Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Aditya's weekly recognition is not representative

Every recognition email is 90% lndian. It's becoming cringe to even look at without thinking that this doesn't represent the community or customers we serve. When will we see true diversity and inclusion in those emails? All we see is the cost cuts... — read more 

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| 2884 views | | 5 replies (last January 5, 2023)
Post ID: @OP+1krQifQB

Concord Office 2000 Clayton Rd

Rumors on the campus of that building closing, the cafe closed on Friday. Are those employees moving to another building? I know BoA took over another building that was Half Price Books for the branch, but not sure there would be room there. The... — read more 

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| 1850 views | | 4 replies (last January 22, 2023)
Post ID: @OP+1koNVcM3

Prepare for 2 More Years of Pain

https://www.msn.com/en-us/money/realestate/bank-of-america-ceo-issues-dire-warning-for-housing-market-prepare-for-2-more-years-of-pain/

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| 1240 views | | no replies yet
Post ID: @OP+1klvm8O1

After Reporting A Very Bad Bully

After being bullied for many months, the employee reported the harassment. The manager was not happy and started to send a few hundred emails to the employee with all kinds of tasks, requests and questions and accusations in around 3 months... — read more 

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| 1880 views | | 6 replies (last January 5, 2023)
Post ID: @OP+1kkZOh1W

HR said it today…

HR said on a leadership call today, “the bank won’t be offering emergency pay for COVID in 2023.. and we’re getting away from the COVID environment/approach all together…” When asked if they’re going to announce that… the answer was “nope”! Cowards... — read more 

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| 3345 views | | 8 replies (last December 30, 2022)
Post ID: @OP+1kiKjKDD

Making the remaining employees feel miserable

The best employees have already left. In my opinion, this is an irreparable loss of institutional knowledge. There are still many capable people left, however it seems to me that the managers here are doing everything they can to make their lives... — read more 

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| 1980 views | | 3 replies (last December 22, 2022)
Post ID: @OP+1kgLnSv9

BofA is making good employees leave

Some employees are denied opportunities for promotion, even when they have the skills required for higher-level positions. This happens because management's cronies are pushed forwards to take up those opportunities, even when they don't have the... — read more 

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| 2052 views | | 9 replies (last December 24, 2022)
Post ID: @OP+1kgLs2UX

EOY extra bonus / stock the past 4 years

The corporate tax rate is still at 21% which was dropped from 35% in 2018 and led to the bank providing the extra cash / stock bonus the past 4 years. Did this program stop?

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| 2252 views | | 2 replies (last December 19, 2022)
Post ID: @OP+1kgU8Q4t

401K Benchmarking Exercise - Assistance Requested

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more 

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| 1750 views | | 4 replies (last December 17, 2022)
Post ID: @OP+1kdCXny7

Cough cough..

Anyone else have 2-3 folks in their vicinity at the office hacking their lungs out all day?! What happened to “if you’re sick stay home”?!? WTH!! I have a baby.. I’m terrified of RSV! Guessing people aren’t trusted to work from home all of a sudden... — read more 

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| 1920 views | | 7 replies (last December 24, 2022)
Post ID: @OP+1kcLsFY3

How about those survey results?

They must have been pretty bad considering they didn't go over them at all this year. Don't they usually show the results of each question? I guess the only way to send them a message is to not participate in the survey anymore since participation... — read more 

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| 1972 views | | 5 replies (last December 17, 2022)
Post ID: @OP+1kbZohcc

That is how they do it

Some of my colleagues recently left because they could no longer cope with the stress. They didn't want to leave but BofA did everything to put pressure on them so they had to leave to save their health. This may not be called a layoff but it is a... — read more 

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| 2000 views | | 6 replies (last December 15, 2022)
Post ID: @OP+1kbZZfjx

Example of management

Thought I’d give an example to outsiders of how mixed up management and signals are here. Example: relocation of all employees in a building to be grouped by department, squeezing them in to one area when large areas of the building are left empty... — read more 

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| 1530 views | | 3 replies (last December 15, 2022)
Post ID: @OP+1kbifJ0K

Just because

You may see me in the office, does not mean you need to speak to me. I am not interested in small talk with y’all. If you really need to talk, schedule an appointment with me. Thanks.

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| 1683 views | | 9 replies (last December 17, 2022)
Post ID: @OP+1kbz2pCp

Unlimited Time Off?

Do some leaders get unlimited time off? I know that I have been at the bank longer than a couple liters that I’m thinking of, but they seem to have unlimited vacation time… they also have unlimited dental appointments. It just doesn’t seem like they... — read more 

Robberies, how about this?

https://www.centralbanking.com/central-banks/economics/data/7953886/bis-data-shows-surge-in-otc-derivatives-market-value

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| 1100 views | | 1 reply (December 13, 2022)
Post ID: @OP+1kawGdlw

Robberies

Our market has been besieged by robberies over the past couple of months. Another one occurred this morning. Just about every FC in our market has been consistently understaffed for a very long time and these organized crime groups have clearly taken... — read more 

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| 1525 views | | 1 reply (December 11, 2022)
Post ID: @OP+1k8L2BS2

Layoff contagion...

https://www.forbes.com/sites/jackkelly/2022/12/08/layoff-contagion-spreads-from-the-tech-sector-to-everywhere-else/?sh=52d77be72fe4

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| 1580 views | | 2 replies (last December 9, 2022)
Post ID: @OP+1k5O8EfG

Lunch- Jacksonville

Jacksonville campus! Just a friendly reminder to bring your lunch. Co-worker spent $10.09 on an ice cold PB&J with hard bread and a canned bottle of water (disgusting.. and it’s Aquafina- ba-f!) The drink fridge is depleted and one doesn’t even work... — read more 

Maternity leave

Currently on maternity leave, I got an offer for a job that starts a month after my return date. What is the bank policy about leaving after maternity? Will I need to pay back any of the pay? I’ve worked for the bank for 6years.

Intentional incompetence

The same week that my B3 told me not to expect a package because the new M.O. was to make life miserable enough for people to want to quit, our division held an event requiring everyone to drive to their office to attend "watch parties" to see a... — read more 

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| 1900 views | | 2 replies (last December 15, 2022)
Post ID: @OP+1k5BLgc0

Lack of staff

My team is terribly understaffed. Everyone is trying to keep their job and putting in a lot of extra effort to get all the work done, but it's not enough. We need more people. Of course, in the meantime, the motivation of the remaining employees is... — read more 

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| 2182 views | | 6 replies (last December 10, 2022)
Post ID: @OP+1jZ5ejNC

The beatings will continue until morale improves

Well put, the beatings will continue until morale improves. The customers and financial advisors are already affected by the exodus of process supporting employees. Leadership has shown they do not care.

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| 1346 views | | 1 reply (December 2, 2022)
Post ID: @OP+1jYyPcUG

Limited bonuses and increases this year

Limited bonuses and raises this year - very limited pool. Factors include prior year over year increases, job change increases, , if you received a mid year raise for less than $100k people. If you received any of those that will be used against you... — read more 

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| 3140 views | | 9 replies (last January 11, 2023)
Post ID: @OP+1jY08V3Z

Layoff mistake

I was laid off & called back within the same day. Big Boss apologized for what she said was an error. So grateful for my job.

The BoA Constrictor...

...is here. https://www.businessinsider.com/treasury-yields-recession-fed-inversion-inflation-economy-unemployment-1981-2022-11

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| 1292 views | | 4 replies (last December 1, 2022)
Post ID: @OP+1jXAO9C6

Nice advice when dealing with bullying

Unfortunately the extreme pressuring / bullying / inappropriate behavior in its various flavors is pervasive throughout the org. Maybe you can make friends with another team and transfer over to another area that might be better. While I see it a... — read more 

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| 1262 views | | 4 replies (last December 2, 2022)
Post ID: @OP+1jWHw2cV

Bonus

If I decide to leave, what date do I need to stay until I keep my bonus?

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| 1640 views | | 3 replies (last December 1, 2022)
Post ID: @OP+1jWz2NWS

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