Bank of America will cut 30,000 jobs over the next few years as part of a cost-cutting programme. The cuts represent about 10 per cent of the company's workforce. Bank of America wants to save about 5 billion dollars a year as it slims down the bank that was hit hard by the sub-prime mortgage crisis.The cuts came on the day that President Barack Obama sent his 447 billion dollar jobs bill to Congress, his attempt to reduce the level of unemployment.