Reliable sources say that Friday the 13th is shaping up to be a day of major layoffs. Lists have reportedly been finalized across several LOBs, with a 10% reduction expected this year and potentially more next year. Wishing everyone the best.
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Is this like a trim the fat for year end and then hire them back in January when the new budget takes effect? 🤔
if you been at BAC for a while, contractor furloughs happen in Nov around Thanksgiving. its BAU to show better numbers end of year.
FTE layoffs around the holidays look bad. Now Jan/Feb is more like it.
But bring on that package if it exist.
I guess the bank laid off Microsoft. 🤣🤣🤣
@ae can't see the Boston mafia doing that especially on top of the 1.2B mega fine we were just slapped with.
If it's going to be only impacting contractors then we should see more available seats because in Charlotte, I know several contractors that come and go into the off whenever they feel like it due to the WPE wasn't implemented to some of them at this time from what they have told me.
Glad I am not a contractor but the bank really needs to focus more on getting much better on treating ALL employees the same way regardless of they are contractors or not.
Good luck to everyone but as a an employee if I get a package, I would gladly accept. LOL
Give me the golden ticket
B3 mgr here this is true
Tuesday is the traditional day. GO BACK TO WORK.
Again, all BS as the bank does not want to incur the severance costs and unemployment benefits. Only layoffs would be targeted at the contractor space.
Brian told me it would be 20% layoffs and you would get a whipped cream pie in the face on the way out.