BOSTON (MarketWatch) -- A minimum of 10,000 workers at Merrill Lynch & Co. MER, +27.69% are likely to lose their jobs after the company is acquired by Bank of America Corp. BAC, -1.32% , Ladenburg Thalmann analyst Richard Bove wrote in a note to clients Tuesday. "Bank of America's 'slash and burn' style following acquisitions is likely to be pronounced at Merrill," Bove said. "It overlaps with Bank of America in multiple divisions." Separately, Bloomberg reported that Merrill plans to cut about 500 jobs in its trading unit as Chief Executive John Thain reduces the workforce to position for an economic slowdown.