Bank of America CFO Said Bank Managing Headcount Through Attrition -Media Call
Portfolio Pulse from Charles Gross
Bank of America's CFO has stated that the bank is managing its headcount through attrition, according to a media call.

July 18, 2023 | 11:45 am
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Bank of America is managing its headcount through attrition, which could potentially lead to cost savings.
Attrition management is a common strategy used by companies to control costs. By not replacing employees who leave, Bank of America could potentially save on hiring and training costs. However, the impact on the stock price is uncertain as it depends on how effectively the bank can maintain its operations with a reduced workforce.
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