Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Band 5 to Band 4 Promotion

GTO. Being promoted to a new role (will have to go through the hiring process) that is Band 4 individual contributor from Band 5 individual contributor. The net new role responsibilities will essentially be a principal engineer (without the title)... — read more 

Memorial Day week badge swipes

Does anyone have any insight on whether badge swipes will be tracked and reported that week? There will be many employees out on vacation that week.

B of A isnt what it used to be

B of A used to be an amazing bank. Used to be. Now it's going down hill like an Olympic luge sled. No surprise. Most management is bad management. That's why 40% of all businesses that survive their infancy fail in the first five years. Egos... — read more 

Please Help This Family

https://www.dailymail.co.uk/news/article-13391501/Bank-America-banker-former-Green-Beret-dies.html Donate here if you can https://www.classy.org/campaign/the-lukenas-family/c585052 Thanks

Layoffs

I have heard about June Layoffs? Any other info out there?

RTO 5 Days a week

I recently hear that Bofa wants to be the first Bank to bring 5-day RTO starting January 2025. Has anyone heard any details on this or the confirmed timeline?

Job Title Change

Anyone else have their job title changed? We are being told it's a corporate initiative so all roles are aligned.

6 week period to calendar

Does anyone know when the next 6 week badge swiping calendar starts? It would be helpful to plan.

Medical

Anyone gotten a role reassignment for medical in the last 6months. If so can you share any feedback.

Business Banking

Based on today's call to merge Business Banking into small business how many Business Bankers run for the hills.

BOA CEO/DIRECTOR OF THE BOARD

It will be interesting to see if the shareholders voted for Popeye Brian Moynihan to continue to be on the board of directors. Me personally, that's too much power he always is the CEO a clueless one of whats really going on within the company and... — read more 

Verify Adult Dependent

Looks like we all get to dig out our marriage licenses and tax filings to verify our spouse is eligible for health insurance. Employer is not entitled to see our returns and I’m sure my wife of nearly 32 years will be delighted to dig out our... — read more 

Workspace excellence portal

Newly designed portal shows badge swipe weekly report to managers for 6 the week period of their directs. Employee should have 4 good weeks out of the 6 weeks sliding window. It provides summary for each employee is compliant or not. Manager has an... — read more 

Truist employee coming to ask about RTO.

Hello from another banking employee to commiserate about RTO mandates. I am coming to your board as I had heard BoA uses badge swipes and tracking methods. I was just curious if this is true and if so what is actually happening. We currently are... — read more 

Diversity promotions

Anyone willing to give a bit of honest visibility into the promotion of “diversity candidates?” When promoting someone, what are the requirements or recommendations re: ensuring that diversity candidates are considered? How are bosses incentivized to... — read more 

Profits Down 18%

How does Brian Moynihan still have a job? Seriously… If I caused an 18% loss by making a bad decision concerning long-term investments my head would be on a proverbial platter. This is just unacceptable. And this is why hardly any of us got raises... — read more 

Miserable

This place continues to spiral downward. Increasing amounts of surveillance and unrelenting workload. Expected to be extremely dedicated while being treated like an hourly worker at a dollar store. I feel like I had more autonomy when I actually... — read more 

MyWork still going strong

Most people who were in the “MyWork” scrutiny seem to be getting to stay in the program. Not sure what the point was in even causing such a stir…..

TOXIC ENVIRONMENT

This place is so damn toxic. Middle management, especially overseeing the financial center channel, is horrific. Nepotism is rampant and no one actually gives a damn anymore. I am actively looking to leave as management makes clear they don’t want... — read more 

Global Financial Crimes Specialist

Possibly moving into this Band 5 role. Can anyone summarize a day in the life please? Does it involve making or receiving client calls? I’ve got a little time to decide.

BofA US retirement medical coverage.

is Medicare Advantage the only choice (I'd rather avoid Advantage Plans for me/my spouse as expensive and limiting for coverage) or could i choose Medicare (I qualify) with BofA Retiree as secondary and has anyone found that has worked out for... — read more 

Something BAC Would Never Resort To

We're a great place to work after all, the greatest https://finance.yahoo.com/news/latest-quiet-workplace-trend-cutting-110927951.html

Looking for "Younger" FAs!

Someone told me that Amanda Ross said on an All Hands call today that they're looking for "younger" FA candidates...She corrected herself midsentence but really?

trying again

since my last post was 'deleted' I think for using full names, yet I see other full names on here all the time.... is the direct report of the global head of HR with the same last name also her son? me thinks so...

RSU Acceptance??

Anyone who received RSUs, can you please tell me if you have been able to accept them in the system? I have no RSUs pending acceptance. So, I guess this means I did not get any? My manager is away on leave for a few months, and we don't really... — read more 

No more stress and crazy workload

Leaving BofA was not just the right choice for me, it was the best possible choice I could have made for my mental health and overall happiness. My new job is mostly stress free with a normal workload and a great manager, none of which I had at BofA... — read more 

PPP overtime settlement

Does anyone have access to this article on Bloomberglaw? https://news.bloomberglaw.com/litigation/bank-of-america-resolves-overtime-suit-over-ppp-loan-processing

Business Banking to be combined with Small Business

Announcement coming soon. Sharon Miller and Raul Anaya will co-head the combined new organization, which will remain under Dean’s Regional Banking org. With the change, Business Banking will no longer be part of Global Banking (which includes GCB... — read more 

In office VPN Monitoring

Great .. now they are starting to monitor VPN to monitor everyone and how many days and hours they are working in the office Another way to micromanage

Covid policy?

Does the bank even have any sort of Covid policy anymore ? Like as far as what employees should do if they test positive?

Pay range for Mortgage Specialist III?

Does anyone know the pay range for this position? I am curious about the top range. How high does it go? And what is the next position up from this?

BoA = Bolt or Agree

Will there be further layoffs? Would be nice to know. Share your information! Banking is doomed.

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| 1490 views | | 6 replies (last March 16, 2024)
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