Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Irresponsible Hiring

Because of excessive number of managers, global markets is hiring too many people and will lower productivity and hurt profitability

Title v. Job Function

Does anyone have a title that doesn’t match what they do and do you know why that is?

In other words, the water is wet

Toxic company culture is the No. 1 reason workers are quitting jobs, survey finds Nearly one-third of employees are considering quitting their jobs and one-quarter resigned over the past six months, according to a FlexJobs survey. The No. 1... — read more 

Great Expectations: Making hybrid Work Work

https://www.microsoft.com/en-us/worklab/work-trend-index/great-expectations-making-hybrid-work-work?wt.mc_id=AID_M365Worklab_Corp_HQ_SocialOrganic Hybrid/Remote work is here to stay and it’s just a matter of time before this bank caves and offers... — read more 

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| 1186 views | | 1 reply (April 17, 2022)
Post ID: @OP+1ge1QJRU

Free FOOD!?

"Your health and safety are our number one priority!" LOL... https://www.usatoday.com/story/news/nation-now/2018/06/12/workplace-food-options-unhealthy/693955002/

Low Revenue per Employee

Too many managers with a few people to manage. These people are redundant and will lower revenue per employee.

I don’t make enough to keep this job.

I’m very curious what the plan is for those of us making just over the new starting rate with over a decade at the bank. There are plenty of us that have only made lateral moves and been screwed out of increases some years, and we are not bonus... — read more 

Separate the issues

BOFA hasn’t been the most terrible employer. When Covid hit they got us home. Their benefits are competitive with other companies. Even when some states remained opened during the pandemic they kept people at home for over two years. The issue is... — read more 

Why do people exaggerate?

I have noticed that almost always the ones imagining the worst case scenarios are those who are dissatisfied and unhappy but do not have the courage or skills to go somewhere else. "BofA will collapse" - I even heard someone say that. C'mon, is... — read more 

Low Efficiency Ratio

Too many unproductive middle level managers in global markets. This is really bad for our efficiency ratio.

BOFA predicting Recession

https://finbold.com/bank-of-america-warns-recession-shock-is-coming-and-crypto-could-outperform-stocks/

Such a toxic work environment!!

Non stop gossip, drama, office flings, and favoritism. The stress and treatment from management is not worth working here. Just warning people who are thinking about applying. Don't.

Should I stay loyal to Bank of America?

I've spent four years here but my career is going nowhere. Should I stay loyal to the bank and hope the mgmt will recognize my contribution or should I leave?

No hybrid now?

Did Moynihan really say there’s too much risk for people to work from home? In my LOB, they had said we would be going hybrid we just have to wait for the survey and bank to move forward, and today we were told Brian said it’s too much risk for... — read more 

How does it feel to be in a cubicle...

and using your computer to attend the same webex meetings as you did from home? Feeling angry? Frustrated? Sad? Helpless? I love my job, but I wanted to resign immediately.

Blackball List?

Is there some type a list of employees that managers or recruiters have to prevent the interview process? I understand you must have a meets/meets on performance and cannot be on a written warning status but what else could cause so many rejections... — read more 

Games behind the scenes

Everyone here only mentions larger cuts. However, I know a few people who were quietly laid off so it went totally unnoticed. The bank takes care so that no one talks much about these quiet cuts. If someone were to analyze how many people have... — read more 

Survey Released

Here's your chance - make sure you answer how you feel. It's up to them if they will honor the survey results, but if those who really want to WFH don't answer it, then all the office "lovers" that answer instead will skew the results. Please help us... — read more 

You just have to get used to it again

I think people confuse the word “happiness” with the word “productivity.” People are definitely happier working from home. But at the end of the day, a desk is just a desk regardless of where it is. If you have a good work ethic, you’ll be productive... — read more 

No good managers left

How come there are no good managers left here? I used to be able to rely on my manager to help me when I needed it and to have my back. That was when I enjoyed my job. Now I need to pretend I know less than I do so my manager won't see me as a threat... — read more 

RTO Spin

So, if they easily lie about how many employees are just so dang eager to get back to the office, what stops them from lying about the results from this survey? They’re doing it in waves so they can put a stop to it when they realize 80% of... — read more 

OK, that's enough!

I have been working here for seven years and in those seven years I have certainly never been under more stress than I am now. Do you too think that managers often create unnecessary stress here? I just wonder what their goal is with creating such... — read more 

Thoughts on the survey communication?

Are they really trying to see which is our preference or continue to preach this false narrative that the office is better for us. I mean if you really want to find out how most people feel just send the survey without the selling points... — read more 

Seat attendance

There is a guy walking around the floors in Jersey City taking note of who is in their seats. He walks around several times a day, every day.

Force them to make a wfh decision!

It worked for the employees at JP, it can work for us too. You get a return date don’t go in. They can’t fire their entire workforce. He said it, there’s a labor shortage.

Silver Manipulation?

What is going to happen when the CFTC actually has true commissioners and price manipulation in the precious metals market is exposed to the public? Clock is ticking!

Are they even going to come out with hybrid?

LOB keeps telling us to be patient and that hybrid is coming, but waiting for the enterprise to make a move first. Is this for real? Does anyone have any insight as to if hybrid is really coming?

Extension of a medical accommodation?

Has anyone had any luck on an extension for a medical accommodation? I know the bank is pushing hard on RTO but my disabilities are covered. Will I have an issue getting an extension of my medical accommodation that’s set to expire in a few months? — read more 

Final RTO Date 6/1

Received the email today, all employees in office by 6/1. Starting in waves with the first being 5/4. How does everyone envision this playing out?

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