Bank Of America Layoffs 2025 April. Retail sales increased slightly more than expected in october, but underlying momentum in consumer spending appeared to slow at the start of the. Goldman sachs and morgan stanley have cut workers ahead of a possible economic downturn, but bank of america ceo brian moynihan and his cfo have said they.
Bank of america cut 5,000 people, or actually 7,500 people when you consider that it also hired 2,500 students as per the chart below. Industry executives acknowledged the challenges in navigating the changing rate environment.