Every recognition email is 90% lndian. It's becoming cringe to even look at without thinking that this doesn't represent the community or customers we serve. When will we see true diversity and inclusion in those emails? All we see is the cost cuts... — read more
We wouldn't even feel it if half of the middle management was cut.
It's just my opinion. If someone thinks otherwise, I would like to hear the arguments.
Concord Office 2000 Clayton Rd
Rumors on the campus of that building closing, the cafe closed on Friday. Are those employees moving to another building? I know BoA took over another building that was Half Price Books for the branch, but not sure there would be room there. The... — read more
Reduant Number of Directors in Global Markets Need to Cut Cost
Cost-cutting will help Bank of America Global Markets improve operational efficiency To: Shareholders of Bank of America and Management of Bank of America Costs are increasing as revenues are being constrained. Reduced personnel costs are... — read more
Prepare for 2 More Years of Pain
https://www.msn.com/en-us/money/realestate/bank-of-america-ceo-issues-dire-warning-for-housing-market-prepare-for-2-more-years-of-pain/
After Reporting A Very Bad Bully
After being bullied for many months, the employee reported the harassment. The manager was not happy and started to send a few hundred emails to the employee with all kinds of tasks, requests and questions and accusations in around 3 months... — read more
Can't we just pretend we couldn't see it coming?
https://www.youtube.com/watch?v=ADh6QTp8798
No bonus December
Nothing again
HR said it today…
HR said on a leadership call today, “the bank won’t be offering emergency pay for COVID in 2023.. and we’re getting away from the COVID environment/approach all together…” When asked if they’re going to announce that… the answer was “nope”! Cowards... — read more
Making the remaining employees feel miserable
The best employees have already left. In my opinion, this is an irreparable loss of institutional knowledge. There are still many capable people left, however it seems to me that the managers here are doing everything they can to make their lives... — read more
BofA is making good employees leave
Some employees are denied opportunities for promotion, even when they have the skills required for higher-level positions. This happens because management's cronies are pushed forwards to take up those opportunities, even when they don't have the... — read more
EOY extra bonus / stock the past 4 years
The corporate tax rate is still at 21% which was dropped from 35% in 2018 and led to the bank providing the extra cash / stock bonus the past 4 years. Did this program stop?
Once you leave you'll question why you stayed so long
Leaving BofA brings instant relief. Does anyone miss anything here when they leave? Apart from some good colleagues, I don't think I will ever miss anything from here.
401K Benchmarking Exercise - Assistance Requested
I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more
Brian Moynihan added to short list to replace Yellen at Treasury
https://www.foxbusiness.com/politics/brian-moynihan-added-short-list-replace-yellen-treasury
Cough cough..
Anyone else have 2-3 folks in their vicinity at the office hacking their lungs out all day?! What happened to “if you’re sick stay home”?!? WTH!! I have a baby.. I’m terrified of RSV! Guessing people aren’t trusted to work from home all of a sudden... — read more
How about those survey results?
They must have been pretty bad considering they didn't go over them at all this year. Don't they usually show the results of each question? I guess the only way to send them a message is to not participate in the survey anymore since participation... — read more
That is how they do it
Some of my colleagues recently left because they could no longer cope with the stress. They didn't want to leave but BofA did everything to put pressure on them so they had to leave to save their health. This may not be called a layoff but it is a... — read more
Example of management
Thought I’d give an example to outsiders of how mixed up management and signals are here. Example: relocation of all employees in a building to be grouped by department, squeezing them in to one area when large areas of the building are left empty... — read more
Just because
You may see me in the office, does not mean you need to speak to me. I am not interested in small talk with y’all. If you really need to talk, schedule an appointment with me. Thanks.
Unlimited Time Off?
Do some leaders get unlimited time off? I know that I have been at the bank longer than a couple liters that I’m thinking of, but they seem to have unlimited vacation time… they also have unlimited dental appointments. It just doesn’t seem like they... — read more
Robberies, how about this?
https://www.centralbanking.com/central-banks/economics/data/7953886/bis-data-shows-surge-in-otc-derivatives-market-value
Robberies
Our market has been besieged by robberies over the past couple of months. Another one occurred this morning. Just about every FC in our market has been consistently understaffed for a very long time and these organized crime groups have clearly taken... — read more
Layoff contagion...
https://www.forbes.com/sites/jackkelly/2022/12/08/layoff-contagion-spreads-from-the-tech-sector-to-everywhere-else/?sh=52d77be72fe4
Lunch- Jacksonville
Jacksonville campus! Just a friendly reminder to bring your lunch. Co-worker spent $10.09 on an ice cold PB&J with hard bread and a canned bottle of water (disgusting.. and it’s Aquafina- ba-f!) The drink fridge is depleted and one doesn’t even work... — read more
Maternity leave
Currently on maternity leave, I got an offer for a job that starts a month after my return date. What is the bank policy about leaving after maternity? Will I need to pay back any of the pay? I’ve worked for the bank for 6years.
Intentional incompetence
The same week that my B3 told me not to expect a package because the new M.O. was to make life miserable enough for people to want to quit, our division held an event requiring everyone to drive to their office to attend "watch parties" to see a... — read more
Bank of America layoffs not in the cards for chief Brian Moynihan—he’ll let natural attrition balance the books
https://fortune.com/2022/12/07/bank-of-america-layoffs-brian-moynihan-natural-attrition/
"We're up to about 215,000 [employees]; we need to run that back down," BM said Tuesday.
'We don’t lay off people’: This is how Bank of America's CEO plans to reduce employee levels” https://www.cnbc.com/amp/2022/12/06/bank-of-america-ceo-brian-moynihan-on-how-he-plans-to-trim-its-workforce.html
My department starts wfh 1x per week this Fri.
Hey 1 out if 5 days at home. Ain't complaining. Maybe they r starting to listen
Medical accommodation
Anyone on one for general anxiety disorder? Was it tough to get approved?
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
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.
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
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
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
Bonus
If I decide to leave, what date do I need to stay until I keep my bonus?
Bank of America Layoffs 2023
Do you think there will be Bank of America layoffs? Any chatter, news or rumors?