BofA’s Moynihan Sees More Job Cuts as Economy Sputters

Bank of America Corp. Chief Executive Officer Brian Moynihan will press on with a plan to cut more than 30,000 jobs as revenue stays flat.

“I think we continue to reduce our headcount -- you can see it in our patterns, it’s really based on demand,” Moynihan, 53, said in an interview with Bloomberg Television in Tokyo today. “As we continue to get through the mortgage issues at Countrywide, you’ll see the headcount come down substantially.”