Bank of America Layoffs

Topics regarding layoffs at Bank of America

More Layoffs 2019

We had an impromptu team huddle to in Jax. We were told that yesterday the R A C Team in Georgia were told that effective immediately they are gone, given a package and shown the door. The jobs now are in India. So the now BOA says Merry Christmas... —  read more 

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Post ID: @12teFsQa

Another desperate attempt at attrition?

It was announced yesterday that many associates in Jacksonville will be moving from the Southside Campus to Deer Lake. Most of the people affected were recently brought back in from MyWork, so why were they not placed there to start with? To note... —  read more 

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Post ID: @12dSuRIg

Bank of America Layoffs 2020

Anyone would care to chime in with a prediction about potential Bank of America Layoffs 2020? Any news or rumors?

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Post ID: @125wE5IA

How Many Branches Does Bank of America Have?

Here is the information on Bank of America branches count - the numbers are reliable, I got them from USA Today, the source is from 2015. Bank Of America * Number of Branches: 5,096 Amount of deposits: $1.17 trillion (#1 bank in the... —  read more 

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Post ID: @11L3Qxfo

One of the worst banks to work for

The Bank of America today is indeed one of the worst banks to work for. Toss aside the usual parameters of salary, benefits, job location, etc. and focus on the Culture, the Politics and the Poisonous backstabbing environment that will eventually... —  read more 

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Post ID: @11Ab7MGb

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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| 2037 views | |
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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| 1474 views | |
Post ID: @ZyoG3p5

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