Thread regarding Bank of America layoffs

Finally got out!

Someone told me about this site a few months ago and i started visiting quiet often. Reading everyone’s post made me realize I wasn’t alone in how I was feeling. Everyone is experiencing the exact same burn out. My work load increased tremendously because of high turnover. I started feeling extremely stressed. The job I once enjoyed became the job I dreaded but I needed the paycheck so I had no choice but to keep pushing on. RTO didn’t help the situation. It made me even more miserable but motivated me to keep posting out.
I wrote a post on here not so long ago about posting out and promised I would come back and let everyone know if I got out. I’m happy to let you all know I finally got out. I accepted a remote position and started a few weeks ago. It was a 58% salary increase. There are so many remote positions out there with amazing companies. You just need to keep posting. The bank was never an awful place to work but somehow the leadership became non existent with RTO. They pretty much failed everyone in how they’re handling it. They always paid below market value but most of us knew that already and stayed because we were comfortable but times have changed and things have become much more expensive and it will only get worse. The job market is still hot as many companies are looking to steal the best talent. Posting can be stressful because it may take awhile but it will happen for you as it did for me. I love the new company and the stress I felt at BOFA is gone. Not all companies are experiencing this insanity. Good luck to you all and I hope that you find something else soon. Be loyal to yourself and post out. Pretty much the same kind of benefits everywhere else.

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Post ID: @OP+1gPVabJV

12 replies (most recent on top)

I wanted to bump up this thread. Just got a fully remote FT position paying 25% more than my job at the Bank. I’m a manager here and I get to be an individual contributor in the new role! All of these tips really helped me. Don’t give up, keep looking around if you’re unhappy here.

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Post ID: @10yfk+1gPVabJV

A few more tips to help you when interviewing. I’ve mentioned to check your lighting and audio before the interview. Dress for success! Don’t sound too excited. Moderate tone. Listen and wait until the person finish speaking before you answer the question. (Guilty of being too passionate) keep answers to a 1.5 to 2 minutes and then ask if they would like you to elaborate more. Look up common interview questions and prepare your answers. Have your own questions for the interviewers. Even though you’re trying to get hired, you’re interviewing them as well.

Here are a few!

What are your team’s goal for this year?

What’s your leadership style?

Can you elaborate on the day-to-day responsibilities this job entails?

What are the characteristics of someone who would succeed in this role?

What are some of the challenges you’ve seen people in this role or on this team encounter?

What’s the most important thing I could do to help within the first 90 days of employment?

Are there any job shadowing opportunities available for this role?

Who do you see as your biggest competitor and why?

How frequently do employees make themselves available outside of business hours?

What are the most important values of your company?

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Post ID: @3hpv+1gPVabJV

Thank you all for your well wishes. I really do appreciate it and I’m hoping I you’ll come back and post when you get out as well. (Starting to feel like we’re all trying to get out of prison)

I wish I could share but this site is anonymous for a reason. What I can do is share how I approached it. Initially it wasn’t about pay for me even though I got paid way below my skillset. It was about the workload, turnover and RTO.

  1. Update your resume - look at other jobs listed and see what aligns with your skillset and use the language on the post.
  1. Get on social media/Job sites - Make connections on those sites. Set filters based on what you’re looking for.
  1. Apply Daily
  1. Don’t be discouraged by rejection - I got a ton.
  1. Be patient - It will happen
  1. Prep for the video interview - Same rules as in person. Make sure you test your lighting and audio before the interview
  1. Good Luck!

I’ve been posting for months with no luck and finally the one that was meant for me was mine. It will be the same for you!

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Post ID: @1xgg+1gPVabJV

Congratulations to you on getting out of this shlithole. The leadership is bad, incompetent, slimy, cutthroat and many other things. I have a few things out there too in the job market and can't wait to leave. FCUK YOU CEO BM YOU BLOCKHEAD FCUKER!

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Post ID: @cqo+1gPVabJV

Congrats on your new position!
What role did you get and where?

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Post ID: @shf+1gPVabJV

Truly enjoy reading posts like this and I'm looking forward to writing my own soon. Just need to get somethings aligned and I'll be looking to leave too.

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Post ID: @dkr+1gPVabJV

Literally took a screenshot of this post so that I can use it as motivation to continue working to get out. If I could, I'd put it up on the wall at my desk in the office! The first few sentences especially I definitely relate to. Thank you for posting this. It's means more than you know!

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Post ID: @djj+1gPVabJV

"The bank was never an awful place to work but somehow the leadership became non existent with RTO."

I was in senior management at BofA. I left recently.

I can tell you from the original RTO efforts in 9/2021 that the decision to make this entirely driven by central HR has been a disaster. I know many other companies doing RTO either hybrid for now or even going 5 days per week and NONE of them are doing it as poorly as BofA.

I was given no discretion as a B4 leader as to who should or should not come back. I could have saved them a ton of time in terms of medical accommodations by simply letting HR know "You should probably not invite that person back yet". I had people begging to go back to the office who were not getting invites and were just now scheduled to come back.

HR created a situation where they invited back the people who were the most reluctant to come back and ignored the people who wanted to come back. They hid vaccination status from us but it was clear by who was invited back who was clearly vaccinated. I was given no discretion but HR blamed me and my leaders when people asked for a delay or to not come back at all.

It is a horrible chaotic mess. I've always noted HR has more power at BofA than any company I've ever worked and it's always been something I've disliked since HR has helped me out so little when I've needed them. I can't believe how bad this RTO has been handled, not to mention pay increases, etc. and yet I've heard nothing about trying to take this mess out of HR's hands.

I guess I'll just have to console myself with my 20% pay increase and working at a company where HR aren't the god emperors.

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Post ID: @rjm+1gPVabJV

Congrats to you! Seeing a success story is encouraging.

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Post ID: @fbf+1gPVabJV

As an employer, I found this bank to be dysfunctional. Corporate culture was cultish, unprofessional, intrusive. Incompetent management. Promotions given to the undeserving and unqualified. Felt like working at a circus with the constant (and unnecessary) operational changes. Every day wondering what kind of buffoonery they were going to shovel at me next. Zero stability. When they stiffed me on my annual bonus and annual cost-of-living increase despite comparable production, it was time to leave. Being assigned teenage Biff as my new manager remote 5 states away didn't help.

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Post ID: @dvh+1gPVabJV

Congratulations. Enjoy!

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Post ID: @hib+1gPVabJV

Amazing, congrats! Are you in tech?

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Post ID: @bnu+1gPVabJV

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