Bank of America job cuts may affect local business

BEACHWOOD, OH (WOIO) - Cleveland's economy took another hit Thursday when Bank of America announced it's letting go of 1,200 employees who work in its Beachwood call center.

One business that knows it will see an impact is Degaetano's Italian restaurant.

Degaetano's is located near the Beachwood call center, and employees often frequent the business.

Degaetano's owners say that the Bank of America employees made the bulk of their lunchtime crowd.

Economist are not quite sure how the layoffs will affect Beachwood's robust economy, but the county's executive is calling this a tough period for those who lost their jobs.

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