Advances in artificial intelligence and automation could replace as many as half the nation’s financial services workers over the next decade, industry experts say, but it’s going to take a big investment to make that happen... read more
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Topics regarding layoffs at Bank of America
Once again four twenty is upon us. I will take a break and come back lost. May have some brownies and cookies for fun. Hope when I get back I can do work. To all the fun people out there enjoy and have fun. If you tell me your plan I may even join... read more
04/23 is being talked about - but it's a Monday - and Albany won't care - but... if Monday comes and goes... then what about June 1... people hearing that one?
Legitimate question for anyone who has been laid off especially or anyone that knows. Did you experience anying odd that could have potentially been a sign you were about to get laid off in the days or weeks prior? Things like all of the sudden... read more
I wonder when they will finally get rid of that CRM role!Its getting to the point that management is so paranoid about stats and reports that the pressure of being on the phones and taking calls is getting unbarable!They keep letting go people,not... read more
Can’t just promote people to MD then let them be MD forever. If a team with lots of headcount, perform poorly, MD should take responsibility. If a MD cannot efficiently manage the team (minimize turnover) and make money,then he should be out... read more
Made you look! Have a good weekend. . . Except in Albany.
Being MD at Global Equity is all about nepotism.
https://www.msn.com/en-us/money/companies/big-banks-find-a-back-door-to-finance-subprime-loans/ar-AAvHQzc?ocid=spartanntp A Bank of America spokesman said that the bank limits its subprime exposure in line with its approach to responsible growth.
So I was laid off in June, and found another job a month later. I am going to do my taxes in 2 - 3 days, and I realised that B of A has not given me my W-2. Which number do I call for W-2?
Just wondering if any of those who are quick to say "leave if you are not happy" have any suggestions on where to go? Considering that the situation in banking sector is awful as it is (just take a look at Wells Fargo page on this forum,) please do... read more
Less MDs please! You can’t have MDs do not make money yet still get paid well! Some MDs get away from layoff just because they have close relationship with head of trading!
Anyone know about this? Apparently it’s going to a big one and I have no idea what to look forward to
The culmination of another good week. How will you celebrate?
There were several people laid off last week and rumor has it that there is more coming 4/23. Anybody hear that we're "safe" until then or should we be prepared today?
Friday is finally here and I'm going to...
I know IBM is not a bank, but take the time to read this article and you will see that all industries are the same. This is pretty much exactly what we have been saying for years that Bank of America has been doing to its employees... read more
I see a lot of comments on here about mywork. These are two true stories that are not connected with either GTO or CFO orgs, but instead Consumer Banking. Two different people I know, one well the other acquaintance posted for jobs recently one in... read more
http://money.cnn.com/2018/03/23/investing/bank-of-america-settlement-ny-attorney-general/index.html The bank admitted on Friday to "systematically misleading clients" between 2008 and 2013 about how orders were handled for more than 4 billion shares... read more
Doesn't matter how good you are with your work, there is always a layoff. These guys don't have brain to improve the culture. Most of the places favorism is a common practice. A bank with false narrative and management is a complete mess.
In particular, don’t cut global markets technology! Technology are automating lots of things that can save bank money! Redundancies are in front office! Rank revenues by team or headcount, and cut front office team (aka business people) that don’t... read more
Hardly anyone has noticed, but they should. Stock markets around the world are all falling.
All CFO associates who are still on myWork will be severed. myWork employees in hub cities have already been called back to the office so they are safe for now. Should rename this place Bank of Charlotte for its limited location strategy
Bessant is the focus here. Ruthless cuts as usual. It will continue throughout the year. [email protected]
Bank of America CEO Brian Moynihan’s 2017 compensation was 250 times more than the total pay of the bank’s median employee, according to the company’s proxy filing. Public companies such as Charlotte-based Bank of America for the first time are... read more
I understand more about our business processes (inefficiencies) from drinking than from actually working with them.
Anybody hearing about mass layoffs in GT&O in March or April. I am hearing about reductions of 50+ 100+ people in each application area. Well, the money for the $1000 bonus had to come from somewhere, right? Also, the Agile horsecrap will probably be... read more
over the last two weeks, managers have been having the talk with the few remaining MyWork employees: come back into the office or quit. Anyone else have that chat recently?
Eyebrows were raised when Zaimi hired her brother, Alireza, in 2014 (he left for Saudi Arabia’s sovereign wealth fund last October). In turn, Gallo has been accused of favouring colleagues he’s hired-in from Morgan Stanley. Source: “Inside the cult... read more
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What is a good age to start thinking about leaving your career in the tech field and transitioning into a more reliable and less stressful field? What field would you choose? Why?
Anybody here has any experience with Bank of America HR? Is it safe to go to them with an issue about my manager?
BAML Global Markets is hiring because people are leaving. Perhaps they should think whether or not that team is overstaffed. Do they really need that many of headcount? People are leaving because they are disappointed about money. If a manager can’t... read more
Latest Bank of America (known) casualties are in Belfast - 30 employees were let go off at the end of the last month. Stay tuned for more, I'm sure... The impacted workers were in a small group that handled calls from financial centers that needed... read more