Q1 and Q2
8 replies (most recent on top)
@c7 yes, starts at mid-year and you'll also be required to rate yourself on your self eval. Rating yourself has been optional.
@c2 WF copycat?
@c2 is this starting for mid year 2026? I haven't heard of any changes
They are changing the rating structure instead of Exceeds, Meets and DNM ... now it will be 5 levels (only for WHAT - the HOW remains same)
the plan is to put as many people through the PIP and fire them. There is no Enterprise funding for severance. We (Tech) are asked to put people in PIP and release. Since this will be cause, no need for severance.
Even in my YE review, i see people giving BS reviews highlighting miniscule issues. Too much panic.
@bw I strongly agree with you. My responsibilities grew in the last five years as our group experienced staff shortages. My working hours has changed. My pay raise was only enough to cover only my auto and home insurance premium increases. Our group has been told that return back to office full time is just months away. Now the pathetic shares from Sharing Success has decreased again to a whopping 56. Divide by 4 for net 14 shares a year when vested. In the news, BOA bragged that it is the ninth consecutive year for "non-executives" getting Sharing Success. "non-executives" is just another term for under-appreciated minions in Wall Street. Why would BOA conduct layoffs when most employees' morale are low and expect layoffs. BOA will never succumb to giving employees the satisfaction. Instead, let employees retire or quit on their own. Unfortunately, BOA has the upper hand as the job opportunities are getting less.
On Groundhog Day, the same prediction will be that BOA will not conduct layoffs in 2026. I will continue to be that under-appreciated minion.
ok, sure, I'll play along.... many of us are already doing the jobs of 3, 4, or even 5 people who have left and were not replaced or back-filled.
they don't need to do any layoffs, their strategy to make everyone as miserable as possible, culls the herd easily -- and cheaply.
they don't gotta pay a penny for no layoffs.
JP Morgan called - said they’re looking forward to leaving Bank of America even further in the dust in all segments of capitalism…
Sure….. Let’s cut 30,000 jobs and still meet our growth goals that the shareholders are now holding us accountable to because of that id--tic investor day stunt. That makes sense.