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Topics regarding layoffs at Bank of America
Based on this article open plan offices are productivity killers https://www.inc.com/geoffrey-james/science-just-proved-that-open-plan-offices-destroy-productivity.html I am 100% in agreement with this article as I have seen how productivity... read more
I worked in a minority American department, and it was only the Americans who resigned or were laid off. Those positions were immediately backfilled with cheaper H1B employees, even though the layoffs were misleadingly termed a reduction in force... read more
Has anyone on this board ever volunteered for layoff? If so, can you please explain what your approach was? How did your ex-manager react? Is there an official process provided by HR for such requests?
It's been really quiet around here lately. Activity should start picking up in the following weeks.
Recently joined and was wondering if this company holds any type of social events/gatherings where corkers can get to know each other outside work. Previous companies I worked for always had these types of events as they realized how important it was... read more
My grandfather lived into his 90's. He passed away years ago but before we did he told me stories about his life and I was always fascinated by them. One of the topics he liked to talk about was his work as a young man. He worked in textile mills. At... read more
Most people I know have quit their job on Monday but I always wondered if it would be better to quit on Friday. Also, what would be the disadvantage of only giving a one week notice?
In response to a question on another post, Shared Services is not gone...exactly. They are keeping the Production Support teams and some of the infrastructure teams. The rest is fair game. The mystery is how the execs kept their jobs throughout this... read more
FYI.....Layoffs happening today in GTO.
Bank of America customers shut out of accounts in apparent outage: http://www.charlotteobserver.com/news/business/banking/article162513658.html
Received a bad review, that I know I did not deserve. Never had a bad one in all the years that I have been here. Guess its to get me out the door. Im ready!
re-org and possible layoffs happening under Tram CAO and Doyle CFO
Bank of America just posted higher than expected earnings for last quarter. Hopefully, this will reflect positively on the future, and they will not add more to already enough laid off people in operations and technology division. We can hope, at... read more
How does this work with respect to health insurance premiums and COBRA?
If you are severed and rehired within under 180 days you retain your continous service days, which I take to mean the day you were hired PRIOR to you getting severed. Question is once you are rehired, do you qualify for the corporate severance... read more
Anyone knows how long for the announcements of the bottom level employees? Also what is the criteria used this time to distribute the pawns to various teams? I hope the indian execs and senior vps are not taking this opportunity by playing their game... read more
Just waking up in the morning gotta thank God. I don't know but today seems kinda odd. No real issues on way to, on my way from or while at work. Saw what I wanted to see, spoke with whomever I wanted to speak and did what needed to be done. I got... read more
So our area got a communication that telecommuting would be "decommissioned". However, we were told "mileage" and "commute times" would be reviewed as exceptions, along with "other burdens". Does anyone know if there is a distance cap? what is it?... read more
A wakeup call... When I got laid off I thought it was the worst thing that happened to me. I had to learn some tough lessons, especially that it is a business and any personal feelings about the quality of work or how invaluable you thought you were... read more
BAC loves to furlough contractors. They are also know to make contracting firms reduce their rates which means hour cuts to you. I will never contract for BAC again. Be happy if they are only doing 2 weeks this time. They did 3 weekers for a number... read more
So was everybody in Pittsburgh (Allegheny Center/Nova Place) done on 7/2? Or are some in upper management still there to clean things up and benefit more financially before the lights are out for good? I was a former employee there for 10+ years... read more
Does anyone know what happens if you happen to send your severance package a day late for Bank of America severance package!? It had to be postmarked yesterday and of course it was a holiday :( I'm freaking out they won't accept it but they should... read more
How many weeks of furlough are required for contractors? Is it 2 for every contractor or are there exceptions? Do they also have to take a pay cut in addition to furlough? Also, if my rate is $74/hr and have to take 2 weeks of furlough what would my... read more
Many people speculate that the last layoff round had much to do with the upcoming earning report. Do you think now it is a good time to invest in this stocks or should I invest my $ somewhere else ?
Stay safe and keep loved ones away from fireworks.
I was laid off in the most recent reductions. B4 and had no clue. Since I've seen some opportunities to return, but just don't want to as this point. It was a difficult environment to work in and other former work associates who have moved on all, to... read more
Poor indentured servants, peasants, ..... A---ociates... (LOL) In a repeat from 2015, the top-earning CEO was Bank of America’s Brian Moynihan, who brought in $15.4 million. The biggest chunk of his compensation was a $13.7 million stock award, most... read more
What about the mechanics of the layoff? How do they do it? Do they schedule a meeting, conference call, etc...
http://m.timesofindia.com/india/expedited-entry-into-us-for-indian-travellers-from-now-on/articleshow/59336272.cms In addition, in order to make life easier for these unskilled frauds, the bank can arrange limo service to greet the h1 workers at the... read more
23 years and I was terminated for bogus reasons, no severance, anyone want to talk class action?
Report H1B Visa Fraud REPORTH1BABUSE@USCIS.DHS.GOV Employers who abuse the H-1B visa program negatively affect U.S. workers, decreasing wages and job opportunities as they import more foreign workers. To further deter and detect abuse, USCIS has... read more
http://m.timesofindia.com/business/india-business/new-york-fines-infosys-1million-for-work-visa-violations/articleshow/59291339.cms 1 million is drop in the bucket. These f^*#}ing a$&-holes should be fined significantly for compensating the american... read more
I was hit last week, Band 4, out of the blue. Now a bunch of B5's were told they were being let go today. Not sure how widespread it was. But one, who was an incredible developer, was eliminated today likely because he wasn't part of the newer... read more