Bank of America Corporation (NYSE:BAC) Employee Numbers Drop

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Bank of America Corporation (NYSE:BAC) has dismissed about 2000 employees in the Massachusetts area over the last four years. Bank of America Corporation (NYSE:BAC) Employee Numbers Drop The financial arm of Bank of America Corporation (NYSE:BAC) said that it has dismissed about 2000 workers in Massachusetts in the last four years. This is mainly due to the sale of its Columbia management business and other smaller branches. Bank of America Corporation (NYSE:BAC) is reducing the number of its branches to deal with the economic downturn. The bank now has 7,000 employees in Massachusetts whereas they employed 9,000 workers in 2007. Bank of America Corporation (NYSE:BAC) spokesman Joseph Goode said, "These are typical employment fluctuations, given the significance of the Merrill Lynch and Columbia transactions and the natural ebb and flow in a challenging economy". Bank of America Corp. (NYSE:BAC) stocks are currently standing at 13.47. Price History Last Price: 13.47 52 Week Low / High: 10.91 / 19.86 50 Day Moving Average: 14.07 6 Month Price Change %: 2.6% 12 Month Price Change %: -27.4%