Skip to comments.BofA employees flood bank's rivals with resumes
Posted on 11/03/2011 4:49:39 PM PDT by rabscuttle385
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank.
Competitors say they are getting an influx of calls, emails and LinkedIn connection requests as the bank embarks on a plan to slash 30,000 jobs over the next few years. The employees are scouting jobs in retail, commercial and investment banking, bankers and recruiters said.
"It's definitely picking up," said a senior executive at a rival consumer bank.
(Excerpt) Read more at reuters.com ...
I go into my BOA a couple times a week...I like the ladies there and hope I am helping to keep their jobs.
Maybe I’ll close my Bank of Amigo credit card now that I don’t need it to help their slide into bankruptcy along. I wonder if keeping it open with a zero balance be more productive?
She got into trouble with the IRS and not the brightest person in the room.
She called me and said BOA isn't lending money can I call my bank for her. ( She even asked me if she should tell them she needs to pay the IRS. I told her only Obama would loan anybody money with a IRS bill).
BOA is scum but I did transactions for my brother when I had power of atty for him, and they treated me great. The employees that I came in contact with were A+. I wish them well.
I wonder if Bank of
America Amigo is going to hire a bunch of illegal aliens to do the work? Or are they just going to send the jobs offshore to India?
They are overstretched in the consumer banking and home-loan sectors, so those will be jobs that will be eliminated. Not sure about their prowess in investment banking. They’ve already outsourced back-office and IT support to India, so these 30,000 aren’t going there imho
Their bill-pay works flawlessly. And the few times I've interacted with their people, the results were completely positive. (I didn't choose them. Over the years, they acquired the banks where I had accounts.)
Unfortunately for these employees many other people with banking experience have been looking for those same jobs for years; the combination of bank mergers and outsourcing has led to a grim employment outlook for that sector.
A local bank branch I use (part of a large bank) has few Americans working in it; mostly Asians from the sub-continent, doing the work Americans won’t do for $3 per hour. The manager seems to be eastern European; her English is almost impossible to understand. I’m sure they’re all here legally; I don’t know why.