Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

I'm ready for the week ahead

I will show up to work at 9am in order to make it to the standup meeting and will lie my as$ off about the status of my story. Then I will pour some liquor in my coffee while I browse this site and post some annoying c-ap, follow by more web browsing... — read more 

Contemplating a career move

Hello all I am currently in the process of looking for a job. I have been forwarded some interesting job openings including python developer using bank propiatory framework and Boeing 737 Max pilot. Which job would rather take?

Another closing

Bank of America is closing Bullhead City financial center. http://www.mohavedailynews.com/news/bank-of-america-closing-bullhead-city-branch/article_6577afb8-6bd7-11e9-abe6-db5deedfbdcb.html

MyWork is a mess

Many that have been returned from MyWork have handshake agreements with their managers to be in office Tuesday, Wednesday and Thursday. Work from home is fine on Monday & Friday. The problem is that many of these people sit next to or nearby people... — read more 

Badge Swipe Counts

Are employees, particularly those returning from My Work, being monitored for how often they swipe their badges?

Layoffs next week?

People are talking layoffs will continue next week - any truth to that?

Earnings are weak and Below Expectations!

This is what you can expect when you lay-off experienced workers of all ages. The loss is compounded over time and will affect the bottom line at various points in the future. This will not affect managers' salaries and so they don't need to worry... — read more 

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| 2630 views | | 6 replies (last April 17, 2019)
Post ID: @OP+YBGse4x

It's all about getting rid of older workers

once you hit your late 40's/early 50's, you will have a target on your back if you have been there for a long time. they will replace you with a younger worker at half your salary. they have a very systematic format for age discrimination to get rid... — read more 

Free Money

Lots of Managing Directors in trading are getting free money. Trading revenue is estimated decline significantly. However, Bank of America still have too many trading managing directors. These MDs didn’t create enough revenue yet get paid ten times... — read more 

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| 2390 views | | 8 replies (last April 18, 2019)
Post ID: @OP+YyuwssA

Do you see a future at BoA?

Just wondering if any of the younger employees see a possibility of a long term career at Bank of America or is everybody under forty here only until they can get something better? That seems to be the case for most of the new people I met, which, if... — read more 

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| 3370 views | | 8 replies (last October 17, 2019)
Post ID: @OP+YxBvvhI

when is the next layoff for remote workers?

is there another wave coming? (we know the layoffs are happening all the time but is there a big wave coming associated with the location strategy that was openly shared in reilly's organization?) he said there were just over 200 left in the program... — read more 

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| 2153 views | | 2 replies (last April 19, 2019)
Post ID: @OP+YubRIof

Expertise is not important anymore

Older workers cost more and usually have less energy and don't always do as they are told. Since the bank does not take any calculated risks at expanding the business anymore, expertise is not really important any more and so the menial activities... — read more 

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| 1513 views | | 1 reply (March 29, 2019)
Post ID: @OP+Yj9PjJZ

Older employees at more risk

From what I'm seeing, majority of people who were laid off in the past several years have been over fifty. There are some younger folks in there as well (can't make age discrimination too obvious,) but it seems pretty obvious that the goal is to... — read more 

What sites are considered core?

Does anyone have a true list of sites that are considered core? And is there a date for when all are supposed to be in core sites?

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| 1950 views | | 5 replies (last April 19, 2019)
Post ID: @OP+YcPTEUH

Layoffs next week?

There were rumors going around recently about more layoffs mid-March - is that still happening or was it proven untrue?

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| 2690 views | | 3 replies (last March 21, 2019)
Post ID: @OP+XXsJFDv

Forced band reduction, what are my options?

I was reduced from a band 4 to a 5, responsibilities reduced slightly, no immediate salary reduction. I didn't want to poke the bear and ask "What if I dont want this? What is the alternative?" So what IS my alternative, could I have asked for a... — read more 

G t & o no more monthly incentive

Best cost cutting sharade yet my monthly incentive gone. Then they tell me I got a salary increase It was about 60 perecent of what I had been averaging in incentive. Hell of a way to let us know we just got a pay decrease.

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| 1880 views | | 8 replies (last April 10, 2019)
Post ID: @OP+XVSdYQc

401k Contribution

Anyone else not get the yearly 401k contribution? I don't recall any news that it was not happening this year.

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| 2000 views | | 8 replies (last March 13, 2019)
Post ID: @OP+XQ0cf88

MyWork - Numbers left

does anyone have info on how many mywork people are even left in CB’s organisation? is it going away this year in total?

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| 2000 views | | 6 replies (last May 30, 2019)
Post ID: @OP+XNEnuDB

Layoffs in GT&O Finance

I’m hearing associates in Jacksonville were impacted. Any other locations?

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| 1207 views | | no replies yet
Post ID: @OP+XLTGvY8

Wednesday Layoff

Let us propose a new metric MD ratio. That means how many MDs in a given cost center. Some cost center doesn’t make money but have way too many MDs!

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| 1270 views | | 2 replies (last February 23, 2019)
Post ID: @OP+XLj8THL

Can you feel it?

"Moody’s said U.S. corporate leverage now exceeds levels seen prior to the financial crisis, creating direct and indirect risks for American banks. Fortunately, Moody’s associate managing director Andrea Usai said banks are much better-positioned to... — read more 

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| 1410 views | | 4 replies (last February 27, 2019)
Post ID: @OP+XKxROKh

WHY DON'T YOU UNIONIZE!!!

Instead of all the complaining and worry. Why not just unionize. Get bunch of you together and unionize. It s the only way to ensure you are taken care of. Think of all the local state and federal employees with pensions. That nly happens because of... — read more 

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| 1300 views | | 3 replies (last February 22, 2019)
Post ID: @OP+XIwOB5d

A blessing in disguise

Anyone and everyone ever had been laid off from the Bank ends up in better spot. Don't get discouraged. It is a blessing in disguise. This sentence was originally a reply to one of the other threads by @XG0fl1n-ucx . Have to say that I agree 100%... — read more 

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| 1230 views | | no replies yet
Post ID: @OP+XHOvXbz

Recommendations

I'm looking for recommendations on what to do after being laid off with a little one

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| 1800 views | | 4 replies (last February 19, 2019)
Post ID: @OP+XG0fl1n

No prorated bonus

Word of mouth and some posts here last year said that annual bonuses were prorated if one were severed after mid-year. There's no mention of it in the severance package and none was received on Feb 15. Thought you'd want to know.

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| 1470 views | | 3 replies (last February 18, 2019)
Post ID: @OP+XEFlbyO

Advice to Millenniums; don't be loyal!

If the company hired you because you are young and cheap take notes because one day you will be old and wrinkled .... Take all your vacation, take full hour lunch breaks, make use of sick days and always be on the look out for a better opportunity.

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| 1420 views | | 4 replies (last February 18, 2019)
Post ID: @OP+XDuBIQ2

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