Bank of America Layoffs

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Topics regarding layoffs at Bank of America

Same story once again

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

Earnings date: July 16 b4 mkt open

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.

Survival Strategies

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

The Sun Will Rise Again

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
by | Post ID: @TMiNmeU
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Reorganization in NJ

Has anyone heard of this? Will they be hiring/firing people in New Jersey or relocate some jobs?

Re-orgs are us

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
by | Post ID: @TMq1mqQ
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CCS / MyWork

CCS got hit this morning too - very tenured 30+ years and MyWork folks

Chicago GT&O

Anyone here? What's the impact today on Chicago GT&O - please share

Responsible Growth

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

RULE OF 60

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

Pasadena / Marengo Layoffs

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...

Badge swipes

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?

Lay offs are necessary

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

Advice if u were laid off

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

New Key Indicator to Layoffs in your area

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.

Operational Excellence

Anyone else see this as a way to reduce more staff? Currently being pitched as a way to help the business.

GTO

Besides incompetent management, crappy environment, micromanagement, bad bonuses / merit increases, Managers with no social skills, brown nosers; what's wrong with GTO?

Vpn and my work updates?

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

Does Your Manager have Alzheimers?

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

Voluntary layoffs

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 goes around comes around

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

A reminder

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

So done

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

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