Thread regarding Bank of America layoffs

I don't know about those that was recently Laidoff but the standard was 2 weeks for every year of service maximum of 1 year.

Quick question regarding the post about the 'condition of work' loophole for severance. Does that mean that severance is being offered to those who were impacted this week? And is the severance the standard 2 weeks for every year of service that has been offered in the past?

Agree that non-my work employees are being laid off too. The emphasis here is that MOST of the recent Laidoffs are my work non-hub location employees. GTO executive at the all hands meeting in December made a comment saying she was not against my work but looking at ways to use it more effectively. The next day Laidoffs occurred. Guess who was hit the most???

MyWork is older than the 1998 Nations Bank/Bank of America. As a BofA former employee, we were surprised that people could work from home. It had no name then, it was just an agreement between the manager and employee. Later, I was a MyWork employee until late last year. As for hub locations, there was a MS PowerPoint on the Technology website that showed the hub locations (e.g., southern CA-Calabasas, NY, etc.) including other slides with states for each people (MyWork or not).

Note, that non-MyWork people are being laid off in TI too.

Same story with me. MyWork for a few years. 10-12 hours per day..eat B-fast and lunch at my desk everyday. They now want me to come to the office and be with all the other people who show up for 8 hours..they take their 1 hour lunch breaks..they socialize for 1-2 hours ..and if they're lucky..then get in maybe 5 hours of work a day. I work more than twice as long for the same pay. I guess I'll have to come in now as per orders...I'll do the 5 hour 'Work' day like the rest. BOA know best!

I'm currently on MyWork, so one of the ones being headhunted, and I work many more hours now than when I was in an office. I'll log in early to get a start on the day. A lot of times I'll work through lunch, just eating at my desk. I'll also work past my "leave time", or just leave my laptop on and check emails every now and then during the evening. Why, it's convenient to do so. Also, its me paying back for having such flexibility. Fighting for days off has been reduced because I feel if I work from home, then those that can't or don't should get the ones around the holidays they want...again, since I'm grateful to work from home. Being in IT I've had off-shore meetings very early in the morning (2-3am my time) or late at night (10-11pm) my time, and didn't get upset because it was from my home....it's been about a balance, which I was grateful for.

So yes, I in particular was way more productive because I didn't have commute time back and forth or didn't need to take a lunch to "get away from it all". If I were to go back into the office, it'd be strictly 8-5pm...no more, no less because then my free time would be MY FREE TIME..instead of blending life/work so both sides win.

And as for BoA saying it's about team synergy...that is out and out BS. I know many teams still split up geographically, people being brought into offices where they aren't around their team or even their LOBs..JUST TO HAVE THEM IN THE OFFICE. And if proximity is their reason, why off-shore a large portion of work??

They pushed MyWork big time back in 2008 - 2010, had support teams set up, big meetings to talk about going on it and NOW they want to get rid of it...and not only that, but are trying to find ways to get out of paying severance for those on MyWork by finding a "condition of work" loophole. And YES I have sources that have confirmed this by being in meetings where this was discussed...BoA would never admit to this, but it's true. They don't know if they can to it, but they are trying. So want to punish all those that took advantage of a program they preached about earlier...that's the issue I have with all of this.

RIFs impact us all, and as employees we are a team (or were until Exec Mgmt created this contentious culture) so we should support each other. MyWork has taken a spotlight on this board because THAT group is being specifically hunted over all others. It would be like Mgmt tell us to take vacation so we don't burn out, then laying us off because we actually took it and weren't available 24/7...which who knows they may do one day. I know people scared to take it now.

Good luck to all the BoA team!

In-office collaboration is the party line being pushed now, and it's BS. People ate being returned to the office when their managers and peers are in other offices. So now they have commuting time and expense to make the same calls to the same people but now with less time and more distraction.

MyWork was going to reduce office space costs, increase productivity, increase employee satisfaction, and save the planet by getting those polluting cars off the road. So, which one of those turned out to be a lie? None? Then getting rid of MyWork is a headcount reduction exercise and nothing more.

Supposedly MyWork saved the company $500 per person per month. Do you honestly think you are going to get a $6000 yearly benefit from each person now "collaborating" face to face? That's a joke The bank's job is to make money for the stockholders. That money has to be made up somewhere. Chopping block, it is.

I am the OP, this is informative. Gives me a better understanding... Thank you all...

What made you think it's counterproductive? It's an arrangement that works in so many ways. For employer - less real estate cost, employee - less fuel/car maintenance cost & better time management, and the environment - less carbon footprint.

MyWork folks tend to work more hours because there is no more time boundary between work and home. They tend to do more because there are less distractions (office chit-chat).

Though I don't mind going back to office, I do lament to see it go away.

Mywork saves so much money for the company. Makes no sense why they want to dismantle this program.

Not sure who started and you don't want to hear my guess on who ended it! It's far from being counterproductive! The ones that actually can handle working from home and I mean the ones with discipline are extremely productive if not more productive. Working from home, you want to prove that you can do it and do it well because it is an amazing perk!! I worked from home for some time..Working from home, I rarely called in, I rarely took sick days.. You are at home, no need! I did save on gas and food. I was always on time and always ready to put in the extra mile. Not saying others at the office are not. There are several articles and research that show working from is a productive for companies..not sure what you meant about the "control" part. This is just one take on it. Reading other posts, sounds like a lot of resentment from associates at the office verses associates at home.

My work was developed and pushed by the executives who are now the same ones that wants it dismantle. It was a strategy developed to cut real estate cost. So they originally had goals to get as many employees on the program. Corporate workplace built cost savings around the program working with HR as employees migrated to the program to get them setup with home offices at the same time closing down vacant cubicles and offices. Big saves was produced by the program. Now they are having corporate workplace find open offices to migrate employees back into the office. For a while the mandate was to only certain positions. Now it's being pushed more aggressively to dismantle the entire program. The problem here is non hub/core sites. No location to move folks back into office setting. In California- SF data center is gone, LA is either closed or schedule to be closed soon and concord tech is now only one building occupied by the bank. Its scheduled to be closed soon. No location eventually means no job.

The real estate savings the bank was getting from the program is now being replaced by the elimination of people's jobs.