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Topics regarding layoffs at Bank of America
http://m.timesofindia.com/india/expedited-entry-into-us-for-indian-travellers-from-now-on/articleshow/59336272.cms In addition, in order to make life easier for these unskilled frauds, the bank can arrange limo service to greet the h1 workers at the... read more
23 years and I was terminated for bogus reasons, no severance, anyone want to talk class action?
Report H1B Visa Fraud REPORTH1BABUSE@USCIS.DHS.GOV Employers who abuse the H-1B visa program negatively affect U.S. workers, decreasing wages and job opportunities as they import more foreign workers. To further deter and detect abuse, USCIS has... read more
http://m.timesofindia.com/business/india-business/new-york-fines-infosys-1million-for-work-visa-violations/articleshow/59291339.cms 1 million is drop in the bucket. These f^*#}ing a$&-holes should be fined significantly for compensating the american... read more
I was hit last week, Band 4, out of the blue. Now a bunch of B5's were told they were being let go today. Not sure how widespread it was. But one, who was an incredible developer, was eliminated today likely because he wasn't part of the newer... read more
If you look at the /careers site -- NEW jobs are being posted daily (including today) for the very same Job Codes that were severed. Why on earth do they not just say "Hey, you're more expensive to keep so you're on the list to be severed OR you can... read more
All that money we make as a company and they still lay off people. It's not cool, it's not what this company represented, times have changed, we are all just numbers.
This whole "Where Better when Connected" is a load of crap. I currently work in GT&O in Richmond Va. as a technical resource within the new name "TSOC" as they are calling the Organization now. Currently there is this an effort by our Senior... read more
BofA will keep cutting costs. For some reason they don't mention why and by how much the revenue continues to keep declining by! Someone at the top is obviously not doing their job right! Seems to be a recursive cycle - lower revenue, fire more... read more
Bank is doing this for cost savings. Then they will hire double the amount India for twice as cheap...issue is their work always has to be redone as they are untrained. Been with the bank 30 years and I'm sure I am next. S---s always worrying about... read more
The only time I see certain managers show up in our area is to layoff people. These managers fly from out of town and stay a couple of days until they are done with layoffs. Is it necessary to have the managers present during layoffs? Can HR/security... read more
How do they lay off people? Do they give you any advance notice? I just joined the bank 2 months ago and shocked to so many people let go.
I believe a few were let go in Richmond today?
Laid off this morning with a 8 week severance pay.
Was there an employment bloodletting at Bank of America today. Did it appear to be geriatric employment gynocide?
RIF going on all over - will be hard to know exactly which areas and individuals for a few days but know of some in Charlotte and Plano, TX.
Just saying - if this is an option for you you should look into it.
Layoffs happened in Asia as well. I was let go today in HK. Not much to say, just the management like those quiet and no common sense people around. I am outspoken and guess it is the fatal mistake.
How many folks got affected and what levels. Thank you.
Does anyone feel the pain? I mean we are already at 10:1 ratio here in IT. That was bad enough. We have been losing a lot of associate domain knowledge/SMEs for existing systems over the last few years. Now we have a lot of contractors deciding to... read more
Just want to say thank you to all visitors, posters, trash talkers, trolls and others on this board. It really makes the day go much faster.
Today is only June 5 and twice since June 1 my team has been asked to verify our addresses. First, in a team meeting our manager went through a report with all of our addresses. Next, we got an email about requesting address verification supporting... read more
It's surprising that Trading Revenue is declining! Maybe when you fire and lay-off your best people that the organization doesn't function so well? The losers that are left behind are doing the kind of job that I've expected. Things will get very... read more
Show up and sign on, then go and pick up breakfast, then sit and talk with coworkers. Attend some lame meeting, then back to talking with coworkers or play with smartphone. Go out to lunch. Come back and turn TV on to watch the ball game. (yes, turn... read more
Bank of America Corp (BAC.N) second-quarter earnings will be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets, according to comments from Chief Executive Brian Moynihan on Wednesday... read more
According to unreliable sources next round willl take place 6/12-6/16
IBM Just Committed Cultural and Creative Suicide https://www.inc.com/geoffrey-james/ibm-just-committed-cultural-and-creative-suicide.html
Wondering what the plans are for the boston finance group.
God bless all mothers around the world. We would not be here without you. Happy Mother's Day!!!!
Do you think it's smart to join BAC right now given all turmoils. The stock seems to be doing well.
I hope everyone figures out what to do next and that things work out