Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

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 

Recruiting top talents - before, now, in the future?

They don’t care about how much work you do or how productive you are because they don’t directly see it at the employee level. Productivity measurement is what has been filtered through half-a-dozen layers of management, metrics, and surveys. They... — read more 

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Post ID: @OP+18qeAV9z

Why?

won’t Cathy Bessant understand that holding onto this antiquated idea of co-location is outdated and unnecessarily expensive for the company? How much money would we save if we seriously looked at location leases where resources could work from... — read more 

Outside Consultant

My team moved off a project at Bank of America a few months back. However i have contacts at other consulting firm engaged there. Everything points to some massive layoffs starting in late Q2. It seems like the technology budget is healthy or... — read more 

Thanks but no thanks

Several weeks ago all of my team mates in GTO got an email from Sandy asking us to update our shipping address because SLT wanted to send us a “really nice” gift to thank us for our contributions during an extraordinary year. We all thought it was... — read more 

EOY bonus

Anyone have any insight if the bank is giving the 1000 bonus to everyone again?

Band 5 Comp

What is the base salary range and bonus % expectation for a Band 5 role in Global Technology and Operations in Charlotte.

CB town hall

big laugh for me this morning as pre meeting elevator music was actually symphony version of 'I'll Be Watching You'......HAHAHHAHAHAHAHA.... '.... every step you take...move you make...breath you take.....' something like that....

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Post ID: @OP+18eNWjFP

Credit Card Fraud Call Center

Hey, so I have an opportunity for WAH in the credit card fraud area. Is anyone here in this department? Can you fill me in on the type of day I can expect? They claim it will always be wah even after the pandemic is over. (whenever that will be)... — read more 

Bonus cuts?

Am hearing bonuses will be cut "significantly", especially for support (staff/non-revenue) units. Not surprising, but wondered if anyone is hearing by what percent?

Performance Reviews - New Mainstream Media Style

When your boss or bosses (at bank of america there are numerous bosses for each person) calls you in for your performance assessment meeting, here are some tips: 1) when they say your performance is "just" not up to standard. Your response should... — read more 

Reply with a name of your group

I want to see if we can get a collection of group names - Google will pick up this message and then more people can find this thread when they search for the name of the group and 'layoffs'

Who will get cut?

There are some rumours and speculations that there will be big layoffs at the beginning of next year. I have already seen something about this on one of these threads and they say that middle management will be the most affected. Are there any more... — read more 

B5 comp for CFO Group/Risk

Anyone know what a typical range is? Looking at Charlotte specifically. VP level. Is $125-130k possible? That's the market point Wells has for similar roles in Charlotte (senior consultant types of roles). Also, any target %s for bonuses? — read more 

Hazard pay gone

BofA made billions in profits yet the company couldn’t see their way to letting us keep the enhanced pay until our country was back to business as usual as a whole. Why am I not surprised?... — read more 

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Post ID: @OP+17KDCJrF

Are we next?

Looks like Wells Fargo is having major layoffs today. How long before we follow?

Bank of america

Does anyone know what's the deal with the extra bwt officers that came from merchant services?. Are their jobs permant or temporary?...if it's temporary how long does boa keep temporary employees around?

Stock fell 16%

Bank of America Corp.’s profit fell 16% in the third quarter, though the bank indicated that it is well prepared to weather the coronavirus recession.

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Post ID: @OP+17rsW6Oj

Fair Compensation

Global markets is having a good year. But that’s not due to their merit but market condition. Such kind of market volatility won’t last. Bank shouldn’t over compensate market and need to help commercial banking this year.

Corporate Mobility Phone Options

I’m was offered to switch from MyMobility to Corp Mobility with MyMobility going away at the end of the month. Not excited about two phones, but beats having no option. But when I looked at the phone options, the only available iPhone is a butt ugly... — read more 

Salary hike from Band 5 to 4 ?

I am currently in band 5 making 115K base and 15k in bonus. I am planning to move to a Senior role in band 4. I know I got the position but Waiting to hear from HR. How much salary increase can I expect and where should I start the negotiations... — read more 

No more pay increases

If you move from a band 4 to another 4 role, HR considers that a lateral move now and no pay increase. Managers also have no say in pay anymore, as it's a based on equitable outcome. External hires still get market rate

Delaware campus

Tents are set up in the parking lot @Deerfield Campus in Newark, DE. Employee testing to begin or?

Any IT Layoffs recently or soon?

Laid off from a different large corporation in IT. Have an offer at BOA. Any recent layoffs in BOA or how is the company in the upswing of hiring in IT? Looking for some stability again (if can ever find this in another corp in IT).

Back to work

Now that Chase has started to bring employees back into the office I’m sure we will be soon.

Interns

Is it true that interns make $40 per hour?

Annoyance

How do you know when you resent someone? Resentment is the feeling that something wrong was done to you. If you feel like there’s an injustice in the world it can easily leave you feeling resentful. Resentment feels like a natural response to... — read more 

Retail Services?

Anyone have any thoughts about this small portfolio? My thoughts are that though it is small, it tends to always be profitable and that politically, it might look bad for Wells to drop a bunch of merchants during a recession. So, I feel relatively... — read more 

Do a COVID Test Before Return to Work

It is a proof you don’t have COVID before returning to work. If you unfortunately get it later after back to work, company will need be responsible for that legally. Unless company ask you to sign a waiver but I don’t think it will happen

Will BOA offer permanent wfh?

Curious what everyone’s thoughts are on this since many other companies have recently made the decision to let their employees wfh permanently.

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