All companies are run for personal (shareholder) gain unless there is check and balances in place. BAC is being allowed to run for personal gain. If it looks good on paper bonuses will be given but real world scenario dictates outsourcing causes headaches. Outsourcing reduces responsibility and increases bonuses if pushed to a third party. Bottom line the accountants show savings on paper - it's kind of black magic. We know the executives of the company will definitely make great bonus returns on outsourcing (stock holders not so much of a return on investment). Most dummies praise our CEO when working here but then found you were really part of the "Outsourcing your own department plan". Do we have anymore cost cutting ideas? Did you really think you were going to retire from the bank? (News flash- the days of retiring from this bank are over people!). Do you really think people will forget the disservice you played on people when you are also laid off.
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I was able to RETIRE EARLY last year from Bank of America. Yes, people can retire from this bank. 6 of us retired at the same time.
I think anyone who is 40 or less knows for sure that you cannot stay with one company all your life. There will be layoffs, sometimes you'll jump on your own etc. There is no loyalty nowdays. In 15 years from now, all of us will be contractors...