Thread regarding Bank of America layoffs

The management style of BofA eerily like that of Putin

The Bank of America management team seems to have the same hubris as Putin when it comes to managing those underneath them. They disregard the costs, opinions of others, protests, or the plain old logic of the situation. They believe they know better and they bubble themselves in their echo chambers of people who would never question them. All they see is achieving one goal = full RTO for all. Meanwhile, employees are leaving and productivity is plummeting. It isn't making a stronger Bank of America. it isn't increasing productivity. It isn't making their company more efficient for their clients. It is plainly "return to office." No matter what. No excuses. Just as Putin double-downs on his invasion regardless of the losses to save face, the management of BofA throws all logic to the wind just so they can say "we returned everyone to the office." You can't find child care on such short notice and want to delay it a few weeks? Tough luck. You are more productive at home. Doesn't matter. We really don't care about worker productivity. The environmental costs of having everyone commuting everyday to the office and back? You think we actually practice what we preach? SME's and others leaving on your team because of RTO so that more than half of your team is gone in the last year. Fine. Go. We didn't need them anyway. Except, they did. Except, the decline of production and departure of their best workers will have a big impact on their company especially during an economic downturn. The burnout of the employees picking up the slack (in some cases even more so as they try to replace the SME's) will lead to them leaving or just burning out as well. BEFORE everyone returns to the office they need to announce hybrid for all or an option to WFH. BEFORE June 1st they need to take proactive initiatives to address the concerns of workers. Or AFTER June 1st the whole ship is going to sink. June 1st is the iceberg. The management = the captain and crew. One way or the other the employees will escape to other companies by leaving, layoff, or corporate buyout/bankruptcy. No future employers will question their credentials during these times no matter how they leave the bank. It's the management who will have a tough time moving on after this colossal collapse. And it is all because they couldn't evolve to the times. They couldn't evolve to a situation (or cumulation of situations) that we have not seen in centuries with pandemic, war, inflation, energy crisis, etc.... It's the disruptive innovators that survive such situations. Those who can embrace new ideas and evolve to the new times and technologies. It's the dinosaur corporations who stubbornly maintain outdated beliefs that fall apart and are sold off. I will make a bold prediction: within five years, Bank of America will cease to exist. Within five years, their company will be bought out by a peer bank that will essentially rescue it from insolvency. Bank of America doesn't have the workers anymore to manage the difficult waves ahead and with more workers leaving before RTO or perhaps shortly after they RTO, they truly will have no one left to manage the ship when it hits the ice berg and takes on water.

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| 1524 views | | 5 replies (last May 9, 2022) | Reply
Post ID: @OP+1gD4Yrce

5 replies (most recent on top)

better than Z, a puppet for those that can buy him out

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Post ID: @1fre+1gD4Yrce

Wow. Comparing the Psychopath Russian president hellbent on eradicating the Ukrainian people to an out of touch old money elitist CEO is a stretch.

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Post ID: @1fjr+1gD4Yrce

After you've been here awhile, you start to realize that you have zero input. All decisions are top-down. In the blink of any eye, they'll take away your clients, change your sales territory, alter your sales quotas, or give you a new manager. I don't know how you can build a long-term career here with so much uncertainty and instability. They basically dictate whatever they want. Worse yet, many of the business changes that have direct impact on your daily work are completely illogical. You start asking yourself, "How exactly do I benefit from these changes?" You don't. It's all to their advantage. All you can do is keep your mouth shut, do your work, collect a paycheck. It's not a career. It's just a cr-p job like flipping burgers at McDonald's until you find something new.

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Post ID: @1rws+1gD4Yrce

I totally agree with your assessment BOA style to Putin. The flagshlit is controlled by only wtiting in shlit BAC wants to hear. If you write something controversial you could be fired.

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Post ID: @cro+1gD4Yrce

Wow. Just wow.

It's strangely comforting to read of a company that is even more messed up than the one I work for.

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Post ID: @mkg+1gD4Yrce

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