Thread regarding Bank of America layoffs

@e8 at least put yourself on a high deductible
Plan (the cheapest one). One hospital visit could be catastrophic to your financial well being.

And the promise that medical debt won’t hit your credit report is being broken by the current administration.

I can no longer afford medical insurance. The extra sting is no pay increase.

Working from home could have 100% covered this discrepancy in pay to inflation levels by saving on location cost and creating a higher ROI for employees to take advantage of. Even if there is some metric which is lacking vs in-office, this is easily counteracted by the money saved on location expense.

Let’s not forget how many tens of millions of dollars senior leadership and “friends of Brian” are paying themselves while the rank and file employees have been asking questions like these.

One of the new co-heads of GCIB has been comped enough to be an owner of a professional sports team. The two outgoing co-heads, who lost their jobs because they failed to achieve the mandate of turning around the IB, are staying on as co-chairs and are still making millions.

I’m dropping our health insurance. I can’t afford it anymore. Besides I’ve seen that it is less expensive to get care if you don’t have insurance. It sounds ridiculous, but my provider sent me a bill in error and they did not apply my insurance. I called them to get it fixed, thinking the amount due would surely be less… but I was wrong. The new bill came back $76 more expensive. Same goes for our vision.. my son was not included on our plan and his glasses ended up being less expensive. It’s a scam and the benefits at the bank are not all the day claim. The benefits are difficult to access, impossible to qualify for, and when you call to ask with specific questions, they don’t seem to have the answers.

As usual, gov will address your concerns by expanding H-1b visa and international students from BRICS countries to fill labor shortages.

Look for another job where they pay more. You’re dreaming if you think you’ll make enough money here.

Blast your feedback on “Speak Up” and blast the company over the “nominal increase” of health insurance costs. Too bad that nominal cost of living increases arent available .

Working poor - I’m using food banks and dropping the medical. I work hard, my workload has doubled. I drive a 15 year old car. This company is tone deaf. I never heard of a bank that doesn't “beleive in inflation”.

Let's be honest, 2 years is a gross understatement. What you are speaking of, however, is not a Bank of America issue, it is a US/World economy issue. This is why voting for competent politicians to represent you is extremely important. The problem is, there are very few competent politicians to actually vote for.

The only other safeguard is to: A) constantly grow your experience, skills, resume and network to continually take on new challenges and work your way up the workforce (whether at your current company or another) B) start your own business and make a difference in the life of your future employees C) live below your means and save/invest/grow your passive income and nest egg. All of these things take considerable effort, skill and even luck.