Bank of America Reassures Staff Will Keep Their Jobs in 2020 Amid COVID-19 Crisis

U.S. President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski /AFP via Getty Images

Bank of America CEO Brian T. Moynihan assured its 208,000 employees not to worry about their jobs or their salary payments for 2020.

“We don’t want our teammates to worry about their jobs during a time like this,” Moynihan told CNBC’s Jim Cramer on Friday. “We told them all; there’s no issue, you’re all going to be working now through year-end. No layoffs, no nothing.”