Thread regarding Bank of America layoffs

Private bank full rto

Announced yesterday. Mandatory full time in office for all levels, no exceptions. 5 flex days per month. Effective 10/31. Daily swipe tracking to enforce. Any standing rto individual exceptions will expire 12/31/23 and not be renewed.

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| 4522 views | | 28 replies (last November 8, 2023) | Reply
Post ID: @OP+1pglQcAT

28 replies (most recent on top)

"hr does not work for you
they are there to protect the company"

Of course they are, but reporting things eliminates the banks ability to deny knowing about violations. Documentation will track failure to act & aid in any potential lawsuits or complaints

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Post ID: @evta+1pglQcAT

@7odw+1pglQcAT - why do i stay in a job I hate?

It used to be a job that I liked, until mngt became all Orwellian Big Brother.

Why do I stay? Health care. At this point, that's pretty much it.

Too d@mn tired from being under-staffed and over-worked to bother looking for another job. Just doin' my time to 65. (and I ain't the only one)

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Post ID: @9tir+1pglQcAT

@7odw+1pglQcAT

When I was hired to the company Pre-COVID, I asked the hoping manager about WFH capabilities. Her answer was “I don’t want to know when you work from home, I dont care when your work from home, as long as your work gets done.”. Now she has no say in the matter despite the fact I’ve been working primarily from home at a high level for years.

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Post ID: @7rtt+1pglQcAT

@7odw+1pglQcAT

Prior to COVID: Assigned Workstations
After COVID: Random Workstations

Issue is not with RTO. I think having a designated seat makes much difference.

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Post ID: @7sxm+1pglQcAT

How did you people ever survive prior to covid and WFH? I mean is coming into work really that bad? Why are you even in the jobs you have if you despise office life so much? I just don’t get it.

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Post ID: @7odw+1pglQcAT

When you say “standing rto individual exceptions will expire..” I didn’t realize there were any approved exceptions, other than accommodations??
They can’t ignore ADA accommodations…

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Post ID: @6tig+1pglQcAT

"Those leaders like that need to be called out in every single survey and reported to HR every possible time"

hr does not work for you
they are there to protect the company

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Post ID: @4ggd+1pglQcAT

Guarantee you that they didnt read any of the actual comments on the surveys.

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Post ID: @4djo+1pglQcAT

If you are in I.S. at BOFA, start working on your exit strategy now. Sc--w the stock vesting, you'll never see it anyway.
I left 2 months ago-under Aditya- for a full remote position and life is great. Now with a company that does not simply add more and more responsibilities to those still there. And one that is not obsessed with meat in seats.

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Post ID: @4qrk+1pglQcAT

The cr-p part about this entire WFH thing is there are managers that abused the covid leave and fmla to the hilt and have the nerve to put others on performance management or try to fire them. All while smiling in everyones face
Those leaders like that need to be called out in every single survey and reported to HR every possible time

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Post ID: @3bfo+1pglQcAT

Whoever said be honest in employee sat surveys
I unloaded in my last one and I wasn't the only one on my team to do so
Retaliation in the workplace is real.
Give them a reason, wait for it to happen & trot on down to the EEOC

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Post ID: @2qjv+1pglQcAT

They can track via VPN. Are they? Not sure. They used to pre Covid. Now it is badge swipe. TBD if it’s badge with VPN. They have reports. If you’re on the report you’ll be notified. Idk how far back the report goes or the time span, but they are officially rolling out the reporting and consequences. Though they didn’t tell us the consequences just the reporting was out and we would be notified if we were on it.

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Post ID: @2zjf+1pglQcAT

Did they mention how the 5 days work in combination with sick/vacation time and if there will be some sort of tracking system for employees?

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Post ID: @1jfj+1pglQcAT

I'm in Global Technology, and I just received my invite for tomorrow

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Post ID: @1lpi+1pglQcAT

If every office staff member just agreed to not go into the office - who would be left?

Stick together and it will work itself out.

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Post ID: @1wgl+1pglQcAT

"Responsible Growth" = Encourage attrition through RTO and open-office and avoid severance at the same time.

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Post ID: @1svj+1pglQcAT

This is the lower leadership directive, not your B2 leadership. It’s time to start being honest in employee sat surveys and the like. They’re finding reasons for attrition since the great resignation didn’t happen and the bank over corrected for that assumption.

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Post ID: @1ube+1pglQcAT

This is about control and micromanagement at the executive level. Don’t blame your peers blame your executive leaders specifically. They called for this change. They are micromanaging. Move to the public side if you chose to stay with the bank. The leaders on public side are offering more flexibility and work life balance.

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Post ID: @1vjn+1pglQcAT

At the end of the day, the why doesn’t matter. We all have you to blame. Refused to come in 3 days a week and have now ruined it for all of us. Thanks

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Post ID: @1ygt+1pglQcAT

Even if the bank doesn’t hold a lease at these large offices, the bank has many commercial real estate clients. So they have leant money to many companies to purchase building that are leased out and now not being used. I know the issue is not about “collaborative work environment” and really about the loss of revenue. They could have made 3/2 hybrid work if they would have been clear about expectations and repercussions.

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Post ID: @1mhb+1pglQcAT

I thought we focused on "core competencies" which included generally getting out of the real estate business except maybe for a named stadium or two. If so, the leases will expire, so it shouldn't be such an issue, and if staff is reduced that's a reflection of assumed workload.

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Post ID: @1tla+1pglQcAT

Not surprising. Client facing groups in other LOBs already work 4 days in, 1 day out.

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Post ID: @xon+1pglQcAT

Five flex days per month is current norm for many areas. How many days working from home did private bank allow before this change?

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Post ID: @lhq+1pglQcAT

I am sure it is because wells moved buildings, but you have to think the fact no one is renting it out is because people aren’t working in office. Plus BOA is doing the whole open work place garbage at every site. So sure let’s make the employees miserable by making them be in office every day and not even give them their own seat

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Post ID: @zvi+1pglQcAT

@cfv+1pglQcAT It’s in foreclosure because the main tenant [Wells Fargo] decided to move into the building it actually owns… Former Duke tower and CIC campus.

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Post ID: @fsw+1pglQcAT

My groups has an all hands tomorrow for an “update on workplace excellence”. I can’t find anything anymore on the hybrid schedule just the original announcement last year. No FAQs or anything. So- I am sure it’s about to be the whole bank. Plus one of the major towers in CLT is in foreclosure (Wells Fargo tower not Wells Fargo owned that’s just what it’s called). And how do we increase commercial real estate … make ppl go in the office

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Post ID: @cfv+1pglQcAT

It’s coming across the board by year end. All LOB.

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Post ID: @zut+1pglQcAT

Thank you OP for providing this important news. We all need to stick together as fellow employees.

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Post ID: @cxu+1pglQcAT

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