Bank of America Layoffs

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Topics regarding layoffs at Bank of America

Load of Cathy's BS along with her Circus Leaders

What a load of BS... Good to know Cathy and her circus leaders have this whole thing under control... I can't leave this place fast enough! http://www.charlotteobserver.com/news/business/banking/article176142261.html

Layoff Decision Process

I got laid off in 6/2017 and I would like to know what the process is on how selection is made for choosing staff to get laid off within the department. Looking for answers from persons who may know about the process directly. Is it the direct... read more

BofA Paid me twice....

I just got Laid off from Bank of America (9/2017, after 25 years). I received my severance as stated, but now they say that due to "Late submission/Processing of Separation Information", they duplicated a paycheck, basically a double pay for unused... read more

Severance

Beware that your payroll is all In order . I got my severance signed the agreement to not sue thn got a year audit on my payroll . Day laid off I get a bill for over $6k saying ooops we audited you just now and you owe due to payroll mistakes since... read more

Ezlink phone

An distant relative works for the bank in a different department than I do. We are both in the mywork program. She has something called an Ezlink phone. I have no idea what this is. However, she told me they just refreshed her equipment, she got a... read more

Fined by UK

https://www.bloomberg.com/news/articles/2017-10-23/merrill-lynch-fined-45-million-by-u-k-for-failing-to-report-transactions

Technology Analyst(Software Engineers) layoffs

Does the Bank layoff software engineers or just other IT people? I mean the software engineers automate tasks which lead to other layoffs so... How can the bank hire and layoff people in the same time span?

Year-end bonus and voluntarily resigning

I am considering leaving the bank voluntarily and expect to receive a job offer from another company within the next few months. What is the cutoff for receiving the year-end bonus and 2% annual company contribution if I resign? Do I have to be an... read more

401K Loan, Layoff and Distrobution

Question to all, I got laid off in 6/2017, I know about penalty on loans that existing, however, can I make an early distrobution from my 401K in calendar year 2018? I know about the penalties and tax implications, however, is there anything that... read more

Sandcastle

Today my colleague and I decided to build sandcastles. In order to meet my colleague, I flew my Gulfstream G650 all the way to the beach where my colleague and his roommates rent a small apartment. Since I have many resources I paid top dollars to... read more

Blue Cross or Aetna is better?

Now when the insurance enrollment had started I have to pick an insurance company again to fit me and my kids and husband's needs.I've always had Aetna PPO.I know its more than BCBS,but I think its because its better.Can anyone advise if its worth... read more

Charlotte Commute From Hell

Who else has a Charlotte commute from hell? 70 minutes to go 18 miles this morning. Wake up bank execs - your employees are miserable! Maybe that's how you want it to be!

Good bank!

As an Bank of America employee I can see that this bank has good working environment for all - employees and clients too. Thanks him for that! (https://boalocations.com)

18 months severance???

I was told that the associates laid off yesterday were given 18 months severance, no matter how long their tenure. Could they be pulling my leg?

Drunk & Feeling creative

My goal for the night was to get drunk and troll this site all night but half way through my bottle of alcohol I stopped and thought why not do something more productive with my time and start something I enjoy? I know I like to learn new things... read more

This is a very sad moment folks

After many years working in IT I was let go recently. First time being let go during my career and having always been dedicated to my job, always wearing the company shirt. This is a very sad moment folks. Hope you don't go through this. It is hard... read more

Why stay?

I wonder why people stay in this company when there is a constant threat of layoffs.

New hires impacted by this?

Were any new FTE's (straight out of college hires) impacted by this? Any H1B's impacted as well (full time employees) not contractors?

What are the Hubs now?

With all the layoffs and "hub consolidations" what are the cities that host hub sites now? What if you work in a state with a Hub site but are miles away (50) and currently my work? There is nobody else on my team or in my role at this Hub location... read more

Possible Thursday (9/28) layoffs at AT&T

I was warned that something big was happening on Thursday but I was not impacted. I will not feel secure until 1pm tomorrow (there are always surprises). However from what I can tell this is a continuation of hub consolidation. If you are a mywork... read more

Latest Bank of America layoffs

Do we know who was affected by this weeks layoffs? Which locations, which departments? I see people mentioning large groups of people that were let go, but very few details are given. My wife works in IT, so I'd like to know if we should be stressing... read more

Another sad day at BAC

Another day where we will only find out what happened to our friends and coworkers as their email comes back unread or undeliverable. Thoughts and prayers to those families affected by today's layoffs

Important info for those who were laid off

FYI - when you are "released" from the bank you will receive a package that provides an estimation of severance along with legal documents, If your line of business has decided to pay you for 2 weeks of pay that will be denoted within the high level... read more

And so it continues (Sept 2017 Cuts)

More cuts in Cathy’s group – we’ll see how things pan out on the tech side and what groups will be affected the most– they (Cathy & Co.) are playing it down but this one will likely be a fairly big one. Anyhow, hey are hitting the mortgage side again... read more

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