Thread regarding Bank of America layoffs

Unforced attrition

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.

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Post ID: @116gi5bl

9 replies (most recent on top)

What's Employee 2022?

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Post ID: @116gi5bl-3bww

I agree with most of these posts. The bank is a miserable place to work. Just this week I ended an 73 hour week. I observed staff reductions over the past couple of weeks only to see them interviewing for new positions in the same department. I don't think that execs do not care. I think their minions below them hide how sh–ty our work environment is. Maybe they care, maybe they don't. Personally, we actually moved most of our personal accounts to a competitor. If they cannot treat me decent as an Associate, how in the hell am I going to trust them to treat me as a customer. This "We Can Deliver" is also a joke. I did give it the college try but in my circles no one wants to do business with them because they see how they treat their Associates (me). For two people I did try to refer, one was a law firm that did business with them for 20+ years and was leaving the bank due to not only a branch closure, but when they went to the new branch, there was no teller to handle commercial customers. The other was a successful restaurant that deposits lottery money and the teller was complaining to them about bringing in too many dollar bills and was always rude to them. They left the bank too. And now this Employee 2022 is being jammed down our throat. :(

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Post ID: @116gi5bl-3krv

I got more work done working from home than I do now in the office. I am constantly sick from having coworkers working inches away from me with no dividers. I can't have a "collaborative" conversation on the phone because this disturbs my other teammates. I am spending over an hour commuting each day. I am underpaid and unappreciatated. This is not collaboration, this is a poor decision from a sorry bunch. We still last place compared to other competitors. Also, stop with engagement surveys, those folk make $150k plus and dont care about things getting better. Just in their ivory tower coming up with worthless programs.
Wonder if execs would like to work without a desk in an open space? Maybe that is what we need to compete with chase, citi, and wells...?

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Post ID: @116gi5bl-1qlq

Oh yeah...miserable as in lost of flexibility. BAC is now discouraging work from home (full or part-time) to maximize "collaboration". They may not be looking at VPN anymore because they don't want to acknowledge that employees do work even outside business hours. They just base it on how many badge swipes you do each month.
Then we are now in this AGILE framework where we have daily 15-minute meetings, AND bi-weekly 2-hr meetings for groomings, retrospects, plannings. Those are on top of other real meetings to attend. It's an overkill.

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Post ID: @116gi5bl-1hkj

What does he mean by making life miserable? Let me count the ways. Unrealistic and higher sales quotas. Reducing incentive pay. Micro-management. Heavy-handed psychological pressure. Yelling. Screaming. Lying. Harassment. Constant criticisms. Nit-picking. Top-down, dictatorial management style. Failure to listen. Eavesdropping. Constant operational changes for no reason. Berating employees. Degrading one's reputation. Blacklisting an employee attempting inter-bank job transfers. Removing annual cost of living salary increases. Cronyism. Blatant discriminatory practices. You don't have to look far and you can find these and many more.

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Post ID: @116gi5bl-pbq

They leave because they are tired of the corporate BS. Low raises, no incentive pay for top performers in fraud. Why stick around if you can go elsewhere for more money, better working conditions unless you're close to walking out the door at retirement.

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Post ID: @116gi5bl-wtb

Yes, I think it’s a combination of no more flexibility and the fact raises/promotions are hard to come by.

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Post ID: @116gi5bl-onh

Curious what you mean by making life miserable. In my area people are disgruntled because of no more my work or having the 72 vpn hours to use as needed.

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Post ID: @116gi5bl-glj

I see it frequently in my building. There are so many I have worked with that have left the bank. So much experience and knowledge are gone and new people who have filled those fraud analyst positions have no clue. So much money is walking out the door I feel like the little Dutch Boy with his finger in the dyke. Experienced highly paid employees leave replaced by lower paid newbies. Bank shoots itself in the foot again save on employee costs and losses go up.

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Post ID: @116gi5bl-mit

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