As part of a company wide "restructuring", Bank of America apparently plans to layoff 3,500 employees with plans to reduce staff by another 10,000. Or so says the Wall Street Journal, that august chronicle of the doings and goings on in the financial world. The stated reason is that the bank's profits have been hit because of lawsuits and related liability stemming from the mortgage mess of 2008.
That may be true.
But I think a far more compelling reason lies in its interiors. For example, the branch of BofA that I do business with just underwent an interior re-fit. And it's horrible! Pale grey-green on the walls, and a dreadful charcoal and grey tile carpet. Moreover, there's no art on the walls of the place! The branch office feels cold and sterile, much like the doctors' office, and don't we just love going there! The very nice people working at the branch informed me that it was a "corporate decision".
Of course it was.
Now, they're thinking of laying off 10,000 plus people. Might there be a connection between their lack of an aesthetic and their lack of soul and imagination which could be affecting their bottom line?
Just a thought.
Might be time to find a new bank though.
More Later
KCD
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