In the latest wave of mass layouts came the decision of Bank of America to cut up to 35,000 jobs over the next three years. This decision was made as the financial giant adjusts to a recession and completes the pending acquisition of brokerage firm Merrill Lynch & Co.

http:/ www.reuters.com/article/newsOne/idUSTRE4BA6ZD20081212

http://money.cnn.com/2008/12/11/news/companies/BofA/?postversion=2008121118