Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

How does early retirement work?

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 

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| 1820 views | | 4 replies (last April 14, 2016)
Post ID: @OP+GGiX6DP

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.

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| 1580 views | | 6 replies (last March 31, 2016)
Post ID: @OP+GFpk8CR

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.

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| 2470 views | | 4 replies (last April 13, 2016)
Post ID: @OP+GEqmhT3

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 

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| 3214 views | | 3 replies (last March 31, 2016)
Post ID: @OP+GC5WH3Y

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!

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| 1520 views | | 4 replies (last March 24, 2016)
Post ID: @OP+Gy0dD3p

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 

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| 2150 views | | 5 replies (last March 27, 2016)
Post ID: @OP+Gv3srKR

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.

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| 1040 views | | 1 reply (March 21, 2016)
Post ID: @OP+Gul796m

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 

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| 2440 views | | 6 replies (last April 20, 2016)
Post ID: @OP+GtzsSNc

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 

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| 1770 views | | 9 replies (last March 27, 2016)
Post ID: @OP+GtO8nVx

Cathy Bessant surrounded by Indians

Picture this, a blond all American Cathy Bessant surrounding herself by Indians in the state of North Carolina.

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| 1440 views | | 6 replies (last March 21, 2016)
Post ID: @OP+Gt1s6Ym

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 

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| 3450 views | | 9 replies (last March 18, 2016)
Post ID: @OP+GscUsH1

"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 

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| 1880 views | | 3 replies (last March 17, 2016)
Post ID: @OP+GrUiIYj

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 

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| 1340 views | | 3 replies (last March 17, 2016)
Post ID: @OP+Gras6Nj

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 

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| 790 views | | no replies yet
Post ID: @OP+Grbk2lm

Week of 3/14 - Layoffs

I'm hearing about some announcements coming this week, has anyone else heard the same thing?

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| 2440 views | | 8 replies (last March 17, 2016)
Post ID: @OP+GpPuylB

Bank of America layoffs

This is so unamerican! There are plenty of people who desperately need jobs here in the United States..California.

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| 1294 views | | 1 reply (March 13, 2016)
Post ID: @OP+GnhFdeF

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 

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| 1790 views | | 9 replies (last March 15, 2016)
Post ID: @OP+GlPu1PC

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 

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| 1490 views | | 2 replies (last March 10, 2016)
Post ID: @OP+GlpuuqT

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 

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| 1633 views | | 4 replies (last March 10, 2016)
Post ID: @OP+GlN5kFH

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