Thread regarding Bank of America layoffs

How many people do you know are job hunting?

This topic has been frequently discussed on this forum but we don't talk to most of our co-workers about it until we have an offer. What is the reality? Are there actually a lot of people planning to leave because of RTO?

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Post ID: @OP+1d2ulQKQ

8 replies (most recent on top)

I'm huntin' for wabbits.

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Post ID: @3rsz+1d2ulQKQ

"We are left with some good people but they are good at one thing and clueless outside that single ability which has impacted cost and quality."

Really? So those of us who are WFH are clueless and only good at one thing?

I did 20 years of WFH. What a BS statement.

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Post ID: @2ljg+1d2ulQKQ

The people who have left for remote work opportunities are best in-class talent. We are left with some good people but they are good at one thing and clueless outside that single ability which has impacted cost and quality. The positive to come out of this is that I was average before and with the high performers leaving that makes me the high performer

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Post ID: @dnc+1d2ulQKQ

Be lucky you're employed. :-(

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Post ID: @qzj+1d2ulQKQ

I have been looking at other opportunities this summer in the hopes of "hitting a homerun" with a higher paying remote job. I've had some interviews but no offers.
I am still devoted to my BofA job and remain optimistic that they will move into an enhanced flexible work arrangement / hybrid model early next year.
I'm always keeping my options open but honestly in a wait and see mode right now to see what BofA does moving forward. I think if they stay with the 5 days/week in office stance then you will see more people leaving during Q1'22 with many employers offering flexible work roles that don't require a daily commute.

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Post ID: @oma+1d2ulQKQ

One of our executives has his direct reports all scrambling to find answers why people are leaving, and they are all clueless with no real answers or action plan.

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Post ID: @tqe+1d2ulQKQ

I know many that have left the Bank since the start of summer. At the moment I am in final stages with another financial institution and know several others who are also leaving banking as whole or doing the same as me.

Team has managed to hire a few internal candidates who are pretty good but lack the subject matter. The knowledge lost over this debacle of RtO and low comp is pretty intense.

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Post ID: @dvm+1d2ulQKQ

Not many. The bank is competing pretty well pay and benefits wise, so people are going back in to the office.

However, I do know three people that will not get the vax so if they mandate it they will leave. All three are top tier performers. I will also, but I'm not top tier so it doesn't matter if I leave, I'm maybe slightly above average. Nobody can take on these roles though without 5+ years of background knowledge so I know at least my boss is concerned.

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Post ID: @ufc+1d2ulQKQ

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