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Bank of America cuts 150 junior roles in investment banking, sources say

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Bank of America's latest cull has eliminated 150 jobs of junior bankers at its investment bank, two sources familiar with the matter told Reuters on Tuesday.
Bank of America has reduced its workforce by cutting around 150 junior roles in its investment banking division, as reported by Reuters on March 11, 2025. This downsizing primarily affects associates and vice presidents, reflecting a broader slowdown in dealmaking activities. The bank has not officially commented on the layoffs, but sources indicate that these cuts are part of an effort to streamline operations amid a challenging market environment. This move follows similar actions by other major banks adjusting to reduced financial activity and economic pressures.

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[ https://www.reuters.com/business/finance/bank-america-cuts-150-junior-roles-investment-banking-sources-say-2025-03-11/ ]