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?
Topics regarding layoffs at Bank of America
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
Does telecommuting make it hard to connect with other folks at the bank?
What happened to "forgive us our debts"? https://seekingalpha.com/pr/17538808-nelnet-inc-announces-commencement-consent-solicitations-certain-student-loan-securitization
Looks like US is due for another recession. How will the bank fare? Layoffs? GT&O layoffs? Certain LOBS and teams more vulnerable than others?
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
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
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!
In order to minimize severance pay, are managers incentivized to make work difficult for those employees that they want to lay off? If so, can lawsuits be brought against them for fraud or something? I think this could be a breach of employment... read more
Curious what people wrote in the free form area when they ask how can Bank of America improve.
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?
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
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?
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
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?
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
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
Are employees, particularly those returning from My Work, being monitored for how often they swipe their badges?
People are talking layoffs will continue next week - any truth to that?
The competition is watching and lovin’ it ;)
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
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
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
Just wondering if any of the younger employees see a possibility of a long term career at Bank of America or is everybody under forty here only until they can get something better? That seems to be the case for most of the new people I met, which, if... read more
Well that was a quick 10%. Enjoy your: 0.03%–0.75% annual percentage yield (APY) depending on term and balance https://www.bankofamerica.com/deposits/bank-cds/cd-accounts/
If they don’t make money, why they get paid so much?
is there another wave coming? (we know the layoffs are happening all the time but is there a big wave coming associated with the location strategy that was openly shared in reilly's organization?) he said there were just over 200 left in the program... read more
Bank of America is laying off more than 120 employees from its home loan department in Simi Valley effective later this year. The financial institution said the layoffs will occur in two phases – May 13 and Nov. 7 as it consolidates and reduces staff... read more
Older workers cost more and usually have less energy and don't always do as they are told. Since the bank does not take any calculated risks at expanding the business anymore, expertise is not really important any more and so the menial activities... read more
Can we get that playbook from someone at Wells Fargo? We kind of need it ASAP.
KEEP WORKING HARD BYTCHZ! Bank of America boosts CEO Brian Moynihan's pay 15% to $26.5 million after record profit last year BofA boosts Moynihan's pay to record $26.5 million. Bank of America awarded Chief Executive Officer Brian Moynihan a record... read more
Eliminating jobs? Are we in for a big layoff?
From what I'm seeing, majority of people who were laid off in the past several years have been over fifty. There are some younger folks in there as well (can't make age discrimination too obvious,) but it seems pretty obvious that the goal is to... read more
Could it happen this week/ layoffs?
Does anyone have a true list of sites that are considered core? And is there a date for when all are supposed to be in core sites?
I've noticed that morale (at least in my office) has gone from bad to worse. Nobody engages in friendly chatter anymore, nobody laughs or even smiles - it's like a dark cloud has settled over us with no intention of moving on. Is it just me or is... read more