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Bank of America has announced plans to cut up to 35,000 jobs over the next three years. The company blamed the move in part on a pending acquisition of the brokerage firm Merrill Lynch. Bank of America has received $25 billion under the taxpayer bailout of Wall Street so far. It’s the latest in a round of mass layoffs to hit the financial sector. Last month, Citigroup announced plans to lay off 50,000 workers.
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