Any new info on internal movement between areas or depts or layoffs?

Not BofA but an idea of where things are headed: https://fortune.com/2023/04/05/return-to-office-policies-discipline-work-from-home-firing-bloomberg-apple-roblox/

https://www.brookings.edu/podcast-episode/will-silicon-valley-banks-collapse-lead-to-a-financial-crisis/

Now that I look back at the events of the past few months, it is surprising how many of my colleagues have left, considering that it is not the easiest to find a new job right now.

Should we assume that we'll have no layoffs before then? I'm thinking that the management will wait to finalize and report numbers before they decide to let go of any more people. But I also think that after the report all bets are off and we might... — read more 

Received external offer (w/ slight bump, but longer commute). Informed manager, who is consulting HR for retention options. I've heard of off cycle increases, but how hard are they to get, plus wondering if hiring freeze lowers probability of getting... — read more 

I keep hearing it's a lot of locations that are now doing open seating instead of having assigned cubicles. Is it because of people not returning to the office and the medical "accommodations"? So far from my location we still have assigned seating... — read more 

What do you see around you?

Someone just told me HR is reaching out to people regarding their lack of badge swipes and failure to return to office. Apparently some people have been fired over failure to return.. Is this true?

What genius suggested that it was a good idea to send badge, access, guardian approvals to literally every ACR that ever existed regardless of the site building and location. WTH? I’m spending a great deal of time deleting these damn emails.

The comments are turned off on flag scape. Connections has been down for days. They will start “moving” people around in locations soon….

2x the bodies for the amount of space, it doesn’t seem like there’s room for us at all without disrupting people’s personal space, while they are still chasing down additional FTEs to come in.

RTO reports will be sent to managers next week. Combination of badge swipes and VPN time for the Jan - March. Those not in compliance will be given a verbal warning. Reports will be produced monthly thereafter and continued failure to comply will... — read more 

CS lost a lot of talent and paid the price. B of A brings the RTO fist down as a way to drive out good people to avoid paying severance. Will they learn anything from this?... — read more 

They want employees to be just as productive as they were working from home but also want them to be in an open space office where the distractions are endless. RTO would make more sense if it was truly beneficial but I've yet to see it and... — read more 

Has anyone heard any real news about redeployments or layoffs coming this week? I am worried with this rumour of March 27th going around. https://www.pymnts.com/news/banking/2023/bank-of-america-reportedly-shifts-employees-from-lending-unit/

"Simple. Limit VPN to 18 hours total between Mon-Fri 8-5pm local time. After hours and weekends would be unmetered." No 40 hours should be all that is required, weekends and afterhours need additional pay and benefits.

I have been with the Bank for 15+ years, manager asked for my resignation during 1on1 conversations. Is this kinda layoff without any severance package? What are my options?

In the beginning I thought that a lot of people would prefer to leave because of the convenience of working from home and not wanting to return to office, but it seems that there aren't that many of them afterall?

Has anyone noticed any managers suddenly announcing their retirement from Bank of America in 2023?

Retiring from a bank successfully has become as rare as finding a needle in a haystack due to all the layoffs going around for the past several years. In fact, your chances of getting struck by lightning are probably higher than achieving a... — read more 

I got 120 stocks deposited into my account for 2023 but dont recall at email about the amount.

Anyone else get "the call"?

Or should we wait for an even better entry point?

Reason 1,659 why I hate RTO.. they want us to plan engagement activities- but not everyone can RTO, so we have to “get creative”.. but we can’t just send gift cards, can’t get home addresses in order to include those with accommodations, but we have... — read more 

https://nypost.com/2023/03/17/why-woke-frisco-fed-chief-missed-silicon-valley-banks-warning-signs/

People at Bank of America knew what was happening across the banking industry--and the overall economy. Deregulation, vulture capital, wars, crypto, worthless tech startups, Chinese hustles, funds of funds of funds. Climate chaos and an aging... — read more 

For those trying to comply with 3/2, are you counting days off (vacation, personal, holiday, sick, etc) entered in workday as a office day? I haven't seen guidance on this but know some other companies that do 3/2, count days off as an office day... — read more 

https://www.morningstar.com/news/marketwatch/20230315728/academic-study-flags-186-banks-vulnerable-to-a-run-like-silicon-valley-bank

https://www.cnbc.com/2023/03/17/jpmorgan-ceo-jamie-dimon-aware-of-jeffrey-epstein-trafficking.html

https://voidnetwork.gr/wp-content/uploads/2016/09/Does-capitalism-have-a-future-a-book-review.pdf

Heard in 2 different meetings today that they're tracking the in office time now, and that non compliance with the 3/2 rule "will be considered and evaluated". Scare tactics or truth?

If you're attending daily back-to-back-to-back meetings, you're really not doing any work. CEOs accuse tech workers of doing ‘fake’ work as layoffs roil industry The CEO accused tech companies of predatory hiring and said laid-off employees were... — read more 

https://www.cnbc.com/2023/03/07/even-as-layoffs-increase-employees-are-pushing-back-on-return-to-office-mandates.html

Interesting to watch. https://seekingalpha.com/symbol/BAC/

I read an article last week how the SVB risk leader was more focused on woke policy enactment and increasing d and I initiatives than actually looking at and studying and advancing financial areas and policies of the bank. Anyone reading this post... — read more 

Is Silicon Valley Bank just the beginning?

People that are unhappy with the bank should quit.