Lots of people retiring and hardly any roles are being back filled. BOA is getting what they want. Lower headcount streamline operations and paying out no unemployment or severance.

It's clear the bank is trying very hard to induce attrition by making everyone miserable through RTO mandates, insulting raises/bonuses, and taking every opportunity to make the daily experience of working for this company as awful as possible. They... — read more 

All other banks are closing theirs because they're money pits that no longer serve any purpose. Even we have closed a bunch of branches, but at the same time, we're opening more. One new branch just opened in my area (Philly) and five more are... — read more 

Why is it such a novel idea to terminate poor and low performers who are not meeting their goals? That seems like the easiest way to accomplish the downsizing goals? Most teams have people who are not performing up to a standard level? GET RID OF... — read more 

Clearly an attrition move, anyone foresee much attrition due to the company bringing employees off MyWork in the coming months? People are really digging deep on this one. Allowed to stay in MyWork for almost a decade after the program was... — read more 

can the company fire you if they hear you talking about starting a union? And I am all set with the pros and cons of a union. I am aware, just want to know what the company can do legally.

https://www.yahoo.com/finance/news/employers-hiding-secret-strict-return-084100170.html

There is so many different inconsistencies with employees understanding the 3/2 RTO policy when a bank observed holiday falls on a weekday. My manager has told me regardless if a bank observed holiday falls on a weekday we still have to come into the... — read more 

Are the research and adjustments reps for SCRA bands 5 or 6?

I just recently learned about this. You can search your state and the keyword “warn notice” and you will find the department of labor site with a list of companies that have notified them of upcoming layoffs. So far nothing for BofA in the few... — read more 

It’s laughable that every dang leader/manager pushing the RTO workplace excellence joke is SITTING IN A PRIVATE OFFICE while we’re supposed to be onsite so we can all ENGAGE in the open floor (hope you find a desk) seating arrangement. What’s the... — read more 

I'll be the first one to take them up on it!

Anyone else in technology agree that since we went to Agile, we NEVER get any "cool-down period". It's supposed to be in the "IP sprint", but we always use that to "make a date" that's been handed down to us from above. In the "waterfall" days, we... — read more 

Co-worker was obviously sick at the office. Next 2 days off line. Has covid. RTO makes people come into the office when they are not feeling well. Bank could care a less. Don’t be fooled. What is the sick policy?

Anyone catch when BM said we aren’t in a hiring freeze in the 3Q23 earnings call? I work in GRM and we haven’t been able to hire since Nov 2022. So we spend 15 months telling our folks we need to “do more with less” and then we cut their bonuses and... — read more 

https://fortune.com/europe/2024/02/16/remote-work-deutsche-banks-bans-fridays-mondays-return-to-office/ How long will it take for this to catch on? 3 day RTO but not Mon/Fri

I’m at the end of my rope. I’m incredibly resourceful, but Faced with unreasonable demands that don’t have a solution. I’m an administrative assistant who supports an executive (and his team) who expect me to handle approvals and all sorts of tasks... — read more 

Now that the bonus has hit your checking account who else is giving their two weeks notice on Friday?

On a happier news, BM will serve as Brown's chancellor, which is a voluntary role. https://www.brown.edu/news/2024-02-13/chancellor

I have yet to find any two people, let alone 3 or 4, who work together to a mutual benefit. A department is generally held up by 1, maybe two independent workhorses. Yet could be of just about any size. The rest of these teams do things like... — read more 

https://www.americanbanker.com/news/data-breach-affects-57-000-bank-of-america-accounts

Evidently there are some MyWork notifications starting to go out. Expectations are to return to the office without documentation for accommodation. More attrition plays? People who have been WFH for 10-15 years may have a very hard time with this. — read more 

Beginning March 15, all associates will be expected to work in the office full time, 5 days per week. For client facing and sales roles (I.e. BB, GCB, GCBK, GCM, Private Bank) expectation is that associates work from the office unless they have a... — read more 

How does HR justify and allow paying people with same job titles, same experience, same ratings, same education level, and same responsibilities such wide ranges of salaries? How is that ethical? I can (try to) understand a 10-15% differential but... — read more 

https://www.businessinsider.com/work-loyalty-gen-z-millennials-gen-x-boomers-employee-engagement-2024-2

Is it being paid by the bank or does the associate have to purchase it like PTO?

So our group continues to complete work early and on time and things are getting done, but Management forced us into this workplace excellence meetings to enforce this 3 days in office badge swiping cr-p. Our direct managers are called into meetings... — read more 

They do not understand the day to day struggles we have to deal with. I'm tired of being expected to do three jobs for the price of one because somebody many levels above me thinks it's doable by one person. I'm tired of having to work 60+ hour weeks... — read more 

What are the grants based on? Relative to amount of stock received? Is it based on Band level or income? There are B4s who received different amounts of stock units so I’m just curious? Anybody know?

https://finance.yahoo.com/news/bank-america-cuts-ceo-moynihan-212851558.html (Bloomberg) -- Brian Moynihan’s total compensation as chief executive officer of Bank of America Corp. declined 3% to $29 million for 2023, a year in which pro... I don't... — read more 

I know it, you know it and BoA knows it. A 3% merit increase and a 10-15% bonus still leaves you way under paid as inflation eats away your $. So as you sit there thinking about the fact that once again you’ve been duped, short-changed and... — read more 

I left BOA a year and a half ago for several reasons. Work burn out post Covid was the primary one. People were leaving in mass numbers and work was being piled on me. It got so bad I started to struggle with depression. This was the start of them... — read more 

BM said something about cash awards to a select number of associates and that managers would discuss with those who would receive in February. Has anyone heard when in February these cumbersome conversations will happen?

E / M with no increase in total comp, don't forget about the flying inflation outside of the world. I am literally living a worse and worse life as I'm working here.

I’ve heard various rumblings about the MyWork program….that they are going to have to re-certify and/or come back in the office. Anyone know anything? I got pulled out of it a long time ago and supposedly the whole program was going to be abolished... — read more 

My team look like zombies walking around on the floor. Morale has been low for the past year but after this compensation season, it seems to have taken the wind out of everyone's sails.

Looks like new round of Branch closings for 2024 is out. https://en.as.com/latest_news/bank-of-america-bank-branches-closing-in-february-and-march-here-is-the-full-list-n/

This is my first encounter with this type of behavior, as it has never been present in any other company i've worked for. While "Trusting the Team" is a wonderful philosophy, i often wonder when this boundaries into naivety Unlike many posters... — read more 

Management believes that pushing you by yelling at you and making you work like crazy is good for the company. Thankfully, I've landed a job somewhere that's thriving and has a great environment. I'm just sad I wasted years of my life at BofA. The... — read more