Layoffs Watch ’11: Bank Of America

Cuts apparently continued at Moyhinan’s House of Fun yesterday.

Prime brokerage in the US was hit hard yesterday……sales, cap intro, client service, on-boarding, compliance, technology. Same in Europe.

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1
Posted by Guest | September 16, 2011 at 5:17 PM
If a CEO mumbles incomprehensibly through your termination, are you actually fired?
2
Posted by NYRebel2003 | September 16, 2011 at 5:26 PM
Moyhinan’s House of NO FunDS
3
Posted by Guest | September 16, 2011 at 5:45 PM
Which PB people, any idea? if I recall BAC PB was made up of purchased units from other PBs
4
Posted by Hm. | September 16, 2011 at 6:36 PM
No.
Milton Waddams
Associate, Basement Banking Operations
Charlotte, NC
5
Posted by Sallie Krawchek | September 16, 2011 at 7:30 PM
yes
6
Posted by BSD | September 18, 2011 at 10:05 PM
I heard from a friend who got canned that the senior folks are saying its ok b/c JPM will be laying off in the next few months, as if 1) that will really happen and 2) that makes it any better
The guy who told m ethat is a complete cocksucker, glad he got cut.
7
Posted by Louis Winthorpe III | September 19, 2011 at 1:14 PM
JPM prefers the Wait-Until-10%-of-Your-Workforce-Leaves-for-New-Jobs-So-They-Are-No-Longer-Underpaid-Then-Reassign-Responsibilities-Until-More-Quit-Ad-Infinitum approach to cost-cutting.

Dealbreaker