Big news from Wall Street! Bank of America, a giant bank, let go of 150 junior bankers. This happens every year, but this time it's because fewer deals are happening. It's like a school cleaning out its lockers – getting rid of what's not needed.
- Bank of America fired 150 junior bankers.
- This is part of a yearly review where some employees leave.
- Fewer deals meant less work for bankers.
- Some bankers got new jobs within the bank, some left.
| Fact | Number |
|---|---|
| Bankers let go | 150 |
| Similar cuts at Goldman Sachs | More than 1395 employees potentially |
| Deals in first 2 months of 2025 (slowest since 2009) | 1603 |
