Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

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.

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| 2560 views | | 6 replies (last January 13, 2024)
Post ID: @OP+1qlxE9PD

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 

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.

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| 2190 views | | 8 replies (last January 1, 2024)
Post ID: @OP+1qaPfjuF

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?

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| 2080 views | | 6 replies (last December 30, 2023)
Post ID: @OP+1q9PprCn

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..

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| 1900 views | | 9 replies (last December 21, 2023)
Post ID: @OP+1q8YvHHc

Year End Survey

At year end 2023- how do feel about the survey going into 2024? How honest do you intend to be?

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| 1660 views | | 8 replies (last December 20, 2023)
Post ID: @OP+1q7sXKyH

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 

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| 1800 views | | 3 replies (last December 22, 2023)
Post ID: @OP+1q65FXe4

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 

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| 1941 views | | 1 reply (December 14, 2023)
Post ID: @OP+1q4s0tgT

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! :)

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| 2100 views | | 7 replies (last December 17, 2023)
Post ID: @OP+1q4gvrgc

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 

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| 1690 views | | 6 replies (last December 21, 2023)
Post ID: @OP+1q3y8L8w

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 ✨️

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| 1240 views | | 3 replies (last December 14, 2023)
Post ID: @OP+1q3ME8l8

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 

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| 1320 views | | 5 replies (last December 29, 2023)
Post ID: @OP+1q2LNfSD

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.

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| 1410 views | | 8 replies (last December 16, 2023)
Post ID: @OP+1q2z00Es

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 

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| 2140 views | | 7 replies (last December 20, 2023)
Post ID: @OP+1q2fKCl6

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”.

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| 2170 views | | 6 replies (last December 1, 2023)
Post ID: @OP+1pQJGwFD

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 

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| 2410 views | | 6 replies (last November 29, 2023)
Post ID: @OP+1pHXAWYz

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/

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| 897 views | | no replies yet
Post ID: @OP+1pF94OFr

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

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| 1020 views | | 1 reply (November 19, 2023)
Post ID: @OP+1pFqOy71

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?

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| 1770 views | | 6 replies (last November 21, 2023)
Post ID: @OP+1pz4Rwcb

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