We are headed for another crash and I doubt that this time anybody will be willing to help us out like in 2008. The best thing to do right now is to leave the entire banking sector. Plenty of jobs available in other sectors that are not on shaky... — read more 

I believe the bank is done with all layoffs.

WHO WILL THIS CORONA VIRUS AFFECT ALL OF US

There was big layoffs in Plano, TX something that they call as "STS"... 50+ people were laid off on 26th and 27th February 2020. Many more people will be laid off. BoA management have asked all manager too keep picture "very positive" so that there... — read more 

Anyone else getting harassed about this? I’m guessing it’s tied to bonuses for management

Anybody aware of upcoming layoffs? The last date I heard was possibly 2/28.

Howard was not a great tech guy still was cto for a while. CTO is now split btw gbmt and cswt. What to expect? Will it matter at our levels? When is cathy going to quit!!!???

Any word on the next layoff date, and which areas will be affected?

What's the avg Band 5 Bonuses in GTO???..Does every band 5 get a bonus? Also, How do people get title changes. I see all my peers getting title promotions but not me..even though i had great reviews every year...is it because I am not asking for it?? — read more 

My entire global team was just let go. We have to stay to train our replacements. Onshore team members have been there 15-45 years.

Anybody knows?

does anyone know, what is the salary range of AVP vs VP on the corporate side of BOA?

What are BOFA job bands? Please be as detailed as possible.

I used to believe the Bank was motivated to retain employees. When you boast of stellar quarterly earnings but people don't get raises (some year over year) and bonus is the same if you get one, there's a serious disconnect. People are here to earn... — read more 

Many areas still seem seriously overstaffed. Lots of room for reduction of headcount expense. Do lower level managers have higher level managers fooled into thinking they need these bloated staffs? Low quantity and quality of work being done. Just... — read more 

Was SU responsible for the outsourcing at BOA? Think current employer is headed in that direction? Saw Tata in his history. Not at all promising.

Nobody knows when layoffs will happen, but the overall number of employees should be public info. Do you know how many people work at the company? How about the office at Charlotte?

No raise again. 15% smaller bonus. Expenses up. EPS only up due to share buybacks. Things seem shaky. Still lots of idle unproductive staff around.

From the Fox Business News: Delta employees will have more than a billion dollars to keep them warm on Valentine’s Day. The Atlanta-based airline announced it will pay each of its 90,000 employees a bonus worth about two months’ salary on Feb... — read more 

No salary increase ever (been here for 3 years) $3K bonus at VP level. Being asked to work longer hours and am routinely told we are lucky to have a job. Stay away from this place...

i have heard that BOA salary increase & bonus are usually about 2k for salary raise and 2-3k bonus on average for AVP/VP level employees ... is that correct ?

https://twitter.com/remotetools/status/1218167761525829634?s=21

The 2019 Q4 earnings were sh–. Expenses also rose 1 %. What do you think this means in terms in terms of bonuses, cost-cutting and layoffs in Q1 2020?

Go ahead, prove me wrong...

Who knows what level/ jobs will be allowed to have a mobile phone now that mymobility is going away?

It's like all the uncertainty, frustration, and stress are being amplified each month. I'm not sure how much more of it I can take. Sometimes I think that resigning and going to work at any fast food restaurant would be a better alternative to what... — read more 

We had an impromptu team huddle to in Jax. We were told that yesterday the R A C Team in Georgia were told that effective immediately they are gone, given a package and shown the door. The jobs now are in India. So the now BOA says Merry Christmas... — read more 

It was announced yesterday that many associates in Jacksonville will be moving from the Southside Campus to Deer Lake. Most of the people affected were recently brought back in from MyWork, so why were they not placed there to start with? To note... — read more 

Anyone would care to chime in with a prediction about potential Bank of America Layoffs 2020? Any news or rumors?

Hearing more people are getting notice requiring going back into an office. Is the program ending?

Is there an agenda by BOA to start limiting workers with this survey?

Here is the information on Bank of America branches count - the numbers are reliable, I got them from USA Today, the source is from 2015. Bank Of America * Number of Branches: 5,096 Amount of deposits: $1.17 trillion (#1 bank in the... — read more 

This probably doesn't belong here but hey we can share positive news too. Bank announced for 3rd year in a row, the special compensation for most compensation ranges under 350k.

What’s the update on this year’s Thanksgiving layoffs?

Bank of America bucked the Wall Street trend and made a $350 million bet on its own internal cloud — and the payoff has been striking ALEX MORRELL OCTOBER 16, 2019 This story requires our BI Prime membership. To read the full article, simply... — read more 

Where are details for Rule of 70?

The Bank of America today is indeed one of the worst banks to work for. Toss aside the usual parameters of salary, benefits, job location, etc. and focus on the Culture, the Politics and the Poisonous backstabbing environment that will eventually... — read more 

Lately my boss has really been pushing entering time in Workday. Not sure if something is coming from the top of the house, but it seems out of place and highly pressured. I know others on the team enter time in workday, so not sure what this push is... — read more