The bank is moving around employees. LOCRO got several employees added to their teams. We have a so called new "proficiency coach" for CRO but she doesn't know litigation and is never in the office. She pawns off her work to CRO specialists, makes... — read more
Interviews & Offers
I did interviews for them as a previous employee and both interviews went extremely well. However as I waited for a respond I was notified there was a hiring freeze . I want to verify this wasn’t just me and others received the same follow up. Which... — read more
BofA is so toxic right now
All the managers are currently freaking out trying to prove they're worth keeping around for the next inevitable round of layoffs. They straight up told us that they were not gonna fill any open positions, so we have to work even harder for even less... — read more
The truth about work from home.
I want people to know the truth about WFH with all the discussions going on. I was part of a group that was asked more than once to move in order to keep my job. If you didn't we were told we would be let go. We'll some people were never let go and... — read more
Six interviews in the last two months and no offers
Each time I thought I did great, they seemed satisfied and vocalized it, and then I either got an email that they decided to go with another candidate or they ghosted me altogether. I don't think I'm doing anything wrong, which confuses me even more... — read more
There are bigger issues at hand than RTO
https://www.foxbusiness.com/markets/bank-america-clients-withdraw-2-3b-u-s-securities.amp
And so it begins... tying pay to attendance
Once again, JPM is first mover. Are we next? If our managers have to be in the office, you can darn well bet they will make us be there, too. But sounds like it only impacts bonus, not salary. (for... — read more
Layoff or job move info?
Any new info on internal movement between areas or depts or layoffs?
First came the return-to-office policies. Now comes the discipline: How companies are punishing work-from-home holdouts
Not BofA but an idea of where things are headed: https://fortune.com/2023/04/05/return-to-office-policies-discipline-work-from-home-firing-bloomberg-apple-roblox/
Will Silicon Valley Bank’s collapse lead to a financial crisis?
https://www.brookings.edu/podcast-episode/will-silicon-valley-banks-collapse-lead-to-a-financial-crisis/
How many of your colleagues have left in the last few months?
Now that I look back at the events of the past few months, it is surprising how many of my colleagues have left, considering that it is not the easiest to find a new job right now.
Earnings report is in about two weeks
Should we assume that we'll have no layoffs before then? I'm thinking that the management will wait to finalize and report numbers before they decide to let go of any more people. But I also think that after the report all bets are off and we might... — read more
External Offer - Seeking Internal Match
Received external offer (w/ slight bump, but longer commute). Informed manager, who is consulting HR for retention options. I've heard of off cycle increases, but how hard are they to get, plus wondering if hiring freeze lowers probability of getting... — read more
Open Seating
I keep hearing it's a lot of locations that are now doing open seating instead of having assigned cubicles. Is it because of people not returning to the office and the medical "accommodations"? So far from my location we still have assigned seating... — read more
How is return to the office going?
What do you see around you?
No Badge Swipes = Call from HR
Someone just told me HR is reaching out to people regarding their lack of badge swipes and failure to return to office. Apparently some people have been fired over failure to return.. Is this true?
Guardian Approvals..
What genius suggested that it was a good idea to send badge, access, guardian approvals to literally every ACR that ever existed regardless of the site building and location. WTH? I’m spending a great deal of time deleting these damn emails.
Something coming?
The comments are turned off on flag scape. Connections has been down for days. They will start “moving” people around in locations soon….
What’s going to happen to CLT contractors?
2x the bodies for the amount of space, it doesn’t seem like there’s room for us at all without disrupting people’s personal space, while they are still chasing down additional FTEs to come in.
RTO Compliance Reporting Coming Next Week
RTO reports will be sent to managers next week. Combination of badge swipes and VPN time for the Jan - March. Those not in compliance will be given a verbal warning. Reports will be produced monthly thereafter and continued failure to comply will... — read more
Now that there's real world evidence, will anyone listen?
CS lost a lot of talent and paid the price. B of A brings the RTO fist down as a way to drive out good people to avoid paying severance. Will they learn anything from this?... — read more
There are no upsides to RTO
They want employees to be just as productive as they were working from home but also want them to be in an open space office where the distractions are endless. RTO would make more sense if it was truly beneficial but I've yet to see it and... — read more
Redeployments/layoffs
Has anyone heard any real news about redeployments or layoffs coming this week? I am worried with this rumour of March 27th going around. https://www.pymnts.com/news/banking/2023/bank-of-america-reportedly-shifts-employees-from-lending-unit/
2/3 no unpaid overtime or weekends
"Simple. Limit VPN to 18 hours total between Mon-Fri 8-5pm local time. After hours and weekends would be unmetered." No 40 hours should be all that is required, weekends and afterhours need additional pay and benefits.
15 years with the Bank, manager asked for resignation letter
I have been with the Bank for 15+ years, manager asked for my resignation during 1on1 conversations. Is this kinda layoff without any severance package? What are my options?
I don't know anyone who left because of the RTO mandate
In the beginning I thought that a lot of people would prefer to leave because of the convenience of working from home and not wanting to return to office, but it seems that there aren't that many of them afterall?
Retirement Announcements?
Has anyone noticed any managers suddenly announcing their retirement from Bank of America in 2023?
So much for retirement
Retiring from a bank successfully has become as rare as finding a needle in a haystack due to all the layoffs going around for the past several years. In fact, your chances of getting struck by lightning are probably higher than achieving a... — read more
2023 Stock awards appear now
I got 120 stocks deposited into my account for 2023 but dont recall at email about the amount.
"Workplace Excellence" calls
Anyone else get "the call"?
Anyone buying this stock at $25?
Or should we wait for an even better entry point?
RTO Engagement
Reason 1,659 why I hate RTO.. they want us to plan engagement activities- but not everyone can RTO, so we have to “get creative”.. but we can’t just send gift cards, can’t get home addresses in order to include those with accommodations, but we have... — read more
Why woke ‘Frisco Fed chief missed Silicon Valley Bank’s warning signs
https://nypost.com/2023/03/17/why-woke-frisco-fed-chief-missed-silicon-valley-banks-warning-signs/
People at Bank of America Knew
People at Bank of America knew what was happening across the banking industry--and the overall economy. Deregulation, vulture capital, wars, crypto, worthless tech startups, Chinese hustles, funds of funds of funds. Climate chaos and an aging... — read more
3/2 rule and time off
For those trying to comply with 3/2, are you counting days off (vacation, personal, holiday, sick, etc) entered in workday as a office day? I haven't seen guidance on this but know some other companies that do 3/2, count days off as an office day... — read more