News

Layoffs Watch ’12: Bank Of America

Project New BAC continues apace.

“Cuts going down this morning in all areas of BofA equities. MDs and directors so far…The thought is that these cuts will not trickle through (at least this round) to junior folks. Looks to be a dollar savings target, not a body count issue.”

59 comments
(hidden for your protection)
Show all comments

59 Responses to “Layoffs Watch ’12: Bank Of America”

  1. Guest says:

    Why does Moynihan always looks like a toothless cartoon character?

    • Guest says:

      Yeah… "looks like." That's it.

      – BAC Public Image Consultant

    • Crazy Uncles says:

      Also, who stole this guy's lips? I mean, I've heard of stealing some little kid's nose but I think BriBri's Uncle should have given his lips back.

  2. Soon Maybe says:

    "…..At Bank of America, our most important asset is our people. We recognize that talented, engaged and satisfied employees are the foundation to achieving our vision to become the world's finest financial services company. The Global Human Resources team is focused on making Bank of America the best place for people to work by creating an environment where all employees have the opportunity to achieve their goals. The team aligns human resources strategy to the business strategy, enabling the company to make opportunity possible for customers and clients through attracting, developing and retaining a world-class workforce….."
    http://careers.bankofamerica.com/hr/

  3. Zoroz says:

    I am hiring a butler and a gardener for three of my properties.
    – Angelo Mozilo

  4. derp says:

    mmm… trickle trough

    -Wilbur

    • Huésped says:

      My choice would have been 'tickle trough' but Wilbur would probably consider that beneath her.

  5. Guest says:

    Sure getting paid very little sucks, but on the bright side, you're not a layoff target in a "dollar savings" environment.

    – UBS 'Every Cloud has a Silver Lining' Quant

  6. Ich bin ein Hakuna says:

    Inbreeding may result in a far higher phenotypic expression of deleterious recessive genes within a population than would normally be expected. As a result, first-generation inbred individuals are more likely to show physical and health defects, including:

    Working for banks that lack foresight
    Increased genetic disorders
    Fluctuating facial asymmetry
    A strong inkling towards firing people
    Loss of teeth
    Smaller adult size
    Loss of immune system function

  7. S. Berlu says:

    How, if at all, does this impact the availability of female analysts in Italy for Bunga Bunga parties?

    – Silvio Berlusconi

    • Huésped says:

      Equities? Poor choice. Always go with IR and PWM. Barclays demonstrated that this rule applies to Europe as well.

  8. CME says:

    no one dicks around with individual issues anymore.

  9. dumb says:

    "trickle trough" – didnt they already get ride of all the VP's and below?

  10. Beerio says:

    I wonder how often "Bank of America" and "bummers" appear together as tags on a post. I'd imagine it's something like a 90% correlation….

  11. Senior Bodily Apprentice says:

    It is the second directive.

    We must sacrifice them to save ourselves.

    Make it so, all you numbahs.

  12. anonymous says:

    WANTED: impacted desks and those unfortunatey rif'd

  13. Anon says:

    Glad I don't work there. Its like they created Frankenstein, but now bits are falling off

    – Citibank MD

  14. DB Old Timer says:

    Can someone at least post a picture of wideclops for God's sake?

  15. Anna Gristina says:

    I'm still hiring.

    Anna Gristina

  16. guest says:

    Wideclops works at Morgan Stanley.

    -DB old timer who can recall details

  17. Guestest says:

    "Looks to be a dollar savings target, not a body count issue"

    Finally, BofA is honing in on the solution…

  18. Merrill Lynch drone says:

    Bank of America sucks Donkey Balls….I lost my spirit points! Scumbags!

  19. Douchebag says what? says:

    "Well, we didn't like being small," Hugh McColl (who was the bank's CEO before Lewis) told Stahl. "I mean, there's nothing really attractive about being small."
    February 11, 2009

  20. Mandingo says:

    Are Wideclops' eyes so wide that I would easily recognize her amongst a large crowd?

  21. xvbwlrraag says:

    x0IbZ1 vbycbeguajsc, [url=http://gicindlvcxky.com/]gicindlvcxky[/url], [link=http://dwxdguczaazr.com/]dwxdguczaazr[/link], http://bsrftgbulhou.com/

  22. vpgozudlixa says:

    9cCHP6 nwdnjpxmzevk, [url=http://uepdzzneiomm.com/]uepdzzneiomm[/url], [link=http://qvgvfdjinqfs.com/]qvgvfdjinqfs[/link], http://veoheevxkafc.com/

  23. Normally I don’t read post on blogs, however I wish to say that this write-up very pressured me to check out and do it! Your writing taste has been amazed me. Thank you, very great post.

  24. kTf2fD Im grateful for the blog.Much thanks again.

  25. Thanks so much for the article. Cool.

  26. Major thanks for the post.Really thank you! Keep writing.

  27. Dale Barton says:

    Thank you ever so for you blog.Really looking forward to read more. Keep writing.

  28. Looking forward to reading more. Great article post.Really looking forward to read more. Great.

  29. erotismo says:

    Major thanks for the post.Really thank you! Really Cool.

  30. Very neat article post.Much thanks again. Cool.

  31. volume pill says:

    I appreciate you sharing this post.Really thank you! Really Cool.

  32. Really appreciate you sharing this blog.Really looking forward to read more. Want more.

  33. wow, awesome blog.Thanks Again. Cool.

  34. I loved your post.Thanks Again. Much obliged.

  35. OMG Machines says:

    Really enjoyed this article.Thanks Again. Much obliged.

  36. Awesome blog post.Really thank you! Will read on…

  37. I really enjoy the article post. Much obliged.

  38. chat room says:

    Thanks a lot for the article post. Great.

  39. I value the blog.Much thanks again. Awesome.

  40. Looking forward to reading more. Great blog.Really looking forward to read more. Fantastic.

  41. Wow, great post.Much thanks again. Great.

  42. Im grateful for the article post.Really thank you! Fantastic.

  43. I cannot thank you enough for the article post.Much thanks again. Really Cool.

  44. wow gold us says:

    Itˇs really a great and useful piece of info. Iˇm glad that you just shared this useful information with us. Please stay us up to date like this. Thanks for sharing.

  45. Thank you ever so for you article.Much thanks again. Really Cool.

  46. I truly appreciate this article post. Awesome.

  47. I cannot thank you enough for the article.Much thanks again. Really Cool.

  48. This is one awesome blog post.Really thank you! Will read on…

  49. Thanks a lot for the blog post.Much thanks again. Much obliged.

  50. Looking forward to reading more. Great blog.Much thanks again. Much obliged.