There was a town hall call beginning of August that had our venerable CEO talk about (of all things), both the WFH and EE Survey. While there was nothing of actual substance from that call, he did talk about new hires. BofA hired 7k NEW associates last quarter. Annualize that and you get 28k new hires for a company that usually has 200k employees... that's a 14% attrition rate. Honestly, it's probably lower than 14% (recent college grads getting jobs last quarter), but even at 10% attrition, there probably is no need for layoffs. So for everyone hoping to get a package, probably better to brush up that resume.
2 replies (most recent on top)
The in office company is cr-p. The last all hands call I was on all the people hosting the call we’re working from home. The section of my office has 48 desks. At best there is 6 people there working. The parking lot is empty. If we are an in office company then where is everyone?…
Brian & his loser so-called "leaders" are literally pushing seasoned talent out the door (RTO, no raises for >$100k, increased medical premiums, etc) to avoid saying they've laid off anybody.
Claim to care about the environment when they fly all around the country and the world in jets and demand 200,000 employees (+contractors) commute.
That EV incentive is pathetically small.
Such hypocrites. How can they even face themselves each morning?