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Keeping in mind that BOA has approximately 275,000 employees are laying off 16,000 employes and event-ually a total of 30,000. I see it as a good restructuring move for too many reasons to discuss here in forum. My concern. I'm using this model as an example of of a opinion I raised in an earlier thread that now these laid-off folks may or may not receive unemployment? Additionally,added to the layoffs in the banking industry might add .2 % to the Bureau of labor stats? Lastly, these generally qualified employees (BOA doesn't hire nitwits) will have to statistically be relegated to accepting lower paying jobs often without benefits not withstanding part-time assuring the businesses will circumvent health care and and other benefits like 401K's. All of this exacerbates the economy and puts added burden on tax payers precipitates additional foreclosers if not chapter 7 and so on. So what's your remedy ? Perhaps cross train in a short medical CNA.LPN program,get a securities license, strive for a sales position ,join the Navy, seek a small student loan to maintain rent/mortgage, downsize and sell off belongings, take on 2 part-time jobs. Go without health insurance until you get back on your feet. Sell a second car. If you have a 401K attempt to get a loan from it to help you out. Seek professional debt counciling I'm just a guy who writes stuff in forums.
Assuming many of these jobs are back office jobs I would start talking with recruiters and hope to land a Contractor job. Many financial companies aren't hiring employees, but they are hiring contractors.
Typically as a contractor you make a bigger pay check but you don't get benefits, paid time off, insurance, etc.
Obama made the banks whole again, and than some. He also stuck you and me with the bill. That's our Obama As for the layoffs, if they can do the same or more with less, that's exactly what they will do. In this environment of high risk and record low interest rates, I would bet they are more interested in buying government backed securities and hunkering down instead of making money the way they were before the recession. Which would you rather have... 1% return on your money or a loss???
I truley believe that Curley was the funniest person on earth . Your Whoop whoop Nyuk was absolutely halarious!!! Marty Short and Will Ferrell are my modern favorites. I've done some arithmetic regarding the financial future of America and the results will appear on twitter for those who consider me their guru. Go up seven floors and jump out a window dressed as a bourgeois. Just kidding forgive me I meant as a bourgeoisie.
I truley believe that Curley was the funniest person on earth . Your Whoop whoop Nyuk was absolutely halarious!!! Marty Short and Will Ferrell are my modern favorites. I've done some arithmetic regarding the financial future of America and the results will appear on twitter for those who consider me their guru. Go up seven floors and jump out a window dressed as a bourgeois. Just kidding forgive me I meant as a bourgeoisie.
The word "bourgeoisie" means a social/economic class. A person who is a member of that class is a "bourgeois", which can also be used as an adjective. Therefore I am having a difficult time imagining how one could dress as a bourgeoisie. Or perhaps I am being too literal and I have missed your point completely?
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As for the layoffs, if they can do the same or more with less, that's exactly what they will do. In this environment of high risk and record low interest rates, I would bet they are more interested in buying government backed securities and hunkering down instead of making money the way they were before the recession. Which would you rather have... 1% return on your money or a loss???
