People are leaving in slightly elevated numbers, but it's nowhere near the armageddon some are trying to paint it to be. I wish it were true, I really do, but creating a false image of what's happening at the bank helps nobody. Let's focus on things that are factual and not on things we wish were true.
11 replies (most recent on top)
We have 9 open positions in our complex.
In GIS we used to have 3000 people and are down to 2500.
Our area lost 8 of our product owners since Jan 1. Last year, we lost two all year and one of those was promoted internally. That is fact, not rumor, not perception. Some people still will not admit attrition is above average.
Our old CTO, Cathy Bessant, said she wanted to fill 80% of our reqs from internal hires.
Fine, I've been applying for a new team since mid-2021. Even though I have a ton of experience I was getting rejected within 24 hours from some teams, ghosted by others. No one reaching out. Got sick of it, started looking externally.
Ended up with a new company with less BS, $45k raise, same bonus structure.
I wanted to stay and was trying to use the career mobility they always brag about but even with the one team I finally started interviewing with they were so slow. They act like there is no world outside of Bank of America.
There are over 240 open reqs in our organization. That’s no exaggeration. Is that not a lot? No one is filling them because they can’t get a solid answer of what work/life balance will be.
Um, six our other eleven people in my department left in the past year including the two SME workers. What is worse is upper management is oblivious and thinks that work should be just as error proof and 100% efficiency. A 95% brings criticism and snarky remarks and threats. So you know higher ups are either ignorant or stubbornly ignorant of the true state of the attrition. Also two more people in my dept have said they will leave next month rather than RTO. The funny thing is that just a hybrid solution would have been enough to have kept a few of them and plugged the dam from breaking. By June I predict upper management will even do layoffs which will sink the bank cause depts won’t be able to keep up and the new workers will be too inexperienced to keep it afloat.
I just left the bank a week ago. Within the last month 3 others left in our org. On my last day I was asked by several folks for referrals to my new place, and others shared that they’re actively looking. There’s several open reqs that have been opened for months and no one bites and this is especially true in the tech side, where the options for remote are plentiful out there plus better pay.
I am on a team that nobody leaves. Folks have been here together 15+ years. What I can say is the people are tired and they are looking.
yea, maybe for YOUR team. Ours seriously under-staffed and the managers cannot attract anyone to work here.
Some areas are doing ok, some are not. Those are the facts. The issues have gotten so bad some are finally bubbling up to the top and being noticed. Whether that changes anything remains to be seen.
On my team of 10 people, 3 have left in the past two months. One just put in their 2 weeks. We have had open reqs for 5 more folks and have no applicants.