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Topics regarding layoffs at Bank of America
From what I am seeing, once more the hardest hit group are employees in their late forties and fifties. How long are we going to allow this blatant age discrimination to continue? I don't care about the reasoning behind it, this should be and IS... read more
I think all these layoffs are an indication of meeting or exceeding earnings target. July 20 calls @ $30 = $0.50 May be a good idea to buy now and dump even b4 earnings.
Tips to avoid layoffs: Complete all training on time. Never argue with any of your co workers and never vocalize your true opinion. Always put your best effort in your work . Document everything and if you are struggling on a task seek help. Never... read more
Please share your happy stories about layoffs. Show others how everything happens for a reason and that a layoff is not the end of the world. It is sometimes just a bump on the road to happiness. My sympathies to all those impacted by layoffs. Just... read more
Has anyone heard of this? Will they be hiring/firing people in New Jersey or relocate some jobs?
If Bank of America were to spin off GTO, how many pennies would you be willing to pay for it on the OTC
Sad about those that got laid off today. Looking back over the last 15 months...I’ve had 5 managers and 4 different areas of responsibility. Got a new un-named area today..but don’t stop what you were doing before...we haven’t figured out who will be... read more
See this thread: @TLzYGv5 -- you may be better off filing for SDI
Got laid off today 6/20. Worked for GTO in Charlotte. My severance package listed 1 weeks pay for every year i've worked at the bank (21 years) and no pro-rated bonus. Paid out for 2 weeks remaining vacation too. I thought BofA subscribed to the 2... read more
Please reply to this thread with your location and how many people you are aware of that were let go today. Thank you!
CCS got hit this morning too - very tenured 30+ years and MyWork folks
Anyone here? What's the impact today on Chicago GT&O - please share
Anything else getting hit?
Layoffs all across GT&O.
What is "Responsible Growth"? Creating a culture of fear to eliminate all forms of risk creates an environment where absolutely no learning and no employee development takes place. The result is an organization that just doesn't grow at all. So... read more
I have a quick question on the RULE OF 60. Do we have anyone on this page who was through the process? If yes, do you have any details on how the calculations are done for 'Rule of 60' health care premium supplement? Please provide any additional... read more
Any changes since April update? I know 500+ will be laid off but people were promised new jobs in different locations. How are things developing...
Please post any Mortgage Tech layoff updates in this thread. BAC is not the only bank laying off right now, the overall market is not that great.
I just pretended to do work while I looked people from the corner of my eye.
I am hearing VPN monitoring will be supplemented by badge swipe monitoring - I’ve heard you must have 10 in a month in your primary work location (ie if you travel to another bac site it doesn’t count). Does anyone know if this is true?
Yes, it is a deputation concept. However, the top leadership should take a hard look around to delayer below Brian’s...come on all the work is done by Band 5s and 6s or lower. Also, why not hit those volunteer heroes that abuse the term volunteer?... read more
I was laid off last year and here are some tips I recommend to make things easier for yourself if you just got laid off Don’t get bitter, but see the layoff as an opportunity and a challenge. There is life and WORK outside of BofA. End things... read more
I was laid off from GT&O last year and now they’re interviewing me for a contract role in same organization. I’m hesitant to go back to GT&O, any advice for contracted Project Managers in this group?
Go to your local thrift store. They are likely full of Bank of America red volunteer T-shirts. These are quickly discarded by employees when layoffs occur I guess. I saw at least 20 recently. Not a leading indicator but very telling.
Time to fill out employee survey
Been wondering if June's actions will be the 13th, 20th, or 27th. One down, two to go.
Anyone else see this as a way to reduce more staff? Currently being pitched as a way to help the business.
Besides incompetent management, crappy environment, micromanagement, bad bonuses / merit increases, Managers with no social skills, brown nosers; what's wrong with GTO?
Someone I know was just told they have to be back in the office all week.they were not my work but worked from home 5 days. Flexibility there if needed for certain circumstances. Now we are hearing vpn hours and limits are different across all groups... read more
Just doing a survey on how far back managers can remember. My manager can only remember as far back yesterday and maybe the day before if I'm lucky. How far back can your manager remember? BTW, my manager's manager thinks that 2 months ago is already... read more
While not universally true, a lot of middle aged workers with many years at the bank would love to get the severance package as a bridge to early retirement or ease the transition to something new. Some managers are supportive and help that happen... read more
What's your answer?
I was laid off and am employed full time at another company. The bank has come back to me twice so far with new opportunities and they seem genuinely befuddled why I won't consider returning. They are not the only game in town and now that they have... read more
MD headcount optimization is key to BAML’s success
It was reported to TX Workforce Commission in February that there will be 87 layoffs at Amon Carter on 6/15, which is a Friday. Who knows if it's the Wednesday before (6/13) or the Wednesday after (6/20). At least you were given a heads up! We are... read more
I’m so over this company. Yes, I’m staying and hanging on for a package. Because honestly I feel like I’m owed after all the blood, sweat and b---s--- of the last 10 years. They put on a good face, send a great message about diversity...but it’s all... read more