Thread regarding Bank of America layoffs

No good managers left

How come there are no good managers left here? I used to be able to rely on my manager to help me when I needed it and to have my back. That was when I enjoyed my job. Now I need to pretend I know less than I do so my manager won't see me as a threat but I still have to find ways to do more work than I ever had to keep my job. What happened here?

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| 1136 views | | 6 replies (last April 10, 2022) | Reply
Post ID: @OP+1g8PF2LS

6 replies (most recent on top)

Biggest challenge on our team is management turnover. Ex: Our team had 6 different direct lower level managers, 2 very senior manager changes (2 levels from CEO), and 5 reiterations of middle management in 9 years' time. Each manager was hired from outside our division with little to no relevant experience, education, credentials.
Highly unstable and unpredictable work environment. Team demoralization. New incoming managers are more interested in self-aggrandizement. Constant turmoil.

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Post ID: @3hua+1g8PF2LS

My manager is great and knowledgeable so obviously there are still good managers here. Sorry if your experience has been poor but let's not make the mistake of applying your experience to all managers.

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Post ID: @1hkc+1g8PF2LS

My boss is now my coworker in my opinion. He doesn't know anything anymore. Appers BM is playing all his underlinks like puppets...whatever needs to be done for another $30,000,000 raise

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Post ID: @wud+1g8PF2LS

It is so difficult to work under a manager that is not competent or knowledgeable in their position here. I have seen managers promoted who weren't experienced enough . This company consistently does this and people see it here all the time. I am not a bitter person. I just want to work and learn from my manager. It is so difficult to work for somebody that you know more than and know the job better than them. BOA is an azz backwards company.

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Post ID: @euy+1g8PF2LS

My favorite was when they put me on "probation" and kicked me out of a "certification" program because I wasn't hitting my mid-year numbers. At the beginning of the year, they gave me a different loan/deposit portfolio in a new market. 30% of the new portfolio was tied to a single company (400+ deposit accounts) whose owner was being investigated by the FBI and ended up going to federal prison for financial crimes. I exited the relationship (on the advisement of internal counsel, fraud protection, and compliance) before client was prosecuted, but was severely penalized for it. I lost 30% of the portfolio because of the decision to exit. Knucklehead manager put me on probation and refused to provide a replacement client. This is what happens when you "do the right thing". True story. Good times. Thanks for the memories!

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Post ID: @fak+1g8PF2LS

It gets worse. They will eliminate your position, steal your bonus, cut your raise, change your incentive schedule, hire cronies to replace you, play "favorites", undermine, berate, condescend, spread rumors, make false allegations, take away clients, ignore you, disappear at inopportune times, act with arrogance, lie repeatedly, become unresponsive (but expect you to jump at their every whim), Then they will tell you to "be thankful you have a job here". That was my experience.

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Post ID: @tex+1g8PF2LS

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