Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

3/11 RTO

I received a 3/11 return to office email. It says I will return with many others. Doesn't sound like it is an option or that it is voluntary. Anyone else get this email yesterday?

by
| 2280 views | | 8 replies (last February 14, 2022)
Post ID: @OP+1fejKeJr

I should have gone to a smaller bank a long time ago

What a relief! At first I was quite hesitant, it didn't seem like a good idea to go to a bank that doesn't have such a strong physical presence after spending a long time here. It turned out to be a great idea. Not only am I paid more (!), but the... — read more 

by
| 1500 views | | 4 replies (last February 10, 2022)
Post ID: @OP+1fdeJ9gO

2/15 RTO

My manager told me the Feb 15th return date is not voluntary. Anyone heard anything different?

Global Markets is Toxic For Women

There are way too many managers than necessary in global markets. These managers don’t bring productivity. They are just good at speaking nonsense and politics. They prefer to give more opportunities to male instead of female. If you are a man, you... — read more 

by
| 1360 views | | 5 replies (last February 13, 2022)
Post ID: @OP+1fdAsYXx

I can't do the bare minimum

I wish I could, but I always think about the future and how what I'm doing right now will reflect on it. I don't see how doing a bare minimum can be positive for me in any way, other than to create a possibility for somebody to hold it against me in... — read more 

by
| 1080 views | | 2 replies (last February 11, 2022)
Post ID: @OP+1fdn9BMH

Compensation question

At what level do you get shares of BAC stock as part of your yearly compensation? Vice President? Director? Managing Director? Or just a Manager? I'm at AVP and just want to know if I'm one step below getting shares of stock or many levels below.

by
| 1870 views | | 8 replies (last February 10, 2022)
Post ID: @OP+1fcAqIdA

Bonus payout

Does anyone know approximately when on Friday will we see the bonus in bank account? Trying to figure out when I can give my 2 wk notice or wait until next Monday?

by
| 1820 views | | 9 replies (last February 11, 2022)
Post ID: @OP+1fczdumT

Too Many Managers

I work in Global Markets. I can say one of biggest problems we have is too many managers. A lot of managers here have five or less reports. These managers don’t do much. They are hurting instead of improving productivity. They created tons of long... — read more 

by
| 1240 views | | 5 replies (last February 11, 2022)
Post ID: @OP+1fcOHEov

More raises for CEO means more laid off/quit

Don’t you believe or not? while Our CEO got his 32 millions bonus, there are more than 3,200 associates has been laid off, retired, and quit the company during the year of 2021.

by
| 895 views | | no replies yet
Post ID: @OP+1fcoK5O0

I'm sorry things are still bad at BofA

I left in 2018 and to this day I'm happy I made that decision. My new company is far from perfect but I'm in so much better position than when I worked at BofA. I recently stumbled on this site and decided to check how things are these days and... — read more 

by
| 1300 views | | 6 replies (last February 9, 2022)
Post ID: @OP+1fcvn1Li

More Merrill muckups

1099s issued with old addresses on them or somebody else's addresses. Merrill sends list to FAs of their 1099r clients but wait, the list FA B received belongs to FA C...privacy issue? Merrill mailed out checks with dupe check numbers. Offices get... — read more 

by
| 1300 views | | 7 replies (last February 9, 2022)
Post ID: @OP+1fbR4x0z

Don't get roped into doing more work for free

I see it happening all the time. New employees (and not just them) who are eager to please decide to go the extra mile to get noticed and end up doing a bunch of extra work that with time becomes expected of them to do. When they realize they've... — read more 

by
| 1520 views | | 8 replies (last February 9, 2022)
Post ID: @OP+1fbWvoZi

CEO get 31% raise or 32 million...this so so wrong

This is so messed up! While most of us took massive pay cuts he took 7.5% last year. Some folks took as much as 60% bonus pay cuts. This year it wasn't a windfall for 95% of the company and barely makes the difference in last year's loss. What a sc-m... — read more 

by
| 1920 views | | 7 replies (last February 10, 2022)
Post ID: @OP+1f9rCjxf

Hot debate on my team about the RSU award

I have a few people on my team that have been at the Bank for a long time. Three people are over 20 years and two are around 18 years. Im only at 7 years. Anyway, they are arguing that the RSU award should have been based on tenure and not... — read more 

Wanting to quit after maternity leave

Hi everyone, I was wondering if anyone knows the deal with not returning at end of maternity leave. I plan to give notice etc just didn't want any surprises. I didn't find anything specifically in bank of america policy about having to repay wages or... — read more 

by
| 2040 views | | 8 replies (last February 6, 2022)
Post ID: @OP+1f8hV7z5

People who resigned because they didn’t want RTO

I respect everyone's choice. I wouldn't want to discuss whether their decision is good or bad, I am just interested in where are they now? This is of particular interest to me, as now most employers want people back in the offices. I was surprised... — read more 

by
| 1440 views | | 3 replies (last February 5, 2022)
Post ID: @OP+1f81K9wr

Restricted Stock Units (RSU)

BofA was very quick to advertise that they gave RSU's to people making less money: Making up to $50,000: 2021: $750 2022 : 65 units Making over $50,000 up to $100,000 2021: $750 2022: 80 Units What they obviously are not mentioning is that people... — read more 

These will be "the good old days"

It is becoming more and more obvious that in a few years, the current situation in this company will be seen as the "good old days". Unfortunately. Are there any optimists who don't think so?

by
| 1010 views | | 3 replies (last February 4, 2022)
Post ID: @OP+1f7yCyww

There is life outside of Bank of America

There's a really good life outside of this place that comes with better pay, better raises, better bonuses, and better company culture. Only to get it, you have to be brave enough to go out and look for it. I'm not one of those who are desperate to... — read more 

by
| 1350 views | | 4 replies (last February 4, 2022)
Post ID: @OP+1f7yvEo7

CSR raises?

Any CSR's get raises? If so how much? Where are you located. Thanks.

by
| 1220 views | | 3 replies (last February 8, 2022)
Post ID: @OP+1f7UXTo3

Sponsor?

First, please do not hate on or judge me. This is an honest question from someone who’s been with the bank almost 10 years. What is a Sponsor, and the benefit to having one. How do you get one? And lastly does it make a difference? Sorry, I heard... — read more 

by
| 1380 views | | 7 replies (last February 4, 2022)
Post ID: @OP+1f6pqXd9

Employee relations

I was wondering if anyone here has had luck dealing with employee relations? The few times I've reached out they just refer me to my manager which doesn't make sense because I always try to deal with my direct manager before reaching ER. It doesn't... — read more 

by
| 1430 views | | 8 replies (last February 4, 2022)
Post ID: @OP+1f6yCFzf

WFH

I heard Brea is closing down the office and all people in the building are WFH permanently. Any truth to this? If they offer it in one location it should be offered anywhere that can.

by
| 1830 views | | 7 replies (last February 6, 2022)
Post ID: @OP+1f5fxWZX

Let's Pretend We Didn't See It Coming

Is this another case of "let's pretend we didn't see it coming"? I took a look at the graphs and it certainly looks like we are headed into dangerous territory--along with reduced resources and climate chaos. But it's hard figuring out how to time... — read more 

by
| 1310 views | | 3 replies (last February 3, 2022)
Post ID: @OP+1f5ud7KN

No bank provided cost-of-living raises

I don't like this bank or its leadership any more than anybody else here, but this is not just our issue. I looked through pages for other banks on this forum and I couldn't find one that gave its employees cost-of-living raises. Raises average 2-3%... — read more 

by
| 1440 views | | 9 replies (last February 9, 2022)
Post ID: @OP+1f5Wg2Gy

Only come here if this is your last option

This is definitely not the worst company I ever worked for. And I have to say that the bank used to actually be a good place to work. It isn't any more. The company has gotten progressivily worse since 2008. I used to tell folks that the bank was a... — read more 

by
| 1220 views | | 2 replies (last February 1, 2022)
Post ID: @OP+1f4RgWC1

Bad news scripts

Anyone else find it disturbing that if you got bad news last week it was deliveed by a speech about you are a valued person on the team blah blah blah? A former associate who was a manager told me they are given that to stay on message. How can they... — read more 

by
| 1610 views | | 1 reply (January 31, 2022)
Post ID: @OP+1f4pJ3Fd

Emergency HR Pay for COVID?

Anyone aware of what the deal is with use "Emergency HR Pay" while out with COVID? I came down with it and have had a pretty tough time getting back to normal. When I first tested positive I called to report my case to SOACC, who assigned me a... — read more 

by
| 1940 views | | 6 replies (last February 1, 2022)
Post ID: @OP+1f3Tdz4h

Lower the bar

Considering how bad BofA has been about raises and bonuses, the only way not to feel disappointed is to expect to get nothing. No raise, no bonus. Then when you get the borderline insulting 1 % or 2%, you might not be overjoyed but at least you won't... — read more 

by
| 1620 views | | 6 replies (last January 31, 2022)
Post ID: @OP+1f3hZv1b

Start a new thread - post a news comment, question or message:

: