Topics regarding layoffs at Bank of America

Topics regarding layoffs at Bank of America

B4 Director Salaries

What is the typical b4 director salary in NY and London in Risk and in Tech? Asking for a friend. I am not sure what was offered to him.

Uncompetitive pay

I did a little research on compensation strategy in competing organizations and now I feel more underpaid than ever. I think uncompetitive pay is the top reason why employees leave here. Isn't it too much of a risk to choose compensation strategy... — read more 

Is the hot job market just an illusion?

While everyone is saying that the job market is hot in the industry, when I look at the facts, they seem to tell the opposite story. Almost all of the big banks have performed massive rounds of layoffs in the last couple of months. These cuts go as... — read more 

Tired doesn't even begin to cover it

I've been here for close to a year and it feels like all I do is work. I have no personal life, everything revolves around this place. If I try to slow down and reduce my hours, my boss threatens my job. If I could quit I would have done it already... — read more 

Is this the new norm?

Since when is it okay to put people on ignore after several rounds of interviews? I can understand not getting a reply to an application, but after both of us took time out on several days for interviews, isn't it just common courtesy to let me know... — read more 

Performance Evaluation System at Bank of America

Hello all – disclaimer: I work for a large bank who is a competitor. We have a fairly bad performance evaluation system where we do stack ranking of employees (from needs-improvement to average to exceptional/exemplary). This system leads to toxic... — read more 

The moment you all have been waiting for

Soon, starting in July https://www.cnbc.com/amp/2022/06/27/wall-street-layoffs-are-coming-as-deals-bo-m-turns-to-bust-insiders-say.html and for those who refuse to RTO: "Banks have been very clear about trying to get people back to work,... If you... — read more 

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| 2980 views | | 12 replies (last July 9, 2022)
Post ID: @OP+1hs7KMSW

Are there layoffs right now?

I haven’t heard of any but I come on here occasionally and I see that there are mentions of it. What LOBs are being laid off?

Asking for a Package

Co-worker asked our manager for a severance package. Manager said they would "look into it". I am sure this will not end well for my friend. Thoughts?

June Increase

I got the email stating everyone under $100k will be getting an increase starting in June. I’m well under and I’ve been hearing from a lot of people they already got their 7%. Is anyone still waiting? We’re almost in July, how long do we have to... — read more 

Work from Mexico

Is anyone working from Mexico? I just want to know it is allowed for home office employees.

I recently learned I'm being underpaid

I'm a good employee and I know I'd be missed if I left, but if I approach my boss for a raise I know the answer will be no. I made the mistake of correcting him soon after I joined (I was right, by the way) which apparently put me on his sh-----t... — read more 

Too much responsibility

I don’t know how I got caught in that trap in the first place but now I can't figure out how to get out of it. All the time I feel like everything depends on me because my manager acts like I’m responsible for things that shouldn’t be part of my... — read more 

Do you still have a vaccination requirement?

I was laid off from a competitor bank in March. I am getting read to apply for a position at BOA but I am not sure about your vaxx policy. Is it still required to be vaccinated for new hire? TIA

Absolutely insane

So our site is having a site wide recognition celebration today. It was suppose to be outside but since it’s raining they just ask EVERYONE come to the cafeteria instead and hoot and holler and eat around each other. The absolute stupidity is mind... — read more 

A two-year study of more than 800,000 employees at Fortune 500 companies found most people reported stable or even increased productivity levels

https://www.greatplacetowork.com/resources/blog/remote-work-productivity-study-finds-surprising-reality-2-year-study/amp A two-year study of more than 800,000 employees at Fortune 500 companies found most people reported stable or even increased... — read more 

Why do bosses fall for this?

I get more exhausted from unhealthy collegial relationships than from doing my actual job. It will never be clear to me how a brown-noser manages to take credit for someone else's work and get acknowledgment from manager. Are the managers here just... — read more 

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| 960 views | | no replies yet
Post ID: @OP+1hmwZbHE

Everyone is is unhappy and miserable

work has been confusing due to MRA and other leadership adhoc requests work is incredibly boring without any material funding to do exciting work (non reg or audit related) nothing is getting done and it's all red tape and bad processes tech... — read more 

Finance Technology

So very sick of the daily fire drills and people who can’t do their tasks. Time for a change….yes I should probably leave, but this org needs to be called out for losing so many people. Moods are very negative, not a fun place to work

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| 824 views | | no replies yet
Post ID: @OP+1hm1PRSz

Reviews - what a waste of time!

I’m so over these mid-year reviews. Don’t have 2 min to p-e, much less write some stupid review. I just go home and stress about not getting it done.. again. Sorry to vent- just wondered if others struggle with this? This comes around twice a year... — read more 

Empty suit mofos run this company.

I have been here a while and this company is run by empty suit mofos. These people have no credibility or competence. They are all talk but no action. They have no real plan on the RTO agenda. They are no real leaders here. We are still having high... — read more 

Deleting my bookmark

I was laid off 1+ year ago and have checked this site almost daily in the time since. It took me until today to realize that I’m finally ready to let go of the anger (and pain) that resulted from the event. To all of my fellow FORMER colleagues... — read more 

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| 1490 views | | 4 replies (last June 23, 2022)
Post ID: @OP+1hm4oFf0

401k Comparison Report

I had the pleasure of looking at my dismal 401k this morning and noticed it was down -$41k or -19.2%, how is your doing this year? I’ve reduced my % from 14% to now 5% seeing that it’s just burning money into the red, moved that extra cash flow into... — read more 

How is Risk at BofA?

I am interviewing and just wanted to see if I can get some info off this board. Tried reddit too but nobody is responding.

Pay Increases

When asked by a 20 year tenured associate on a all hands call, what the plan was to increase experienced associates pay compared to entry level pay. The response was basically, we need to attract new people, we pay you what we pay you, and if you... — read more 

Salary Negotiation - BAC

Has anyone ultimately been turned down for a new role following salary negotiations where you asked for “too much”? Worst case is you accept less than you hoped for, right or wrong? Or did it backfire?

Given up trying to get promoted

I intend to quit a job because no matter how hard I tried I was always denied a promotion. How many of you have given up trying to get promoted?

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