Skip to main content

Bank of America: You're Fired. We'd Also Like To Point Out That Moving Forward, You Will Qualify For Food Stamps

  • Author:
  • Updated:

A recently laid off BoA analyst received the following message from her former employer. I don't know if this sort of thing is common practice, and it's unclear whether or not the note was serious or just an attempt to crack a joke in the midst of a tough situation (self-deprecating humor about how crappy your bonus are is always good), but let us just say, well-played, Ken Lewis. Made us laugh.

Dear Employee of Bank of America:
Based on your annual earnings, you may be eligible to receive the Earned Income Tax Credit (EITC) from the federal government. The EITC is a refundable federal income tax credit for low income working individuals and families. The EITC has no effect on certain welfare benefits. In most cases, the EITC payments will not be used to determine eligibility for Medicaid, supplemental security income, food stamps, low income housing or most temporary assistance for needy families payments....
Bank of America Personnel Center


Layoffs Watch '16: Bank of America Not Done Axing People

Brian Moynihan casually mentioned future cuts to shareholders today.