Thread regarding Bank of America layoffs

This must be why they are doing new badges with more built in security. Don’t be surprised if your badge has a tracker

This is coming… like we all were told minimum of 8-1 ratios and that 10-1 was coming. No no that’s a rumor. Lo and behold, 10-1 is the new way. 5 day are coming and no one will care about your feelings. You can leave, and the company couldn’t care and likely wouldn’t even backfill you.

I didn't realize this is a fantasy forum. Okay then guess what I saw? Everyone will have to go into the office 5 days but will have individual offices. Also catered meals, massages and yoga room.

Maybe the'yve finally "listened" to all the negative Employee Feedback regarding the disastrous cootie-infested, sticky keyboard, left-over sandwich, rotten smelling Open Workspace and are "Taking Action" by bringing back cubicles.

I'd take a cubicle over Open Workspace any day. Preferably with walls up to the ceiling.

Oh, wait, this is Bank of Brian & Co. I forgot, they don't care.

You saw cubicles? Yeah that sounds made up. We haven't had cubicles for years. New workspaces won't have any walls.

I sneaked into a newly renovated room in our building and there were about 200+ brand new cubicles with monitors, webcams, and keyboards all assembled. Looks like they are getting ready for a full RTO.

they’re gonna start trying to squeeze us in like sardines so next time there’s a pandemic issue we’re all in trouble because you can’t escape those germs or give space to protect yourself. it’s not that far-fetched and it’s super gross to think about all the germs with so many people crammed together. Meanwhile, leaders are in their cozy offices, making these ignorant decisions.

@3rss+1uIaKMGD - not just an attrition play. (they easily accomplish that by just making us miserable and paying us down year after year.)

Corporations with >80% attendance are getting State and Local TAX CREDITS.

Yup -- our newest earnings booster.

Most, if not all, the badge swipe technology is managed by ONE company -- named CAPTIVE. (oh, the irony. cannot make this stuff up)

Captive provides the data to businesses by company location. They also provide Aggregated Data to the Federal Govt as a measure of Economic Productivity, which is beginning to be shared publicly for investors.

Would not be surprised if they also monetize their data by selling to Private Equity firms and REIT managers who have bought majority stakes in most commercial real estate.

Have heard rumblings that the U.S . is pushing for 100% Attendance to Revitalize our commercial districts. More Tax Credits for More Butts in Seats.

So BAC, JPM, Citi, GS -- all hopping on the money wagon.

Why else would FANG companies -- which sell all the technology that makes Remote even possible -- be pulling employees back to their campuses as well?

Follow the money...

Plus, I think the old-timer managers (am a boomer myself) have actually convinced themselves and believe the in-person collaboration b.s. Personally, I am much more productive without the constant interruption of mindless, gossip babble in the office each day.

Morale? HaHaHa!! That went to sh-t with the bonuses years ago.

I know of nobody that wants 5-says. No. Body. The only ones who want it, are those mid-tier micromanagers who are afraid to be exposed as 0% contributors to the bottom line. Those who are hired to simply micromanage a team, ignoring the realities that when they are present, their “team” is rolling their eyes at them because they actually understand maybe 35% of what they’re supposed be managing.

I will do what is asked for in office requirements however, my level of flexibility SIGNIFICANTLY goes down when I'm given no flexibility.

They're going to have to hire some evening /weekend employees. Once get home after a 45 minute to 1 hour commute each direction I'm finished. I'm not putting in anything over 40 hours. That extra time I was willing to put in as a salaried employee is now being used up by my commute.

Really hard to see what benefit or upside there is for the bank from pushing for this full-time RTO.

Only possible thing could be that they are not getting the attrition rates they want and are trying to accelerate it. Because this will certainly accomplish that.

I hope they do not think they are going to get increased production. More likely, they will get the opposite. More people will engage in "quiet quitting" tactics, and those who already were, will be more aggressive with it.

They are always looking to rock the boat here.. If things get comfortable and smooth they rock the boat again by pushing employees for more RTO or squeeze people into smaller office spaces..

To: @1tep+1uIaKMGD
Sounds good, reach out to me. I will be waiting to hear from you.

OP, I think I know who you are, my AI model correctly predicted after analyzing patterns from your post comparing with your previous eMail texts. Let's connect tomorrow.

Sounds like it is still based on LOB. It is not realistic for every location and department. Amazon is loosing talent even at their comp levels.

I really don't care about this shlithole bank. I will continue to half azz my job and look for something else better. This company went from sugar to shlit. They have a bunch of nitwits running this bank into the ground. I see why Warren Buffet sold millions of his BOA stock.

Just want to say thank you for putting information out there.

Thank you -- sounds about par for the course around here.

I wonder if they are setting aside a Special Reserve Fund for the harassment suits when they have us all sit in each other's laps, because there is not enough room!

Because we all know there is no way they will spend a penny more on office space, even though our downtowns are dying. Leasing moe space to support our local economies would be The Right Thing To Do.

And while you're at it, give us a COLA to help us afford the commute.

Oh wait, they just spend the money on themselves, I forgot.