Thread regarding Bank of America layoffs

Just leaving this here

Sept 6 (Reuters) - Bank of America Corp (BAC.N) will outline flexible working standards over the next six to eight weeks that will adapt to changing conditions, Chief Executive Brian Moynihan said during a New York industry conference on Tuesday.

His comments come as financial companies globally are offering more incentives, including free meals, as they battle to get staff back to the office, Reuters reported last week.

Hybrid working policies were introduced across the industry during the COVID-19 pandemic, but data seen by Reuters and interviews with finance sector executives showed attendances falling short of expectations globally.

"We have 210,000 people and there’s literally 210,000 different views of what people want,” Moynihan said. "We’ll have more flexibility than we did, on paper, before."

"We'll have more formality to the flexibility," to make standards more consistent and fair across business units, he said, adding that the bank's buildings are full and active.

by
| 3163 views | | 12 replies (last ) | Reply
Post ID: @OP+1iAIy0E5

12 replies (most recent on top)

"...formality to the flexibility" - ba-f.

Message to Brian: We gave you RECORD profits during WFH. Why do you have a problem with that?

Provide some transparency and honesty, please.

by
| | Reply
Post ID: @basa+1iAIy0E5

The building I work in is not full. Not even close! The area I sit in is huge and there may be 20 people max on any given day. With hundreds of seats empty.

by
| | Reply
Post ID: @aeyk+1iAIy0E5

I can guarantee that there aren’t 210,000 different views on hybrid/wfh.

You’re either for it or against it. The vast majority are for WFH and hybrid.

This is just a way to delay any changes. Moynihan is saying it’s soooo overwhelmingly complicated, they can’t possibly create a plan to accommodate 210,000 different opinions, so they’d rather force everyone back in. Lol

These fallacious arguments do nothing but show what an out of touch ceo he actually is.

by
| | Reply
Post ID: @7wrq+1iAIy0E5

Realistically not every role can be WFH or even hybrid (e.g., tellers). However, this sounds like Moynihan is stopping the exodus since from the beginning he's been so staunch on RTO. I think people will leave for WFH opportunities or, if they're going to be in the office anyway, leave for higher pay. I know some who did that.

by
| | Reply
Post ID: @6qzq+1iAIy0E5

Ha! Full?!? Okaaay… lies. Seriously, they think we’re id--ts.

by
| | Reply
Post ID: @3qmd+1iAIy0E5

Reactionary measurements to clot the talent bleed.
Anything less than hybrid and full WFH for certain areas without BS timesheet for "tax purposes" is a failure.

BofA says hold my beer...

by
| | Reply
Post ID: @2xau+1iAIy0E5

Private bank is back 5x a week. No wfh or flexibility.

by
| | Reply
Post ID: @1sbq+1iAIy0E5

Another ruse to slow down the bleeding.

by
| | Reply
Post ID: @1ret+1iAIy0E5

Our building is definitely not full. Our floor is empty. I’d say maaaaaaybe it’s at 5% capacity on a decent day mid week. Def not Mon Thurs or Friday

by
| | Reply
Post ID: @1wye+1iAIy0E5

Our campus is not full.

by
| | Reply
Post ID: @1nyn+1iAIy0E5

What's next - Lies on Ice?

by
| | Reply
Post ID: @1siy+1iAIy0E5

Well I don’t believe that, especially when my current site is asking everyone to bring their equipment back into the office. If they actually wanted hybrid, they would have done it by now. Too little too late.

by
| | Reply
Post ID: @1whm+1iAIy0E5

Post a reply

: