Painful layoffs seen in Merrill-BofA merger
Expect painful layoffs after the completion of the merger of Bank of America Corp. of Charlotte, N.C., and Merrill Lynch & Co. Inc. of New York, according to one analyst.
Expect painful layoffs after the completion of the merger of Bank of America Corp. of Charlotte, N.C., and Merrill Lynch & Co. Inc. of New York, according to one analyst.
As much as 10% of the combined work force — or 27,000 employees — could be shown the door, Alois Pirker, an analyst
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