On the one hand, Brian Moynihan et al plan to cut staff next month, which hurts. On the other, they've been suggesting to certain at risk employees that they might want to see if they can find a home elsewhere inside the bank prior to D-Day, so that's nice.
"Ahead of expected cuts at the House of Moynihan in the Apr-May timeframe, a lot of juniors are being pulled into conference rooms and told it might be in their interest to "reach out and have a chat" with other groups. Reshuffling and reallocation are well underway. No rhyme or reason as far as we can tell regarding why some analysts and associates are being nudged and others aren't (some top bucketed guys got nudged, and some bottom feeders got nudged as well)."