Thread regarding Bank of America layoffs

@1f1 Not to bring in politics, but I was better off before COVID. When COVID hit us, it went down hill. Wages went up, but not enough to offset the retail inflation, utility rate hikes, auto and home insurance rate hikes, and medical premium increases. Working from home was the best benefit during COVID, and now it is being taken away from us in transition to fully back to RTO. Do I blame the id--ts in D.C. for our WFH benefit being banished, NO. BofA Senior leadership can still embrace the WFH benefit and improve our morale. Nope, they can careless about our long and expensive commutes. Later this year, new construction on my interstate will increase my commute time. Yea, me!!!

@1f0 yikes

@1f0 please share how you are better off

@159 Keep telling yourself that nonsense. Biden created the problems and we suffered financially for 4 long years. I’m now so much better off and to have gas prices go up for a couple of months is not a problem.

@159 Keep telling yourself that nonsense!

@17d+1kn22dkpn

1 year old models less than 10k miles still low 20's with AWD. Don't buy a new EV.

@17c Look at your compensation statement... It does not only include your base salary amount. You can learn from your statement on what BofA actually compensates you to include what you are paid and what monopoly money the company supports you on your benefits. While you are reviewing the statement, bounce the numbers against those on Box 12 on your W-2's.

@15a two months ago you probably could have bought a Chevy Equinox EV for under $30k after incentives. Right now, not so much.

@15w it’s not $41mm in “compensation salary”. It’s $1.5mm in salary and $39.5mm in preferred stock options.

the EV credits are still there - lease or purchase, but disallowed if your salary is above a certain amount (I think $250k or above)

@159 Reckless by both Congressional members and Presidents in the last 30 years. Depending on party affiliation, you can dislike whoever is in office. The concern is that regardless of President, global events will and has always affected our economy in one form or another. As for your comment "millionaires and billionaires got all of the tax cuts." Without them, most of us would not have jobs. Most importantly, politicians would not have campaign funds. Working for BofA, I want to know how you feel about BM making $41M compensation salary compared to yours? Forget the federal politicians, why is my salary not going up proportionately compared to BM year after year? This is the pathetic story we have experienced as associates at BofA during high times such as now.

@sk those EV vehicles (at least ones that will fit my whole family) will probably be out out of my price range for many many years to come, even if they were still a credit from the bank (which I don’t believe there is because it’s my understanding that the bank quietly dropped that “perk” - and Trump also eliminated those credits).

It’s just not an option to get any newer vehicle. My vehicle is reliable and has been taken care of very well. I’m nervous to buy in different used vehicle considering all the concerns with companies cleaning up many of those vehicles that were in floods across the US in recent years. I just wish that the bank actually gave us perks that we want and can actually leverage.. such as giving grace and leniency when people are struggling with not only high gas prices, but high grocery prices and higher prices on literally everything right now. I can only hope that the people who voted for this are feeling the pain and smarten up.

@g2
Your argument regarding Biden, false flat in this case because you failed to realize that we were still working from home at that time, and Prices rose under Biden due to high demand following the pandemic and the 2022 Russian invasion of Ukraine.. which is very different circumstances compared to now considering our president has not put Americans first and made reckless decisions that directly impacted the cost of our oil. Very different circumstances. Meanwhile, millionaires and billionaires got all of the tax cuts.

@sk I believe the EV credit given by the bank has reduced if I am not mistaken

Just a thought, but did you know the Bank will give you $4000 back on a new EV purchase? Maybe you can trade your gas guzzler in and charge at home to make things more manageable?

It would be easier to accept their position if I wasn't driving to a site where I'm the only one in my org, to sit in a noisy open setting on Teams via HVD to "collaborate" with all of my teammates in other cities who are doing the same thing. At this point it's a toss-up between cruelty and cluelessness.

I know its hard and I can relate, but gas was higher, closer to $5 a gallon under Biden. Hopefully the prices will come down soon.

@eb Your family hates you... Get to work and get paid!!!

$4 gas could test whether your company cares more about your financial well-being — or office attendance

https://www.marketwatch.com/story/4-gas-could-drive-more-employers-to-let-people-work-from-home-b8362229?mod=home_ln&gaa_at=eafs&gaa_n=AWEtsqeOQRwFYUpIDuxIksmFKvKltz6Yw1ORGw6ELRHoQ4gq1GRypjtoHxQf&gaa_ts=69cd4856&gaa_sig=ZtpXwAC5hbCOATPfeZNymAIHCXcgH8R63SY_oan8_V-T1E6yOHXRcGR3TAg91Xg0LCpOQfhfINFG5RDMdYm7Nw%3D%3D

Cost me 60 dollars to fill up my tank over the weekend. Gas was 5.20 in my area. My Car is paid off, older, and taken care of. only other option is biking or walking and I don't live in a city that makes that a super convenient . Our government hates us, our employer hates us.

@a1 have you tried reaching out to Employee assistance program EAP to see what additional benefits Matt be available to you? I commend you for sacrificing for your family.

@b2 covid has nothing to do with it. The world has changed. The workforce has changed. Not sure if you’re enlightened on what’s going on around the world, but other countries and companies have taken efforts to mitigate the stressful financial environment being forced upon us. The US simply doesn’t take care of their workforce and things need to change - this became very clear in recent years when it was realized that work from home works and is a reasonable solution if companies really want to take care of their associates during difficult times.

@b5
Pride has nothing to do with this, but thanks for the heartless condescending suggestion. A little Corolla is not going to fit myself, three kids and elderly mother. I said truck, but it’s an SUV. Also, it’s an older vehicle and hardly worth anything on trade.

Su-k up your pride and sell the truck - buy a cheap used Toyota Corolla, Honda Civic, Honda Accord, 4cyl Camry or Prius with cash (if possible). Truck isn't needed for our line of work. Life will be less stressful and nobody cares what other people drive.

@OP What did you do before COVID? So why is now any different?

13 miles per gallon is tough. Hopefully you can get a cash car with better mileage for your commute, but I hear your pain! It’s rough out here.

Amen! It just took $85 to fill up my SUV! That’s unheard of - this is literally ridiculous. I wish we could go back to the days when the president didn’t have so much control over the oil prices. I have 3 kids and take care of my 82-year-old mother.. so I’m at the point where I am skipping meals for myself to afford to put gas in my car. If people don’t understand that so many of us are in this position, then they are very fortunate as ignorance truly must be bliss :-(