Lots of people retiring and hardly any roles are being back filled. BOA is getting what they want. Lower headcount streamline operations and paying out no unemployment or severance.
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I agree with the poster below, and the leaks are getting so big that even bringing in the most skilled workers to replace those who have left will not be able to fix the leaks soon.
Problem is much of the senior leadership line (Band 2 and 3's) is rotten and needs to be replaced. Until it is we will continue to sink.
Streamlined operations? Or do you mean less experienced workers to do more work, meaning more errors, less productivity, and more people leaving who will be unable to be replaced due to better employer opportunities elsewhere in the months ahead? Bank shoots itself in the foot every opportunity it gets while playing pretend and “grown up” in their bubbles. Up in their palatial cabins on the upper decks while the hull is springing too many leaks to patch and those capable of patching them have abandoned or about to abandon ship.