Thread regarding Bank of America layoffs

Attending a joint all hands call with two CEO direct reports, and watching one of the executives cringy attempts to be witty and humorous - and failing miserably. I’ve seen interns with more executive presence than he displayed in a meeting with tens of thousands of people watching and many realizing that his bonus is probably more than they will earn in two years of actually working. Sealed my decision to actively quiet quit.

Week after week of senior leaders who react to audit issues or “red” metrics by tampering with processes or implementing “remedial controls” then gaslighting the people who have to operate the processes when workflows turn to to $#it.
Recently a band 3 “leader” unilaterally shifted hours of manual inspection from the end of a process to the beginning of the same process, then lectured the process owners about how slow things had become, (because of the inspection) and how everyone was going to have to work together creatively as a team to fix the slow process - they then authored a glowing Fscape article about how much productivity was gained by “eliminating the back end inspection”. I’m sure the article will be used to pad the leader’s and their besties’ end of year bonus. It’s truly a circus of ineptness.

Being assigned to support (yet another) of Brian's incompetent, tantrum-throwing direct reports.

Despite being a fairly smart CEO, the so-called "leaders" he chooses to surround himself with are a real losers.

They'd never cut it at JPM or other Fortune 50 firms.

For me it was taking on the work of multiple teammates who left, and covering most of the work for an utterly incompetent teammate, while being told that i was not likely to rated beyond meets this year because i was not bringing innovation to my team. the work was not difficult but the leadership at b3 levels is so poor. i suspect there will be more attrition after mid year conversation time, when people see there is no meaningful chance to share in record profits unless you’ve been a sycophant high on your skip level managers buddy list

The fact interns getting in with no business acumen and experience landing a higher salary than you, with 5 + years experience.

@jwl+1njOFvgH - YES to all of this!

Especially letting all the newbies take sabbatical first -- real gut punch.

They make it abundantly clear they want us to leave on our own. The Layoff without any severance.

They suk.

We make $500 per day plus benefits to sit in front of a computer and type sometimes, often while attending meetings on the phone. Oh, the mental strain. Someone in the 3rd world make $50 for the same. The difference is almost entirely a result of systemic factors that have nothing to do with individual merit. It seems to work that way within companies, too.

A woke leader that “shared” her story of a multi-racial family during the Rodney King Days, comparing to George Floyd. After she refused to promote women in the same circumstances, that were really high achievers. She then promoted the newest minority on the team.

It told me skills and deliverables were no longer important. Creating a narrative was the goal.

The below poster nailed it.

I'd also add promotions being based on friendships and other factors not including hard work, performance, knowledge or being the best overall candidate for the job.

How about zero for bonus or pay increase.

Or a 7% cola increase with a hard cut off at 100k.

Or after 37 years of service having to cover while a teammate enjoys a Sabbatical in their 15th year. Happy for her but a really stupid way to introduce the program. Should have rolled first to people with 30 or more years tenure.

Or the ever increasing time lost while explaining to business partners how their own processes work because the knowledge base has moved on. Just maybe you can not replace everyone with an intern.

Or restricting My Work and forcing RTO.

Or the layer after layer if highly paid management.