Thread regarding Bank of America layoffs

If you look at the Q1 profits at Bank of America, Goldman Sachs, Morgan Stanley, Citigroup and JPMorgan, you will see that the numbers are falling. Once this happens, history teaches us, the banks react by decreasing payrolls and this is what is going to happen to BofA and others as well. This is pretty much inevitable, it's just a matter of time and groups that will be affected. Having cuts in the mortgage unit is pretty much done deal, however we do not know how much other functions will be affected. Get ready, get the resume ready and tighten your seat belt.