Thread regarding Bank of America layoffs

Final RTO Date 6/1

Received the email today, all employees in office by 6/1. Starting in waves with the first being 5/4.

How does everyone envision this playing out?

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Post ID: @OP+1g6uYblO

29 replies (most recent on top)

Yeah...email also said "all employees", so I guess "work from home" / My Work people are not "employees"? Our group is heavy on WFH and management keeps promoting them - especially their favorites. And leave the rest of us to clean up the messes the WFH person left behind. And the rest of us have to come in 5 days a week. Yeah right...

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Post ID: @2jtk+1g6uYblO

In my department they can’t afford to lose anymore people so I don’t know what it is they are waiting for, but we want WFH not a pizza party. We aren’t 5 years old. We are adults who have proven that we can work from home. Just look at the earnings in the past two years. The BS in their emails about how they have heard from employees that they love coming to work is a joke. Enough with the propaganda. We aren’t buying it Mr Moneybags it’s time to get your $h!t together and do right by your employees!

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Post ID: @1jlp+1g6uYblO

There are two types of folks who will go back…those few who like spending time in offices (believe it or not some people are like that, and those who afraid of interviewing.

In todays labor market if you have two brain cells to rub together you can get a job. So if you prefer wfh..just continue wfh.

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Post ID: @1rra+1g6uYblO

@eff+1g6uYblO is correct. Business 101: Treat your employees with respect. Older, experienced workers were the ones that brought the bank back to profitability after the Great Recession when the bank was on the verge of collapse. Now that the bank is profitable, these highly competent older workers are tossed aside. You have higher error rates and operational deficiencies as a result. Directive came from very high up to aggressively cut older workers to save on payroll costs. You reap what you sow.

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Post ID: @1usz+1g6uYblO

Where is the down vote button on flagscape?

Oh, that’s right, they don’t believe in free speech, that’s why they purposefully limit open comment section.

Liberty is slowly being chipped away

Also, I won’t mask or test - there is no federal or state law making this mandatory

Bye!

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Post ID: @1uvf+1g6uYblO

With all the false flags about RTO…most will continue WFH posture. There is zero incentive to RTO “5 days” a week. Majority will stand their ground and will prevail.

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Post ID: @1eyu+1g6uYblO

Somebody mentioned complaining on this site won't get WFH. You are right. But what it does is warn other people about Bank of America before they make the mistake of accepting a position. It also warns customers about what is going on behind the scenes at Bank of America and how this will directly affect their investments at the bank. Error rates are skyrocketing and deadlines being missed because of the morale (and in some cases lack) of workers. This hits customers when they discover problems with their accounts or mortgages. Hybrid was a simple concept that solved many problems and was a no-brainer to increase morale and productivity. It was the perfect compromise between WFH and RTO. It resolved a lot of issues. The stubborn, covering their ears attitude of a few higher ups shows their ignorance in running the bank for the future (if not disqualifying them from doing so in the eyes of the board. They will discover it when the news articles and numbers hit over the next year). So these posts are a warning for people considering working for the bank. Basically, don't accept a position at the bank. Also, If you invest with the bank in any way, consider moving your money elsewhere for your own financial security and sanity. If you own stock or are a shareholder, consider selling it before it nosedives. Get your money out of the bank before you regret it.

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Post ID: @eff+1g6uYblO

I am seeing a lot of employees coming and going in the last year. The company is hiring new workers but they are barely staying longer than 5 months. This is going to get worse. The upper management really dropped the ball on the RTO and underestimated employees willingness to return. I am really embarrassed to be associated with this company.

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Post ID: @mol+1g6uYblO

LOCRO management and I.C.'s in FL, TX, and DE have to RTO! HAHAHA! Best news I've heard in 2 years!

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Post ID: @wid+1g6uYblO

@vdf+1g6uYblO - Experienced bankers are not replaceable by a new hire. It takes years to learn the intricacies of how the bank computer systems function, technical product knowledge, operational processes, how to cut through the bureaucracy to get things done, etc. On paper, it's a payroll savings. In reality, much is lost to the detriment of shareholders and workers alike. It's a brain drain and a disastrous management practice. You don't build a great organization by abandoning the employees that make the place work. Management is completely incompetent in this regard.

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Post ID: @cqi+1g6uYblO

They want you to quit...I am good at my job, but they can fire me and get someone else without my anger at the bank for cheaper...

Just give them a reason to fire you...I double dog dare you..

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Post ID: @ofa+1g6uYblO

Man seems mostly nut jobs complaining about other people in here

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Post ID: @nsf+1g6uYblO

friendly reminder that you can basically be fired for anything in Texas

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Post ID: @etx+1g6uYblO

@vdf+1g6uYblO

That is simply not so in many areas.

We have had open reqs for multiple positions for months. They just hired two people, one off an employee referral when management pushed people to do so, the other was an internal transfer. They still need 4 people and there is literally no applicants.

Yes, people should quit and many are. Finding a new position is still a process that one has to go through and you still need to deal with bofa as you do so.

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Post ID: @bbu+1g6uYblO

180 likes out of 100k employees = .18% favorable rates, seems like just the upper executive team supports this approach

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Post ID: @vsm+1g6uYblO

Not sure any job is worth this much stress. The communications that have been coming out about RTO feels like working for a dictatorship government. At this point I’m considering switching careers just to get out of this company. I think I will be happier for it. Leadership in this company have proven that they are out of touch with most people’s reality. They have spread misinformation about Covid by sending out communications that the vaccine stops the spread of Covid making people take a vaccine they did not want. I still have that communication in a folder. They have sent out communications making people feel that if they didn’t get the vaccine they would lose their jobs. Most people still didn’t get the vaccine and most ended up getting covid and it is because enough people got Covid is why they are now saying we’ve reached herd immunity. Now they’re sending out communications making people feel like they have no other choice but to do as they say and not as they do. This is a very poor example of what leadership is or should be. When it came time to lead through unprecedented challenges, these leaders failed miserably. People will never be the same after this Covid experience. People will never be the same going back into the office. Mental health issues will rise because it will be hard for most to adjust back to a noisy and distracting environment. Sick days will rise and productivity will fall. The expectation of collaboration will turn into more people hating each other because the bad habits of others will be more noticeable because we’ve become more sensitive to things that were once normal. The harsh adjustments will create more mental health issues for people.
This will prove to be disastrous in the end for BOFA.

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Post ID: @ezc+1g6uYblO

And you think talking about RTO on this site will actually get you WFH. If you all don’t like the bank’s rules, stop complaining and leave. You need them more than they need you. We’re all replaceable. For every one of you, they are twenty waiting to take your place.

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Post ID: @vdf+1g6uYblO

@dex+1g6uYblO

What are you even going on about? Go home and stop worrying about D&I. We are talking about RTO, not some weird D&I issues you have.

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Post ID: @opl+1g6uYblO

Medical accommodations is the way to go if your doctor is amenable to filling out the form. You can request WFH for up to a year.

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Post ID: @dwa+1g6uYblO

My Caucasian co-workers tells me they have rules set up to delete the D&I emails when it hits their inbox. They have expressed that they are starting to feel like they don’t matter. So while the bank consistently promotes inclusion for one particular group of people they’re alienating another. If they treated everyone equally there’s no need for D&I.

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Post ID: @ezl+1g6uYblO

Don’t care. Giving my notice within the next two weeks. I find it funny that the email says they received feedback that people want to be back to the office. Feedback from who? We’re still waiting for this “survey” that at this point we will never receive. Bunch of liars and I have zero trust at this point.

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Post ID: @est+1g6uYblO

lol bringing up Disney, y’all just can’t stop repeating what Fox News says

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Post ID: @khd+1g6uYblO

They continue to push the dinosaur mindset as if the one size fits all. This is a one way communication telling us they know and want what’s best for us as if they really do. If the bank should learn something, it is the backlash Disney is facing for their lack of understanding what the majority wants and what’s in their best interest. When our one consistent voice sends a powerful message it is only then they will make changes in the best interest of us. Continue the mass exodus of migrating to a company that shares your values and pain with rising gas prices, inflation and a better work life balance. Leave this company to learn their lesson the hard way. What I see happening in the future if that they will struggle to find talent. Once people get out they will spread on social media how horrible and out of touch this company really is and good talent will not want to work for BOFA. We are not children and enticing us with lunches is not an incentive for us to go back into the office. We collaborate just fine with each other from home. Collaboration is not better in the office. If anything the office has proven to be very distracting and uncomfortable. The office promotes unhappy and less productive people.
Good luck BOFA, can’t wait to read about your downfall in the news for making authoritarian decisions and not listening to what people really want which is wfh.

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Post ID: @rjt+1g6uYblO

finally an end is near

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Post ID: @arc+1g6uYblO

Those ba$ta-d$!!! Right when school lets out for summer. This is another great example of why RTO is hated & why WFH is preferred and the $hi—y timing just shows how out of touch they are with the “new normal”. And I know they have backup care blah blah blah… it’s not helpful. They should add that to survey, since it hasn’t come out yet. Let’s see how flexible they are..that was the frequent word and/or response used on of alot of calls.

Who am I kidding it was and always will be b/$

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Post ID: @cix+1g6uYblO

What happens if nobody shows up? Asking for a friend.

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Post ID: @hsl+1g6uYblO

This is just a attrition strategy. Have people voluntarily resign and quit. Then you dont have to worry about layoffs, rifs and severance packages.
Drawback is good people will quit but if you dont care about talent in the first place, who cares.

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Post ID: @bay+1g6uYblO

Have not seen the email yet, but imagine more best talent walking out the door with only employees left who fall into these categories. Lower tier talent who could not find a full-remote position, executives, and a smaller number of extroverts who prefer in-office. The bank is floating to bad times ahead. Big banks will go the way of GE in the future as they continue in this direction.

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Post ID: @rps+1g6uYblO

Pffffft.

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Post ID: @fmc+1g6uYblO

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