Be honest. Isn't that the biggest waste of money at this point?
Shared success?
Has anyone heard if we are getting shared success rsu’s this year? I’m out and haven’t checked the old ball and chain email lately.
Bank of America Layoffs 2024
Have you heard anything about potential Bank of America layoffs? Any chatter, news or rumors?
Rumors about more layoffs in January
Is this true?
Scaring us into quitting
Bank of America is trying to use fear to get people to quit and avoid paying us severance. Managers are allowed to bully and yell at employees and nobody does anything about it. We are being told people are being fired and we should be happy to have... — read more
Boss just let me know remote work ok for the last 2 weeks....
Anyone else get the news?
My Work
Anybody still old school Mywork. I heard HR is reviewing everybody one by one to decide if you should still be home or not.
References
Ok, I have a question please. Back in the day we were told that bank employees can NOT provide reference letters to people for their resumes. We could only provide the phone number for HR to verify employment. Is that true today?
Hourly Employees....this is going to pi-5 you off!
Wondering if anyone else has heard of this happening; and if so, what market and LOB? An Admin was working from home and signed in at 7:10am, but entered his/her regular time of 7:30am into Workday. He/she literally got a call from HR that day to... — read more
WFAnywhere
Some companies are telling associates they can work from anywhere the last 2 weeks of the year. Seems like BofA would follow suit since they like to brag about their “great” employee perks..
Year End Survey
At year end 2023- how do feel about the survey going into 2024? How honest do you intend to be?
Title promotions
Some people got both their band and title promotions the same year and we are told they don't normally do title and band together. Basically they can do anything if the manager wants it and HR have no consistency. I was denied a title promotion... — read more
End of year bonus?
For us regular employees, will be be getting stocks again? Or is there any word about an actual paid out bonus like the old times? I know they have received a lot of feedback about the stocks being a poor choice so I wasn’t sure if anything else has... — read more
Band Level Compensation Limit
Is anyone aware of the salary caps by Band Level (for non-revenue generating roles)? Preparing for 2024 comp conversations, thank you! :)
HR confirmed no badge swipe monitoring from monday till year end.
HR confirmed us verbally yesterday but no written communication yet.
Workplace Excellence Enforcement Officer
What team is the enforcement arm for RTO/workplace excellence? I would like to become an RTO enforcement officer or whatever they call themselves. I want to go to people's desks and write tickets for not hitting the 3 days. I'm picturing black suit... — read more
December badge swipe monitoring?
Does anyone know if badge swipes are being tracked the last 2 weeks of the year?
Use your sick time
It's a use it or lose it benefit Some LOBs may let some roll over to Q1 but who knows if they will cut folks Get your doctor's appointments in Enjoy the holidays with your family and let the worrying occur next year ✨️
Badge Swipe Out Machines
I have heard a rumor that offices will soon be installing machines where you will need to swipe out with your badge to be able to leave the office. Supposedly, this is to track who is leaving early as they continue to crack down on who is/isn’t in... — read more
Medical Accommodation
Has anyone gone through the medical accommodations process recently? Specifically for a mental health disorder (legitimate so please be nice) ? How was the process and what should I expect? I was approved last year but not sure if anything changed... — read more
GTS Title Promotions
Anyone have any idea when non MD title promotion will be announced? Feeling like I’ve been having this title promotion talk with my manager year or year and some excuse is made.
Banking collapse in 2024.
A repeat of 2008 is on the horizon. On July 5, 2022, the yield curve between the two-year and ten-year Treasury notes inverted, and it's stayed that way since then. The feds interest rate hike started on March 17, 2022 and was paused on July 26... — read more
% based / grid pay?
Can anyone help me understand this new grid pay??
US Economy added 199k jobs in Nov - low unemployment
US Economy added 199k jobs in November + low unemployment! Inflation cooling and unemployment is not rising… this is the sweet spot.
Ops Analysts Team Manager Cuts
It was announced today that, nationwide, all Team Managers for the Operations Analysts have been eliminated and will be moved to Financial Center Managers. What a slap in the face. We were told that as non client-facing associates we are first on the... — read more
Attrition / Deleted in Outlook
Has anyone seen any attrition after the Nov 27th deadline of complying with the 3 day return to work edict? I just saw my first email recipient marked as “Deleted”.
How bad are bonuses?
Does anyone know? I heard worse than last year.
Can We Get Cathy Bessant Back !!!!
Ok let’s hear all the comments Cathy or Aditya?
Flight delayed home should I drive to office and swipe badge?
My flight home is delayed to the afternoon. Is it worthwhile to drive to the office from the airport and swipe my badge even though in the afternoon? Or do you think time of badge swipe matters ?
ARE WE HEADING IN THE DIRECTION OF BEING REQUIRED TO BE AT OUR ASSIGNED OFFICE LOCATION AND NO MORE FREE FOR SWIPING BADGES AT OTHER LOCATIONS?
I know your required in the office days count as long as your badge is swiped at a BOA facility. However, I am hearing talk about the bank is looking at also monitoring whether an employee has swiped their badge at their "Assigned"location as... — read more
Same sh*t, different bank?
Worked at BofA years ago, and now at Wells Fargo. Have been perusing the WF layoff page and was interested to see what you folks were saying about BofA. Except for the name, one would think you were talking about the same place: RTO hate, concerns we... — read more
Hit with negative moody rating
https://dailyhodl.com/2023/11/19/jpmorgan-chase-wells-fargo-and-bofa-hit-with-negative-ratings-outlook-as-moodys-says-us-government-has-weaker-capacity-to-support-big-banks/amp/
AI in compliance?
A bank is subject to all sorts of regulations. Would AI improve compliance? https://www.latimes.com/california/story/2023-11-18/could-lapd-use-ai-to-analyze-body-camera-footage
BofA Day is Monday
Haircut Monday..
7500 cuts no one noticed
https://www.efinancialcareers.com/news/2023/10/bank-of-america-job-cuts
PTO vs In-office Mandate
So if I’ve been coming in regularly but I go on vacations, logging 3+ days PTO in Workday in more than 2 out of 6 consecutive weeks, will I be punished? I’m simply asking if the bank is essentially imposing blackout dates for the PTO they encourage... — read more
New Role
For those of you who have moved to a new role internally at the bank (B4 role to another B4 role), did you receive a compensation adjustment? Or do lateral moves carry the same comp?