New to the corporate model and wanted to know if band levels signify pay scale across multiple banks or just this one. Thanks.
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Topics regarding layoffs at Bank of America
The day has finally come and gone. I know of 7 in GT&O, including myself. Good luck to you all. No longer one foot out the door but two feet it is. Based on what I was privy to, this is the final round for this year. Rest easy. The day I get laid off... read more
According to this article, the movement of Bank of America’s European banking and markets operations are complete, and the new European base will be located in Dublin. This move came as it was announced after the regulatory and legal issues were... read more
https://www.inc.com/geoffrey-james/its-official-open-plan-offices-are-now-dumbest-management-fad-of-all-time.html Originally post: @We0zJpf-drhu
Would someone be able to help me to find out what Bank of America Band 5 Salary is?
I think I will give some of my left overs to my manager next week.
The process to corral MyWork people and return them to the office has begun in Morgan Whitacre's underwriting group, target 2019 Q2.
I understand I may be off-topic, given that the new company logo isn’t really a layoff-related subject, but I was hoping to get some opinions on this and generally on the new advertising campaign that the company is going to start. What do you make... read more
Be warned....meets/meets performers are in for a total comp reduction for 2019. Year end $1k is just a smoke screen
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What are the chances we are safe until after the holidays?
Managers who were laying off American workers (Reduction in Force) while simultaneously lying under oath on H1-B applications saying there were not American workers for those jobs be criminally prosecuted for fraud/perjury? Maybe we should criminally... read more
I have heard that there is another action being taken on November 26. I don't know if this is another my work call in or if it's a round of severance ....does anybody have insight? Timing for severance would be in line with years past although I've... read more
What is current # of weeks severance per year of service? Does it vary by org or job type?
In an internal memo that was sent to the employees, the leadership stated that many workers that annually earn 100K or less will be rewarded with a $1000 cash bonus and the employes that are making more than 100K per year will be rewarded by 200-500... read more
Every one in gto esp gbam is frustrated with the incompetent people in sdm program. Many in sdm are just dummy project managers who dont understand changing technology landscape. The actual technical development is outsourced and no one knows to... read more
And front office managing directors going to take credit for things they didn’t do! If your boss are bad MDs, all your hard work won’t be recognized because MDs will take all credits!
When you have too many managing directors in a team, it’s like house of cards - every MD trying to gamble for his own interest not team’s interest. Solution? Lay off more managing directors!!!
What's the best department to be micromanaged? Micro by incompetent management is even better. Please help!
More MDs more inefficiencies. Please promote less MDs and let go more MDs MDs redundancies just like cancer
Anyone successfully collect Texas unemployment benefits while receiving severance?
Rates will go up, profits will go up
Will there be any Bank of America Layoffs in 2019?
Please help if possible - anyone here who might help me to find out what Bank of America Band 5 Salary is? Any info is greatly appreciated.
Does anyone know where and how they are doing badge swipe monitoring? What locations and what are the parameters to be flagged on a list?
As goes the housing market, so goes the economy. BoA will see more and more layoffs and they won't be isolated to mortgage origination or lending departments... read more
BAC posted the best earnings in company history today! There are people on my team who equate this to HUGE bonuses! Yeah, right. I guess it is nice to dream.
I wonder if the global offices have as much drama/layoffs/vpn issues as the offices in the US. I know the laws in many European countries are much stricter when it comes to layoffs. How about Asia? Do you guys experience the same c-ap your fellow... read more
BAML equities have too many MDs. Some MD here are doing nothing! All because head of equities in favor of his old fellow! Need more HR listening! Fire MDs who receive low employee satisficafion score please!
All my team is in florida and i am only one in texas. So i work from home 3 days a week. Some one mentioned about a 70 hour vpn usage per month policy after which manager gets notified. How to measure how much wfh one can do?
And there is not a peep in the media. Nobody cares any more. Time to move on.
What's your prediction for 2019, given the macroeconomic trends and the overall push to cut costs? Layoffs or massive layoffs? Reorg in 2019? Again?
remember the employee satisficaton survey in June? It’s useless. Nobody care what you said. There is one front office trading managing director, received very low score. Nothing happen to him at all! Because he is friend of head of equities!!!