Rancho Cordova BAC is closing the building. They did not renew the lease. Oct 1 2015 is the last day 500 - 600 lay-off
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Told that new company would change our old culture. How? Still being micromanaged and an added benefit, timing guards to watch over our shoulders for the slightest infraction of the rules to fire us.
So sad for all those who worked there. However, I remember hearing a rumor after the Countrywide fiasco that BOFA did not want to be the "biggest" lender out there. It made them the biggest target. The only thing left was to break up and sell off the pieces that no longer worked for their business model. So, this was bound to happen. And, with many economist saying economic collapse in 2016 and banks storing up on silver, this was bound to happen. The Rancho Cordova Office was a decent place to work (albeit, if you had a good manager).
The outsourcing company and bank's leaders have repeatedly lied to the associates working here. In townhall meetings, Accenture rep said associates will get 27 pto days. Found out that's not true, she was speaking for herself as an executive with 30+ years. Associates were assured being hired was not contingent on passing the NMLS exam. Also not true. Offer letters all state that the offer is contingent on a background check and passing the NMLS exam. Associates were told the background check for the company was to verify work history, education, and criminal background. Not true as they have pulled credit reports and have demanded letters of explanation regarding negative credit items. They had advised that only the state licensing agencies would be reviewing credit when it came time for applying for licenses after passing the test, and any explanations would be requested and reviewed by the state agencies.
Accenture lied. BofA lied. People at the Rancho unit have way too much tenure and get paid too well for Accenture to keep them on. They're all about cutting costs and getting rid of these people is the way to do it.
media: http://www.news10.net/story/news/local/rancho-cordova/2015/04/29/bank-of-america-closing-rancho-cordova/26592283/
Nope just to all of us loyal employees who have worked there for years. Some upwards of 25 years. Selling us off to some company and not even allowing us the option of looking for a new job within the bank.
Nope just to all of us loyal employees who have worked there for years. Some upwards of 25 years. Selling us off to some company and not even allowing us the option of looking for a new job within the bank.
Nope just to all of us loyal employees who have worked there for years. Some upwards of 25 years. Selling us off to some company and not even allowing us the option of looking for a new job within the bank.
Not public, very hush hush and well executed.
Was this announced publicly?