• 27 Sep 2012 at 5:24 PM

Layoffs Watch ’12: Bank Of America Australia

By

The House of Moynihan has said goodbye to a bunch of employees down under.

Bank of America Merrill Lynch has begun a new round of job cuts in Australia, a person familiar with the matter told Deal Journal Australia, becoming the latest investment bank to cut costs amid light deal flow and sluggish equity markets due to the stuttering global economic recovery. Fewer than 10 staff from the bank’s equities sales and trading division have been let go, the person said, without elaborating further.

Bank of America Merrill Lynch Cuts Staff in Australia [Deal Journal]

Comments (27)

  1. 1
    Posted by E. Cartman | September 27, 2012 at 5:45 PM

    Given that, in Australia: a) Christmas is in the summer, and b) toilets flush the wrong way

    This is good news, right?

  2. 2
    Posted by Moody's Plumber | September 27, 2012 at 6:34 PM

    You have to lift the handle up?

  3. 3
    Posted by UBS sucks | September 27, 2012 at 6:43 PM

    No Shrimp on the barby!

  4. 4
    Posted by Headhunter | September 27, 2012 at 7:08 PM

    Not all bad news – opportunities for shark guards have recently arisen in a nearby state

  5. 5
    Posted by MACK | September 28, 2012 at 12:20 AM

    Heading over to the mines to drive real tonka trucks for 6 figures.

  6. 6
    Posted by SwissHedge | September 28, 2012 at 8:33 AM

    HR came in and told me to "throw me Kangaroo down sport"….

    So I waltzed out the building and wish the boomerang of fate will whack her in the lamb chops…

  7. 7
    Posted by Guest | September 28, 2012 at 8:39 AM

    That's almost as bad as a dingo taking your baby.

    – UBS Analogy Quant

  8. 8
    Posted by Guest | September 28, 2012 at 9:07 AM

    A dingo took my job!

  9. 9
    Posted by Guestest | September 28, 2012 at 4:16 PM

    So what is it? 9? 8?

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