BofA layoffs

Everyone gets ranked from best to worst, and then are segmented into tiers. First is EE (exceeds, exceeds) > Top Bucket A, the top 5-10% of group (maybe one person depending on size). I've heard of rare cases where no one gets EE. Next is EM (exceeds, meets), top bucket B, top 15-20% of group (so another 10% of the group); I would emphasize that either ranking is a solid ranking and would be considered top bucket. At the analyst level, bonuses are likely only a $1k difference from EE to EM. Between EE+EM, this is about 20% of the group. Next comes ME (meets, exceeds) and is probably 60% of the group (within your level, ie: 1st year analyst, 2nd year associate, etc). This is the middle bucket. Within this bucket, at least for analyst pay, you can probably find a $15k spread. The very top of ME, called ME+, probably makes ~$5-7.5k less than EM. ME- might make $10-15k less than ME+. Last comes MM (meets, meets). This is a self selecting bucket. These are for the people who either didn't work hard during the year or simply can't keep up with the job and really lagged behind. The pay here is kind of arbitrary and not on a scale like the other buckets - maybe a $15k bonus for example. This bucket doesn't have to exist - if every single person is stellar, than it very well could just be ME to EE, but in an organization as big as BofA, bad people will always slip through the cracks.