After Announcing Layoffs, BofA Holds Job Fair

RANCHO CORDOVA (CBS13) — Bank of America announced earlier this week that it is going to slash 30,000 jobs nationwide, so why was it holding a job fair Friday at its Rancho Cordova branch?

That’s what CBS13’s Ben Sosenko went to find out, and bank officials instead told him to leave the premises.

He eventually did speak to bank officials, although nobody would speak on camera from the bank, and Sosenko was told that they are hiring 30 jobs because there is a need in the Sacramento area.

The major layoffs for the Charlotte, N.C.-based bank are over the next three years, and no one from Bank of America locally could say that these new jobs won’t be part of those layoffs.

Despite that uncertainty, dozens of applicants showed up Friday hoping for one of the 30 openings.

“I’ve just moved here from Stockton and I’ve been here for three months and gone on interview after interview, and it is just hard right now,” Iran Mendez said.

She said any job offer would be too good to pass up.

“I think everyone is surprised when places that are to supposed to be going out of business are hiring, but right now, even if it’s just temporary, I need the money,” Mendez said.

Bank of America isn’t going out of business, but the nation’s largest bank has been severely hampered by its acquisition of mortgage lender Countrywide in 2008. The job cuts are part of plan to cut billions in expenses.


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