Thread regarding Bank of America layoffs

A change in layoff strategy

Is it just me or does it seem like there was a change in layoffs strategy in the last year or so? We used to have major rounds but we were mostly safe between them. Now it seems they've decided to give up that system and instead they're doing a bunch of smaller layoffs spread out throughout the entire year. Most people don't even hear about them unless they're specifically asking about layoffs. This basically means we're never safe, which makes the already problematic work atmosphere even worse.

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| 1904 views | | 6 replies (last May 30, 2022) | Reply
Post ID: @OP+1gTu7xuq

6 replies (most recent on top)

There is a shortage of workforce. I think they are not imposing RTO strictly due to the fact that people will start leaving.

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Post ID: @6mcx+1gTu7xuq

I guess it begs the question can they afford to do layoffs with so many people leaving?

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Post ID: @1mas+1gTu7xuq

If they are serious about laying off employees and creating a more professional work environment, HR could simply require random dr-g tests like many Fortune 500 companies do. Ever talk to your manager and he sounds high as a kite like he's strung out on something? Yeah, me too.

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Post ID: @1dmm+1gTu7xuq

Why would the bank need layoffs when it can simply make lives this miserable? Just dump more work on people, deny them any adjustment for inflation and force them into an office. You'll get rid of anyone worth anything and keep all the precious interchangeable, lifeless cogs you want.

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Post ID: @oyk+1gTu7xuq

yea, seems like more "n-p & tuck" instead of broad sweeps. More like death by 1,000 cuts now.

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Post ID: @our+1gTu7xuq

Always be prepared for a layoff. Get your life in order to minimize the disruption.

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Post ID: @vmy+1gTu7xuq

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