Thread regarding Bank of America layoffs

ZERO internal mobility

I’m highly qualified and applied to over 31 jobs over the past year. I’ve tailored my resume and highlighted my achievements. It’s always the same rejection letter: I’m qualified but they went with someone else. Not even an interview! I remember when if you were internal you were guaranteed an interview. Are these jobs now just ghost jobs meant to hold a place for a specific person? I’ve never felt so trapped in a role in my life. They seem to look down on those with extensive FC experience as a negative when it’s really an asset. Backwards company!

by
| 2144 views | | 13 replies (last September 21) | Reply
Post ID: @OP+1k25wcbqr

13 replies (most recent on top)

@6bx
You know what the point is. Just to blind too see it. Or just in denial.

by
| | Reply
Post ID: @6cc+1k25wcbqr

@dc what’s the point of gatekeeping?

by
| | Reply
Post ID: @6bx+1k25wcbqr

@a6 there are no jobs at other FIs.

by
| | Reply
Post ID: @6bw+1k25wcbqr

@tg cool. But what if you have a toxic manager whose job appears to be to make your life he-l. Also, job apps literally sit for 90 days or plus in he-l. I have applied to the roles that make sense. You sound like a corporate hack that takes the human out of Human Resources.

by
| | Reply
Post ID: @6bv+1k25wcbqr

I left the bank but was in recruiting while there, and not too long ago. First, if you have more than 3 active applications at one time, you are "ineligible" to post and may get a decline letter - BUT it should have an explanation as to why, which would allow you to correct how many applications you have. Next, what jobs are you applying to? Are they well thought out for your career path? Did you work with your direct manager to determine what the next best fit is for you? If you have your manager advocate with you to the recruiter whose job you applied to, that goes a long way, by the way. Third, candidly, I have observed while at BofA, that financial center folks do have a difficult time crossing into back office. But its not impossible! I have seen them cross into fraud analyst roles, AML, and customer service. I hope this helps.

by
| | Reply
Post ID: @tg+1k25wcbqr

31 in a single year? You might be flagged by HR as a serial applicant—the person just throwing out applications left and right for anything, regardless of whether it makes sense for your career path. I left a few years ago, but I recall hearing that you couldn’t have more than a certain number of active apps at once, and people who exceeded that number where known (not necessarily black balled, but also looked at as desperate vs. intentional).

by
| | Reply
Post ID: @qy+1k25wcbqr

OP don’t take it personally. It is crystal clear to all that the bank is no longer a fair paying platform, meaning you’re likely being rejected because you already make more than they’re willing to pay for whatever role you’re trying to get. Trust me, it is an absolute waste of time to work for this bank anymore.

by
| | Reply
Post ID: @p1+1k25wcbqr

Career mobility is non existent here. Unless you meet the DEI requirements haha.
Close friends and family or you do a TON of volunteering to get on that special Fscape page.
Look elsewhere. The bank will tell you what your next career move is.

Good luck.

by
| | Reply
Post ID: @jk+1k25wcbqr

Yeah, gate keeping is what that is called🤢.
All of those positions are going to friends of friends or to family members or even specific races or caste members. The problem also lyes in that people do not speak up knowing family members or a certain group of people only hire because of nepotism.

by
| | Reply
Post ID: @dc+1k25wcbqr

Start applying at other banks/companies, fin-tech, etc.

Go outside of the BofA zone.
Refresh your career and life elsewhere.

by
| | Reply
Post ID: @b2+1k25wcbqr

ha ha ha you people realized just now? too late in the game

I realized this fact beginning 2018 since then doing bare minimum work and spending quality time with family and friends, still getting big paycheck every month.

know the reality folks

by
| | Reply
Post ID: @ay+1k25wcbqr

Yes, some openings already have placeholders before job is even posted. Common if an internal team is transitioning to new roles as part of a re-org. Other times they already have the candidate in place for the role. Posting the opening just a formality. Also, difficult to move to an out-of-state role unless someone is opening the door for you.

by
| | Reply
Post ID: @as+1k25wcbqr

Internal job mobility? Bank of America doesn’t practice that anymore unless you are really really really cozy with someone who makes a role for you (so basically sellout your humanity) or if they move you to an area you never asked to be moved to. Bank of America does not value their “human capital” anymore. They see you just as an expense and are currently figuring out how to get rid of people, especially people who have been there for ten plus years, on the hush hush. Seasoned employees are too big of an expense for them. That’s all they see. Why do you think higher managers always change systems, procedures, outsourcing and all even though their changes always cause high risk problems? Cause they get a big pat on the back from their manager for saving money and then they quickly figure out how to move to another role before the you know what hits the fan. But they saaaaaaved money and that was all that counted for the bank and their resume. Not that they created risk, not strengthening customer relationships, not retaining their employees, not being the best in the field….just short term monetary gain for quarterly shareholder applause. So they don’t care about employees anymore. They can’t think long term. That has shown itself clear as day over the past few years. And for new job seekers reading this researching a job to start your career: look elsewhere. Trust us. You will be happier at another company. You have no avenue for career growth anymore at BoA. Ask around.

by
| | Reply
Post ID: @a6+1k25wcbqr

Post a reply

: