Bank of America has announced as part of its restructuring to absorb Merrill Lynch , its laying off at least 30,000 workers over the next three years maybe more. This has rattled alot of people in the banking and investment workplace. Imagine wondering, if I go into work tomorrow will i still be employed or is there a pink slip waiting with my name on it. On a more positive note if you were with Wells Fargo who absorbed Wachovia, or Citigroup, the tension is even more acute as both are shedding jobs by the month, not by the year! And although it these acquisitions seem dire, they appear to have spared more jobs and portfolio value then have or will be lost.
Thursday, December 11, 2008
Bank of America gives pink slips for Christmas!
Bank of America has announced as part of its restructuring to absorb Merrill Lynch , its laying off at least 30,000 workers over the next three years maybe more. This has rattled alot of people in the banking and investment workplace. Imagine wondering, if I go into work tomorrow will i still be employed or is there a pink slip waiting with my name on it. On a more positive note if you were with Wells Fargo who absorbed Wachovia, or Citigroup, the tension is even more acute as both are shedding jobs by the month, not by the year! And although it these acquisitions seem dire, they appear to have spared more jobs and portfolio value then have or will be lost.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment