Bank of America has cut 1,000 jobs so far this month and plans to cut another 3,000 by the end of June, according to figures it disclosed during a quarterly earnings call Tuesday.
The bank’s headcount dropped to 216,000 on Friday, CFO Alastair Borthwick told analysts Tuesday, according to American Banker. That’s down from the 217,059 it counted as of March 31.
Further, the bank expects that number to drop to 213,000 in the second quarter, excluding summer interns, American Banker and the Financial Times reported.
