Many areas still seem seriously overstaffed. Lots of room for reduction of headcount expense. Do lower level managers have higher level managers fooled into thinking they need these bloated staffs? Low quantity and quality of work being done. Just... — read more
Topics regarding layoffs at Bank of America
Was SU responsible for the outsourcing at BOA? Think current employer is headed in that direction? Saw Tata in his history. Not at all promising.
Nobody knows when layoffs will happen, but the overall number of employees should be public info. Do you know how many people work at the company? How about the office at Charlotte?
No raise again. 15% smaller bonus. Expenses up. EPS only up due to share buybacks. Things seem shaky. Still lots of idle unproductive staff around.
From the Fox Business News: Delta employees will have more than a billion dollars to keep them warm on Valentine’s Day. The Atlanta-based airline announced it will pay each of its 90,000 employees a bonus worth about two months’ salary on Feb... — read more
No salary increase ever (been here for 3 years) $3K bonus at VP level. Being asked to work longer hours and am routinely told we are lucky to have a job. Stay away from this place...
i have heard that BOA salary increase & bonus are usually about 2k for salary raise and 2-3k bonus on average for AVP/VP level employees ... is that correct ?
The 2019 Q4 earnings were sh–. Expenses also rose 1 %. What do you think this means in terms in terms of bonuses, cost-cutting and layoffs in Q1 2020?
Go ahead, prove me wrong...
Who knows what level/ jobs will be allowed to have a mobile phone now that mymobility is going away?
It's like all the uncertainty, frustration, and stress are being amplified each month. I'm not sure how much more of it I can take. Sometimes I think that resigning and going to work at any fast food restaurant would be a better alternative to what... — read more
We had an impromptu team huddle to in Jax. We were told that yesterday the R A C Team in Georgia were told that effective immediately they are gone, given a package and shown the door. The jobs now are in India. So the now BOA says Merry Christmas... — read more
It was announced yesterday that many associates in Jacksonville will be moving from the Southside Campus to Deer Lake. Most of the people affected were recently brought back in from MyWork, so why were they not placed there to start with? To note... — read more
Anyone would care to chime in with a prediction about potential Bank of America Layoffs 2020? Any news or rumors?
Hearing more people are getting notice requiring going back into an office. Is the program ending?
Is there an agenda by BOA to start limiting workers with this survey?
Here is the information on Bank of America branches count - the numbers are reliable, I got them from USA Today, the source is from 2015. Bank Of America * Number of Branches: 5,096 Amount of deposits: $1.17 trillion (#1 bank in the... — read more
This probably doesn't belong here but hey we can share positive news too. Bank announced for 3rd year in a row, the special compensation for most compensation ranges under 350k.
What’s the update on this year’s Thanksgiving layoffs?
Bank of America bucked the Wall Street trend and made a $350 million bet on its own internal cloud — and the payoff has been striking ALEX MORRELL OCTOBER 16, 2019 This story requires our BI Prime membership. To read the full article, simply... — read more
Where are details for Rule of 70?
The Bank of America today is indeed one of the worst banks to work for. Toss aside the usual parameters of salary, benefits, job location, etc. and focus on the Culture, the Politics and the Poisonous backstabbing environment that will eventually... — read more
Lately my boss has really been pushing entering time in Workday. Not sure if something is coming from the top of the house, but it seems out of place and highly pressured. I know others on the team enter time in workday, so not sure what this push is... — read more
Around 25 people were let go today at Amon Carter, all in the same group. Anybody hear of any others, or if there's more coming?
Does anyone have reliable info on badge swipe monitoring? How many swipes do you need and is it only for your primary work location? (Ie travel doesn’t count)
Here it goes again
When one micro manages something they control every aspect of it to that point that nothing can go wrong conceivably be out of place. This is great for the manager doing the micro-managing but is it effective given the loss of any kind of freedom and... — read more
BAC latest strategy, at least in the CAO office, is to force people to quit by making life miserable. Don’t they realize only the good people will quit and everyone else will be disgruntled.
Not sure why no posts here but people are losing jobs
So are there additional layoffs coming in September amid all the hiring? And is she going down the street?
I hear there's a new survey coming out, not sure what groups this will impact. Basically, it's something for you to list what you spend your time working on daily. You need to account for 100% of your time. If this doesn't spell layoffs, I don't know... — read more
Just saw 4 escorted out.....
Big layoffs in mid-August? 4380 https://www.thelayoff.com/t/106y1Ioc Q3 Earning 2750 https://www.thelayoff.com/t/101aiuav Where are the layoffs? 2490 https://www.thelayoff.com/t/ZOd5OtB I'm ready for the week ahead 2240... — read more
i am reading that there will be cuts in September but I see many openings within GT&O? Someone please explain why is that.
BAC Salary Band - I got the info from PayScale, it's fairly accurate (source below)... Administrative Assistant - Average Salary: $55,970 - Salary Pay Range: $41k - $76k Assistant Bank Manager - Average Salary: $49,871 - Salary Pay Range: ... — read more
Do you guys young people on the floors during summer and then they join as FTE? I have been observing more and more of these young people within GT&O. What's the banks plan? I wonder why HR wants young talent given that have to be trained and are a... — read more