Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Band 4 and 5

They don't want any 4s reporting to 4s? Anything regarding 5s? What will they do if a 4 only has 1 or 2 directs?

Whatever happened to management leading by example?

This makes me so friggin sick to hear and see people being given an ultimatum to work in a F@#%ing office who live more than an hour away to either select between a office that is located in a damn enitrely different state other than where they... — read more 

Firings/hirings

BoA upping car loans. Here's your chance to change depts : http://www.cnbc.com/2016/03/03/bank-of-america-revs-up-auto-loans-business-despite-warning-signs.html

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| 880 views | | no replies yet
Post ID: @OP+Ges8eqe

severance negotiable?

To all the HR folks...is money paid in BOA Severance package negotiable?

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| 2210 views | | 8 replies (last March 22, 2016)
Post ID: @OP+Ge3KYPj

Cuts ahead (Investment Banking)

This is from the Business Insider: Bank of America is preparing for significant job cuts across its global banking and markets business, according to people with knowledge of the matter. Senior executives in the division were tasked with identifying... — read more 

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| 2171 views | | 1 reply (March 2, 2016)
Post ID: @OP+GdWvjwf

Back to Office mandate

I'm hearing GTO will soon require all remaining MyWork employees to start working from an IT office as a condition of employment. Anyone else hearing anything?

HR meeting for ALL employees Wed March 2nd - layoffs?

Big HR (GL) meeting for employees across departments. What are u hearing? layoffs? Employees told to reschedule all meetings and attend must meeting on Wed. Any insight would be great for all. Thanks!

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| 2470 views | | 7 replies (last March 1, 2016)
Post ID: @OP+GbIU5Xo

More power to Trump, the unprotected, and the bottom 99%

More power to Trump, the unprotected, and the bottom 99% Trump and the Rise of the Unprotected Why political professionals are struggling to make sense of the world they created. What is happening in American politics will happen across America in... — read more 

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| 1890 views | | 14 replies (last March 3, 2016)
Post ID: @OP+G9jnb5Q

March 15th Layoff - Now March 8th

Tuesday, March 8 is the next round of large layoffs, affecting GT&O. This will most likely replace the one on the 15th, but as of yet unconfirmed. Addison and Plano will be hit hard.

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| 3250 views | | 6 replies (last March 2, 2016)
Post ID: @OP+G8h2mLb

BAC Corporate Office Layoffs

‘small number’ of jobs in Charlotte affected - http://www.bizjournals.com/charlotte/blog/bank_notes/2016/02/more-layoffs-at-bank-of-america-small-number-of.html

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| 1290 views | | 1 reply (March 2, 2016)
Post ID: @OP+G73R4DO

Draconian cuts

Seems a stretch to associate leadership's 'hack associates with gusto campaign' to any economic or market forces. These draconian cuts aren't aligned to any other force except the senior leadership team's desire to cut as as large headcount as they... — read more 

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| 1532 views | | 1 reply (February 25, 2016)
Post ID: @OP+G71vpkg

Disgusted with the Cheapskates who Run our Bank

Well, now we know how the Bank is going to pay for Moynihan's 23% pay raise, right? I guess the famous "headwinds" that executives like to tell us about so we don't expect any pay raises don't apply to those same execs. Laughter and toasts all around... — read more 

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| 1024 views | | no replies yet
Post ID: @OP+G7LucRW

The morale is horrible right now

Layoffs in marketing today across the board/ geography. At least five let go at Beach St including a Band 5 manager in presale foreclosure. The morale at Beach St is terrible...no one interested in giving 100% anymore. If the bank wants to pay me to... — read more 

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| 1810 views | | 3 replies (last February 25, 2016)
Post ID: @OP+G6BuvWq

BofA March 15 2016 Layoff

I have been hearing that a big hit will happen on 3/15/2016 – at least on the mortgage side. They plan (still a rumor) to keep laying people off through the end of 2016, it’ll be a monthly process, planned and managed, with cuts happening every last... — read more 

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| 3150 views | | 5 replies (last March 29, 2016)
Post ID: @OP+G6KXMX7

Layoffs

Has anyone heard of any layoffs in Boston? I cant believe we havent been hit, but so far...no word.

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| 1100 views | | 1 reply (February 25, 2016)
Post ID: @OP+G6NBK97

New Opportunities

We want to take this opportunity to thank those teammates who are moving on to new opportunities for the work they have done for Servicing Operations. We with them the best of luck in their future endeavors. F you, Berens -- Hope you an Meola choke... — read more 

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| 2343 views | | 1 reply (February 22, 2016)
Post ID: @OP+G49x7AU

Bank of America CEO Brian Moynihan got a 23% raise. Bank of America's share price dropped nearly 6% over the course of 2015. The S&P 500, by com

Bank of America CEO Brian Moynihan got a 23% raise. Bank of America's share price dropped nearly 6% over the course of 2015. The S&P 500, by comparison, dropped 3.5%. The lower the stock goes, the higher his compensation raise.

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| 1060 views | | 3 replies (last February 29, 2016)
Post ID: @OP+FVTo59T

FX Tech Blood Bath

Why no mention of the slaughter and transfers in the FX IT Department? Guess thats the point. A slow burn does not make the papers.

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| 1420 views | | 4 replies (last February 12, 2016)
Post ID: @OP+FTqRgJq

Charlotte-area Banking Layoffs

Pretty much all banks in the Charlotte-area are cutting staff, if you are affiliated with anythign that has to do with mortgage business, you are on the hook and you should be very careful. I'd have my resume ready and I would not hesitate to start... — read more 

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| 1555 views | | 1 reply (February 10, 2016)
Post ID: @OP+FRv1fyk

Fed 24 2016 Layoffs

If you are in GT&O expect it to be a monthly thing... Bloody Wednesdays as they call them

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| 2430 views | | 6 replies (last February 10, 2016)
Post ID: @OP+FOfDNy9

BAC Layoff Selection Criteria (2016)

It has been apparent in many cases talent, experience, ability, value, performance all too often does not matter in people selected. Many people are less than stellar performers but there are also some associates who are people who are great... — read more 

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| 2700 views | | 2 replies (last February 19, 2016)
Post ID: @OP+FOBMgWT

Greener grass IS on the other side of the fence.

I’m a recently displaced associate from GT&O / Consumer Operations located in the Plano office. To my surprise BofA’s competitors in the market are hiring at fast rates. Less stress + better pay + better leadership = job satisfaction. If you are... — read more 

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| 1291 views | | 1 reply (February 3, 2016)
Post ID: @OP+FL5ostC

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