Didn't they shaft us on 2022 raises and bonuses quoting they expect to have a bad 2023... and now I'm listening to Brian talk about how well the bank is doing, record quarter even Imagine that... this place scks such big dck words can't even describe. It's always with the s-b story when it comes to rewarding associates for their hard work and yet, financials are great.
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I quiet quit a long time ago when they showed their true colors. Had top numbers and got the "poor bank, we only made x billion dollars." The economy, Covid, nothing prevented me from performing well, and I expected to be compensated as such. So I don't want to hear some bs excuse when it's still raking in billions of dollars in profit.
This is the reason why I left. They changed my incentive comp from annual to quarterly. I lost half my annual bonus despite hitting the same numbers from the year prior. This after the bank had record profits. When times are bad, they cut bonuses. When times are good, they keep more for themselves. They will always find ten ways to Sunday to spike the punch bowl. You can't do business with crooked clowns.
This isn't news. Just remember to do the bare minimum because I guarantee that is what they will try to pay you.
I just accepted an offer from another company for a five digit bump in base pay plus bonus. Fck this place.
this has been going on for years, very nice management accounting going on every time. I have been rewarded only thanks to lateral moves and promotions and am ready to get out because it's clear it's all a game
I'm just happy that BM will get enough compensation to afford another holiday home, nice new car, boat or whatever else he wants with the 30 million in total comp while our bonuses were cut and raise was non existent.
The FT article said 1k were already cut at the beginning of April. Where were they at? That leaves 3k more to cut by June.
I left the bank and achieved a 112% raise. Keep waiting for BoA to reward you that great raise/bonus.
Anyone have any idea where the 4000 job cuts will be coming from?
https://www.businesslive.co.za/amp/bd/companies/financial-services/2023-04-18-bank-of-america-beats-profit-estimates-but-plans-to-cut-4000-jobs/
Yep. That CNBC interview 🤦♀️
I also read 2% layoff in ft.com
We always get screwed so that he can have positive numbers to talk about.
Been the same for years.