Bank of America Layoffs

Topics regarding layoffs at Bank of America

vpn report

anyone aware of what the vpn report that goes to managers shows? how detailed is it? does it go to all managers and show all employees, or just abusers?

Buying and selling other people's lives

What happened to "forgive us our debts"? https://seekingalpha.com/pr/17538808-nelnet-inc-announces-commencement-consent-solicitations-certain-student-loan-securitization
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Post ID: @ZuPhvab

Sad, but true

Some managers tend to be intimidated by competent, productive employees, viewing them as a threat. Any employees with brains and skill can have a target on their back. There is rampant but subtle age discrimination once you hit your late 40s, early... read more
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Post ID: @ZqppDrh

Bank of America Band Salary Numbers

We get questions about salary levels for different bands at Bank of America all the time. This board is littered with similar questions (there is one below) and there is a ton of posts on this on Glassdoor and Payscale website. Here are some examples... read more

Bank of America Band 6 Salary

Please let me know more about Bank of America Band 6 Salary - what are the ranges and are there any differences based on: location level of education work experience Thank you!

BofA Branch Closing List (2019)

My list, about 20 branches that closed - add more if you know about a BofA location that closed but is not listed. The list is not complete, I am sure there many more branches that should be added. The old closure thread went nowhere @EWvbdFX (AZ)... read more

Severance?

Is there a cap on severance if you worked at BofA for say, 30 or 35 years? Or do they just make you miserable so leave on your own (or make up a "cause" to terminate) to avoid paying these days?

So, who'll do the work?

Layoffs are never ending, people are leaving this place in droves on their own, new hires are occasional at best... If it continues like this, who'll be doing the actual work? For now, leadership is only seeing the positive side of this as... read more

Layoffs at end of May?

Any news of layoffs next week? If they lay people off before June 1 they are not required to pro rate any incentive bonus for 2019, is that correct?

I'm ready for the week ahead

I will show up to work at 9am in order to make it to the standup meeting and will lie my as$ off about the status of my story. Then I will pour some liquor in my coffee while I browse this site and post some annoying c-ap, follow by more web browsing... read more

Contemplating a career move

Hello all I am currently in the process of looking for a job. I have been forwarded some interesting job openings including python developer using bank propiatory framework and Boeing 737 Max pilot. Which job would rather take?

Another closing

Bank of America is closing Bullhead City financial center. http://www.mohavedailynews.com/news/bank-of-america-closing-bullhead-city-branch/article_6577afb8-6bd7-11e9-abe6-db5deedfbdcb.html

MyWork is a mess

Many that have been returned from MyWork have handshake agreements with their managers to be in office Tuesday, Wednesday and Thursday. Work from home is fine on Monday & Friday. The problem is that many of these people sit next to or nearby people... read more

Badge Swipe Counts

Are employees, particularly those returning from My Work, being monitored for how often they swipe their badges?

Earnings are weak and Below Expectations!

This is what you can expect when you lay-off experienced workers of all ages. The loss is compounded over time and will affect the bottom line at various points in the future. This will not affect managers' salaries and so they don't need to worry... read more

It's all about getting rid of older workers

once you hit your late 40's/early 50's, you will have a target on your back if you have been there for a long time. they will replace you with a younger worker at half your salary. they have a very systematic format for age discrimination to get rid... read more

Free Money

Lots of Managing Directors in trading are getting free money. Trading revenue is estimated decline significantly. However, Bank of America still have too many trading managing directors. These MDs didn’t create enough revenue yet get paid ten times... read more

Do you see a future at BoA?

Just wondering if any of the younger employees see a possibility of a long term career at Bank of America or is everybody under forty here only until they can get something better? That seems to be the case for most of the new people I met, which, if... read more

$$$ The boring way

Well that was a quick 10%. Enjoy your: 0.03%–0.75% annual percentage yield (APY) depending on term and balance https://www.bankofamerica.com/deposits/bank-cds/cd-accounts/

when is the next layoff for remote workers?

is there another wave coming? (we know the layoffs are happening all the time but is there a big wave coming associated with the location strategy that was openly shared in reilly's organization?) he said there were just over 200 left in the program... read more

Expertise is not important anymore

Older workers cost more and usually have less energy and don't always do as they are told. Since the bank does not take any calculated risks at expanding the business anymore, expertise is not really important any more and so the menial activities... read more

Older employees at more risk

From what I'm seeing, majority of people who were laid off in the past several years have been over fifty. There are some younger folks in there as well (can't make age discrimination too obvious,) but it seems pretty obvious that the goal is to... read more

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