19.21 - Bank of America has informed a number of USA employees that their positions have been eliminated. They have approximately 2 weeks to apply for positions within the bank. Since this just happened today, additional details are HR assistance... — read more
Topics regarding layoffs at Bank of America
Just got notice today from manager that I am being severed and a package is incoming.
Read the second page of the HIPPA release: This authorization is voluntary and you may refuse to sign it. Note: however, failure to comply with the health and safety protocols set forth in the Bank of America Global Human Resources Return to Work... — read more
Here I saw that there were people who were offered to move to a new job instead of getting severance pay. I unfortunately did not have the opportunity to choose, and I would gladly accept a transfer to a new position. I wonder if the jobs they... — read more
After bending associates over last quarter with lowball bonuses and poor year end raises, on 18 billion in profits, they manage to have a stellar first quarter. Sure seems to look like it was a ploy to sc–w the little guy. I’m sure these record... — read more
I feel like my boss is pushing my group pretty hard to get the vaccine. We are not customer facing, so unsure what the push or need for us folks to return to office so quickly, opposed to perhaps other groups. Anyone feeling this same pressure? This... — read more
Not sure how everyone else is doing, but my workload has dropped off a cliff in the past few months. I think overall, everyone feels like they are checking out. I'm sure if I continue, at some point, I'll be RIFed but that isn't bad. Looking... — read more
I had to leave because I could no longer bear the pace of work. I started to suffer from psychosomatic illnesses because the stress was huge. I got a similar job at another bank and the difference is drastic. I have to say it feels very unusual to... — read more
I almost despise those who say that they have absolutely lost interest in their job, that they barely do it and that they hate what they do here. Those same people are loudest ones when their jobs come into question. People no longer believe that the... — read more
I would love to work here. I was displaced at another company but I interviewed here before and the perks seemed generous.
Do you have problems with animosity in this company? I can say for sure that my career was ruined by my superior. He showed this unexplainable animosity for a long time. I never understood the background of such irrational hatred that didn’t stop... — read more
I heard that more layoffs in GT&O will follow. Does anyone have any details? I would like someone from GT&O who got laid off to comment on the present situation.
There have been some reductions in GT&O. I guess the phone calls have been completed and I'm still here....
Things weren't like this always but now there's no work/life balance anymore. The bank keeps cutting people and then dumping their work on those of us who're still here. i'm not even sure anymore how many jobs in addition to my own I'm doing these... — read more
Is there anyone else besides me who is not going to fill out the "I've been fully vaccinated Covid form." The link was in the Covid update e-mail I got today.
I heard a lot of restructuring is coming. There will be a lot of middle management layoffs coming. I also heard depending on the location of your branch will depend on it being closed. I have heard similar rumors, but it is not clear to me how... — read more
I'm genuinely curious why BOA keeps hiring people from the outside with no banking experience for management positions when there are so many qualified people who already work here and deserve those promotions? The lack of knowledge and knowhow from... — read more
Participate in the challenge that was emailed out this week. If they are looking to let anyone go, it will be those who are not actively updating their skills through GTO University. Earn a badge if you want to stay employed here. Just my opinion. — read more
I’ve reached my savings goal “just in case” there is a layoff around the corner. That being said, how many here are waiting on a wave of layoffs to happen and hoping to get offered a severance before moving on vs. those who are actively looking for... — read more
Here people write that they can hardly wait for the layoffs, which will probably be huge, because they hope to find a job soon. Of course, the skillset is very important, but I’m no longer sure it’s crucial when looking for a new job. A friend with... — read more
Does anyone know when the folks who are away from the business working on PPP will be returned to their roles? It looks like more small business relief just passed congress so I am thinking our teammates will be away from their roles the rest of the... — read more
When's the last time you tried to change anything here? To simplify a way something is done, make it more efficient? How did that work out for you? I've been hitting a wall for the last year or so, and I'm at the point where I'm ready to throw in... — read more
Did you get your cookies yet? They are in the mail. While I know they can't satisfy everyone who decided on these overpriced cookies?
Bank leaders... "Our people are the cornerstone of our organization..." Also bank leaders... "Your compensation this year is way down, sorry..." 18 billion dollar profit apparently just isn't enough to compensation people for their hard... — read more
Are there any new updates? I wish I had insights on how many people will be laid off.
What is the estimated pay range for a band 6 Exempt employee in Jacksonville Florida?
BAC is literally in the news for GBAM layoffs and this page sleeps. :)
Anyone have any idea of salary ranges for TSO I position. The recruiter of course didn't give me a range but did say there was room for negotiation once "we get there". I am internal I do think they will low-ball me and want to be prepared. I know... — read more
I’ve heard some industries are returning to office as early as June 2021. After the odd ENACT messages from our market leaders reminding us that it is as important as ever to remain diligent in not spreading the virus, now I’m wondering if the... — read more
does it really take months to complete the hiring process?
My boss is a women in her mid 50's in Risk. She has on multi occasions talked to me like a drunk would, slurred speech and you know just off like off, like its vino time. What do you think i should do? I kind of like my situation because she... — read more
Is tradeplant still around ..? .we were first in secaucus nj data center even before ..they followed merrils model ...merrill network was built by guys who fell into the network technology field and they were the best ....in the 90s ....good luck to... — read more
Exacerbating those frustrations, the people said, is the decision to exempt investment bankers from the vesting restrictions, seen as a golden handcuff, but enforce them for corporate bankers. Both groups are part of the same division – global... — read more
Gotcha love it! People who worked their asses off in 2020 got their bonuses reduced up to 75%, if nothing all together, citing a 30% reduction in revenue from last year, 18 billion still, mind you, but they still managed to reward good old Brian w 24... — read more
We were told we would never WFH in our department. Even though our productivity is way up. Here in Jax, FL our building is so run down, break room can only hold a few people and not enough bathrooms on our floor. Our elevator is always having am... — read more
Who in legal approved this BS? Patriot Act my a$$
All, I am a former Fleet Bank and BOA employee and still stay in touch with former BOA and Fleet employees - most who are now direct reports to Brian. I spoke to a former BOA boss last week - this guy is now a MAnaging Director and reports to Brian... — read more
Will FCOMs go first since they restructured the pay and bonuses to push out the door to begin with? RMs before RBs? Getting a $0.05 pay raise was the slap in the face for me. Local centers getting closed left & right due to ‘Covid exposure’ yet no... — read more
I give this company till year end before its out of business. No customer in their right mind would trust this bank again with their money.
Main Street are angry now. Paying trader big bonus will hurt our public image. We need to make our Main Street clients happy.