BANK OF AMERICA CUTS 100,000 JOBS – Bank of America have cut 100,000 employees in less than a decade. The Bank of America CEO, @Brian Moynihan, said that the cuts come as the adoption of technology has come into play. Bank of America said in an earnings presentation that artificial intelligence and robotic process automation has assisted in the firms cutting of 84,000 work-hours a year. Specifically the company went from a total 305,000 workers to 204,000 last quarter. Moynihan went on to say that handing out pink slips was the “worst time I ever felt as a manager in 25 years or so.” He was referring to late 2007 when Bank of America “realised we screwed up totally and we laid off like 10,000 people instantaneously”. #SpartanInternational #CNBC