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Bank of America U.S. staff complaining about return to office

Bank of America U.S. staff who've enjoyed working from home have received some bad news: they're wanted back in the office imminently.

In a memo sent on October 21st, BofA staff were asked to make their vaccination status mandatory by November 1st. They were also asked to return to BofA offices.

"Today, nearly 10,000 U.S. employees have already with more in the process of returning every week to work environments appropriately tailored for those who are fully vaccinated and those are not," said BofA. "This progress is directly contributing to our terrific financial results. Returns must begin on each employee's designated return date with a shift into your established in office schedule as soon as possible."

Bank of America declined to comment on the memo, which went only to U.S. staff.

BofA insiders said it's been suggested that bank will operate different office areas for vaccinated and unvaccinated employees. This isn't the issue though - some people simply don't want to go back.  "We're getting one week's notice that we need to return," says one BofA director in New York City. "Employees want to work remotely, but we're being asked to go back to the office without a hybrid option currently on offer.

"For many people, this means a long commute and the risk of contracting the virus on public transport," he added. "People who are going into the office now are stuck on empty floors with 5% capacity."

This latter problem might solved by a mandatory end to working from home, but full offices are unlikely to compensate for the end of flexible working. BofA isn't the first bank to ask people back to the office. Goldman Sachs and JPMorgan asked employees to return a few days a week several months ago.

Some BofA insiders said the complaints are exaggerated, however. One New York trader said they have the freedom to work from home on Mondays and Fridays, which is preferable to other banks that require staff to travel to the office every day.

Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

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Photo by Andrew Stapleton on Unsplash

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AUTHORSarah Butcher Global Editor
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  • Sc
    Screen Cast
    30 October 2021

    This is a bad move by BofA. With wages not keeping up with tech and many competitive companies providing this flexibility, they stand to lose a lot of good talent. It's a Bank and it's expected they will only realize the competition has smoked them on that talent turf when the damage is already done. 2022 will be a bloodbath year for banks who go all in on the office life. Covid has changed the environment forever and it's adapt or be left behind. Classic example of short sighted leadership.

  • pb
    pbug56
    30 October 2021

    This fits everything I've heard about working for BOA. Bosses don't trust their staff - and vice versa, management overall is particularly nasty and could care less what harm they do to their drones - excuse me, employees. I could understand a hybrid plan - a day or two a week in the office to see people in person, but most good employees with competent managers can get a lot more done WFH while eliminating the stress, time and expense of the commute. I'm guessing that the bosses at BOA don't need the transit system to get to work - private cars with free parking, or high end car services if you are high enough, plus private offices. The worker bees get the subway and commuter trains.

  • Co
    Concerned
    29 October 2021

    I work for BofA. I can do all my work from home. This allows me to take care of my disabled husband and avoid paying for in home care. I think we should be offered a choice to stay home if we have family medical situations.

  • Ge
    Gerry G
    29 October 2021

    My BOA has been closed for months. But i can use a atm machine then find out later that I have been charged a fee . Open the bank or I will find a new one that has customer service. For being the # 2 bank in the country, you come in last in Plaistow N.H.

  • Ca
    Carline
    29 October 2021

    I worked in the financial center during the pandemic. It was awful. Clients were awful. We were understaffed and overworked. *Many* financial center associates were *high risk* and got to work from home. Oh what a luxury. I've since quit, I work for myself, work about 15 hours a week and make twice as much than at bofa. Go back to work and suffer like your associates did.

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