Layoffs Hit Bank of America’s Tech Unit

Bank of America is laying off a number of its technology and operations workers, many of them in Charlotte, N.C. The company didn’t disclose the number of positions affected, but this is the second round of layoffs to hit the unit in the last two months, according to the Charlotte Observer. The division, of about 100,000 employees, makes up about a third of B of A’s staff throughout the country.

Bank of America Logo“Bank of America remains one of the nation’s leading employers, hiring thousands of people each year and reflecting opportunities both for new employees and our strong track record for helping employees transition into new positions within the company,” the company said in a statement.

One laid off employee told the Observer that the cuts have impacted both full-time workers and contractors.

Since 2011, B of A has laid off a total of 40,000 workers.

Comments

  1. BY Fred Bosick says:

    Mark, you wrote this article *and* “This Oregon County is Desperate for Tech Talent”. You could help out both sides buy putting your sources for both articles in contact.

    Maybe even get a referral bonus!

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