The job cuts will take place in the next several years but mainly from attrition. B of A is taking this action to save as much as $5 billion in salary expenses; B of A stock prices fell by 50% this year.
Questions:
l. What would happen to those who will lose jobs? Will their severance pay replace their jobs?
2. Will they get new jobs?
3. What will be their options in life?
4. What will you recommend to B of A; to US President Obama for this additional job loss?
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