The only thing I hope for now is a package, so I can finally leave this place in peace and forget about this absolutely awful leadership. Unfortunately, I think that a poll would probably show that more than half of the employees think the same.
This will be fun
https://www.reuters.com/business/finance/big-us-bank-ceos-be-grilled-by-congress-consumer-social-issues-2022-09-19/
Job Cuts?
I heard on the news that Bank of America, along with JP Morgan Chase and other companies have announced job cuts. Does anyone know which jobs are being cut?
Glad I am out of there
I was so angry when I was laid off, especially considering they decided to keep the most incompetent person on our team, but honestly, today I’m so glad I was. It took finding a new job and settling in for a few months to realize how toxic my former... — read more
Constantly hurting the morale of the best and most loyal
My mistake is that I didn't leave here long ago, but this place used to be much different. Someone asked an excellent question - is it the incompetence or is BoA intentionally hurting the morale of the best and most loyal?
Egomaniac manager
You must know the type: he or she is always right, no matter what. It doesn't matter if their "solution" will harm the bank and/or the client, they'll do their thing because nobody can be smarter than they are. How the he-l do you deal with a manager... — read more
Sabbatical Announcement
Am I reading the announcement correctly that unless you exactly hit one of the milestone anniversaries in the year 2023 no matter if you have already passed the 15, 20, 15 year mark, you have to wait until you actually hit the next milestone to be... — read more
Wells Fargo is forming a Union, we should too!
Employees from Wells Fargo are in the process of forming a union. This is huge news since banks are notoriously anti-union and like all corporations would rather spend millions in lawsuits than succumbing to workers’ requests. If they are... — read more
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
BoA to follow https://www.cnbc.com/amp/2022/09/12/goldman-sachs-to-kick-off-wall-street-layoff-season-with-hundreds-of-job-cuts-this-month.html
Free Lunch? Sounds like that "flexible announcement" is icoming
Not getting my hopes up, my guess 4 days a week in office starting Oct, anyone with any actual info?
Laying off employees soon after hiring them
I was hired four months ago. I left a decent job for better pay and a chance of progression. Now I learned that Bank of America is known for laying off people who have been here less than a year. Is this true? How worried should I be? If I had known... — read more
Working two full-time jobs during WFH
I need people to be honest with me, please. Did you manage to balance two jobs while working from home? Several people have called me crazy for not taking the opportunity while we were on full WFH to do another full-time job and I think they're full... — read more
Where’s department of Estate Service Operation team?
Does anyone know or heard this team? Used to located in some cities included FL Tampa, is it still around? Or any update such as relocation or closure information??
The battle to get workers back to the office is heating up
https://www.kcra.com/article/battle-get-workers-back-to-office-heating-up/41098066
This place ki---d my drive
No matter what I do there's always something they'll find to complain about. I've been busting my a-s for this place just to be met with expectations to do more. It's never enough. Well, I no longer care. If you can't satisfy somebody when you know... — read more
Just leaving this here
Sept 6 (Reuters) - Bank of America Corp (BAC.N) will outline flexible working standards over the next six to eight weeks that will adapt to changing conditions, Chief Executive Brian Moynihan said during a New York industry conference on... — read more
Early retirement packages?
My friend at a large company was offered a package to leave as were others. I remember back in 2005? The back offered this. What do you think the odds of that are now. We seem to have an unbalanced group over 40 vs under. Just curious on peoples... — read more
GS - working conditions are bad
Leaked: https://drive.google.com/file/d/1jyeu-wvS3Z10xQ0BlMIDOkh_INoP_Nnb/view
Reminder to move all your 401k cash to BAC
Only when it hits $25 or lower.
Does Anybody Know???
I just had a short term disability claim decision changed by Sedgwick from "denied" to "approved". This is after months of them arguing with my various doctors. Now I have been told that I will get back pay for about 20 weeks. Does anyone know if... — read more
What do I gain for being a band 4 versus 5?
Hello - aside from a potential pay increase, what else do I gain if I move to a band 4? I think I get an extra week of severance for each year of service should that ever happen. What else changes?
Layoff Before Q3 Ends for Better Earning Result
Q3 almost ends, now it is time for management to trim headcount and to cut cost. Our Operating Revenue / Front Office Full Time Staff is lower compare to peers. Many of middle managers are toxic to business. Global markets must deal firmly with the... — read more
Just to recap…
“We reviewed compensation and opted to give your hard earned money to the people who are entry level and provide basic services vs the top level associates whose work actually has direct impact on the organization.” Always a nice slap in the face... — read more
Quiet quitting
I know this is the new phrase of the month or whatever but I think some of you are misunderstanding its meaning and taking things too far. The point of quiet quitting is to do your job and just your job. It's not to do barely anything the whole day... — read more
Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers
Bank of America said it is now offering first-time homebuyers in a select group of cities zero down payment, zero closing cost mortgages to help grow homeownership among Black and Hispanic/Latino... — read more
Employee Satisfaction Survey Is A Joke!!!!
They pretend they care about ESAT result. They don’t. Managers with bad reviews still stay and wasting bank’s company, corrupting our culture, and playing politics. If management take ESAT seriously, they need to layoff managers with bad ESAT... — read more
Time tracking
So if they’re going to track when employees log in and out for the day with the newest micro-managing tracking platform, why don’t they just log hours for them!? I mean, if you don’t trust employees, at least save them the hassle of logging in to... — read more
Middle Level Managers in Global Markets is Toxic for Company
Many of newly hired middle level managers are hurting business. They are not delivering but just bullshting
Insurance premiums widdle away at our income
For the 11th year in a row no increase for the lowest earners but anyone above 50k has their earnings reduced AGAIN. Man, compounding costs while keeping pay the same HURTS.
The biggest reasons for leaving?
I will leave this place exclusively because of the manager. I believe that if you were to make a list of the biggest and most frequent reasons why employees leave, bad managers would be at the top of that list.
2 Week Notice?
Anyone put in their 2 week notice lately? Is BOA honoring that, or are they being a holes and telling you to let that be your last day?
New System
So we got this new system that went live this past Monday 8-22. It was created for front line collectors but before making sure it worked for every department including all Specialty Units they went live and guess what the Specialty Departments lost... — read more
Military spouse MyWork?!
I’ve been with the bank for just over ten years now. My husband was recently given orders to PCS to another state, nowhere near a bank office. What are the odds they’ll move me to MyWork without much hassle? I’m already working from home with a... — read more
B4 Business Control Manager
Does anyone have experience or knowledge on estimated $ range for a B4 Business Control Manager in GO?
BREAKING NEWS! Employee Engagement Index up 12%
... over the past decade. Go team! More details in two weeks -- still hard at work on the finer details.
What’s the in-office/RTO deal at BofA?
I left a year ago, just wondering if full time office was mandated or if you’re still on a hybrid schedule. (HR specifically if you know)
Where is buyback money?
Bank of America announced a big buyback, but where does money come from? Consider Global Markets still need to pay a lot of expensive external hired middle level managers just bullsht
Some positive news, for a change
Bank of America tops goal for veterans hiring Bank of America said it hired 2,600 military veterans this year on top of a five-year goal to add 10,000. The additions mean a 24 percent increase in representation of veterans at the bank, according... — read more
Collaboration in the office
Of course, collaboration is important, but I don't think that collaboration is much better when people are sitting tired and frustrated in the office. What is the collaboration like on your team when you are in the office? I don't notice any... — read more