BofA Is ‘Dumbsizing’

* Re: “Bank of America Will Cut 10,000 Additional Jobs” (Business, July 29): You reported that BofA’s massive new layoffs will translate into a total of 35,000 job losses since the bank merged with NationsBank Corp. just two years ago. You also wrote that, of the $600 million BofA expects to “save” through this carnage, “$25 million will be spent to burnish the bank’s brand image.”

I believe this is what might be called a self-defeating strategy. Or, in the more economical words of the analyst you interviewed: “dumbsizing.”

MICHAEL KATZ

Berkeley