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.

  • bob

    Because the corporations don’t see you as people, they see you as human resources. Resources are “managed” and are “expendable”. Fire the high-paid workers with tenure + hire the low-paid college grads = profit. welcome to subsidized capitalism. BoA should have never received any government help– the execs just used the money to retire with a golden parachute, build themselves a mansion, buy a yacht, etc. On that note, I’ve never spoken to any low level BoA manager who wasn’t a heartless rat. I hope some of them are now looking for a job.

  • kathy

    I went on a job interview with b of a several years ago that was a group interview. Despite having almost 9 years of past bofa experience, I was told that my experience was “too old”. Huh? I thought thats what training was for. When I complained they said, “oh ya, and you aren’t bi-lingual. That wasn’t even mentioned in the job ad. I believe they already had internal applicants, but were required to post the jobs due to Federal laws. That is probably exactly what is happening now. They have had these same jobs posted at least 2 months.

  • Bank Of America Employees Sound Off Post Layoff News | Blog

    […] one recent job fair to hire 30 new bank employees at its Rancho Cordova, CA branch, according to news reports. So if you are considering a job at Bank of America and want to know what it’s really like to […]

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