If you work for GT&O - MyWork does not exist. You know, we cannot collaborate unless we are sitting in the office with each other, except of course, for the 50,000 off-shore employees. Somehow, we can collaborate just fine with them over the... — read more
Is all of BAC going to be affected by layoffs
I do not work for the bank, my wife does. She's on the mortgage side and she thinks she may be affected. I see a lot of people visit here and there is a lot of people who are not happy. Are the layoffs affecting only the mortgage side or is this... — read more
2016 looks like it is shaping up to be a banner year, let's call it Year of the Idiot
The powers that be have run out of ideas to actually make money so they've turned their lack of management skills into ridiculous metrics like band counters, as if bands ever meant anything before now, into trying to craft an organizational structure... — read more
Bank of America Branch Closures 2016 List
Do you have a list of branches that will BAC close in 2016? Is there such a list?
Good Luck to everyone this Tuesday 3/8!
I hope those that want to be laid off are on the list for severance and those that want to stick it out keep them. While this Termination Tuesday will be bad, rumors are June will be much worse...some areas will be cutting 100+ positions per BM's... — read more
Bank of America headcount
Reductions continue: http://www.wbtv.com/story/31400008/bank-of-america-headcount-almost-down-to-07-levels
Wish Business Insider, or another, would cover/publish what is going on.
I know MyWork was a "benefit" given to us, but back around 2008 it was touted and encouraged to go on MyWork both for work/life balance and a money-saving move for BoA. Employees made adjustments and have been using it ever since. Now, they want it... — read more
Working from Home Office
There are many managers who work from a "home office" and live in another city far away from Charlotte. If you look these people up on Flagscape it shows them being in Charlotte. If BAC is doing away with My Work and is requiring folks to come into... — read more
Band 4 and 5
They don't want any 4s reporting to 4s? Anything regarding 5s? What will they do if a 4 only has 1 or 2 directs?
Need an employment law attorney? Rich can help you: @GfweOns
Need an employment lawyer? Rich can help you: @GfweOns
Whatever happened to management leading by example?
This makes me so friggin sick to hear and see people being given an ultimatum to work in a F@#%ing office who live more than an hour away to either select between a office that is located in a damn enitrely different state other than where they... — read more
My work? Discharged due to distance from a core location? Lawyer up!
Most likely your offer letter did not put limits on how far you can live from a core location. Why should your boss tell you where to live when you are willing to commute to work?
Firings/hirings
BoA upping car loans. Here's your chance to change depts : http://www.cnbc.com/2016/03/03/bank-of-america-revs-up-auto-loans-business-despite-warning-signs.html
severance negotiable?
To all the HR folks...is money paid in BOA Severance package negotiable?
Contact an attorney to discuss any specific employment issues...Title VII, ADEA
Disparate Treatment? Disparate Impact? Over 40? Better Call Saul!
Cuts ahead (Investment Banking)
This is from the Business Insider: Bank of America is preparing for significant job cuts across its global banking and markets business, according to people with knowledge of the matter. Senior executives in the division were tasked with identifying... — read more
March 8
Will be a cut day
Back to Office mandate
I'm hearing GTO will soon require all remaining MyWork employees to start working from an IT office as a condition of employment. Anyone else hearing anything?
HR meeting for ALL employees Wed March 2nd - layoffs?
Big HR (GL) meeting for employees across departments. What are u hearing? layoffs? Employees told to reschedule all meetings and attend must meeting on Wed. Any insight would be great for all. Thanks!
More power to Trump, the unprotected, and the bottom 99%
More power to Trump, the unprotected, and the bottom 99% Trump and the Rise of the Unprotected Why political professionals are struggling to make sense of the world they created. What is happening in American politics will happen across America in... — read more
March 15th Layoff - Now March 8th
Tuesday, March 8 is the next round of large layoffs, affecting GT&O. This will most likely replace the one on the 15th, but as of yet unconfirmed. Addison and Plano will be hit hard.
BAC Corporate Office Layoffs
‘small number’ of jobs in Charlotte affected - http://www.bizjournals.com/charlotte/blog/bank_notes/2016/02/more-layoffs-at-bank-of-america-small-number-of.html
Draconian cuts
Seems a stretch to associate leadership's 'hack associates with gusto campaign' to any economic or market forces. These draconian cuts aren't aligned to any other force except the senior leadership team's desire to cut as as large headcount as they... — read more
Disgusted with the Cheapskates who Run our Bank
Well, now we know how the Bank is going to pay for Moynihan's 23% pay raise, right? I guess the famous "headwinds" that executives like to tell us about so we don't expect any pay raises don't apply to those same execs. Laughter and toasts all around... — read more
The morale is horrible right now
Layoffs in marketing today across the board/ geography. At least five let go at Beach St including a Band 5 manager in presale foreclosure. The morale at Beach St is terrible...no one interested in giving 100% anymore. If the bank wants to pay me to... — read more
BofA March 15 2016 Layoff
I have been hearing that a big hit will happen on 3/15/2016 – at least on the mortgage side. They plan (still a rumor) to keep laying people off through the end of 2016, it’ll be a monthly process, planned and managed, with cuts happening every last... — read more
Layoffs
Has anyone heard of any layoffs in Boston? I cant believe we havent been hit, but so far...no word.
New Opportunities
We want to take this opportunity to thank those teammates who are moving on to new opportunities for the work they have done for Servicing Operations. We with them the best of luck in their future endeavors. F you, Berens -- Hope you an Meola choke... — read more
Large Layoff - Bank of Anerica - GT&O - Addison and others
Date confirmed for relatively large layoff in Addison and others in GT&O on Tuesday, Feb. 23. Another to follow in March. Leaders were asked for employee lists two weeks ago, lists were finalized last week.
Brian Moynihan, CEO of BoA (and chairman of the board), has a 23% raise.
Brian Moynihan, CEO of BoA (and chairman of the board), has a 23% raise.
If you’ve made them cry, you’ve succeeded in getting your point across
Success or Crazy people who should not be in leadership roles child abuse? If you’ve made them cry, you’ve succeeded in getting your point across. whether I can ever be safe making mistakes. Good classrooms (and schools) are places where error is... — read more
One of America's oldest stock exchanges has just been sold to China.
The 134-year-old Chicago Stock Exchange reached a deal on Friday to be acquired by a Chinese-led group of investors. Terms of the Chicago acquisition were not released. Privately-held Casin Group was founded in 1997 and has investments in real... — read more
Bank of America CEO Brian Moynihan got a 23% raise. Bank of America's share price dropped nearly 6% over the course of 2015. The S&P 500, by com
Bank of America CEO Brian Moynihan got a 23% raise. Bank of America's share price dropped nearly 6% over the course of 2015. The S&P 500, by comparison, dropped 3.5%. The lower the stock goes, the higher his compensation raise.