Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Back to office

If I see the CEO make another comment about how we need to be in the office for spontaneous conversation around the water cooler, I will scream! In my department, if we take too long to get water or use the restroom or doing anything away from our... — read more 

Finally made the decision to leave

I've been on the fence for more than a year but I was always too scared to go through with it. Now that I was able to find a new job that (seems) better in every aspect, I'm giving in my two week's notice. I am overjoyed to leave this den of nepotism... — read more 

Any one finding the job market tougher?

I have been out of work before but not during a pandemic. I'm barely hearing back from employers when I submit job applications. If I do, it's immediate rejection. The fact that I am older probably doesn't help much, either.

Why be honest on the survey?

I don’t even know why I was honest, because I’m aware that those who are honest have always been the target of layoffs. Maybe I secretly wish for that to happen, so therefore all that honesty. I know that employee opinion will not make any... — read more 

Has the attrition rate ever been higher?

It seems to me that more people have applied for new jobs and left here than ever. What is very interesting to me is that people who have been here for a very short time are also leaving. Once upon a time this was a place where a career was built... — read more 

CyberSecurity budget…

Interesting to read BTM talk about how much the bank spends on cybersecurity cause it’s clearly not on talent retention. Being told the bank didn’t do as well as the previous year so you’re being f’d with compensation and yet continue to see the... — read more 

HR is lying to you

From the past ESAT, we were forced to follow up and say why you didn't get a position. This is painful for the overworked team and rather than have a real conversation, we're making stuff up so that it's a quicker conversation. Sorry. And yes, the... — read more 

Are the GT&O layoffs done or it's still going on?

I also used to be happy working at B of A until I got laid off. It has turned into a circus. They were never the leader - always the follower, and in most cases, dragging & lagging in technology and creativity in products. I got first hand to see... — read more 

Working at B of A is a joke.

Has anyone read the latest article? It's out for the public to read. It's titled "Eyebrows raised at Bank of America's new love for its traders."

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Strategy Insights

The model for returning will be subtle but steady. Just like how they evolved from 4 to 8 and soon 12 and 20 direct reports, the return to office will be gradual...but the intention is to "seamlessly reacclimate" workers with an in office presence. ... — read more 

Average age of SVP

Just want to get a survey on the average age of SVP in Bank of America. Appreciate your inputs.

Will you be honest in your ESAT survey?

It's entirely anonymous. Are you often honest in the comments? The questions seem very simple and leave no scope to express your thoughts but the comments is where employees can be candid in their feedback. What's your opinion ?

How long for off-cycle pay increase to process

GTO Software Engineer III, I received a promotion to Feature Lead in early January, and asked my manager about compensation and an official title adjustment due to the promotion. My manager informed me that skip-level manager submitted a request to... — read more 

Job fulfillment is an illusion

Still looking for a fulfillment from a job? Sometimes I find it ridiculous how many people expect fulfillment at work and are disappointed that they can’t achieve it. Fulfillment is an illusion and the sooner I accepted it, the better things got for... — read more 

RemotePC is being retired

Got an email from my manager that RemotePC is being retired this year. I think the bank wants everyone to be working on a bank-issued laptop. Do you think this might indicated a permanent work-from-home situation?

If your goal is to get promoted

Do only what you have to, nothing less, nothing more. If you want to climb the ladder here, you can't appear as a treat to anybody. We have so many incompetent managers that anybody who stands out represents a threat to their jobs. They're going to... — read more 

Networking Groups

So if you want to get ahead in BAC, you have to network. Here are the official list of employee networks at Bank of America: Asian Leadership Network Black Professional Group Disability Action Network Hispanic Latino Organization for... — read more 

I used to be proud to work for BofA

Now I'm ashamed. This place has completely stopped caring about its employees. All it does is bow down to the almighty dollar. It doesn't matter who will get hurt and how many loyal employees will lose their livelihood in the process. The entire ELT... — read more 

Rumors of a USAA acquisition?

I'm from USAA and I wonder if any of you know anything more about the rumors circulating that the USAA federal savings bank is to be acquired by Bank of America?

How much should we be afraid of automation?

Lately, my colleagues have often talked about automation, which will increasingly take our jobs and so on. As far as BOA is concerned, it seems to me that automation processes are going quite slow (or much slower compared to some other banks) and I... — read more 

Layoff or retirement?

Can you only get severance (the 2 weeks pay x years of service + insurance) if you are laid off? or can you get it when you retire, too? And can you ask your manager for a severance (or retirement) package?

Vaccine Status Tool

Is anyone concerned with the company requiring a HIPAA waiver to be consented when we enter our vaccination status into the companies tool? I don't have any issues with getting vaccinated, I am more so concerned with my privacy when it comes to my... — read more 

Are they trying to get people to quit?

So bumping the banks minimum wage has just caused some loyal employees to be at the bottom of the barrel on the pay scale. You have people who have been at the bank for 10+ years who came in making federal minimum wage at the time and have worked... — read more 

Hyper competitive work environment

I think a little competitiveness is always a good thing because it can be a good motivator for improving performance. However, I think that it no longer exists here and that BofA has long since become a place of disruptive and selfish competitiveness... — read more 

Can't get interested in work anymore

Every Monday gets more and more dreadful. This can't be my reality for the next x number of years. This company is stealing sanity from people and making an unintentional toxic workplace. I think they are trying to do too much, with less people. ... — read more 

Permanent branch closures

I just heard from a reliable source that branches around the country that were temporarily closed because of covid staffing issues will remain close. This is going allow the company to lower their costs and increase their bottom line.

How much has your workload increased?

I don't want to work to exhaustion anymore, and there is so much work that I would have to work non-stop to be able to finish everything. The harder I worked, the more work I got. Now I do work for 3 people, that’s for sure, and that pace has been... — read more 

Should I be worried?

Three people have left my team in the last two weeks. One of them is (was) a manager and the other two were always the friendliest with him (I'm trying hard not to use the verb that combines a color and a body part.) Could it be that something is... — read more 

This is infuriating

After decades of service I was fired (by telephone) due to “lack of confidence” - no other explanation at all. I was a B4 manager and had over 150 staff in my organization. My mid year review was E/M. My severance was $0.00 and they wiped out all my... — read more 

How much is your target

I'm very curious what everyone's departure point for BAC is. I'm 49 and feel like I have a decent networth. What net worth, location and age do others have or think is enough to quit BAC?

How brutal will the next layoffs be?

There is already a lot of talk about layoffs in June. Is there any guess or some insight as to how many people might be affected, who will be the target? I hope for the best, but I'm prepared for the worst.

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