VBO communications will be going out in July. It’s said to be a lucrative offer. Potentially giving the option to take it Dec 2025 or Dec 2026.
Then late July/early Aug will come the declaration that we will be moving away from WFH in Sept, as much as capacity allows. 100% in-office for some, 3 days a week for others.
ALL they care about is money, forcing people to quit or take VBO. Start planning now.
This statement isn’t accurate. There is no VBO coming and we will not all be 100% on-site. If you live out of state and signed an agreement to move, but haven’t - you’re gone. If you work customer service - get ready to do more time, if not 100% on-site. Buildings will become call centers, but there is no way (even with layoffs) that everyone will be back 100%, there isn’t building capacity.
This is the new retirement package available to anyone, at any time.
I can’t believe people in these comments are really whining about a financial company operating without any integrity. People in finance are out to make themselves more money and to not get fired doing it. Finance companies make their bottom dollar go up, while breaking as few laws as possible.
The retirement package is 1 month pay for every 5 years of service. THAT IS NOTHING CLOSE TO THE VBO or a LAYOFF. Maybe those were the only two VBO's so far, but they did set a precedence and now crickets and no explanation. Don't call me a crybaby either, you would feel the same way if you had worked along side the others that happened to be old enough to leave at the time.
Does anyone or any business have integrity anymore? Everything is so mean and harsh here. SAD.
I'm calling BS! Maybe the RTO is correct but they won't pay for a vbo - it'll be a layoff
What is the “modified” retirement package? I am over 59 1/2 and have over 20 years in. All I can find on official sources for retirement packages is lame stuff like unused vacation time payouts and COBRA.
I don't give a rat's a-s about a VBO or a retirement package, I keep working and each week a check is deposited to my account.
There is no VBO. Instead there is a modified retirement package available to those who qualify. If you are ready to retire stop complaining and take it.
Lol someone testing the waters? It’s pretty hot. Keep those VBOs off the table.
@k1+1jvf3g4z8
You're probably an entitled snowflake, cribbing about coming into office, enjoying your permanent WFH
Layoff blood bath coming.
Worthless COVID and DEIers gonna get whacked. We’re tired of carrying your dead weight!!!!!!!
Fake news
Boston (and NC definitely) can't handle 100% return to office, not with current headcount.
Even alternate weeks, the cafeteria sounds like fish market, the restrooms smells like bait stations.
More accurate news would be, RIF in wealth and brokerage, post reorganization under Bob.
Fall 2025 will definitely be a bloodbath with cuts across.
Source?
Gone are the days when this site was worth something.
I’m hearing the full time RTO will only be for customer facing roles. Tech and other national roles won’t be due to the nature of their jobs.
There will be no VBO package since there will be no need after the return to office policy changes to 5 days a week in the office after Labor Day. They will get the downsizing without having to make any payouts.
Please G_d let this be true!
I am 95% certain that I would qualify and I didn't receive any notification.
I am calling it! Shenanigans!
What are the age requirements for vbo?
Can’t wait to see the HR Social Media boot lickers down vote the heck out of this!
Where is this VBO news coming from? Seminar for retirement was pushed to most eligible 55+ earlier this year. The risk of losing FBSI folks seems to high until we are off the mainframe.
it’s verified that initial contact has already (march) been made to those eligible. would lend credibility to july timeframe for publication
As much as capacity allows? So NC and Boston continue to alternate weeks and everyone else has to return full time?
I doubt it.