My team moved off a project at Bank of America a few months back. However i have contacts at other consulting firm engaged there. Everything points to some massive layoffs starting in late Q2. It seems like the technology budget is healthy or increasing and you will see a big ramp up in offshore staffing. Management will heavily impacted, increased branch layoffs, and replacement if possible with offshore staff.
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vendor contracts are coming to an end today for some
Healthy non-frontline adults aren’t expected to be in pine for the vaccine until at least April or May.
@cilb, hope you do not mind that I copied your post in a new thread
I heard from a credible source that branch locations will be set up with virtual banking. Customers will be doing banking virtually at branch locations instead of having a full staff.
Comments like this are intentionally planted to see if
A: anyone will respond with specific company information or
B: anyone can get caught by internal security posting about internal projects or budgets.
Don’t fall for the bait.
What is the routine
Routine every quarter. (with the exception of 2020)
The technology budget is probably healthy due to still having issues in loan servicing with their platform conversion, months in notes still going missing, payments getting drafted/applied incorrectly
That could describe any year since 1998.
No surprise! I've seen a lot of fraud jobs sent to India the past few years.
Lol there is no staff in branch to layoff
Tell us something we don’t already know.