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

8 replies (most recent on top)

The Bank of America today is indeed one of the worst banks to work for. Toss aside the usual parameters of salary, benefits, job location, etc. and focus on the Culture, the Politics and the Poisonous backstabbing environment that will eventually make any sane person want to quit or move on. This bank is full of people and management that only look out for themselves and judge you by how you can serve Them and how you can fit into Their agenda. No matter what you've achieved or produced in the past, you are expendable and your "friends" will soon turn into your worst enemies, with or without cause. Management is on power and they want to stay in power. If that means blaming SVPs/VPs/AVPs and below for failures, even though it was their decision to hire and cultivate this team of people, so be it. And yes, once you reach your late 40's or early 50's the Bank has a systematic way of excuting its age discriminatory plan by firing people of this age range and replacing them with cheaper, younger employees. Do yourself a favor and stay away. The real BofA died in 1998 and the corpse was cold by 2003.

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Post ID: @YxBvvhI-32upu

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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