Bank of America Layoffs

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Topics regarding layoffs at Bank of America

November 15, 2017

Bank of America just laid off people today, right before the holidays!
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2405 views | 18 replies (last )

Layoff Decision Process

I got laid off in 6/2017 and I would like to know what the process is on how selection is made for choosing staff to get laid off within the department. Looking for answers from persons who may know about the process directly. Is it the direct... read more
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1833 views | 9 replies (last )

BofA Paid me twice....

I just got Laid off from Bank of America (9/2017, after 25 years). I received my severance as stated, but now they say that due to "Late submission/Processing of Separation Information", they duplicated a paycheck, basically a double pay for unused... read more
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1273 views | 5 replies (last )

Layoffs 11/3

Layoffs in janitorial staffing. 300 to be let go in UK.
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1001 views | 5 replies (last )

Severance

Beware that your payroll is all In order . I got my severance signed the agreement to not sue thn got a year audit on my payroll . Day laid off I get a bill for over $6k saying ooops we audited you just now and you owe due to payroll mistakes since... read more
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1479 views | 5 replies (last )

Ezlink phone

An distant relative works for the bank in a different department than I do. We are both in the mywork program. She has something called an Ezlink phone. I have no idea what this is. However, she told me they just refreshed her equipment, she got a... read more
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1349 views | 5 replies (last )

Describe your job

If you had to pick a movie to describe your job, which movie would it be?
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1229 views | 20 replies (last )

Technology Analyst(Software Engineers) layoffs

Does the Bank layoff software engineers or just other IT people? I mean the software engineers automate tasks which lead to other layoffs so... How can the bank hire and layoff people in the same time span?
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1978 views | 24 replies (last )

Year-end bonus and voluntarily resigning

I am considering leaving the bank voluntarily and expect to receive a job offer from another company within the next few months. What is the cutoff for receiving the year-end bonus and 2% annual company contribution if I resign? Do I have to be an... read more
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1804 views | 13 replies (last )

401K Loan, Layoff and Distrobution

Question to all, I got laid off in 6/2017, I know about penalty on loans that existing, however, can I make an early distrobution from my 401K in calendar year 2018? I know about the penalties and tax implications, however, is there anything that... read more
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1300 views | 10 replies (last )

Sandcastle

Today my colleague and I decided to build sandcastles. In order to meet my colleague, I flew my Gulfstream G650 all the way to the beach where my colleague and his roommates rent a small apartment. Since I have many resources I paid top dollars to... read more
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1053 views | 3 replies (last )

Blue Cross or Aetna is better?

Now when the insurance enrollment had started I have to pick an insurance company again to fit me and my kids and husband's needs.I've always had Aetna PPO.I know its more than BCBS,but I think its because its better.Can anyone advise if its worth... read more
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1352 views | 9 replies (last )

Charlotte Commute From Hell

Who else has a Charlotte commute from hell? 70 minutes to go 18 miles this morning. Wake up bank execs - your employees are miserable! Maybe that's how you want it to be!
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1548 views | 9 replies (last )

Free donuts Friday

It would be a very good idea for management to buy donuts this Friday.
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819 views | 3 replies (last )

Good bank!

As an Bank of America employee I can see that this bank has good working environment for all - employees and clients too. Thanks him for that! (/
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1046 views | 5 replies (last )

18 months severance???

I was told that the associates laid off yesterday were given 18 months severance, no matter how long their tenure. Could they be pulling my leg?
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2066 views | 10 replies (last )

Drunk & Feeling creative

My goal for the night was to get drunk and troll this site all night but half way through my bottle of alcohol I stopped and thought why not do something more productive with my time and start something I enjoy? I know I like to learn new things... read more
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1825 views | 11 replies (last )

This is a very sad moment folks

After many years working in IT I was let go recently. First time being let go during my career and having always been dedicated to my job, always wearing the company shirt. This is a very sad moment folks. Hope you don't go through this. It is hard... read more
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1520 views | 3 replies (last )

Why stay?

I wonder why people stay in this company when there is a constant threat of layoffs.
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1546 views | 8 replies (last )

New hires impacted by this?

Were any new FTE's (straight out of college hires) impacted by this? Any H1B's impacted as well (full time employees) not contractors?
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1178 views | 5 replies (last )

What are the Hubs now?

With all fiolettsk.rus and "hub consolidations" what are the cities that host hub sites now? What if you work in a state with a Hub site but are miles away (50) and currently my work? There is nobody else on my team or in my role at this Hub location... read more
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1084 views | 3 replies (last )

Possible Thursday (9/28) layoffs at AT&T

I was warned that something big was happening on Thursday but I was not impacted. I will not feel secure until 1pm tomorrow (there are always surprises). However from what I can tell this is a continuation of hub consolidation. If you are a mywork... read more
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1107 views | 4 replies (last )

Latest Bank of America layoffs

Do we know who was affected by this weeks layoffs? Which locations, which departments? I see people mentioning large groups of people that were let go, but very few details are given. My wife works in IT, so I'd like to know if we should be stressing... read more
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2774 views | 9 replies (last )

Another sad day at BAC

Another day where we will only find out what happened to our friends and coworkers as their email comes back unread or undeliverable. Thoughts and prayers to those families affected by today's layoffs
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1156 views | 1 reply ()

Unfamiliar faces

Do you notice how some managers from out of town only show up during layoffs?
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903 views | 2 replies (last )

Important info for those who were laid off

FYI - when you are "released" from the bank you will receive a package that provides an estimation of severance along with legal documents, If your line of business has decided to pay you for 2 weeks of pay that will be denoted within the high level... read more
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1723 views | 6 replies (last )

And so it continues (Sept 2017 Cuts)

More cuts in Cathy’s group – we’ll see how things pan out on the tech side and what groups will be affected the most– they (Cathy & Co.) are playing it down but this one will likely be a fairly big one. Anyhow, hey are hitting the mortgage side again... read more
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1435 views | 2 replies (last )

Just when I was about to quit...

The vast majority of the time layoffs are unwelcome news for all involved; from the employees and managers to hr personnel. But I'm sure there was that one time when you were about to resign and news broke that you were laid off. Has it happened... read more
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1461 views | 3 replies (last )

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