Bank of America Layoffs

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Topics regarding layoffs at Bank of America

Need to remove more MDs in trading

Some MDs in Global Markets do not deserve their pay. Higher salary means more responsibility. Managing directors should be responsible for trading revenue down. Should rank MDs by revenue contribution and get rid of bottom ones.
by | Post ID:
365 views | 3 replies (last )

Cut! Cut! Cut!

I work in risk and I can tell you Global Markets hired too many people for amount of money they earned.
by | Post ID:
841 views | 6 replies (last )

If you work on the Mortgage Side, get ready to bail...

Nothing more to add, things will continue be just weird... The apps are dropping, the customer is nowhere to be found and the rates are going up... Have fun.... The MBA Mortgage Application Index fell 6.6% last week, following the prior week's 4.1%... read more
by | Post ID:
714 views | 2 replies (last )

Overstaffed front office

overstaffed front office is a real problem. there are too many people with “trader” title do not trade, with “salesperson” title but do not sell. then you have lots of MDs who do not generate revenue but claim themselves “important” for revenue... read more
by | Post ID:
580 views | 4 replies (last )

Salary and inflation

When inflation goes up your salary should follow. It is one of the effects of higher inflation. You should keep an eye on raises and make sure they keep up with inflation.
by | Post ID:
264 views | no replies

Is it time to fire your boss?

My manager encourages me to learn new things and apply the new knowledge I acquire to my work. Manager stated it doesn't matter what you do as long as you get the job done, don't break any rules and help us accomplish our future vision. I translated... read more
by | Post ID:
669 views | 4 replies (last )

VIP follows these posts

Nice to know people at such high levels follow these posts. Glad you enjoyed the live Space X launch. Will continue to posts. Maybe next time you can invite to the gathering. 😁
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248 views | no replies

New layoffs announced in GA

Kennesaw Estates unit, 162 people. . . Packages offered, late March / April timing for full exit.
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448 views | no replies

How to keep your job as middle management?

The answer is, grab as many headcounts as possible even though you don’t need that many. Your managers will on your back as they can’t cut your entire team if the team is big.
by | Post ID:
331 views | no replies

Something smells fishy

I have noticed this strange smell for a few weeks now but I can't really tell what it is. Could it be a mergquisition?
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1205 views | 10 replies (last )

Random Drug Testing

I get the feeling many associates would be dismissed/fired if they had a random drug testing policy at work.
by | Post ID:
548 views | 3 replies (last )

Any information on upcoming layoffs?

If anyone knows anything about layoffs coming in the first quarter of 2018 please reply. If you can provide dates, and site, and which groups, and any other information you may have would be appreciated.
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1627 views | 10 replies (last )

The Talk

Were not comp and bonus discussions supposed to be wrapped up by 1/31?
by | Post ID:
657 views | 3 replies (last )

Countering the Dream Team

A corporate America dream team - Amazon, Berkshire Hathaway and JPMorgan Chase & Co. - are combining efforts to improve health care for their US employees. / How about BAC... read more
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539 views | 5 replies (last )

Bad P&L?

If PnL is bad for everyone in team, will they replace director and MDs or let VPs be scapegoats?
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436 views | 3 replies (last )

Associate actions?

I’m feeling a big one coming. Why else are the managers all in secret meetings?
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882 views | 2 replies (last )

JPM investing in America

&JPM is investing twenty Billion dollars in the USA within the next 4-5 years. Opening many branches and hiring a lot of people. I may have to switch my account to &JPM.
by | Post ID:
452 views | 4 replies (last )

This board has turned into TMZ

There is so much being discussed on this board. Looked at other boards for financial companies and nothing compares. Why is that?
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480 views | 4 replies (last )

Higher Bonus No Raise

What can one infer if your bonus was higher then last year but you did not receive an increase in your salary?
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1136 views | 7 replies (last )

S-xist Place to Work

Very s-xist place to work. Complaints are quieted or people get a slight 'coaching' if they report. Then the victim is picked at by the horde of people who support this vile culture. Worst perpetrators of this culture are other women.....they dress... read more
by | Post ID:
903 views | 5 replies (last )

Traders are overpaid?

Equities Trading first year VP get paid more than 200k base? That’s too much...
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766 views | 6 replies (last )

Operational Excellence Path to Layoffs?

The latest is that all the areas are completing an "Operational Excellence" exercise, documenting functions across their customer facing, business operations and support areas. The project is supposed to last 3+ years. The communicated goal is to... read more
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1422 views | 8 replies (last )

Bonuses cancelled??

Anyone hear that the 1k bonus was the only one coming? I heard they’re doing away with bonuses this year. Really hoping that’s not the case; a lot of people depend on those!
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1933 views | 7 replies (last )

Something significant brewing?

In my GT&O organization (heavy back office ops LOB) we have seen a new level of executive disregard for forecasted volume, being severely understaffed, and micromanaging productivity 5 levels down. Many many signs point to a line of business sell off... read more
by | Post ID:
2366 views | 16 replies (last )

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