Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Mid / Late February Actions

I know posts about reduction rumors seem to get a lot of airtime in this echo chamber. I’m a long time employee (30+ yrs) and just not seeing the typical signs that typically precede these events. Please understand that I’m not suggesting we are... — read more 

I need desk

2bp again moving to different floors. I really need to permanent desk. Last year we move from 9th to 13th. Now I sits on 13th floor currently now I have to move on 9th floor with my team, on top of that I have reserve desk. Some of my teammates got... — read more 

21% Compensation Increase

(Reuters) Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday. That compares with Moynihan's pay of $29 million in 2023. Last... — read more 

Layoffs in Lockbox

I heard a rumor about layoffs in lockbox. Are there big changes coming or just regular headcount reduction stuff?

Never sell short your backbone

A cut on routine increase for earners 100k+ would be significant for the bank if aggressive cost cutting measures are in place. Very ignorant is the call to eliminate routine increase for those working below that in a high inflation economy. This a... — read more 

Employee at Bank of America

Boa: we are the best with charities and most just company in world and give to every charity with millions and you can match it too. Even a magazine so and so says we are the best and we had a stellar year too. Best in the industry. Responsible... — read more 

Rewarding Success = It’s just a stock buyback

It’s time for companies and analysts to stop calling stock buybacks a ‘return of capital’ to shareholders: https://www.marketwatch.com/amp/story/bank-of-america-execs-blew-93-6-billion-heres-how-they-did-it-822c5df5

0 raise means moving my $Million Account from BofA

Due to leaderships personal belief of not giving raises or cost of living increases, I will be moving my $ million dollar retirement account. I have worked hard my entire working life as a single parent to scrape this. Never in my working life did I... — read more 

New badges

We received new badges at 1 Bryant park, nyc. They have micro chips. Anyone know why ? Did any other offices get them ?

Recession

Are we heading into a recession? I've seen posts about the market going to crash and people are hoping homes will be included. I feel out of the loop what do people know.

RSU decreased

Anyone else get a 20% decrease in their RSU stock this time around? This whole thing is so frustrating and lame!

Zero hike and zero bonus

Comment if you got both hike and bonus as 0. My manager says many folks got them so me getting it is no surprise

Manager discretion in bonus

Can anyone elaborate on how much managers can influence cast bonuses? Some have suggested that it's largely out of their control. Is that in relation to the bonus pool or how the bonus pool is allocated amongst the team? Two years in a row now... — read more 

Payout ?

Those of you that have received word of bonus amounts did you get the exact date of bonus will be paid out?

HORRIFIC MERIT “INCREASE”

I have been with this company for 10 years. I have moved up the ranks. I am a top performer. I have never gotten less than a 2% raise. This year? 1.3% what in the actual world??? I have never been so insulted. I’m crying at my office desk. I asked if... — read more 

RTO

How long until we follow Chase and require 5 days in office? I am hoping leaders have enough sense that if you aren’t going to give raises hybrid is all we can give that’s meaningful.

Time for Brian to go!

It is time! Brian cannot spin this, General Flynn has acknowledged he was removed from BOFA due to being a conservative and there are lots more. If you work for BOFA you should be ashamed, because senior managers are putting us at RISK! IYKYK!

BM at Davos

Anyone else see BM get called out on stage at Davos?? WOW I've also seen him testify before Congress and he really appears to be a very weak man IMO.

Coffee badging

How is the new RFID system? Have anyone seen the new report tracking system.

RSUs for 2025

Are we getting them? Usually they are announced the day after the earnings report.

News item

Wells stock up by a lot today. (BAC too, but not as much.) I guess shady practices will be coming back in style.

RSU and Bonus

What date do our RSU vest that we can pull them out and when do our bonuses get paid out is it last week of February or March?

RTO serves as the soft layoffs

We will probably have significant headcount reductions in 2025. Maybe not as dramatic as the previous poster is claiming, but there will be a lot of layoffs and offshoring. We can expect the 5-day RTO to be implemented soon if for no other reason but... — read more 

RTO 5x/week

JPM will RTO 5x/week starting March, according to my husband as officially announced in his team. BAC may not be far behind.

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