Thread regarding Bank of America layoffs

#BestTech #BestTalent

Haha, except neither are true. Bank is too cheap to pay for best tech and they are certainly too cheap to pay for best talent, as evidenced by how many times the bank ends up causing issues for themselves. This was caused by poor planning, by "besttalent" who clearly doesn't understand the systems they are responsible for.

This bank has some of the worst tech and customer support system. Whoever designed them and continue to vouch for the system should get fired.

After several re-organizations, random layoffs, annual manager turnover, and general chaos, about a quarter of team is left. None promoted. Several forced out for nonsensical reasons. Local area has limited employment prospects. Relocating to different geography poses its own challenges, even if willing to move at own expense.

I imagine this would be like joining the adult industry with a little one.

Got to be very difficult

If you stayed over a dozen years and never got promoted, the problem is with you. I left and I got a massive raise.

Its common for the loyal folks with longevity to be left behind while newer people get higher salary. It's been going on for years. There is no appreciation for knowledge and maturity, as well as work ethic, when you reach a certain age.

I only WANT competent leaders in this company. I don't care if they are black, white, purple, orange and blue. I am tired of seeing the same empty suit mutherfockas walking around that can't tell their azz from a wall. I also prefer someone that can speak fugking English.

Try being black and trying to get promoted... It's always talk about diversity but when you look at the leaders band 4 or above I can count them on 1 hand if that 👀

It is called social skill. If you are young and goof looking, it s easy to make friends with powerful people. If you are part of the racial statistics, you can also get a chance to be promoted. However, you get the title but the bank still need someone to get work done. This is why sometimes vp makes more money than SVP.

Seen it a lot recently under the guise of re-org. The newest, least knowledgeable/experienced employees get moved up due to being friends with the senior executive and the executive actually demoting top performers to make room for their friends and lackeys. Not sure how this firm is going to survive.

I hate to tell you this. I left for all the same reasons. Went to another bank, rated best employer, total sh-t show, BAC might suck but others suck more. The whole industry stinks, it’s like the boiler rooms of the 90’s

See it all the time. And don’t forget bring part of a particular diverse group also with no experience.