Bank of America CEO doesn’t want employees worrying about their jobs


A sign hangs above the entrance to a Bank of America branch in Chicago, Illinois.

Scott Olson

Bank of America CEO Brian Moynihan said his bank’s 200,000-plus employees won’t have to worry about layoffs this year, joining banks including Morgan Stanley and Citigroup in making similar pledges. 

“We don’t want our teammates to worry about their jobs during a time like this,” Moynihan told CNBC’s Jim Cramer on Friday. “We told them all, there’s no issue, you’re all going to be working now through year-end. No layoffs, no nothing.”

Last week, Bank of America said it was boosting pay for branch tellers by $400 a month and reducing daily work shifts by at least two hours amid the widening…


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