There will not be any layoffs in 2020...NONE!
You can take that TO THE BANK!
6 replies (most recent on top)
That line of BS from Senior Management is from April.
Layoffs at BofA occur in late February and a smaller round of layoffs in late September / autumn.
SO, the layoffs for 2020 had ALREADY take place in Feb 2020 by the time management stated this. They may have held off with the late fall 2020 RIF, however, February 2021 is just around the corner. With a decrease in stock price in the double digits, and increased loan loss provisions, they are likely planning a larger Feb 2021 RIF than the 'norm' ...
I’ll take it to JPM
I think the Original Poster was in management trying to "spike" huge layoffs on the way!
Wound t performance issues be “terminations”? Not layoffs.
No covid layoffs. There can be individual layoffs due to performance issues.
Seriously? Bloated, unproductive, redundant staff all have safe and secure salary and benefits through year-end? Awesome!