Hearing more people are getting notice requiring going back into an office. Is the program ending?
Topics regarding layoffs at Bank of America
Here is the information on Bank of America branches count - the numbers are reliable, I got them from USA Today, the source is from 2015. Bank Of America * Number of Branches: 5,096 Amount of deposits: $1.17 trillion (#1 bank in the... — read more
Bank of America bucked the Wall Street trend and made a $350 million bet on its own internal cloud — and the payoff has been striking ALEX MORRELL OCTOBER 16, 2019 This story requires our BI Prime membership. To read the full article, simply... — read more
This probably doesn't belong here but hey we can share positive news too. Bank announced for 3rd year in a row, the special compensation for most compensation ranges under 350k.
I hear there's a new survey coming out, not sure what groups this will impact. Basically, it's something for you to list what you spend your time working on daily. You need to account for 100% of your time. If this doesn't spell layoffs, I don't know... — read more
Is there an agenda by BOA to start limiting workers with this survey?
The Bank of America today is indeed one of the worst banks to work for. Toss aside the usual parameters of salary, benefits, job location, etc. and focus on the Culture, the Politics and the Poisonous backstabbing environment that will eventually... — read more
What’s the update on this year’s Thanksgiving layoffs?
I will show up to work at 9am in order to make it to the standup meeting and will lie my as$ off about the status of my story. Then I will pour some liquor in my coffee while I browse this site and post some annoying c-ap, follow by more web browsing... — read more
Where are details for Rule of 70?
Lately my boss has really been pushing entering time in Workday. Not sure if something is coming from the top of the house, but it seems out of place and highly pressured. I know others on the team enter time in workday, so not sure what this push is... — read more
Just wondering if any of the younger employees see a possibility of a long term career at Bank of America or is everybody under forty here only until they can get something better? That seems to be the case for most of the new people I met, which, if... — read more
Our area recently returned everyone they could to the office. Of approximately 500 people, about 2/3 were returned. Those who remained on MyWork were too far in distance or had medical or other "hardship" exceptions. The extent of what "hardship"... — read more
Does anyone have reliable info on badge swipe monitoring? How many swipes do you need and is it only for your primary work location? (Ie travel doesn’t count)
Around 25 people were let go today at Amon Carter, all in the same group. Anybody hear of any others, or if there's more coming?
Here it goes again
When one micro manages something they control every aspect of it to that point that nothing can go wrong conceivably be out of place. This is great for the manager doing the micro-managing but is it effective given the loss of any kind of freedom and... — read more
BAC latest strategy, at least in the CAO office, is to force people to quit by making life miserable. Don’t they realize only the good people will quit and everyone else will be disgruntled.
So are there additional layoffs coming in September amid all the hiring? And is she going down the street?
If trading revenue down again, shouldn’t bank lay off more Trading Managing Directors? Shouldn’t traders hold accountable for their P&L? Shouldn’t those expensive trading MDs who don’t make money be fired? Back when trading make money, only traders... — read more
My severance ends in August. I’m being recruited for several contractor positions at B of A. Here are the questions I have: 1- Will B of A hire me through a staffing firm as a displaced associate? 2- If I accept the position, does my severance end? — read more
Just saw 4 escorted out.....
A friend of mine who works in GT&O said BofA will start looking into these folks who are not on MyWork program but work from home on a semi-regular basis (1x or so/week).
Do you guys young people on the floors during summer and then they join as FTE? I have been observing more and more of these young people within GT&O. What's the banks plan? I wonder why HR wants young talent given that have to be trained and are a... — read more
Does telecommuting make it hard to connect with other folks at the bank?
i am reading that there will be cuts in September but I see many openings within GT&O? Someone please explain why is that.
Big layoffs in mid-August? 4380 https://www.thelayoff.com/t/106y1Ioc Q3 Earning 2750 https://www.thelayoff.com/t/101aiuav Where are the layoffs? 2490 https://www.thelayoff.com/t/ZOd5OtB I'm ready for the week ahead 2240... — read more
BAC Salary Band - I got the info from PayScale, it's fairly accurate (source below)... Administrative Assistant - Average Salary: $55,970 - Salary Pay Range: $41k - $76k Assistant Bank Manager - Average Salary: $49,871 - Salary Pay Range: ... — read more
A consistently reliable source tells me that big layoffs happening in mid-August. No other info available. Can anybody shed more light on this?
Where are all the layoffs that were supposed to be coming this year?
Does BOFA blacklists employees once they have been laid off? For example, I was laid off for lack of work in my center, am I legible to apply for a job at Bank of America in the future. Also, would it be possible to apply for the same job if it... — read more
I have better relationships with my peers working from home then being in the office. Plus, 99% of my contacts work in other states. Having the ability to work from home at least 2x a week will increase productivity amongst associates. The bank... — read more
Anyone watch the CNBC mad money video on flagscape? Moynihan said he has been giving 6% wage increases over the last few years and each year to those making under 75k. Really? My people under 75k did not receive that! Lucky if they got 1 percent.
When BAML says we are focused on responsible growth, does it mean: A) finding new industries and sectors to make appropriate loans and offer banking services; B) Moynihan’s way to push his political agenda onto BAML and the American public; C)... — read more
Would someone on this board be able to help me figure out what Bank of America Band 5 salary is? I know that BAC has salary ranges for different bands and I was able to find info on Band 6 but no info on Band 5. So, please provide info on Bank of... — read more
The collapse of Deutsch Bank has been a long time coming but it’s here now and eerily reminiscent of the fall of Lehman Brothers. Although, taking place in Europe, US banks will be affected.