Got an offer at Bank of America and I am thinking about cons vs pros… salary is lower than my current salary, and I have a good WLB now, but the opportunities to grow are less were I am… any thoughts? Tips? It is a manager I, hybrid position.
I am worried about layoffs, I read a lot online about layoffs at Bank of America

likeuplifting
Posting as :
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Bank of America has a process to eliminate future conflictsby means of layoff. The company continues to handle their employees today like they did when I first worked for them. With that dark of a reputation, most employees value the positions as temporary, On every level, there are no promotions, they simply fill void with the next in line.B of A continues to be in the top 10 companies for abusing employees.

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Well said... I'll cheer for that!

I would not work for BoA for ethical reasons.

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Thank BoA employee for liking this made my day haha

Hold off, until you can do the same thing and improve your salary. No need to take a step back financially if you don't have to, unless there is some other reason. Keep searching and find something that will increase your opportunity and your salary at the same time.

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This ^

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Banks are known for layoffs as of late especially big banks. So if you think your company is stable I'd hold off for now

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It's good to be cautious about layoffs, but really, in today's world nobody is safe at any company. If an analyst on Wall Street decides the company will look better on paper at earnings time if it cuts costs, people will be tossed out the door, that's just the reality of it. So if you think the growth opportunities will work out for you, that might make it the right decision.

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Negotiate

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Negotiate for sure and find out what the benefits cost will be. Depending on the salary the costs step up in cost to the employee. I would not worry about the layoffs they come in waves and seem like targeted to non compliance team members on RTO policy. Hybrid 3 days in office is good, also they updated certain days in office and still able to work around the days to make schedules work. The offsite work may be good too if you’re traveling. Vacation is awesome IMO if you can take the time off and even buy an extra week. I have a great manager, and I’ve had bad ones. I wish you luck pm me your details and we can connect.

likehelpful

I worked at B Of A from 2008 to 2017. Our saying was “it’s not if your number comes up for a RIF, it’s when…” be careful

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I was at BAML from 2009 to 2018, with 9 awards and recognitions for my contribution to my department in improving and minimizing Sev 1 to near zero! But yet, I got laid off in 2018, so WTF about that?

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