Thread regarding Bank of America layoffs

RTO Updates and 2022

I don't want to sound alarmist, but last week has me believing the Bank is headed for some rough seas ahead. As of Friday only 67% of staff have reported their status in the Vax status tool. If you have not reported your status by end of Nov 1. a Letter of Education will be sent to you. Before, the plan that was discussed is to have vaccinated and unvaccinated working in separate work spaces to better manage the risk for staff and their families.

However, there are now talks of changing the plan to require vaccination as a condition of employment citing the Biden mandate, given the Bank is FDIC insured there is growing pressure on the Bank to comply. Once leadership has landed on this new rule, if they do, people will have 60 days to get fully vaccinated.

Middle management will soon be coached to set expectations with workers that in 2022 they will likely have to take on more responsibilities and in some cases projects will be cut and more people will be laid off. I do not know what will happen with bonuses, no word on that yet.

We could see some mass layoffs if people do not report their status by end of next week. The Bank is not playing around people, Cathy has been in meetings pounding her reports to pressure their staff to report their status immediately.

by Anonymous
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Post ID: @OP+1dAWZ81s
Comment! It's anonymous!

9 replies (most recent on top)

I watched 2 constantly complaining people leave the company for who knows what, then they replaced them with one extra ambitious person who is easily doing triple the work of both. There’s magic in new employees ambitious to succeed, you are only hurting yourself if you won’t RTO by waiting.

by Anonymous
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Post ID: @2sll+1dAWZ81s

You’ve been told a zillion times. RTO is on. WFH is over. Vaccine status is necessary to continue working for bank.

Here’s a sneak preview…. Vaccination will be required to work. Pretty much everywhere.

It’s your choice, no one is forcing you.

by Anonymous
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Post ID: @1via+1dAWZ81s

“Failed company” whose stock is up over 50% this year.

by Anonymous
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Post ID: @1ooh+1dAWZ81s

Rough seas now? These rookies don't remember this bank pre-covid. The twice annual layoff purge. They have some ground to make up. It shall be so.

by Anonymous
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Post ID: @1wkh+1dAWZ81s

Have not and will not disclose

by Anonymous
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Post ID: @1mhe+1dAWZ81s

According to the reminder email I received today, 90% of employees have disclosed their vaccination status as of this morning.

People are scared to lose their jobs so will face the threat of losing their lives.

by Anonymous
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Post ID: @1idv+1dAWZ81s

All by design. They make it uncomfortable so you leave on your own. No severance.

Don’t expect things to get better, they obviously want you gone or you wouldn’t be so miserable.

by Anonymous
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Post ID: @1diu+1dAWZ81s

They don’t care and they will survive just fine with or without anyone who leaves.

Unvaccinated will be terminated, they’ve given every indication that is the path they are on.

by Anonymous
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Post ID: @1zkl+1dAWZ81s

Failed company making failed decisions. Hybrid would have saved them from being in this mess. Cathy is extremely unlikable and need to be let go asap. If someone should be laid off... it's her!
Not a single person likes her and that include vaxxed or unvaxxed.
Anyway, BofA will survive whatever storm comes out of this, but not unscathed. This is going to make a huge dent in their talent and surely will be a culture change for the worse.

by Anonymous
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Post ID: @1xeh+1dAWZ81s

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