Can’t just promote people to MD then let them be MD forever. If a team with lots of headcount, perform poorly, MD should take responsibility. If a MD cannot efficiently manage the team (minimize turnover) and make money,then he should be out... — read more 

Made you look! Have a good weekend. . . Except in Albany.

Being MD at Global Equity is all about nepotism.

https://www.msn.com/en-us/money/companies/big-banks-find-a-back-door-to-finance-subprime-loans/ar-AAvHQzc?ocid=spartanntp A Bank of America spokesman said that the bank limits its subprime exposure in line with its approach to responsible growth.

So I was laid off in June, and found another job a month later. I am going to do my taxes in 2 - 3 days, and I realised that B of A has not given me my W-2. Which number do I call for W-2?

Just wondering if any of those who are quick to say "leave if you are not happy" have any suggestions on where to go? Considering that the situation in banking sector is awful as it is (just take a look at Wells Fargo page on this forum,) please do... — read more 

Less MDs please! You can’t have MDs do not make money yet still get paid well! Some MDs get away from layoff just because they have close relationship with head of trading!

Anyone know about this? Apparently it’s going to a big one and I have no idea what to look forward to

The culmination of another good week. How will you celebrate?

There were several people laid off last week and rumor has it that there is more coming 4/23. Anybody hear that we're "safe" until then or should we be prepared today?

Friday is finally here and I'm going to...

I know IBM is not a bank, but take the time to read this article and you will see that all industries are the same. This is pretty much exactly what we have been saying for years that Bank of America has been doing to its employees... — read more 

I see a lot of comments on here about mywork. These are two true stories that are not connected with either GTO or CFO orgs, but instead Consumer Banking. Two different people I know, one well the other acquaintance posted for jobs recently one in... — read more 

http://money.cnn.com/2018/03/23/investing/bank-of-america-settlement-ny-attorney-general/index.html The bank admitted on Friday to "systematically misleading clients" between 2008 and 2013 about how orders were handled for more than 4 billion shares... — read more 

Doesn't matter how good you are with your work, there is always a layoff. These guys don't have brain to improve the culture. Most of the places favorism is a common practice. A bank with false narrative and management is a complete mess.

In particular, don’t cut global markets technology! Technology are automating lots of things that can save bank money! Redundancies are in front office! Rank revenues by team or headcount, and cut front office team (aka business people) that don’t... — read more 

Hardly anyone has noticed, but they should. Stock markets around the world are all falling.

All CFO associates who are still on myWork will be severed. myWork employees in hub cities have already been called back to the office so they are safe for now. Should rename this place Bank of Charlotte for its limited location strategy

Bessant is the focus here. Ruthless cuts as usual. It will continue throughout the year. GT@o

Bank of America CEO Brian Moynihan’s 2017 compensation was 250 times more than the total pay of the bank’s median employee, according to the company’s proxy filing. Public companies such as Charlotte-based Bank of America for the first time are... — read more 

that's it.

I understand more about our business processes (inefficiencies) from drinking than from actually working with them.

Anybody hearing about mass layoffs in GT&O in March or April. I am hearing about reductions of 50+ 100+ people in each application area. Well, the money for the $1000 bonus had to come from somewhere, right? Also, the Agile horsecrap will probably be... — read more 

over the last two weeks, managers have been having the talk with the few remaining MyWork employees: come back into the office or quit. Anyone else have that chat recently?

Eyebrows were raised when Zaimi hired her brother, Alireza, in 2014 (he left for Saudi Arabia’s sovereign wealth fund last October). In turn, Gallo has been accused of favouring colleagues he’s hired-in from Morgan Stanley. Source: “Inside the cult... — read more 

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Hiring/Firing together?

What is a good age to start thinking about leaving your career in the tech field and transitioning into a more reliable and less stressful field? What field would you choose? Why?

Anybody here has any experience with Bank of America HR? Is it safe to go to them with an issue about my manager?

BAML Global Markets is hiring because people are leaving. Perhaps they should think whether or not that team is overstaffed. Do they really need that many of headcount? People are leaving because they are disappointed about money. If a manager can’t... — read more 

Latest Bank of America (known) casualties are in Belfast - 30 employees were let go off at the end of the last month. Stay tuned for more, I'm sure... The impacted workers were in a small group that handled calls from financial centers that needed... — read more 

Cannot believe after fixing all your sh-- you thank with layoff.

if you worked in Morgan Stanley and knew VIPs well, you are able to survive in BAML equities.

Trading revenue down,other LOB revenue up Yet trading was barely affected in Tuesday’s layoff

How to keep your job?Creating PowerPoint with hypothetical revenue growth and cost down

Let's put rumors and news about BAC layoffs in March 2018 into this thread... There is a lot of movement right now, I am sure more cuts are coming.

In case somebody missed this, 103 people will be laid off in Georgia at the start of April. Frankly, that whole office seems to be one big mess right now. We'll see if this spreads further to other locations... — read more