Bank of America Corp. said Tuesday that it is shutting its technology and operations sites in Taguig City, Philippines; Guadalajara, Mexico; and San Jose, Costa Rica.
About 3,000 employees will lose their jobs, according to a person familiar with the situation.
Bank of America, which is the second-biggest U.S. bank by assets, has been slashing jobs, branches and business units for several years as it tries to slim down to recover from the financial crisis. The bank has shed about 46,000 jobs, or 16% of its workforce, since the end of 2010.
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