Bank of America headcount reduction
So news broke today that BofA is cutting headcount in its IB and S&T divisions. Does this mean it's safe to assume summer 2022 will be a tougher year to recruit for for BofA specifically?
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Just try hard and see what happens no point to speculate
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Where did you hear this
https://www.bloomberg.com/news/articles/2021-02-25/bofa-makes-limited-s…
Regular layoffs similar to other banks, nothing special.
Feb. 25, 2021, 06:21 PM, Business Insider - Bank of America has resumed annual staff culling in its investment bank after pausing during the pandemic
They are laying off underperformers. This should make room for new recruits so if anything it helps SAs
They’ve been very actively recruiting laterals. This is likely cutting non-performers.
True--so many job postings for analysts and associates recently
At least it’s after bonuses
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