Hi Everyone, I have heard from my LOB that BofA is considering reducing their overall headcount by 2027-28. They are expecting natural attrition to help reduce headcount in 2026. Is anybody aware of any previous history where BofA has done this before? I know we can switch and should not worry about layoffs but just wanted to understand where the company is heading given the company's performance looks good on paper.
Please feel free to share your thoughts!

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Company’s performance looks good on paper as it has trillions of assets under management and fees over it is why profits look higher each quarter.

But analysts evaluate company on efficiency ratios, how much money is being spent to earn a dollar. I think that is not best in the industry for BofA and where they may want to improve.

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I follow 3 rules
Rule 1. NEVER TRUST COMPANY
Rule 2. Always have a Back up
Rule 3. always never forget Rule 1 and 2, though you are having 30 years of experience

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