Thread regarding Bank of America layoffs

Everyone is is unhappy and miserable

  • work has been confusing due to MRA and other leadership adhoc requests
  • work is incredibly boring without any material funding to do exciting work (non reg or audit related)
  • nothing is getting done and it's all red tape and bad processes
  • tech has hired a lot of unqualified outsourced employees who don't hold very engaging or clear sessions causing further confusion
  • Rto plan has been a disaster. Everyone has lost faith in the company to adapt.
  • surveys are a joke and stopped doing them because they never take action. Year over year it's the same survey with no results. In fact it gets worse...look at the rto survey...they have not released any meaningful results or taken actions...they don't care.
  • no raises for BofA "middle class" 100-200k folks (most of us haven't seen an increase in years)
  • misleading effort of RSU for everyone but in reality they have taken it from those who get them now (notice how they have gone down substantially)
  • no sense of accomplishment as there are calls with so many people for hours on a day without anything getting done
  • reporting and governance is more than actual execution
  • pay is lagging behind industry while CEO and execs pay themselves handsomely
  • mental and physical well being is not good working here anymore
  • only folks who are sticking around are low performers and folks on visa who are essentially held hostage and can not leave.

This is why this place is a sinking ship! So many good people have left and when long timers are leaving... it's a bad omen for this place.

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| 1392 views | | 5 replies (last June 24, 2022) | Reply
Post ID: @OP+1hmH4p9J

5 replies (most recent on top)

"only folks who are sticking around are low performers and folks on visa who are essentially held hostage and can not leave."

Agree with most of it but not the statement above. The problem is less with those who are sticking around (many top performers still exist) and more with who is getting promoted and/or hired.

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Post ID: @2mfo+1hmH4p9J

MRA re-open is a hot mess! I find that my colleagues would rather create useless pages on confluence than actually documenting correct processes for us to follow to adhere to MRA guidelines. The way the work gets done is constantly changing and it is forever frustrating. Agree with 'no sense of accomplishment' - there's no time to enjoy the fruits of your labor because as one release concludes you're on to the next. Do more with less, the old BofA motto!

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Post ID: @1mlk+1hmH4p9J

This place is a fuhking disaster. We have a blockhead, out of touch CEO. This is the absolute worst leadership I have ever been apart of in my life.

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Post ID: @1xwj+1hmH4p9J

I am kind of happy.

Been born that way.

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Post ID: @ooy+1hmH4p9J

100% agree

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Post ID: @xlx+1hmH4p9J

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