(Reuters) Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday. That compares with Moynihan's pay of $29 million in 2023.

Apr 18, 2023 · Bank of America on Tuesday announced plans to cut as many as 4,000 positions before the end of June even after it reported first-quarter profits that beat expectations.

Jan 24, 2025 · Everything you need to know about Bank of America's potential 2025 layoffs and severance packages, backed by real employee data and industry insights.

Jan 23, 2024 · Bank of America is cutting jobs. Headhunters told us yesterday that cuts were coming at the bank, and both Financial News and Reuters are reporting today that people have gone. The cuts are being made on the cusp of bonus announcements, which are due this Friday.

WARN layoff notices nationwide at Bank of America (NYSE: BAC) available here. Dataset includes layoffs at subsidiaries and acquisitions, including Merrill Lynch, First Franklin Financial Corporation, and Countrywide Financial.

Jul 30, 2024 · The bank, which has six offices in the country, leased a 1.1m square foot office space in Chennai back in December. Bank of America have not responded to a request for comment. Elsewhere, BofA may not be the only bank conducting layoffs quietly.

2 days ago · Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and energy. ... Ally Bank/Facebook

Bank of America Layoffs: Downsizing related discussion, postings, questions and answers.

May 15, 2024 · The current approach to layoffs at Bank of America likely involves a combination of workforce assessments, departmental evaluations, and consultation with internal and external stakeholders. The goal is to minimize disruption while achieving the desired cost-saving targets.

Jan 14, 2024 · After announcing its fourth quarter results last week, Bank of America is due to announce its bonuses next week and when it does, there may be disappointment. Bank of America could benefit from disappointing a few people; they won't leave.