Thread regarding Bank of America layoffs

Do you see a future at BoA?

Just wondering if any of the younger employees see a possibility of a long term career at Bank of America or is everybody under forty here only until they can get something better?

That seems to be the case for most of the new people I met, which, if true for majority, really says a lot about what this bank has become.

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Post ID: @YxBvvhI

7 replies (most recent on top)

BofA is too old school for someone in their 20s or 30s, plus half of the staff will be cut in the next 15 years anyway due to automation so we'll have no choice but to find something new. Banking used to be a stable career, not so much anymore.

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Post ID: @YxBvvhI-17ksh

One of the worst banks to work for period!

They value s--- ups more than merit. Technology way behind competitors.

If you can leave then leave. Most can’t as they only got to where they are by s---ing up.

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Post ID: @YxBvvhI-gmde

@2kgi, spot on! I thought it was just me but from what you are saying I fully agree with everything you said and can verify it from my own experience!

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Post ID: @YxBvvhI-4arr

I saw the future and decided to short the stock along the way.

Not short now but soon :)

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Post ID: @YxBvvhI-3guc

once you hit your late 40's/early 50's, you will have a target on your back if you have been there for a long time. they will replace you with a younger worker at half your salary. they have a very systematic format for age discrimination to get rid of older workers. they can do this by raising your quota, micro-managing you to death, changing your direct supervisor to someone less qualified, bogus performance reviews, ostracism, reducing your incentive compensation, etc. it's all about getting rid of older workers. so, no, there is no long-term future at this bank, at least as it stands right now.

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Post ID: @YxBvvhI-2kgi

This exactly what the bank wants. Start them low and let the leave when the pay increases. Then they can start again with a new employee at the low rate.

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Post ID: @YxBvvhI-1vhv

If they are a Band 7 or 8 and stick around till 2020 they will get $20.00 an hour.

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Post ID: @YxBvvhI-1hqm

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