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.”

(hidden for your protection)
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59 Responses to “Layoffs Watch ’12: Bank Of America”

  1. Guest says:

    Why does Moynihan always looks like a toothless cartoon character?

  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….."

  3. Zoroz says:

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

  4. derp says:

    mmm… trickle trough


  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

  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?

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