As many as 8,000 more jobs are set to go at Bank of America's consumer arm as the digital banking revolution gathers pace and reduces the need for back-office staff and bank tellers.
The biggest US retail bank by deposits also plans to add sales staff — including mortgage loan officers, small business bankers and personal investment advisers — as part of its efforts to improve revenues.
Even so, the overall headcount is expected to decline by several thousand as the number of consumers who visit branches falls steadily.. . . more