I am eligible for retirement with the Age plus years of service rule, but they stopped funding the pension years before mine accrued much, so I'm not sure what early retirement even gets you anymore. Does it just mean I can walk away with my paltry... — read more
401k loan
If you have a 401k loan out and the bank sends you along your way, will you then be subjected to the early withdrawal penalties? I wonder if you can still make the payments to keep from being penalized? Appreciate the answers.
BAC April 2016 Layoffs - Melville
The calm before the storm. April is round around the corner and there are rumors of something happening 4-20 in Melville, NY.
IF YOU SIGNED A SEVERANCE AGREEMENT PLEASE READ
I was laid off by the bank last December and 100% completely and totally agree with the the writer of the post "Bank of America .. Not the best company to work for as they claim". Absolutely hit the nail on the head. However, in the post the writer... — read more
I wad wondering if you have any companies to recomend after leaving BOA?I keep hearing Chase,Capital One and Wells fargo are good.Better pay and
same benefits?and what about the small companies?Does it worth leaving so many years with BOA and start all over in another company?Any thoughts?
Bank of America .. Not the best company to work for as they claim
Well, I come here today to express my experience with the Pittsburgh area's facilities. I was an employee there for many years. From the days of First Franklin, National City, Merrill Lynch and then taken over finally, by Bank of America. That was... — read more
Talent will leave
Sadly we are starting to see some of the truly talented leave, as per usual those with options use them. Wake up BAC the crappy environment is going to run off everyone that is worth a damn! It's not 2009 and there are actually jobs out there!
Why has David Reilly not been fired?
Who is protecting David Reilly? Why has he not been fired?
BAC Hiring Freeze - Merchant Payments
Is this true? No hiring? That always leads to layoffs.
The real reason why BOA is laying off so many.....
The acquisition of Countrywide and the financial mess that came with it. Layoffs have nothing to do with bringing in cheaper talent from India.
Minimizing taxes on a severance package
Tax Deferrals Severance package recipients can take steps to defer income tax on some of the money they receive. This is especially useful for workers who lose their jobs close to retirement. Placing money in an annuity or individual retirement... — read more
Bank of America - June 2016 Layoffs Updates
There is a ton of rumors that there will be a mass layoff in June 2016. What do you all think?
By Importing those Indians, the management is essentially digging their own career grave yards. America can no longer afford to be so generous b
By Importing those Indians, the management is essentially digging their own career grave yards. America can no longer afford to be so generous because she will not be rewarded by her generosity. Sadly, she has never learned.
MyWork Program and Cuts, part 2
So I happen to sit in a location and an SVP on my team is suppossed to sit right next to me, but lo and behold, she is NEVER in the office.......I do a little bit of reconnisance and I notice that this person is constantly on "MOBILE" on... — read more
Employee Satisfaction Survey
If my memory serves me correctly the bank didn't have an employee satisfaction survey last year. So I wonder if there will be one for this year and wonder how many employees are going to be honest oppose to sugar coating things after all of these... — read more
Cathy Bessant surrounded by Indians
Picture this, a blond all American Cathy Bessant surrounding herself by Indians in the state of North Carolina.
MyWork Program and Cuts
Can someone confirm or deny please. Obvioiusly any employee who is MYWORK and not winthin a certain distane of a HUB location will be severed or offered to relocate to the HUB (happened to my boss, so I can confirm this), however, my boss told me... — read more
Pittsburgh prevails !!!! Not gonna quit! !!!!! Woot woot !!!!!!
Well now..... You don't know much, do you? Pittsburgh trained in Texas and they are going strong. They are collecting credit card delinquencies. Mortgages are a thing of the past there. They are going to have jobs from now... — read more
"Chief Operating Officer Thomas Montag is increasing pressure on deputies to lower expenses across his trading and investment banking world...
.... according to people with knowledge of the initiative. While managers have latitude on how to trim the equivalent of a few percentage points off their budgets, the effort probably will lead to job cuts in March, said the people, who asked not to... — read more
If you are cross training lower-level employees or training brand new ones, it's safe to say, you are grooming your replacement.
Shortly after, when your department gets extremely busy and the following Tuesday your department will be laid off. With severence packages "handed out" on Wednesday. This is more likely to happen sooner, the longer you've been working for the bank... — read more
If you are cross training lower-level employees or training brand new ones, it's safe to say, you are grooming your replacement.
Shortly after, when your department gets extremely busy and the following Tuesday your department will be laid off. With severence packages "handed out" on Wednesday. This is more likely to happen sooner, the longer you've been working for the bank... — read more
Global Banking Cuts today, 3/15?
I've heard rumors of cuts happening right now in Global Banking today. Anyone hear anything solid?
Get er DONE! Just think of the people that have information that can embarrass that company be a shame if it leaked.
To prolong the situation just makes it worse. You give unpaid time off to associates while customers wait on hold while your focus is on "Surveys" & box scores. Just Freaking Do it already our office is empty everyone is miserable the few people that... — read more
Wrongful Termination - Class Action
23 years and I was terminated for bogus reasons, no severance, anyone want to talk class action?
Week of 3/14 - Layoffs
I'm hearing about some announcements coming this week, has anyone else heard the same thing?
How come nobody dared to name names??
How come nobody dared to name names??
Reasons why the layoffs at BOA will continue
http://www.fool.com/investing/general/2016/03/12/the-problem-with-bank-of-americas-business-model.aspx?source=iedfolrf0000001
BANA speaker fees for politicians
http://www.fresnobee.com/news/politics-government/article65692102.html
Bank of America layoffs
This is so unamerican! There are plenty of people who desperately need jobs here in the United States..California.
http://www.bloomberg.com/news/articles/2016-03-11/bank-of-america-said-to-fire-at-least-15-senior-bankers-in-asia
Bank of America Said to Fire at Least 15 Senior Asia Bankers http://www.bloomberg.com/news/articles/2016-03-11/bank-of-america-said-to-fire-at-least-15-senior-bankers-in-asia
any MD level people or CFOs got fired?
any MD level people or CFOs got fired?
MyWork Question
How MyWork came to be, who invented it and who pushed for it. It's counteractive to me, I would want want people to be in the office, more control and more collaboration. I am not arguing that's mywork is bad, I have no experience with it. I am just... — read more
How do they do it? Call? Conference with HR?
How does the actual act of communicating that you've been laid off happen? Do they call you in a conference room? If yes, who is there? What do they tell you? How long does it take. I am extremely nervous, if there is another round then I am... — read more
Concord, CA
I was a my work tech employee in Concord, CA. Never was told to go back into the office. Was excellent in what I did. Then bang I was told I was being severed. My manager was more upset than I was. So guys it's happening and sooner or later you will... — read more
MyWork or Not MyWork
My lord, MyWork or Not MyWork, we all schedule our lives around our job. There are just as many non-value-added associates that come into the office as there is in MyWork. We have become a society who thinks they are entitled to everything without... — read more
mywork
I'm a mywork associate in technology located in California. I have not been told to report or move back in the office. Really not sure what is going to happen due to all the changes occurring in BAC technology. One thing is for sure: I'm keeping my... — read more