Several in Addison let go in Foreclosure Referral...about a dozen....also a few in Amon Carter......team managers included

Just looked up Texas warn noticed...Amon is getting hit 6/15....87 peeps to go

The manager has his team do the work but only he gets any credit. His manager then gets credit as well and so on. The team can always be replaced easily and so it could have been done by anyone anyway so why make a big deal about workers? It's the... — read more 

BAML markets MD are richest one percent in the country. Do they dersve their pay?

Turnover is a huge waste of money! Turnover rate need be included in MD’s performance review. Manger’s headcount need be reduced if people keep leaving from him

$7 Billion profit for 1st qtr 2018 and a 14 point reduction in their corporate tax rate Jan 1....and they're still laying off 20 to 30 year technology and ops employees??? Must have very poor executive management that doesn't seem have the knowledge... — read more 

I hope everyone who is complaining about their bad bosses will share the info in the survey. They really do care about those results from my experience.

How could some global market MDs shameless took al credit? He didn’t do any real work. With or without him, team can still get work done.

... stepping on sh-- on your way to work ... your spouse cheating on you while you work ... your dog peeing on your hardwood floor ... Neighbor stealing your newspaper ... Being served Tang when you ask for 100% orange juice So why do you work where... — read more 

Has anyone else heard about folks being denied MyWork exit? I have heard rumors that folks are not being allowed to exit the program any longer. Not sure why or what that means for them.

It is that time of the year again where we get to grade management. Since transparency is always good. We get to do it on thelayoff.com What are the biggest accomplishments achieved by management for the year 2018?

My LOB (Marketing) allows 72 hours a month of VPN time to work offsite if you are not My Work. We are starting to hear from other business units w/in Marketing that VPN time is no longer allowed. Anybody else on here from Marketing that has had their... — read more 

some do but some not. need to get rid of those MDs cannot make money and cannot manage.

Which group is the worst group to work for at BAC?

If front office can not generate enough revenue to justify resources they received,then they need a cut. If Mangaing Director can’t manage, he need to leave!

Managing director who can’t manage shouldn’t stay. Should cut their headcounts

https://www.marketwatch.com/story/apple-and-goldman-sachs-in-joint-credit-card-venture-2018-05-10

Majority of the people who were laid off in the past couple of weeks were people who had many years with the company and are in their late forties and higher. It looks like ageism at Bank of America is still flourishing. What are the chances people... — read more 

We just received the presentation deck from last week's all-hands call. I noticed in the addressee list, there were names with "deleted" attached...meaning they left or were let go recently. Since their profiles are still Flagscape, I did some... — read more 

Autonomous Research also issued a report last week that estimated that in the U.S. alone, 2.5 million financial services employees will be “exposed” to AI technologies in the front, middle and back office — 1.2 million working in banking and lending... — read more 

Some front office team are wasting bank’s money! Their desk head should be fired! Sign of bad team: High turnover Negative revenue Late at work

Trading MDs once again survived from layoff. Most of MDs are not doing any real work and should be let go.

Do we have any idea on how big last week's round of layoffs was? We know several locations were hit but we know very little about the actual numbers? Also, what are the chances it is not done yet and it will spill over into the following week? As if... — read more 

I have 17 years of consulting experience, and recently I attended a “by-invite job fair” by BofA. This job fair ran for 3 days with 2 sessions/day. Approx 30 invitees per session. Invitees were selected based on an initial phone (non-technical)... — read more 

When will the next round of layoffs happen? Is it every month now? Or once a quarter? Why all the layoffs just to turn around and hire more people?

So i got laid off. Can anyone advise me on what’s the best option in regards to the package? Installments or lump sum? Any information would be helpful . Thanks!

Layoffs are taking place this morning here.

There was major talk about major layoffs in April, but none of it came to fruition (luckily.) Does that mean it was just a rumor and we can relax now or was it simply moved for this month? I've been hearing and reading about both possibilities, so... — read more 

I see entire threads and select questions, comments, and answers suddenly purged. None of these were libelous nor innaproriate as far as I can tell. In fact, they were helpful and in the spirit of what I thought this site was all about. I guess I... — read more 

Sr. Management at the bank has no idea of the talent they are losing. They think just outsourcing it is simple and done. It's not! It takes years to learn process and systems. Looking to improve a quarters bottom line at the expense of continual... — read more 

Today I cracked open my machine learning book and was very happy to read that most companies predict middle management will be replaced by AI. I was so motivated by it that I decided to join the club and start a new github project for that specific... — read more 

With great power comes great responsibility. Some MDs in BAML do not derserve their pay. They are not doing any actual work, frequently out of office for personal reasons, and take credit for jobs they didn’t do. They were unable to bring resources... — read more 

The 4/23 rumor hinted at something bigger than the usual layoff. Alluded to a divestiture or outsourcing. Guess we will see next week. Any chance you can clarify on this, @SMErtHm-2kru? Divestiture or outsourcing of what? Any more info would be... — read more 

Advances in artificial intelligence and automation could replace as many as half the nation’s financial services workers over the next decade, industry experts say, but it’s going to take a big investment to make that happen... — read more 

04/23 is being talked about - but it's a Monday - and Albany won't care - but... if Monday comes and goes... then what about June 1... people hearing that one?

Legitimate question for anyone who has been laid off especially or anyone that knows. Did you experience anying odd that could have potentially been a sign you were about to get laid off in the days or weeks prior? Things like all of the sudden... — read more 

I wonder when they will finally get rid of that CRM role!Its getting to the point that management is so paranoid about stats and reports that the pressure of being on the phones and taking calls is getting unbarable!They keep letting go people,not... — read more