How many of you made a New Year's resolution to find new jobs as soon as possible? That was the first one on my list. I think the leadership would be shocked if they learned the actual number, which I'm positive is significantly higher than the... — read more
Topics regarding layoffs at Bank of America
Curious if anyone is aware of the date managers begin disclosing pay increases and/or bonuses.
Has anyone heard whether the bank will be supplying covid vaccines? Rumor has it that there will be mass vaccination events at corporate facilities (not financial centers) – and that we will be paid to get the shot. Please share what you know. — read more
It doesn’t make sense sales & trading get paid so well yet rest of banks are struggling. Sales and Trading did well because of unsustainable market volatility not because of their merits. Trader bonus should be cut to help rest of the bank. — read more
This place has made many bad decisions including : Creating their own cloud Co-locating Quartz But none worst than merging the Thundercats and the Raptors
Reading some of these posts are disheartening. Let's be thankful that we had jobs in 2020. Let's be thankful that most of us will still have jobs in 2021 and beyond. Many businesses closed for good and others are shutdown and hurting. I am sure that... — read more
I'm hearing BofA leadership is getting ready to announce a first round of layoffs in late/Jan and February. I know several Tech contractors who worked in GT&O whose contract was not renewed into 2021. I'm thinking bonuses will be lowered or not... — read more
My department’s management decided not to count the 2nd half of the year because we weren’t all doing our regular function so couldn’t get a proper report, like they couldn’t grade us without the help of a report
Was told by a co-worker, leaders in GTS, have rejected all GTS functional title promotions.
This place has turned for the worst this last year. 2021 is the year to get out of this place.
Was told today do not expect a bonus in February. Last year and this mid year I was rated an exceeds/exceeds.
Credible source confirms: substantial layoffs coming throughout 2021
I heard from a credible source that branch locations will be set up with virtual banking. Customers will be doing banking virtually at branch locations instead of having a full staff. ___________ Are there any more details on this? If I hadn’t... — read more
"KPIX has learned lawmakers plan to call Bank of America on the carpet in January to question it about massive fraud involving unemployment debit cards." This should be interesting. The only thing I’m worried about is who will pay for the fallout... — read more
They don’t care about how much work you do or how productive you are because they don’t directly see it at the employee level. Productivity measurement is what has been filtered through half-a-dozen layers of management, metrics, and surveys. They... — read more
won’t Cathy Bessant understand that holding onto this antiquated idea of co-location is outdated and unnecessarily expensive for the company? How much money would we save if we seriously looked at location leases where resources could work from... — read more
My team moved off a project at Bank of America a few months back. However i have contacts at other consulting firm engaged there. Everything points to some massive layoffs starting in late Q2. It seems like the technology budget is healthy or... — read more
Several weeks ago all of my team mates in GTO got an email from Sandy asking us to update our shipping address because SLT wanted to send us a “really nice” gift to thank us for our contributions during an extraordinary year. We all thought it was... — read more
Anyone have any insight if the bank is giving the 1000 bonus to everyone again?
What is the base salary range and bonus % expectation for a Band 5 role in Global Technology and Operations in Charlotte.
big laugh for me this morning as pre meeting elevator music was actually symphony version of 'I'll Be Watching You'......HAHAHHAHAHAHAHA.... '.... every step you take...move you make...breath you take.....' something like that....
Hey, so I have an opportunity for WAH in the credit card fraud area. Is anyone here in this department? Can you fill me in on the type of day I can expect? They claim it will always be wah even after the pandemic is over. (whenever that will be)... — read more
Am hearing bonuses will be cut "significantly", especially for support (staff/non-revenue) units. Not surprising, but wondered if anyone is hearing by what percent?
Do you predict that there will be Bank of America Layoffs 2021? Any news or rumors?
When your boss or bosses (at bank of america there are numerous bosses for each person) calls you in for your performance assessment meeting, here are some tips: 1) when they say your performance is "just" not up to standard. Your response should... — read more
I want to see if we can get a collection of group names - Google will pick up this message and then more people can find this thread when they search for the name of the group and 'layoffs'
Expect layoffs in 2021. Be prepare!
There are some rumours and speculations that there will be big layoffs at the beginning of next year. I have already seen something about this on one of these threads and they say that middle management will be the most affected. Are there any more... — read more
Anyone know what a typical range is? Looking at Charlotte specifically. VP level. Is $125-130k possible? That's the market point Wells has for similar roles in Charlotte (senior consultant types of roles). Also, any target %s for bonuses? — read more
Hey how’s CB?
BofA made billions in profits yet the company couldn’t see their way to letting us keep the enhanced pay until our country was back to business as usual as a whole. Why am I not surprised?... — read more
Looks like Wells Fargo is having major layoffs today. How long before we follow?
Does anyone know what's the deal with the extra bwt officers that came from merchant services?. Are their jobs permant or temporary?...if it's temporary how long does boa keep temporary employees around?
Bank of America Corp.’s profit fell 16% in the third quarter, though the bank indicated that it is well prepared to weather the coronavirus recession.
Is it still kind of a mess?
Global markets is having a good year. But that’s not due to their merit but market condition. Such kind of market volatility won’t last. Bank shouldn’t over compensate market and need to help commercial banking this year.
I’m was offered to switch from MyMobility to Corp Mobility with MyMobility going away at the end of the month. Not excited about two phones, but beats having no option. But when I looked at the phone options, the only available iPhone is a butt ugly... — read more
I am currently in band 5 making 115K base and 15k in bonus. I am planning to move to a Senior role in band 4. I know I got the position but Waiting to hear from HR. How much salary increase can I expect and where should I start the negotiations... — read more