Bank of America Layoffs

Topics regarding layoffs at Bank of America

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 

by
| 663 views | |
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 

by
| 822 views | |
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 

by
| 840 views | |
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).

by
| 968 views | |
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.

by
| 1242 views | |
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 

by
| 718 views | |
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?

by
| 3938 views | |
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 

by
| 2417 views | |
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 

by
| 1669 views | |
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 

by
| 801 views | |
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?

by
| 1494 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 

by
| 1124 views | |
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 

by
| 333 views | |
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 

by
| 896 views | |
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 

by
| 1544 views | |
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 

by
| 666 views | |
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 

by
| 1072 views | |
Post ID: @ZjeBmwx

Employee Survey Time

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

by
| 953 views | |
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?

by
| 1545 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 

by
| 1123 views | |
Post ID: @ZdfiNcl

Layoffs at end of May?

Any news of layoffs next week? If they lay people off before June 1 they are not required to pro rate any incentive bonus for 2019, is that correct?

by
| 1214 views | |
Post ID: @ZcK0qGr

I'm ready for the week ahead

I will show up to work at 9am in order to make it to the standup meeting and will lie my as$ off about the status of my story. Then I will pour some liquor in my coffee while I browse this site and post some annoying c-ap, follow by more web browsing... —  read more 

by
| 2112 views | |
Post ID: @Z86P47V

Contemplating a career move

Hello all I am currently in the process of looking for a job. I have been forwarded some interesting job openings including python developer using bank propiatory framework and Boeing 737 Max pilot. Which job would rather take? —  read more 

by
| 1010 views | |
Post ID: @YX0vsIa

Another closing

Bank of America is closing Bullhead City financial center. http://www.mohavedailynews.com/news/bank-of-america-closing-bullhead-city-branch/article_6577afb8-6bd7-11e9-abe6-db5deedfbdcb.html —  read more 

by
| 643 views | |
Post ID: @YRe7HRk

MyWork is a mess

Many that have been returned from MyWork have handshake agreements with their managers to be in office Tuesday, Wednesday and Thursday. Work from home is fine on Monday & Friday. The problem is that many of these people sit next to or nearby people... —  read more 

by
| 2790 views | |
Post ID: @YQdltOY

Badge Swipe Counts

Are employees, particularly those returning from My Work, being monitored for how often they swipe their badges?

by
| 2558 views | |
Post ID: @YLMPH2A

Layoffs next week?

People are talking layoffs will continue next week - any truth to that?

by
| 2375 views | |
Post ID: @YLulRuh

Earnings are weak and Below Expectations!

This is what you can expect when you lay-off experienced workers of all ages. The loss is compounded over time and will affect the bottom line at various points in the future. This will not affect managers' salaries and so they don't need to worry... —  read more 

by
| 1226 views | |
Post ID: @YBGse4x

It's all about getting rid of older workers

once you hit your late 40's/early 50's, you will have a target on your back if you have been there for a long time. they will replace you with a younger worker at half your salary. they have a very systematic format for age discrimination to get rid... —  read more 

by
| 2647 views | |
Post ID: @YzPtI6U

Free Money

Lots of Managing Directors in trading are getting free money. Trading revenue is estimated decline significantly. However, Bank of America still have too many trading managing directors. These MDs didn’t create enough revenue yet get paid ten times... —  read more 

by
| 910 views | |
Post ID: @YyuwssA

Start a new thread - post a news comment, question or message:

: