Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Clock your time

Employees that don’t clock time daily also DONT CLOCK THEIR TIME OFF in workday… guess what that means… they got 5 days that rolled over again and again the past couple years (knowing they took that time off). So just another way those who get... — read more 

Sabbatical

This is a milestone, 30 years for me. I never received any type of email or anything about Sabbatical. Does anyone know how to apply for this? Am I too late now?

Does this bother anybody else?

It seems hard to find anybody under the age of 30 who is truly dedicated to their work. The majority of new employees are only willing to work during their official hours and seem completely unwilling to put in any extra effort or time. This is true... — read more 

Recent severance experience

Seeking first person awareness of retirement severance being offered. Not interested in the speculative responses so prevalent in this forum. Very simple question to help someone make a decision. Do you have direct awareness of anyone receiving a... — read more 

MAJOR Outlook Issues!

Anyone else having serious issues with Outlook and maybe other platforms running so slow that you literally can’t get anything done?!? This is INSANE! Been on the phone with Support so many times and they keep blaming one thing after another before... — read more 

CFO Group- Black History month meeting

CFO group picked a Caribbean guy to host the black history month meeting. When asked about any obstacles faced during his career at the Bank, he said his life is going “damn well”. 🎤 drop. Lol.

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| 1180 views | | no replies yet
Post ID: @OP+1lpgTRv4

Threatened to show up at office more or face penalty?

Im getting emails form my bosses that upper management is looking at who comes to the office and those that aren't coming in will get consequences.. WTF... Is this high school or something.. Why the bullying now ??

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| 3430 views | | 16 replies (last March 5, 2023)
Post ID: @OP+1lokp3l8

Just do the bare minimum

Remember the bank does not care about you. Don't go the extra mile for it and have low expectations, if you aren't getting paid well then move on. All the double speak your managers constantly use such as "responsible growth", "pay for performance"... — read more 

Redeployed

Who else has been redeployed to Life Event Services?

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| 2010 views | | 6 replies (last February 28, 2023)
Post ID: @OP+1loE5ifA

Increased responsibilities and pay

My coworker left and I now have their daily responsibilities which a band level higher. In this environment of no new job postings, limited bonuses and raises, should I expect or ask for a pay raise?

Nervous about Mondays

I joined a team in ops some time ago. The manager is so toxic he used every single meeting with him to constantly criticise me and belittle me. I have been with the bank for over 5 years and never had to deal with someone this toxic. I have been a... — read more 

No soft landing?

https://www.msn.com/en-us/money/markets/no-soft-landing-is-in-the-cards-from-fed-rate-hikes-look-for-recession-and-a-buying-opportunity-once-stock-prices-decline

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| 962 views | | no replies yet
Post ID: @OP+1lnL3CRW

1.2 billions in fines

https://finance.yahoo.com/news/bank-america-totaled-1-2-084259411.html

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| 1640 views | | 6 replies (last February 27, 2023)
Post ID: @OP+1llXvvID

Job-cutting process

It seems that attrition alone is not enough and they are going for headcount reductions. I wonder how decisions will be made about who gets laid off in investment banking. Do you think that the target will be the worst performers or someone else?

Medical accommodation process

Going for one for the first time related to mental illness and I do not want to share the details of this but it's documented and my psychiatrist is going to complete the form for me. Do I need to have a discussion in more detail about why an... — read more 

Unused vacation

When you resign what will happen to the left over vacation ? Is that going to be paid or is it better to take off ?

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| 1780 views | | 4 replies (last February 25, 2023)
Post ID: @OP+1le6btCR

200 Jobs Cut in BofA Investment Banking

https://nypost.com/2023/02/16/bank-of-america-plans-layoffs-at-its-investment-bank-report Bank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday. The number of cuts, which are still being discussed... — read more 

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| 1654 views | | no replies yet
Post ID: @OP+1ldm0TO5

Bonus up/down from last yr? Salary raise?

How much did your bonus go up or down from last year on a percentage basis? Did you get a salary increase, and if so, what %? My case is unique as I moved to a new group 6 months ago. Curious to hear from those in a more typical situation (stayed in... — read more 

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| 2420 views | | 7 replies (last March 8, 2023)
Post ID: @OP+1ldOkFaC

Layoffs speculation

Are people just trying to create panic when they write that massive layoffs are around the corner, or is there actually some truth in that?

10 year anniversary gift

Can anyone share what the 10 year service anniversary gift (approximate value) is? I know we get to pick from a catalogue…just curious if it will be a ream of copy paper or a fancy paper clip holder?

Loyalty at Bank of America is a thing of the past

I'm sad to say that the company that once valued its employees now couldn't care less about them. We were considered to be a valuable asset once upon a time, but now we are nothing but numbers. No matter how long you've been here, they will cut you... — read more 

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| 2240 views | | 7 replies (last February 24, 2023)
Post ID: @OP+1laziM6X

Contractors RTO

Are they seriously going to force DPT contractors to RTO for Charlotte? I heard there’s spacing issues/construction still pending for an office near the Gateway Center? How do they even pick criteria for this (eg what if a contractor only has 3... — read more 

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| 2150 views | | 7 replies (last February 20, 2023)
Post ID: @OP+1l8IORHL

Work from home

I just heard the Concord location gets to word from home full time. I would love that option. Ok for some to work from home full time, but not all.

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| 2210 views | | 6 replies (last February 20, 2023)
Post ID: @OP+1l7F6yM1

When are we getting rid of middle management?

I think every employee in the company knows, other than the C-suite of course, that the most corrupt and broken part of Bank of America is its middle management. They are basically a black ho-e where all communication between the leaders and the... — read more 

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| 1740 views | | 3 replies (last February 11, 2023)
Post ID: @OP+1l6tMX9r

Medical Accommodation runaround

I feel like HR is making it more complicated to get my accommodation approved this time around by not responding and claiming they're not receiving paperwork. Anyone else having that problem? Is there an appeals process if it gets denied? Or can I... — read more 

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| 1830 views | | 4 replies (last February 20, 2023)
Post ID: @OP+1l5VaoUC

BOA stock as part of your yearly compensation

When an employee receives shares of BOA stock as part of their yearly compensation, is that based on their band or salary? I always thought it depended on your band but a comment in another thread makes me think otherwise. Just curious if anyone... — read more 

How to manage clear case of Manager Favoritism

Fraud team here.. My manager is clearly showing favoritism towards a peer which is very evident to all across her org. Often other team members will be yelled/disrespected/least respected on team calls while that specific favorite will be handled... — read more 

Relying on attrition

If BofA relies on attrition in order to save on severance pay, then I don't know how successful that "strategy" is for them?! Despite all the pressures, none of my colleagues have left for a long time, not because they want to stay here, but... — read more 

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| 1892 views | | 3 replies (last February 4, 2023)
Post ID: @OP+1kZ9gaG4

Agile Tams In Office Requirements

What is the in person requirements for teams in GT&O that are registered in the agile registry? Is it like WF where they don’t have to go in a set amount of days and just for special meetings?

What does BOA severance look like?

I read about people on here waiting to be laid off so they can receive a severance package. What exactly is the package? I came across another thread that said 2 weeks pay for every year worked. Feeling very nervous and in the dark about all of... — read more 

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| 2580 views | | 9 replies (last February 4, 2023)
Post ID: @OP+1kXRxBcR

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