Has anyone in the Wilmington, De office heard about a potential moving of locations being announced next month? I know this has been a longstanding rumor, just wondering if anyone had any concrete info. I saw a post the other day about the... — read more 

Any MFSA not get a salary convo this year? I haven’t yet.

The company and the shenanigans are making headlines again. https://www.entrepreneur.com/business-news/bank-of-america-threatens-employees-who-dont-return-to/468879

I joined the Bank through a development program therefore I never had a real bonus. After COVID hit, I noticed everyone's bonuses started decreasing. The amount I see now is similar to what I'm used to getting. What was considered a normal or... — read more 

Bankers Feel Sting As Their Bonuses Fall Again [Paywall]: https://www.wsj.com/finance/banking/flat-is-the-new-up-for-banker-bonuses-5a64c333 (I don't have a subscription to pull the article, but maybe someone here does. The headline rings true and... — read more 

My bonus was exactly flat to last year. Just curious how they treated y’all bonus-wise across LOBs…especially as my questions about the bonus pool are continually unanswered by my managers. I’m a Band 5 and got a meets/exceeds.

Anyone know anything about in office time tracking? Heard from a higher-up that they will soon be tracking this. Will it be measured by vpn usage and/or exit swiping? Is there a minimum daily requirement for in office hours to count towards 3 day... — read more 

Does any one know if we can view paystubs from a non BofA device the employee resource page doesn’t allow it

Do they take the drastic increase in cost of living (especially in Florida) into consideration when distributing raises? We can’t afford to live in Florida with this 1-2% raise every year because everyone moving from other States (with their CA... — read more 

https://amp.cnn.com/cnn/2024/01/22/opinions/remote-work-jobs-bergen/index.html

https://www.inc.com/sarah-ly--h/do-rto-mandates-boost-company-performance-new-research-suggests-no.html

Been a long time since we've had actual layoff news to share on this board... 20 investment bankers cut in Asia (HK, I think) on Jan. 22. Now a few more to come in US and Europe... — read more 

Welcome to the (unfortunate) 4%! https://www.inc.com/sarah-ly--h-/rto-is-dead-heres-how-small-businesses-can-win-over-employees.html

If you received a merit increase, does it equal the cut that was taken from your cash incentive? Making your 2023 compensation equal to 2022’s compensation.

Compensation talks have been brutal and it’s because this company tolerates the bloat within the ranks. You’ve got two people working at 50% capacity for one FTE’s amount of responsibilities. Start with HR. They spend dozens of millions of dollars... — read more 

Exceeds / exceeds and got 2% increase and flat bonus. All done being exceeds.

https://www.cbsnews.com/amp/news/child-care-costs-us-families-exit-workforce/

Does anyone know when we might hear about restricted stock units this year?

I worked for this cr-p place for almost 20 years. Escaped 2 years ago and it's never been better. My excuse always was "nobody pays like BAC". Not true, especially after they continue to bleed you dry for 2% increase a year....what a joke. Take... — read more 

Do you know what is the start of six-week WFO period this year? Is it Jan 2 or Jan 8 ? The reason I'm asking is because of a Letter of Education that somebody received (posted here several days ago). That previous cycle seemed to include the week... — read more 

https://www.efinancialcareers.com/news/surprise-as-bank-of-america-cuts-jobs-three-days-before-bonuses

Hmmmm, hopefully it's for good reason and the internal hiring freeze is being lifted soon

Has anybody undergone a job search process with a job search specialist? How was the process. Were they successful in identifying a role?

Had my comp convo today, anyone else? Received Exceeds/Meets, increase is 7%. Coworker on my team received a meets/meets and got 4%. Band 6 in Global Ops.

Are YE Comp Statements negotiable? Expecting a minuscule raise (if any) per usual, but has anyone ever successfully tried for more? If so, any tips?

BM bragged that employees working hybrid schedules saves the bank about 20% So that means he is aware that when we work from home, the bank is offloading the cost to employees. Whether the employees are saving money on commutes, child care etc... — read more 

Has anyone actually received a call or email for not being in the office 3 days? What happens on your "first offense"? Do they check the time the badge was swiped?

When will they share comp decisions?

Is it true?

Someone on my team received this from their manager today, thoughts? You are receiving a letter of Education for failure to follow the minimum expectation regarding your work location set by the Workplace Excellence Guidelines despite requests and... — read more 

Are people still getting redeployed to other lines of businesses? If so, where are you coming from and going to?

Last post was deleted by TheLayoff.com. Didn’t use any swear words or insult anyone. Just mentioned the political bias in the B of A organization. This website shows itself as not an open forum, so don’t get confused.

https://youtu.be/TsNODLXCowk

Are layoffs around the corner?

As expected this shiit company earnings halve from a year ago. Does this mean all the so called shiit leaders still continue to milk large bonuses and pay pennies to hard working employees? almost It’s time for year end pay for performance... — read more 

Has anyone gotten a lay off for going through a MA? Was just advised if after a couple months they cannot re-assign i will then be laid off.

Manager approached me saying HR wanted reasons as to why I wasn’t in office 3x the week of Dec 4, Dec11, and Jan 2…. I guess they really want to start enforcing this policy now…

As a company we continue to say “record breaking profits and performance” and yet again duRing YE convo it’s “we will see minimal raises and cuts to bonuses” … this is like year 4 that we are hearing this. With this trend there will be no bonus or... — read more 

What are the rules on outside employment?