• 19 Sep 2013 at 2:00 PM

Layoffs Watch ’13: Bank of America

The House of Moynihan has had to cut ties with some of its own.

From the front lines:

Cuts going down (yes, again) on the Equity trading floor at BAML. Electronic, sales & trading. This at least their third or fourth round of cuts this year. Related, earlier this year they asked for volunteers to raise their hand to be laid off and too many did so they had to hire a bunch of people back.

12 comments (hidden to protect delicate sensibilities)
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Comments (12)

  1. Posted by Guest | September 19, 2013 at 2:34 PM

    Getting laid off from BAML is like that moment when the abused wife finally moves out of the trailer.

  2. Posted by segoviacobain | September 19, 2013 at 3:39 PM

    This calls to mind my favorite hillbilly joke:

    What does a redneck girl say after sex?

    "Get off me Daddy, yer crushin' my Marlboros."

  3. Posted by TypesofBankSnakes | September 19, 2013 at 3:50 PM

    BOA constrictor

  4. Posted by Needmorecharts | September 19, 2013 at 4:02 PM

    Bring back Matt

  5. Posted by Rob J | September 19, 2013 at 4:38 PM

    At least he'd give a source.

  6. Posted by guest | September 19, 2013 at 4:46 PM

    Because he was sourcing other people's material, not quoting someone who would obviously be fired for giving the information, which is also why Bloomberg, the WSJ, etc will write "a person familiar with the matter" and not give you their name, you halfwit.

  7. Posted by guest | September 19, 2013 at 4:46 PM

    You're not very bright, are you?

  8. Posted by Shooter McGavin | September 19, 2013 at 4:59 PM

    Phew! Thanks for clearing that one up.

  9. Posted by UBS HR | September 20, 2013 at 12:42 AM

    Tch tch … BofA needs to do a much better job with layoffs.

  10. Posted by guest | September 20, 2013 at 6:22 AM

    They hired people on the international side because they cut it too hard and clients complained about service. Their international biz will never be the same again

  11. Posted by guasto | September 20, 2013 at 9:51 AM

    bank of 'merica, beotch. now where the f did we put that ROE…

  12. Posted by guest | September 21, 2013 at 12:58 PM

    The endless layoffs at BoA have made it THE worst employer in the U.S. One needs a pair of eyes at the back of your head (back-stabbers aplenty at OBP) to work. Lay-offs have also become a vendetta tool in the hands of power-crazy group heads. Long live North Carolina National Bank….