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Bank of America cuts up 3,000 jobs
Posted by Fired Fred on October 25, 2007 4:50 PM
All those bad mortgages have caught up to the banks. Everyone's dumping people as fast as the executives can push them out the door to save their skins.
Bank of America has an assembly line, or is it a job disassembly line, in operation to fire people after they put up a mere $3.698 billion in net income last quarter.
Just think of the unimaginable horrors the C-level types could experience if they didn't toss out all those employees. They might have to fire a gardener or maid at home, or limit their consumption of caviar to a jar or two less per month.
Imagine the sadness at the prospect of selling off one of the vehicles from the 10 car garage to make up for, oh, having to eat a pay cut instead of getting rid of a bunch of people who aren't going to ski outside the United States anyway.
Gasp! Seriously, what kind of ass would suggest a little less largess at the top of the corporate pyramid, so a few of the little people could hang on to their jobs? Obviously someone who doesn't shop on Fifth Avenue or Rodeo Drive.
That's just un-Bank of American.