Bank of America has no plans to cut any jobs this year, CEO Brian Moynihan said Friday, joining other banks like Morgan Stanley, Wells Fargo and Citigroup.
“We don’t want our teammates to worry about their jobs during a time like this, and we’ll continue to pay everybody, even those who can’t work from home,” Moynihan said about the coronavirus pandemic on CNBC Friday.
In addition, BofA has added some 2,000 staff members in March and is moving roughly 3,000 employees to its consumer and small-business units in response to the COVID-19 crisis, according to a memo seen by Bloomberg.