Bank of America Layoffs

Topics regarding layoffs at Bank of America

Time Tracking

Lately my boss has really been pushing entering time in Workday. Not sure if something is coming from the top of the house, but it seems out of place and highly pressured. I know others on the team enter time in workday, so not sure what this push is... —  read more 

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Post ID: @11jktQYN

Layoffs

Around 25 people were let go today at Amon Carter, all in the same group. Anybody hear of any others, or if there's more coming?

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Post ID: @11iyQxHA

Badge swipes

Does anyone have reliable info on badge swipe monitoring? How many swipes do you need and is it only for your primary work location? (Ie travel doesn’t count)

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Post ID: @11hq4pTf

Is Micro Managament a form of Risk Control?

When one micro manages something they control every aspect of it to that point that nothing can go wrong conceivably be out of place. This is great for the manager doing the micro-managing but is it effective given the loss of any kind of freedom and... —  read more 

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Post ID: @118j7fv4

Unforced attrition

BAC latest strategy, at least in the CAO office, is to force people to quit by making life miserable. Don’t they realize only the good people will quit and everyone else will be disgruntled.

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Post ID: @116gi5bl

So Now What?

So are there additional layoffs coming in September amid all the hiring? And is she going down the street?

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Post ID: @10XovEgl

Activity Based Costing Survey

I hear there's a new survey coming out, not sure what groups this will impact. Basically, it's something for you to list what you spend your time working on daily. You need to account for 100% of your time. If this doesn't spell layoffs, I don't know... —  read more 

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Post ID: @10Swph2n

Top Hit in Summer

Big layoffs in mid-August? 4380 https://www.thelayoff.com/t/106y1Ioc Q3 Earning 2750 https://www.thelayoff.com/t/101aiuav Where are the layoffs? 2490 https://www.thelayoff.com/t/ZOd5OtB I'm ready for the week ahead 2240... —  read more 

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Post ID: @10MgSISs

BAC Salary Band

BAC Salary Band - I got the info from PayScale, it's fairly accurate (source below)... Administrative Assistant - Average Salary: $55,970 - Salary Pay Range: $41k - $76k Assistant Bank Manager - Average Salary: $49,871 - Salary Pay Range: ... —  read more 

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Post ID: @10vPV0ls

Banking Layoffs and BOFA

I think we mostly lay people off on the tech side. If you look at other companies, #BankingLayoffs are wide spread but they hit mostly business folks. We hit mostly the back office functions and not the business side that much. If you look at... —  read more 

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Post ID: @10r8vXvx

Young blood within GT&O

Do you guys young people on the floors during summer and then they join as FTE? I have been observing more and more of these young people within GT&O. What's the banks plan? I wonder why HR wants young talent given that have to be trained and are a... —  read more 

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Post ID: @10o1SQxW

Shadow MyWork

A friend of mine who works in GT&O said BofA will start looking into these folks who are not on MyWork program but work from home on a semi-regular basis (1x or so/week).

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Post ID: @10mS6OZp

6 percent wage increase for those under 75k??

Anyone watch the CNBC mad money video on flagscape? Moynihan said he has been giving 6% wage increases over the last few years and each year to those making under 75k. Really? My people under 75k did not receive that! Lucky if they got 1 percent.

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Post ID: @107cUdg1

What is “Responsible Growth”?

When BAML says we are focused on responsible growth, does it mean: A) finding new industries and sectors to make appropriate loans and offer banking services; B) Moynihan’s way to push his political agenda onto BAML and the American public; C)... —  read more 

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Post ID: @107PMz7r

Big layoffs in mid-August?

A consistently reliable source tells me that big layoffs happening in mid-August. No other info available. Can anybody shed more light on this?

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Post ID: @106y1Ioc

Q3 Earning

If trading revenue down again, shouldn’t bank lay off more Trading Managing Directors? Shouldn’t traders hold accountable for their P&L? Shouldn’t those expensive trading MDs who don’t make money be fired? Back when trading make money, only traders... —  read more 

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Post ID: @101aiuav

Bank of America Band 5 Salary

Would someone on this board be able to help me figure out what Bank of America Band 5 salary is? I know that BAC has salary ranges for different bands and I was able to find info on Band 6 but no info on Band 5. So, please provide info on Bank of... —  read more 

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Post ID: @ZQppmlG

Can I contract at BofA while on severance?

My severance ends in August. I’m being recruited for several contractor positions at B of A. Here are the questions I have: 1- Will B of A hire me through a staffing firm as a displaced associate? 2- If I accept the position, does my severance end? —  read more 

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Post ID: @ZIXyBgV

vpn report

anyone aware of what the vpn report that goes to managers shows? how detailed is it? does it go to all managers and show all employees, or just abusers?

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Post ID: @ZDPN8aQ

Being able to work from home increases productivity

I have better relationships with my peers working from home then being in the office. Plus, 99% of my contacts work in other states. Having the ability to work from home at least 2x a week will increase productivity amongst associates. The bank... —  read more 

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Post ID: @ZyoG3p5

Buying and selling other people's lives

What happened to "forgive us our debts"? https://seekingalpha.com/pr/17538808-nelnet-inc-announces-commencement-consent-solicitations-certain-student-loan-securitization —  read more 

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Post ID: @ZuPhvab

Sad, but true

Some managers tend to be intimidated by competent, productive employees, viewing them as a threat. Any employees with brains and skill can have a target on their back. There is rampant but subtle age discrimination once you hit your late 40s, early... —  read more 

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Post ID: @ZqppDrh

Bank of America Band Salary Numbers

We get questions about salary levels for different bands at Bank of America all the time. This board is littered with similar questions (there is one below) and there is a ton of posts on this on Glassdoor and Payscale website. Here are some examples... —  read more 

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Post ID: @ZnPwkIQ

Bank of America Band 6 Salary

Please let me know more about Bank of America Band 6 Salary - what are the ranges and are there any differences based on: location level of education work experience Thank you! —  read more 

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Post ID: @Znm4aap

BofA Branch Closing List (2019)

My list, about 20 branches that closed - add more if you know about a BofA location that closed but is not listed. The list is not complete, I am sure there many more branches that should be added. The old closure thread went nowhere @EWvbdFX (AZ)... —  read more 

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Post ID: @ZjeBmwx

Employee Survey Time

Curious what people wrote in the free form area when they ask how can Bank of America improve.

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Post ID: @ZjBtfgD

Severance?

Is there a cap on severance if you worked at BofA for say, 30 or 35 years? Or do they just make you miserable so leave on your own (or make up a "cause" to terminate) to avoid paying these days?

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| 1815 views | |
Post ID: @ZeZCQy7

So, who'll do the work?

Layoffs are never ending, people are leaving this place in droves on their own, new hires are occasional at best... If it continues like this, who'll be doing the actual work? For now, leadership is only seeing the positive side of this as... —  read more 

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| 1305 views | |
Post ID: @ZdfiNcl

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