Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

Lack of staff

My team is terribly understaffed. Everyone is trying to keep their job and putting in a lot of extra effort to get all the work done, but it's not enough. We need more people. Of course, in the meantime, the motivation of the remaining employees is... — read more 

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| 2190 views | | 6 replies (last December 10, 2022)
Post ID: @OP+1jZ5ejNC

The beatings will continue until morale improves

Well put, the beatings will continue until morale improves. The customers and financial advisors are already affected by the exodus of process supporting employees. Leadership has shown they do not care.

by
| 1344 views | | 1 reply (December 2, 2022)
Post ID: @OP+1jYyPcUG

Limited bonuses and increases this year

Limited bonuses and raises this year - very limited pool. Factors include prior year over year increases, job change increases, , if you received a mid year raise for less than $100k people. If you received any of those that will be used against you... — read more 

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| 3170 views | | 9 replies (last January 11, 2023)
Post ID: @OP+1jY08V3Z

Layoff mistake

I was laid off & called back within the same day. Big Boss apologized for what she said was an error. So grateful for my job.

The BoA Constrictor...

...is here. https://www.businessinsider.com/treasury-yields-recession-fed-inversion-inflation-economy-unemployment-1981-2022-11

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| 1300 views | | 4 replies (last December 1, 2022)
Post ID: @OP+1jXAO9C6

Nice advice when dealing with bullying

Unfortunately the extreme pressuring / bullying / inappropriate behavior in its various flavors is pervasive throughout the org. Maybe you can make friends with another team and transfer over to another area that might be better. While I see it a... — read more 

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| 1270 views | | 4 replies (last December 2, 2022)
Post ID: @OP+1jWHw2cV

Bonus

If I decide to leave, what date do I need to stay until I keep my bonus?

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| 1640 views | | 3 replies (last December 1, 2022)
Post ID: @OP+1jWz2NWS

Who do you believe, Goldman Sachs or El-Erian?

https://www.goldmansachs.com/insights/pages/outlook-2023-us-expected-to-escape-recession.html https://www.msn.com/en-us/money/markets/brace-for-violent-shocks-that-may-reshape-the-global-economy-forever-warns-top-economist-mohamed-el-erian/

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| 1780 views | | 8 replies (last December 3, 2022)
Post ID: @OP+1jUNse9m

Salary / bonus $

Any word on EOY salary / bonus money? Better, worse, about the same?

by
| 2870 views | | 8 replies (last December 1, 2022)
Post ID: @OP+1jPlmQ0q

WFH

Currently on All Hands Call with Matt Y. Fraud gets 5 WFH days a month. BFD!

by
| 2120 views | | 3 replies (last November 23, 2022)
Post ID: @OP+1jOfYHgp

Am I being paranoid?

I've put in my two weeks notice and I'm trying to decide if I should tell anyone at my company about the new opportunity I'm leaving for. I know that management and some coworkers will ask me why I'm leaving and my boss even said he'd like to hear... — read more 

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| 1720 views | | 4 replies (last November 25, 2022)
Post ID: @OP+1jOnnLL0

Shared Stock Regrets..

So the bank gives out shared stocks as incentive for retention.. but I’m pretty sure they’re realizing employees would have preferred cash money NOW vs 4+ years from now considering the inflation struggles for most families. The original emails... — read more 

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| 1770 views | | 3 replies (last November 27, 2022)
Post ID: @OP+1jOOCO8b

How often does this happen?

Manager showed an excellent review version A to the employee in the review meeting, with the timestamp showing when the employee signed and acknowledged it. Then manager sneakily added a very bad review version B , without letting anyone know, it... — read more 

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| 1610 views | | 4 replies (last November 27, 2022)
Post ID: @OP+1jLcyBHv

Harassed and retaliated

Joined a new team few months back. Was told no documentation to follow and needed to get trained on specific business operation by a tenured team member (my work is technical but need to understand new business for my tech job). This was when... — read more 

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| 1750 views | | 6 replies (last December 15, 2022)
Post ID: @OP+1jLhPMja

Time off is great

15 yrs service, 5 weeks vaca. ( bought a week off); 4 weeks sabitical. Total 9 weeks paid time off. Not accounting for sick time & paid bank holidays. Not sure what all the noise is about on this site. Be enlightened & rewarded.

WFH.. Twitter today

So hopefully BofA takes note on what happened at Twitter today haha! Elon demands return to office and long hours.. most folks resign. Good for them! Americans have always worked long, ridiculous days and hours compared to most other countries… we’re... — read more 

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| 2060 views | | 9 replies (last November 23, 2022)
Post ID: @OP+1jLPbSrS

All the changes for the worse

This place is just a shell of what it used to be. Which change did the most damage to this place? I can't decide.

by
| 1350 views | | 5 replies (last November 26, 2022)
Post ID: @OP+1jK4eVRS

Bank of America and the BS Economy

The US is largely a BS economy, as the late David Graeber pointed out. All that potential wasted on BS. A growing "educated underclass" that's bound to get angrier. And millions of people chained to meaningless work and long hours. So when do... — read more 

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| 1001 views | | 2 replies (last November 17, 2022)
Post ID: @OP+1jKYUFcf

Took one day off and boss was not happy

My boss recently assigned me one day tasks asking me to finish by EOD. After I delivered, boss told me I was too slow, he'd like to see me to finish them within 1-2 hours which was the time he thought is enough for a technical job. He only did it to... — read more 

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| 1223 views | | 1 reply (November 19, 2022)
Post ID: @OP+1jKxHgU8

Welcome to the educated underclass...

https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html

by
| 920 views | | no replies yet
Post ID: @OP+1jJZyeDO

Forged review

Can manager wrote a very good review and asked you to acknowledge it, then added a very bad one after your acknowledgment and didn’t let you know about it? Is it legal for managers to forge employees’ review in United States?

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| 1480 views | | 5 replies (last November 18, 2022)
Post ID: @OP+1jJYv1o0

Lack of professionalism

This place has changed a lot. What bothers me the most is the lack of professionalism in the workplace, which used to not be the case. It is surprising that managers now in some ways protect those for whom there is no excuse for being... — read more 

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| 1440 views | | 5 replies (last November 23, 2022)
Post ID: @OP+1jIfGPA1

2022 Layoffs

Meta layoffs: 13% of workforce laid off (November, 2022) Twitter layoffs: 50% of workforce laid off (November, 2022) Zillow layoffs: 5% of workforce laid off (October, 2022) Peloton layoffs: 12% of workforce laid off (October, 2022) DocuSign layoffs:... — read more 

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| 3010 views | | 9 replies (last November 18, 2022)
Post ID: @OP+1jFmDXZz

Quarterly bonus while on leave

I am in retail sales and due to receive Q3 bonus on 11/26. However, I have had two surgeries in the past 10 weeks. Does anyone know how the payout works? I don’t have access to checs while on leave. I spoke with my Manager briefly but he wasn’t sure... — read more 

Pointless Enact

So they bug the heck out of us to respond to test enact calls.. but then they don’t use them to notify employees that the campus is closed?!? They sent an email out after 5p Tuesday after most folks have left for the day to say they’re closing the... — read more 

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| 1720 views | | 6 replies (last November 15, 2022)
Post ID: @OP+1jDY5Qvw

This place has been a dumpster fire for years

If you're just discovering that, you haven't been paying attention. Other than those of us who are waiting on retirement, I don't think anybody with options is still here. Or if they are, they are here because they're hoping they'll be laid off and... — read more 

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| 1710 views | | 1 reply (November 15, 2022)
Post ID: @OP+1jC0ceNM

There are still many top performers here

Don't kid yourself - Top performers aren't immune to layoffs. In fact, they are oftentimes targeted because they tend to be the highest earners on a team. The bank is notorious for getting rid of top earners and replacing them with younger workers at... — read more 

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| 1830 views | | 2 replies (last November 12, 2022)
Post ID: @OP+1jA1Pz6S

No complaints here

Treated well, compensated fairly. Not worried about any layoffs or negative nobody's

FinTech Meltdown in Progress

14% laid off at Stripe FinTech, that'd be about 1000 folks and all in San Francisco as it seems, so maybe the real estate prices go down This is what their CEO said:... — read more 

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| 1590 views | | no replies yet
Post ID: @OP+1jwVBEqc

When will we see more layoffs?

Can we get back on topic for a bit and talk about layoffs? When can we expect more and which areas are the most vulnerable at this point? I don't live in a fantasy land in which layoffs are not coming, so not knowing anything is annoying and... — read more 

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| 2980 views | | 8 replies (last November 15, 2022)
Post ID: @OP+1jwIqOgK

Technology

Anyone else notice their laptop has been ridiculously slow, especially starting around the time they install that spy/tracking/micro-managing software?!? Constantly getting alerts for updates with that program in my laptop takes 5+ min to... — read more 

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| 2400 views | | 8 replies (last November 15, 2022)
Post ID: @OP+1jwNGf7X

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