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 one in our centers have yet to test positive. Is it a test to push clients digital? Our ATMs and ATAs have been removed too. We had two in the lobby, now we have none.
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I heard a lot of restructuring is coming. There will be a lot of middle management layoffs coming. I also heard depending on the location of your branch will depend on it being closed.
I am unable to correct my above comment but I was wrong ATA/VTA is gone officially. The reason that I doubted it was because all of this infrastructure is still in place, consuming capacity and consuming licenses, thus costing a lot of money. This is what is wrong with this place! They never dismantle technical infrastructure until years afterwards. Maybe if CB managed better, layoffs could be avoided by cutting costs when you can.
Experience would tell me it was $0.05
I would assume the poster meant half a percent raise.
I want clarification on the .05 raise. Is this 5 percent or 5 cent an hour increase.
Bank of America doesn't care about the bottom level employees. I know this because of the .05 pay raise I received too. You have to work three jobs just to make on this low paying salary.
No raise. Bonus was about 80% of last year but 30% of 2016. It just keeps going down. I wish they’d just lay me off. 20 years in and the severance packet would give me a much needed break from the politics and lied.
ATA is not gone and is still being installed. I call total BS on that statement!
ATA was gone way before COVID. It wasn’t cost effective.
I highly doubt it. The bank is likely to freeze hiring and push new staffing model, they will reduce FTE through attrition and Permanent WFH roles.
The closure posture is to better balance resources while watching expenses