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Posted on 09/12/2011 8:41:43 AM PDT by Red Badger
Edited on 09/12/2011 8:43:36 AM PDT by Admin Moderator. [history]
(Excerpt) Read more at marketwatch.com ...
I'm sure they will save many millions of dollars by eliminating the positions for which they are currently not issuing paychecks.
BofA to cut at least 40,000 jobs
The layoffs reflect Bank of America’s deepening woes and are likely to take a heavy toll on its California operations.
Bank of America has 45,000 employees in California and is expected to roll… (Kevin Lamarque / Reuters)
September 10, 2011|By Walter Hamilton and E. Scott Reckard, Los Angeles Times
Bank of America Corp. is preparing to slash 40,000 or more jobs nationwide, a dramatic retrenchment that reflects the deepening woes of the country’s largest bank and the magnitude of the U.S. economic slowdown.
http://articles.latimes.com/2011/sep/10/business/la-fi-bank-america-jobs-20110910
Weirdest dang recovery I’ve ever seen!
If we recover any more, we’ll all be broke..........
Obama, he say, “Close down those doggone automated tellers!”
My tax dollars well spent.
The obama depression continues.
...and the beat goes on
...and the beat goes on...
Warren? Warren? Is this how you terat the American worker?
That’ll show them mean ole bankers!
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This is an interesting announcement. They aren't actually doing anything. It's more like a response to Obama's jobs speech: "We have decided not to hire anyone who leaves, nor will we be filling any positions that we currently have open." It's almost like, "We're going Galt."