NEWSLETTER
Wednesday, June 11, 2025
The Novum Times
No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
No Result
View All Result
The Novum Times
No Result
View All Result

BOA to cut 4,000 jobs amid recession worry – Executives – Jammu Kashmir Latest News | Tourism

by The Novum Times
20 April 2023
in India
Reading Time: 2 mins read
A A
Home News India
Share on FacebookShare on TwitterShare on Whatsapp


New York, Apr 20:Financial institution of America desires to put off some 4,000 staff by June, regardless of sterling first quarter earnings, as recession worries grip Wall Avenue, firm executives stated in a quarterly earnings name.CEO Brian Moynihan stated the cuts have been to preempt a cooling job market and shouldn’t be interpreted as weak spot within the financial institution’s enterprise.“The forecast is for a recession within the second half of the yr, however we don’t see shopper exercise slowing to a tempo that signifies that,” the chief govt of the financial institution, referred to as BofA by its initials, instructed analysts on the earnings name Tuesday. “Every part factors to a gentle recession, however we’ll see what occurs.”CFO Alastair Borthwick indicated that the personnel discount, which characterize 2% of the financial institution’s complete fulltime workforce, comes after headcount peaked at 218,000 in January.“We ended the primary quarter with a bit greater than 217,000 individuals on the firm… and we count on by the top of the second quarter, our fulltime equal headcount will likely be roughly 213,000,” Borthwick stated on the decision.Borthwick additionally stated the financial institution’s backside line will profit from continued “headcount self-discipline” and attrition by way of time.The financial institution’s workforce had grown by 4% within the yr to March, in keeping with knowledge contained inside its earnings announcement.BofA has additionally minimize greater than 1,000 positions within the first two weeks of April and deliberate to eradicate an extra 3,000 jobs by the top of the quarter. The financial institution added that it might not change employees leaving the financial institution and that these departures accounted for the majority of the cuts.Policymakers on the Federal Reserve have projected that the USA will expertise a “delicate recession” later this yr that might take two years to beat, minutes from the March coverage assembly of the US central financial institution confirmed.(UNI)



Source link

Tags: BOAcutExecutivesJammujobsKashmirlatestNewsRecessionTourismworry

Related Posts

Prez Murmu to Get New Voter ID Card; Address Update Process Started: Delhi CEO Office

Prez Murmu to Get New Voter ID Card; Address Update Process Started: Delhi CEO Office

by The Novum Times
10 November 2023
0

Published By: Sheen KachrooLast Updated: November 10, 2023, 21:55 ISTMurmu had scripted history last year by becoming the first tribal...

Mobile QR group tickets for a maximum of six passengers on Namma Metro from Nov. 16

Mobile QR group tickets for a maximum of six passengers on Namma Metro from Nov. 16

by The Novum Times
10 November 2023
0

Namma Metro travellers can start buying tickets for a maximum of six passengers in a family or group using the...

With quota hike, Nitish Kumar takes the lead in caste play, may force Congress, BJP hand | Political Pulse News

With quota hike, Nitish Kumar takes the lead in caste play, may force Congress, BJP hand | Political Pulse News

by The Novum Times
10 November 2023
0

Now, Bihar Chief Minister Nitish Kumar has stolen a march over others by passing a Bill in the Assembly to...

Anand Mahindra On New Google Campus In Hyderabad

Anand Mahindra On New Google Campus In Hyderabad

by The Novum Times
10 November 2023
0

Industrialist Anand Mahindra has lauded the construction of Google's new campus in Hyderabad, calling it a "geopolitical statement". The campus,...

CRPF Jawan Dies by Suicide in Qazigund

CRPF Jawan Dies by Suicide in Qazigund

by The Novum Times
10 November 2023
0

SRINAGAR: A Central Reserve Police Force (CRPF) Jawan allegedly shot himself dead with his service rifle...

Next Post
Bernie Taupin on being inspired by Terry O’Neill and making art – Channel 4 News

Bernie Taupin on being inspired by Terry O’Neill and making art – Channel 4 News

West Ham vs Gent, Europa Conference league quarter-final live: score and latest updates

West Ham vs Gent, Europa Conference league quarter-final live: score and latest updates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

Browse by Tag

Biden Bitcoin Business Canada case Channel China court Cup day dead deal Death Diplomat free global Health Home India Jammu Kashmir killed latest Life Live man National News NPR people Police POLITICO Russia South Time Times Top Tourism Trump U.S UAE Ukraine war world Years
  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In