Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Can we start hiring qualified people?

I'm genuinely curious why BOA keeps hiring people from the outside with no banking experience for management positions when there are so many qualified people who already work here and deserve those promotions? The lack of knowledge and knowhow from... — read more 

GTO University

Participate in the challenge that was emailed out this week. If they are looking to let anyone go, it will be those who are not actively updating their skills through GTO University. Earn a badge if you want to stay employed here. Just my opinion. — read more 

With or without severance

I’ve reached my savings goal “just in case” there is a layoff around the corner. That being said, how many here are waiting on a wave of layoffs to happen and hoping to get offered a severance before moving on vs. those who are actively looking for... — read more 

I’m not so confident

Here people write that they can hardly wait for the layoffs, which will probably be huge, because they hope to find a job soon. Of course, the skillset is very important, but I’m no longer sure it’s crucial when looking for a new job. A friend with... — read more 

PPP Work

Does anyone know when the folks who are away from the business working on PPP will be returned to their roles? It looks like more small business relief just passed congress so I am thinking our teammates will be away from their roles the rest of the... — read more 

Is everybody here alergic to change?

When's the last time you tried to change anything here? To simplify a way something is done, make it more efficient? How did that work out for you? I've been hitting a wall for the last year or so, and I'm at the point where I'm ready to throw in... — read more 

Employee Appreciation Week

Did you get your cookies yet? They are in the mail. While I know they can't satisfy everyone who decided on these overpriced cookies?

Cyber Security Defense All Hands 2021

Bank leaders... "Our people are the cornerstone of our organization..." Also bank leaders... "Your compensation this year is way down, sorry..." 18 billion dollar profit apparently just isn't enough to compensation people for their hard... — read more 

Treasury Sales Officer Position Compensation

Anyone have any idea of salary ranges for TSO I position. The recruiter of course didn't give me a range but did say there was room for negotiation once "we get there". I am internal I do think they will low-ball me and want to be prepared. I know... — read more 

Return to Office

I’ve heard some industries are returning to office as early as June 2021. After the odd ENACT messages from our market leaders reminding us that it is as important as ever to remain diligent in not spreading the virus, now I’m wondering if the... — read more 

Gbam

Is tradeplant still around ..? .we were first in secaucus nj data center even before ..they followed merrils model ...merrill network was built by guys who fell into the network technology field and they were the best ....in the 90s ....good luck to... — read more 

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Post ID: @OP+19q44V59

Well looks there... CEO comp only down 7%

Gotcha love it! People who worked their asses off in 2020 got their bonuses reduced up to 75%, if nothing all together, citing a 30% reduction in revenue from last year, 18 billion still, mind you, but they still managed to reward good old Brian w 24... — read more 

BOA WFH and Layoffs

We were told we would never WFH in our department. Even though our productivity is way up. Here in Jax, FL our building is so run down, break room can only hold a few people and not enough bathrooms on our floor. Our elevator is always having am... — read more 

BOA has no immediate plans for layoffs in 2021

All, I am a former Fleet Bank and BOA employee and still stay in touch with former BOA and Fleet employees - most who are now direct reports to Brian. I spoke to a former BOA boss last week - this guy is now a MAnaging Director and reports to Brian... — read more 

Financial center layoffs coming?

Will FCOMs go first since they restructured the pay and bonuses to push out the door to begin with? RMs before RBs? Getting a $0.05 pay raise was the slap in the face for me. Local centers getting closed left & right due to ‘Covid exposure’ yet no... — read more 

Trader Bonus

Main Street are angry now. Paying trader big bonus will hurt our public image. We need to make our Main Street clients happy.

Digital assets?

Anyone aware of BofA using blockchain and digital assets in the future

GT&O Call

Cathy B, while yes, as an individual you may have worked extremely hard in 2020 and that did not directly equate to a high end of year bonus, unfortunately that's not the way the firm is graded. So the message is, doesn't matter how hard YOU... — read more 

Who else?

How many of you made a New Year's resolution to find new jobs as soon as possible? That was the first one on my list. I think the leadership would be shocked if they learned the actual number, which I'm positive is significantly higher than the... — read more 

employee covid vaccines?

Has anyone heard whether the bank will be supplying covid vaccines? Rumor has it that there will be mass vaccination events at corporate facilities (not financial centers) – and that we will be paid to get the shot. Please share what you know. — read more 

Less Trader Bonus More Happiness

It doesn’t make sense sales & trading get paid so well yet rest of banks are struggling. Sales and Trading did well because of unsustainable market volatility not because of their merits. Trader bonus should be cut to help rest of the bank. — read more 

COVID-19 Empathy

Reading some of these posts are disheartening. Let's be thankful that we had jobs in 2020. Let's be thankful that most of us will still have jobs in 2021 and beyond. Many businesses closed for good and others are shutdown and hurting. I am sure that... — read more 

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Post ID: @OP+18RF4RKh

Layoff Announcement 2021

I'm hearing BofA leadership is getting ready to announce a first round of layoffs in late/Jan and February. I know several Tech contractors who worked in GT&O whose contract was not renewed into 2021. I'm thinking bonuses will be lowered or not... — read more 

2021 bonuses

Was told today do not expect a bonus in February. Last year and this mid year I was rated an exceeds/exceeds.

Once again, BofA is in trouble

"KPIX has learned lawmakers plan to call Bank of America on the carpet in January to question it about massive fraud involving unemployment debit cards." This should be interesting. The only thing I’m worried about is who will pay for the fallout... — read more 

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