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"Yes? Yes. Bill? Is today the day? It's me isn't it Bill? You've come to tell me it's over! I'm through, aren't I, Bill! Well, I guess it's time to tell you something, Mr. "I have a job and you don't." I hate you, Bill. I've hated you since I was hired! You're scum and the sight of you makes me want to puke. All day long, lording over your measly workers, watching us work ourselves to the bone while you gloat.. I've seen that glint in your eye, Bill and the gleeful spittle as you shank one after another of my co-workers in the heart. You go ahead, BILL! FIRE ME! JUST SAY IT ALREADY!!!!!
"Tom, I came to let you know your wife called while you were out.'
"Oh. Oh well, then. Thanks Bill. That is some good to know info.
Here's a tissue. You're drooling."
Hahaha, LOL. That was pretty funny! Unfortunately, the layoffs won't be. It's not very comforting to know that these layoffs will be spread out over three years; for two and half years or more, some people won't know if their jobs are safe!
Much of the head-rolling is going to be at Merrill; after all, the combined company won't need two H.R. departments, two legal departments, two I.T. departments, etc. I can only hope that the severance packages will be good.
BOA is constantly doing reductions in workforce because of the regular acquisitions (having done a dozen major mergers over 20 years). They were still in the process of integrating LaSalle Bank and Countrywide Mortgage when they bought Merrill bringing in another 65,000 on top of the almost 300,000 they have. They are pretty good at it with decent benefits for those leaving.
We're like cattle in a slaughterhouse feedlot..just waiting for our number to come up.
Best thing you can do right now is save, pay down your debts, refinance if you can and stock up the pantry...all this "just in case" your number comes up next.
We're like cattle in a slaughterhouse feedlot..just waiting for our number to come up.
Best thing you can do right now is save, pay down your debts,refinance if you can and stock up the pantry...all this "just in case" your number comes up next.
Well they've hammered the blue collar people about as much as they can, now it's time to go after the white collar folks. Afterall; college is the new vocational school, the office is the new factory and office workers are the new working class.
Some of these layoffs are due to the gobbling up of Merrill Lynch and the huge acquisitions made by BofA in recent years. You can't keep merging organizations and not have redundancy and fat. The current economic climate and hit to their market cap has hastened and illuminated the need to cut, but it's been there for months.
Some of these layoffs are due to the gobbling up of Merrill Lynch and the huge acquisitions made by BofA in recent years. You can't keep merging organizations and not have redundancy and fat. The current economic climate and hit to their market cap has hastened and illuminated the need to cut, but it's been there for months.
This is very true!
BOA has taken on way to many companies, now they can't even handle all of what they have bought. They are a mega bank that believes bigger is WAY bigger and because of this I will not do business with them.
In October 2007 they bought all of the LaSalle Bank's throughout the nation, and still have not made a totall transition yet. Last May they put plastic tarp's over the LaSalle signs and now many of them are still up and falling apart and the bank is so large that they don't care about a few Michigan banks.
Bank of America's business analysts know the state of the economy and are devising strategic steps to maintain that that the bank will survive the upcoming financial storm. They know the market is going to diminish greatly and they are trying to beat the clock while they have time. The banks and other corporation’s actions are telling us just how bad things are really going to be by devising serious cuts in their staffs.
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That was pretty funny! Unfortunately, the layoffs won't be. 
It's not very comforting to know that these layoffs will be spread out over three years; for two and half years or more, some people won't know if their jobs are safe! 
