Someone on my team received this from their manager today, thoughts? You are receiving a letter of Education for failure to follow the minimum expectation regarding your work location set by the Workplace Excellence Guidelines despite requests and... — read more
Realignments
Are people still getting redeployed to other lines of businesses? If so, where are you coming from and going to?
Censorship
Last post was deleted by TheLayoff.com. Didn’t use any swear words or insult anyone. Just mentioned the political bias in the B of A organization. This website shows itself as not an open forum, so don’t get confused.
BM: Our Customers are Planning for a Soft Landing
https://youtu.be/TsNODLXCowk
BAC Q4 Earnings: EPS YoY Change -58.82%
Are layoffs around the corner?
Discuss Bank of America Q4 2023 profit
As expected this shiit company earnings halve from a year ago. Does this mean all the so called shiit leaders still continue to milk large bonuses and pay pennies to hard working employees? almost It’s time for year end pay for performance... — read more
Medical Accommodation
Has anyone gotten a lay off for going through a MA? Was just advised if after a couple months they cannot re-assign i will then be laid off.
Questions from HR: Not showing up 3 days a week
Manager approached me saying HR wanted reasons as to why I wasn’t in office 3x the week of Dec 4, Dec11, and Jan 2…. I guess they really want to start enforcing this policy now…
Merit and Bonus Cuts again …
As a company we continue to say “record breaking profits and performance” and yet again duRing YE convo it’s “we will see minimal raises and cuts to bonuses” … this is like year 4 that we are hearing this. With this trend there will be no bonus or... — read more
Outside employment
What are the rules on outside employment?
Do we even need branches anymore?
Be honest. Isn't that the biggest waste of money at this point?
Shared success?
Has anyone heard if we are getting shared success rsu’s this year? I’m out and haven’t checked the old ball and chain email lately.
Bank of America Layoffs 2024
Have you heard anything about potential Bank of America layoffs? Any chatter, news or rumors?
Rumors about more layoffs in January
Is this true?
Scaring us into quitting
Bank of America is trying to use fear to get people to quit and avoid paying us severance. Managers are allowed to bully and yell at employees and nobody does anything about it. We are being told people are being fired and we should be happy to have... — read more
Boss just let me know remote work ok for the last 2 weeks....
Anyone else get the news?
My Work
Anybody still old school Mywork. I heard HR is reviewing everybody one by one to decide if you should still be home or not.
References
Ok, I have a question please. Back in the day we were told that bank employees can NOT provide reference letters to people for their resumes. We could only provide the phone number for HR to verify employment. Is that true today?
Hourly Employees....this is going to pi-5 you off!
Wondering if anyone else has heard of this happening; and if so, what market and LOB? An Admin was working from home and signed in at 7:10am, but entered his/her regular time of 7:30am into Workday. He/she literally got a call from HR that day to... — read more
WFAnywhere
Some companies are telling associates they can work from anywhere the last 2 weeks of the year. Seems like BofA would follow suit since they like to brag about their “great” employee perks..
Year End Survey
At year end 2023- how do feel about the survey going into 2024? How honest do you intend to be?
Title promotions
Some people got both their band and title promotions the same year and we are told they don't normally do title and band together. Basically they can do anything if the manager wants it and HR have no consistency. I was denied a title promotion... — read more
End of year bonus?
For us regular employees, will be be getting stocks again? Or is there any word about an actual paid out bonus like the old times? I know they have received a lot of feedback about the stocks being a poor choice so I wasn’t sure if anything else has... — read more
Band Level Compensation Limit
Is anyone aware of the salary caps by Band Level (for non-revenue generating roles)? Preparing for 2024 comp conversations, thank you! :)
HR confirmed no badge swipe monitoring from monday till year end.
HR confirmed us verbally yesterday but no written communication yet.
Workplace Excellence Enforcement Officer
What team is the enforcement arm for RTO/workplace excellence? I would like to become an RTO enforcement officer or whatever they call themselves. I want to go to people's desks and write tickets for not hitting the 3 days. I'm picturing black suit... — read more
December badge swipe monitoring?
Does anyone know if badge swipes are being tracked the last 2 weeks of the year?
Use your sick time
It's a use it or lose it benefit Some LOBs may let some roll over to Q1 but who knows if they will cut folks Get your doctor's appointments in Enjoy the holidays with your family and let the worrying occur next year ✨️
Badge Swipe Out Machines
I have heard a rumor that offices will soon be installing machines where you will need to swipe out with your badge to be able to leave the office. Supposedly, this is to track who is leaving early as they continue to crack down on who is/isn’t in... — read more
Medical Accommodation
Has anyone gone through the medical accommodations process recently? Specifically for a mental health disorder (legitimate so please be nice) ? How was the process and what should I expect? I was approved last year but not sure if anything changed... — read more
GTS Title Promotions
Anyone have any idea when non MD title promotion will be announced? Feeling like I’ve been having this title promotion talk with my manager year or year and some excuse is made.
Banking collapse in 2024.
A repeat of 2008 is on the horizon. On July 5, 2022, the yield curve between the two-year and ten-year Treasury notes inverted, and it's stayed that way since then. The feds interest rate hike started on March 17, 2022 and was paused on July 26... — read more
% based / grid pay?
Can anyone help me understand this new grid pay??
US Economy added 199k jobs in Nov - low unemployment
US Economy added 199k jobs in November + low unemployment! Inflation cooling and unemployment is not rising… this is the sweet spot.
Ops Analysts Team Manager Cuts
It was announced today that, nationwide, all Team Managers for the Operations Analysts have been eliminated and will be moved to Financial Center Managers. What a slap in the face. We were told that as non client-facing associates we are first on the... — read more
Attrition / Deleted in Outlook
Has anyone seen any attrition after the Nov 27th deadline of complying with the 3 day return to work edict? I just saw my first email recipient marked as “Deleted”.