According to the Charlotte Business Journal, Bank of America plans to cut 3,500 jobs nationwide. Here is the CBJ's statement regarding the potential impact on Charlotte:
"In Charlotte, BofA has about 15,000 employees at its headquarters and other operations. The bank (NYSE:BAC), the nation’s largest by assets, employs about 287,000 worldwide. The 3,500 job cuts represent a little more than 1 percent of the total work force. In Charlotte, a 1 percent reduction would be about 150 jobs lost. However, the bank hasn’t outlined how the layoffs will be distributed."
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