Bank of America cutting 16,000 jobs by year’s end: Report
Source: CNBC
Bank of America is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining revenues
Read more: http://www.cnbc.com/id/49098399
Not sure if theses are previously reported layoffs, but at any rate 16,000 banking sector jobs gone by year end.
Every sector is getting hit, no one is ok in this recession/recovery.
Complete Layoff list for ya - http://www.dailyjobcuts.com
DainBramaged
(39,191 posts)largely through cuts in consumer and technology areas.
tjdee
(18,048 posts)???
Well........ its gone sorry
Response to tjdee (Reply #2)
AnotherMcIntosh This message was self-deleted by its author.
tjdee
(18,048 posts)What a grand fuck you to the American people that saved their asses.
http://www.motherjones.com/politics/2012/05/bank-of-america-outsourcing-call-center-philippines
davidn3600
(6,342 posts)Meanwhile the underwater homeowners can continue to suffer.
HoneychildMooseMoss
(251 posts)Although I have gotten a few credit card offers from them, which I use to get the fires in the fireplace going
Panasonic
(2,921 posts)but the Bank of the Phillippines.
I hope when i call customer service that person that answers name is still John.. when they have an accent like no tomorrow.
BlueInPhilly
(870 posts)and I am totally offended by your statement.
OverDone
(138 posts)I have an accent too, so no offense there. If you ever called basically any Customer Service line you would understand what I'm saying.
Its not an offensive statement, but any means.
olddad56
(5,732 posts)hobbit709
(41,694 posts)Expect wrongful foreclosures to rise.
loudsue
(14,087 posts)employees and service -- ESPECIALLY IN A BANK, of all things -- that keep people wanting to bank there. In other words, I hope their service suffers even more than it already has, and it puts them out of business once and for all.
And then the banksters involved can burn in hell, for all I care. I already cannot stand b of a.
slackmaster
(60,567 posts)Unless you are in upper management.
onehandle
(51,122 posts)aquart
(69,014 posts)smirkymonkey
(63,221 posts)lay off Americans and outsource to a cheaper labor market. They DESERVE even bigger bonuses!! That's their rationale anyway. Trust me, I used to work with these assholes.
It makes me absolutely sick. Next time they need a bailout, they can f**k off as far as I'm concerned. Go ask the Philippine government, you've worn out your welcome here.
KamaAina
(78,249 posts)ibegurpard
(16,685 posts)take your money out of Bank of UnAmerica and help create jobs locally!
lonestarnot
(77,097 posts)RB TexLa
(17,003 posts)They are way, way to high on employees.
If the big banks would get together and agree on it they could all cut costs by closing about 40% of their branches. Branches are very expensive to staff and operate and too many exist just because a competitor is across the street.