Bloodbath at BofA-ML Today?
Supposedly today analysts and associates are being massacred across IBD. Anyone have any insight as to the percentage across groups?
Supposedly today analysts and associates are being massacred across IBD. Anyone have any insight as to the percentage across groups?
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Kids are getting canned left and right. Two of my buddies at BofA product groups just got the boot.
Edit: They were first-year analysts.
follow the dealbreaker comments. I haven't seen percentages, but it doesnt look pretty - http://dealbreaker.com/2009/03/layoffs-watch-09-bac-ii.php#comments
Haven't heard from him yet, but a buddy of mine (1st year analyst - FIG) said he was gonna get the boot today. He also said to save a spot for him on our spring break trip lol.
Edit - Just confirmed he get canned.
gg
food for though - does this mean, if laid off analysts/associates somehow find another analyst/associate position, are they placed in the same year? or are they downgraded?
what side were these guys from - ml or bof a? just ibd or across the firm?
Any info on the energy group for either bank?
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