BOA is firing purchase teams across the country including Jacksonville Florida.

Anyone here rumors about mywork starting to return?

Some front office teams don’t work hard. They come late and leave early. They waste lots of time on coffee chats. They do not derserve their pay.

Have had three different people tell me about their job "reclassification" in which they are told their positions are being reclassified to "align to the market" and as a result their salary and band level are being reduced. This is a new one to me -... — read more 

H1B employees how was your severage packages?

The performance assessment is what is biased and is completely manipulated to achieve a "valid" layoff for "any" employee that a manager does not like or want any longer. The Performance Assessment is totally subjective and any objective metrics or... — read more 

less MD, more productivity

Old article worth reading... Sept. 9 — A 56-year-old Bank of America Corp. employee terminated in a reduction in force has no Age Discrimination in Employment Act claim because he can't show the employer's asserted performance-based reasons for... — read more 

What happens to our Pension Plan when we get laid off?

Wondering if the July RIF date will be the 18th or 25th. Usually the 3rd Wednesday of the month. Anyone know?

I will not .... Work an extra second of overtime. I will ... Use a different institution for my mortgage

Less managers, more bonuses

Why are there layoffs and new grads and interns at the bank?

You can help stop H1b abuse. It's rampant. Read below: Those who are effected please send your job details to @USCIS. H-1B Visa violations: Combating Fraud and Abuse in the H-1B Visa Program Reporting Suspected H-1B Fraud or Abuse We have established... — read more 

Using his methods we paid off all of our debt including our home. It took 7 years to accomplish on a strict budget (no vacation, no eating out, drive old cash bought cars, working a 2nd job) but now there is little worry about with being part of a... — read more 

https://www.calhr.ca.gov/Documents/labor-relations-layoff-tool-user-manual.pdf

https://www.google.com/url?q=https://promo.bankofamerica.com/erica/&sa=U&ved=0ahUKEwiCzcbuyeXbAhVl4YMKHdOPDREQFggLMAA&usg=AOvVaw1es1HCUoD7HTnAeqidrVRj... — read more 

1- Can you draw unemployment in NC during severance period? 2- Does Rule of 60 give any insurance benefits once severance is over?

From what I am seeing, once more the hardest hit group are employees in their late forties and fifties. How long are we going to allow this blatant age discrimination to continue? I don't care about the reasoning behind it, this should be and IS... — read more 

I think all these layoffs are an indication of meeting or exceeding earnings target. July 20 calls @ $30 = $0.50 May be a good idea to buy now and dump even b4 earnings.

Tips to avoid layoffs: Complete all training on time. Never argue with any of your co workers and never vocalize your true opinion. Always put your best effort in your work . Document everything and if you are struggling on a task seek help. Never... — read more 

Please share your happy stories about layoffs. Show others how everything happens for a reason and that a layoff is not the end of the world. It is sometimes just a bump on the road to happiness. My sympathies to all those impacted by layoffs. Just... — read more 

Has anyone heard of this? Will they be hiring/firing people in New Jersey or relocate some jobs?

If Bank of America were to spin off GTO, how many pennies would you be willing to pay for it on the OTC

Sad about those that got laid off today. Looking back over the last 15 months...I’ve had 5 managers and 4 different areas of responsibility. Got a new un-named area today..but don’t stop what you were doing before...we haven’t figured out who will be... — read more 

See this thread: @TLzYGv5 -- you may be better off filing for SDI

Got laid off today 6/20. Worked for GTO in Charlotte. My severance package listed 1 weeks pay for every year i've worked at the bank (21 years) and no pro-rated bonus. Paid out for 2 weeks remaining vacation too. I thought BofA subscribed to the 2... — read more 

Please reply to this thread with your location and how many people you are aware of that were let go today. Thank you!

CCS got hit this morning too - very tenured 30+ years and MyWork folks

Anyone here? What's the impact today on Chicago GT&O - please share

Anything else getting hit?

Layoffs all across GT&O.

What is "Responsible Growth"? Creating a culture of fear to eliminate all forms of risk creates an environment where absolutely no learning and no employee development takes place. The result is an organization that just doesn't grow at all. So... — read more 

I have a quick question on the RULE OF 60. Do we have anyone on this page who was through the process? If yes, do you have any details on how the calculations are done for 'Rule of 60' health care premium supplement? Please provide any additional... — read more 

Source:

Any changes since April update? I know 500+ will be laid off but people were promised new jobs in different locations. How are things developing...

Please post any Mortgage Tech layoff updates in this thread. BAC is not the only bank laying off right now, the overall market is not that great.