Brexit has come and gone, any news on what's happening at ML?
Bank of America to Buy Back Up to $5 Billion in Stock, Boost Dividend 7.5 cents per share starting July 1, 2016
Sad that we have gone away from employee first, shareholders second priority. Welcome to the new normal of doing business.
Chandler Mod Op Layoffs coming July 27th and 28th
Reliable source says they will continue to lean out the mod opp team in chandler due to the market shrinkage. 10 to 15 UW will be cut. Not sure if this will happen but the source has been fairly accurate in the past.
Bank of America showers local nonprofits with education grants
Charles Bowman, North Carolina and Charlotte President of BofA, said the grants will hopefully spark workforce development on all levels. "Our mission is all about making financial lives better for people," No doubt... — read more
Hillsboro
Anyone have news on the center? So many rumors and anxiety everyday. Is today the day? Who knows.
Rule of 60 benefit calculation
Can anyone that's been thru the process provided details on the calculation for used 'Rule of 60' health care premium supplement?
Layoff's no word yet 6/22
Hoping to hear our names called while actively seeking. This bank is a joke. Many demoralized souls.
Addison soon to be the main site in TX
It seems like Addison is getting more and more people from Plano,Richardson and Beach str.Mostly Crms,but other dept will follow soon.It makes me wonder if some Plano buildinds are done with their leases or this is just their plan to make Addison... — read more
D-day Chandler
Something big happening with Chandler mod UW department today at 11 am CST.
Brexit - so far the best excuse for more layoffs!
http://www.foxbusiness.com/politics/2016/06/22/bank-heads-could-roll-post-brexit.html
6/22 is here...lets keep a running tally
Let's use this for layoff updates throughout the day so it's all in one thread. I haven't heard anything yet, but it's still early.
Why BofA’s Chief Is Optimistic About Big Banks
CEO Brian Moynihan talks about his company and the need for regulatory balance. "Over the next 10 or 15 years, people will look back and say, “Did we get it right?” That will require an honest debate about what we want to achieve out of this... — read more
My Work - anyone know if this reader comment is true?
"If it is not on hold, it has slowed down significantly because of issues with space. The only places with room to accommodate people returning from program is Texas. Everywhere else is full or already committed. Means that until they make more space... — read more
Is 6/22 still a big layoff date or has it been moved to July?
I've heard both, but I've been hearing less about 6/22 so didn't know if anyone could give rumors if it's been moved out to July.
As if layoffs not a big enough problem, how about security?
https://www.rt.com/op-edge/347361-uk-government-g4s-orlando/ http://www.fosna.org/sites/default/files/BofA%20edits%20g4s%20letter%20final.pdf
WARN notice not there
Per the state the bank needs to notify them in case of a mass layoff or closure. If you go to the state website you can see the last one in 2013. And NONE listed this year. It requires 60 day notice. Probably will move the site is all if anything
Employee survey ends tomorrow (6/17)
Let's tell them how it really is..although I don't hold out much hope for any changes coming out of it. I did mine today. Felt good to get a lot of things off my chest!!
Bank of America is not the only Bank who is cutting jobs
Chase is also starting to introduce a new improved version of ATMs, they are located in lobbies...The other day I was talking to my teller and I asked her if she liked the new machine. She was looking at the with a puzzled look and she told me that... — read more
Teller Layoffs
Do you know if they are planning to lay off tellers in California? Please let me know, it's important.
8000 Jobs to be cut soon by BAC
As many as 8,000 more jobs are set to go at Bank of America’s consumer arm as the digital banking revolution gathers pace and reduces the need for back-office staff and bank tellers. The biggest US retail bank by deposits also plans to add sales... — read more
Would never go back!
I quit BAC about 4 months ago and took a position at another bank. Many of the people that use to be customers relationship managers started getting phone calls and emails asking if we want to work at Greensboro Piedmont Call center for 24.00 an hour... — read more
Cuts coming in Consumer
Article out today in USA today - online at 1:48pm EST - stating that Consumer is planning to cut 8,000 associates. Article is by Mike Snider.
Banks and Outsourcing
A benchmarking study points to the need for an expansive view of IT-infrastructure management. McKinsey’s benchmarking study of 41 banks worldwide suggests there is no silver bullet when it comes to efficiently managing IT infrastructure... — read more
June 15?
I hear this Wednesday 6/15 is supposed to be the big one. Has anyone else heard anything?
WSJ reporting - Laid off Americans Speaking Up. Finally!
The Table Starts to Turn ... Laid-Off Americans, Required to Zip Lips on Way Out, Grow Bolder http://www.nytimes.com/2016/06/12/us/laid-off-americans-required-to-zip-lips-on-way-out-grow-bolder.html?_r=0 Lawsuits Claim Disney Colluded to Replace U.S... — read more
Technology - Seattle - Layoffs
Anyone has updates here? I left a few years ago, I hear layoffs again
Not just Indians
Bank of America has also transferred white ppl from Singapore, Japan, and Hong Kong to its U.S. offices. So it's not just Indians are being air dropped to the U.S.
How the bank looks after employees health....
Commentary by Brian Moynihan - http://www.cnbc.com/2016/06/10/employee-wellness-programs-help-us-save-money-on-health-care-costs-bank-of-america-ceo-commentary.html