Thread regarding Bank of America layoffs

Internal mobility no longer an option

The bank now has a requirement that you have to inform your manager before you apply for an internal position (rather than if you get an interview). Since you rarely get an interview or offer from your first application imagine applying to five or six positions over several months and telling your manager each time you are doing so. How would that affect your relationship with your manager? Potential raises? Etc? So this actually ki-ls internal mobility at the bank. If you are researching whether to apply to the bank to grow your career, you should probably look elsewhere. The new philosophy means this is no longer that company for new hires.

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Post ID: @OP+1tDLzBcx

16 replies (most recent on top)

The rationale is that too many people in the retail space started posting out faster than the managers could handle. I posted out internally and my manager has no problem with it.

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Post ID: @qjfs+1tDLzBcx

https://www.reuters.com/legal/wells-fargo-must-face-lawsuit-over-sham-job-interviews-2024-07-29/

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Post ID: @agbv+1tDLzBcx

I would think that it would be ONE conversation with your manager that you are looking internally. No? At least that is how we’re approaching it in my org.

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Post ID: @8clu+1tDLzBcx

@6apm+1tDLzBcx - actually no. I recruited 2 internal who I was impressed with from prior projects (was not friends with them) and 1 external who I sourced myself by networking.

I just did not like the generic list of internals and externals as the Reruiting team did not seem to be capable of comprehending non-banker roles.

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Post ID: @8usx+1tDLzBcx

Is there a way to see salary ranges for internal postings?

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Post ID: @8brl+1tDLzBcx

So you recruited one of your buddies. So predictable.

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Post ID: @6apm+1tDLzBcx

Indeed, many positions are pre-filled if there is a viable internal candidate.

Depends on the Hiring Manager. As a B4 manager, I was not pleased with the candidates presented, so recruited my own -- some internal and some external.

OWN Your Career!!

Network. Introduce and make yourself known and noticed (in a positive way) to managers within your hierarchy and those adjancent in areas of interest to you.

Make sure your manager knows what stuff really sparks you. And areas you'd be interested in learning more about or doing more in.

Look up what org's (internal and external) the managers who could help you are involved in.

Express interest and offer to help on an key initiatives or special projects.

There is no Career Fairy hovering over you to wave a magic wand or present you with the glass slipper.

OWN Your Career. Work it.

If you are looking for a change, dedicate at least 1 hour per day to networking and working toward your goal(s).

It works! And it is totally up to you. (Don't give your power over yourself away to others!)

And guess what - you can do it. You got this!!

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Post ID: @5ilk+1tDLzBcx

It is suspected that many of the positions are already pre-filled. Our team was given preferential hiring and fake interviews for positions already allocated for them during a "re-org". Any outsider that applied was wasting their time.

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Post ID: @4yzl+1tDLzBcx

What's next? A wellness check from your manager at 9 pm? Turning in all of your social media accounts? Telling your manager which jobs you've applied to outside the bank? What will these insidious ba----ds come up with next...

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Post ID: @3itg+1tDLzBcx

I keep telling you MOTHAFOCKAS that this bank doesn't give 10 rat azzes about you. I would just half azz your job everyday until something better comes along. Why work hard? You will get nothing or just a pennies pay raise while that blockhead mo-o CEO BM gets his 30 million plus salary a year.

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Post ID: @2vog+1tDLzBcx

Worse yet - create a positing because you are required to, conduct the minimum number of interviews to check the box, show up, as interviewer, late to the interview and act very disengaged throughout it (try to wrap it up in 20 minutes or less), then hire who you always intended to.

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Post ID: @1awf+1tDLzBcx

The process for a new position: 1) create a fake posting. 2) conduct no interviews. 3) hire your crony/ favorite.

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Post ID: @1dkc+1tDLzBcx

You can avoid that but bringing it up in your one on one meeting. Let them know you are interested in pursuing other roles. You don’t have to notify them each time you apply as long as you have the conversation.

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Post ID: @lpb+1tDLzBcx

it all translates to forced attraction, f#$k this $hit bank

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Post ID: @hcu+1tDLzBcx

What's the rationale for every decision these days? Forced attrition.

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Post ID: @jzc+1tDLzBcx

totally agree .... thats a terrible new policy and certainly discourages internal transfers. What's the rationale behind this new mandate?

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Post ID: @vir+1tDLzBcx

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