Merrill Lynch & Co. Inc.'s chief executive officer, John Thain, said he expects "thousands" of job losses as a result of his company's $50 billion takeover by Bank of America Corp.

Most of the cuts would be made in information technology, operations, and "corporate functions," Mr. Thain said Tuesday in a Bloomberg Television interview in Dubai. Jobs in the fixed-income and commodities divisions would not be eliminated after the deal closes, he said.

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