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Any Bank of America layoffs before the end of the year?
What are the chances we are safe until after the holidays?
Should BoA managers who lied on H1-B affidavits be criminally prosecuted?
Managers who were laying off American workers (Reduction in Force) while simultaneously lying under oath on H1-B applications saying there were not American workers for those jobs be criminally prosecuted for fraud/perjury? Maybe we should criminally... — read more
Some trading desks are outlawed!
https://www.sec.gov/comments/s7-14-18/s71418-4530302-176067.pdf
Action on 11/26
I have heard that there is another action being taken on November 26. I don't know if this is another my work call in or if it's a round of severance ....does anybody have insight? Timing for severance would be in line with years past although I've... — read more
Severance
What is current # of weeks severance per year of service? Does it vary by org or job type?
Many employees get cash bonuses next month
In an internal memo that was sent to the employees, the leadership stated that many workers that annually earn 100K or less will be rewarded with a $1000 cash bonus and the employes that are making more than 100K per year will be rewarded by 200-500... — read more
Kick the sdm program (in gto) already
Every one in gto esp gbam is frustrated with the incompetent people in sdm program. Many in sdm are just dummy project managers who dont understand changing technology landscape. The actual technical development is outsourced and no one knows to... — read more
Time for year end summary!
And front office managing directors going to take credit for things they didn’t do! If your boss are bad MDs, all your hard work won’t be recognized because MDs will take all credits!
House of cards
When you have too many managing directors in a team, it’s like house of cards - every MD trying to gamble for his own interest not team’s interest. Solution? Lay off more managing directors!!!
I like to be micro-managed
What's the best department to be micromanaged? Micro by incompetent management is even better. Please help!
BAML Markets Managing Directors redundancies
More MDs more inefficiencies. Please promote less MDs and let go more MDs MDs redundancies just like cancer
Texas UI Benefits & Severance
Anyone successfully collect Texas unemployment benefits while receiving severance?
Rates
Rates will go up, profits will go up
Bank of America Layoffs 2019
Will there be any Bank of America Layoffs in 2019?
Bank of America Band 5 Salary Information
Please help if possible - anyone here who might help me to find out what Bank of America Band 5 Salary is? Any info is greatly appreciated.
Badge swipe monitoring?
Does anyone know where and how they are doing badge swipe monitoring? What locations and what are the parameters to be flagged on a list?
Mortgage Applications Nosedive-Housing Market Rolled Over
As goes the housing market, so goes the economy. BoA will see more and more layoffs and they won't be isolated to mortgage origination or lending departments... — read more
Brian Moynihan comments on layoff strategy.
https://www.cnbc.com/2018/10/17/bank-of-america-ceo-brian-moynihan-on-cutting-100000-jobs.html
Best Earnings in History
BAC posted the best earnings in company history today! There are people on my team who equate this to HUGE bonuses! Yeah, right. I guess it is nice to dream.
Anyone in EMEA/APAC/LATAM follows this site?
I wonder if the global offices have as much drama/layoffs/vpn issues as the offices in the US. I know the laws in many European countries are much stricter when it comes to layoffs. How about Asia? Do you guys experience the same c-ap your fellow... — read more
Laying off MD
BAML equities have too many MDs. Some MD here are doing nothing! All because head of equities in favor of his old fellow! Need more HR listening! Fire MDs who receive low employee satisficafion score please!
How will they know if you wfh
All my team is in florida and i am only one in texas. So i work from home 3 days a week. Some one mentioned about a 70 hour vpn usage per month policy after which manager gets notified. How to measure how much wfh one can do?
BOA lays off Oregon underwriters
And there is not a peep in the media. Nobody cares any more. Time to move on.
Layoffs at Mortgage Operations 2019
What's your prediction for 2019, given the macroeconomic trends and the overall push to cut costs? Layoffs or massive layoffs? Reorg in 2019? Again?
employee survey is useless
remember the employee satisficaton survey in June? It’s useless. Nobody care what you said. There is one front office trading managing director, received very low score. Nothing happen to him at all! Because he is friend of head of equities!!!
Nepotism won, again
Front office trading managing director get to stay because of his personal relationship with equities head.
Why is BAC trading at 29.50 again?
Ok. Looks like leadership needs more ideas to generate revenue. Let's help them out.
Losers Who Will Do Anything to WFH
I know of at least 4 people who were given return to office locations recently. Their solution? They all got doctors notes somehow excusing them based on "sensitivity to fluorescent lights" and "severe headaches". There must be some validity as I... — read more
Layoffs today
I know of 7 people in GMCA who were laid off including myself. Anyone else experience layoffs today? Good luck out there.
Organizational memo from the COO
Organizational update A message from Tom Montag To: GBAM employees Christian Meissner has informed me of his decision to leave the company. Christian joined the bank in 2010 during a tumultuous period in the markets. His drive and determination... — read more
Confronting philosophies- Christian Meissner is leaving BofA
It’s hard for me to believe that anyone missed this, but just in case: Christian Meissner, investment banking chief is set to depart from the company at the end of the year, after a month long dispute with the management. Bank of America parted... — read more
Anyone heard about any firm-wide lay-off plan later this year?
There is usually one firm wide lay-off in 2nd half of the year. Is it going to be the same case for this year?
EEOC Claim
Two guys I know filed a claim with the Equal Employment Opportunity Commission over MyWork return to office. Reason being is that women are being given the option to select a location close to their daycare drop offs and men in the same situation are... — read more
Hurricanne Florence
Is impacting many employees in the Charlotte region. Over 100 roads are closed and under water. Many local schools will still be closed tomorrow. A rare FLASH FLOOD EMERGENCY has been issued for Central and Southern Mecklenburg County but have I... — read more