Layoffs Watch '12: Bank Of America
The aforementionedlayoffs are said to begin this week, with the survivors being fitted for their superpod racing suits shortly.
"FYI: BofA cuts are expected to start Thursday, thought to be 20% across the board in IB. All levels affected but with 2nd and 3rd year VPs who are not going to make director, of which there is a glut, hit especially hard. If you're a first year VP (without acct coverage responsibilities), you're probably going into the superpods."