Thread regarding Bank of America layoffs

"You have short-sighted vision in middle management where they exclude, marginalize, demoralize, and bully older workers to leave instead of leveraging their specialized work experience in favor of younger, less costly workers."

I actually believe it has less to do with the younger employees being "less costly" and more to do with these incompetent managers are afraid of the older, experienced workers who know how the sausage is made and where the bodies are buried. So the rabidly insecure and paranoid (because deep down they usually know they didn't properly earn their position) managers are always scared the seasoned workers can either hide stuff from them and/or expose their lack of knowledge.

You have short-sighted vision in middle management where they exclude, marginalize, demoralize, and bully older workers to leave instead of leveraging their specialized work experience in favor of younger, less costly workers. With that being said, the biggest advantage to working here is the breadth and scope of bank products and services unparalleled at most any other bank. As an employee, if you toe the line, you can usually keep a low profile and last here a long time. But there is bullying, and there is incompetence at times. That's a given that you will eventually see both at some point in your career here.

Here is my take on the current problem here at this bank that spans across multiple lines of business.
I'm a boomer with only a few years left before I retire. I have forty year of experience that encompasses technical, analytical, business, financial, project and other related skills that are no longer a value to this company. My latest iteration of a "manager" is maybe half my age and is in their current role for reasons only their incompetent manager could explain. My responsibilities are really only limited to just functioning as an admin to my manager as is most of the others on my team. If they need tech consulting, data analysis, business or process analysis, they have their half baked support teams in India that they default to. I essentially do nothing that taps into my 40 years of experience anymore. Just set up meetings, take notes and chase the teams in India they need support from. All this for me getting well into the 6 figures as a salary. Is there something wrong with this picture? Anyone else in this situation?

Tossing the murkiness of bureaucracy and bullies aside, I enjoy having different tasks to do and interacting with people across other lines of business. I’m over 20 in (Countrywide) and have been relatively lucky.

@2uid+1u7J9zia -- like Genz could run operate this beast...

You don't know what ya don't know. Grow the f up.

And if it's so f-ing awesome, why youz on 'dis site anyway?

if you are generation Z, this place is for you with lots of benefits.

...everyone else get the %*#$ out of here.

Amount of time off is a little better than competitors (when you include 5 personal days and 5 sick days)

Sabbatical is a nice benefit if you stay long enough.

401k program is good, no account fees and a 5% match plus year end company contribution of 2 or 3%. Roth 401k option is great for tax free growth. On track to retire or be work optional at 55.

If you want to pay your bills on time, great place. Check shows up on time on the 15th and 31st. Negotiate the best salary possible day 1.

If you want to be president one day, you will be frustrated. You would need a subscription of chapstick from Amazon to kiss that much butt.

Average growth ok with you, no different than most companies. Cr--s in a bucket sometimes. Favoritism, clicks, etc. all exist but growth is possible, but not guaranteed.

Non negative response. BAC paid me enough to live in a safe neighborhood, put kids through college and keep the spouse happy enough most days and build my 401K, though not rich. I Could be happier, but I give what’s given and get through each day.

I like that every day is different and unpredictable. There are a few people I actually like. (although apart from venting about workload and bureaucracy, we don't have much in common)
Steady (although not great) paycheck.
Adequate benefits (although they offer a lot that are not relevant to most people)
Not a lot of turnover, so you can easily identify the bullies and avoid them
If you've been here a bit and built a good reputation, you can coast. (easier than proving yourself all over at a new place)

Not the greatest endorsement. It's a dim shadow of the company [insert your predecessor bank here] that many of us joined.

Follow up: it sounds like you want to get things done. That is your problem, not the bank’s.

Try reading the Tao Te Ching in your spare time.

The bureaucratic nightmare. If you know how to work it, you can slide by without doing almost anything.

Then again, there are people that do so much and still don’t do anything. It is truly a nightmare for them.

Paycheck