Countrywide Financial – “Didn't have to be this way.”

Pros

The merger with Bank of America should provide opportunity for those who won't be terminated. The survivors of the current financial crisis should be well positioned when things turn around. Bank of America will be one of them, and therefore should provide plenty of opportunity for everyone that sticks around. There should also be plenty of opportunity for career advancement within Bank of America after the merger. Also benefits seem to be better.

Cons

The merger with Bank of America has taken a toll on morale. Furthermore, its not the best of times to work for any Financial Services Company. Also, bigger is not always better.

Advice to Senior Management

Treat your customers and employees well, and you'll have nothing to worry about.