Layoffs At Bank Of America Impact 2024 Chicago. In 2024, bank of america, one of the largest financial institutions in the united states, announced a series of layoffs as part of a strategic restructuring plan aimed at. Instead of filling vacancies with people hired externally, moynihan said last week that bofa has been rolling over teammates from one business.

Shares climb as dow slides. There was a 10% increase in layoffs last year from the previous year — 19.8 million in 2023 compared with 17.6 million in 2022, according to an analysis of bureau of.