heard today they are going against the grain and double downing on RTO. Those on MyWork will need to come in soon as the information makes it's way to the business managers/HR of each area.
It's mind boggling that they are this tone def!
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I remember the days of coming on site when I needed to for meeting and working from the MyWork center. It was quiet and spacious. I could walk the halls and catch up to a few select people as needed and then go home when meetings were over and work the remainder of the day at home.
At that time, I LOVED the flexibility and so did everyone else that did it.
This is old news. Cathy Bessant started phasing out MyWork employees about 5 years ago. They had nearly 10k+ people WFH in 2012. Cut it down to 1500 in 2019.
Can you guys ban together and join a Union? The sooner the better. It's unreasonable tactics like these from management that drives unionization. I'm sure there will be plenty of support behind you too! May not guarantee a full WFH but it will put a check on such evil behavior. Company obviously trying to get people to quit of course. What else are they going to try next?
It's headcount reduction the responsible growth way. They would love to get 20k associates to resign. Assume a very conservative average package buyout of $100k per person. That's 2b in operating expense right back on the books.
The hardest part of accepting it is them insulting our intelligence by wanting us to believe that our most effective business model is spontaneous water cooler discussion, and that it is worth braving a pandemic to make it happen.
I echo others who say that the current RTO plan appears to be a strong arm tactic to drive up attrition. There is just no other logical reason why they aren’t even open to hybrid like Wells is. Other banks are hitting pause on RTO, BofA leadership isn’t telling the full story. What is their deal?
How do we stand together? We have no union, and although many people view these posts, not many respond. It seems like we’re going against the inevitable tide. In the US workers have less power and we vote against our interests all the time. I’m really feeling discouraged that anything will change.
I told you BOA is doing this on purpose to make people quit or resign. This is an absolute evil move from this company. Other companies are still continuing the WFH while BOA continues to show their neglect for employees exposure to the delta variant. We must show strength in numbers and decline the RTO request. Our CEO BM is a weak azz S-B and should be kick in the a-s for letting this go on under his watch..
They know exactly what they are doing. Expenses are up over 2019 levels by a lot, and the easiest and fastest way to cut them is to get rid of people. Layoffs are expensive. Getting people to quit is cheap.
They aren't tone def. They know what they are doing. They want to use a strong arm tactic.