Thread regarding Bank of New York Mellon Corp. layoffs

@1lir+1c2ComzV, one day you will be in their shoes and hopefully they will cut you before you fall asleep at your desk or one of those meetings. This way no one will have to carry your old a-s. LOL

@2uwl
Were you hire at BK the financial company or BK the burger jo--t?
https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/class-of-2021-starting-salaries-rebound.aspx

To all the middle managers who do virtually nothing…are you worried yet?

@1uyf+1c2ComzV….. I call bs. Hired at 32 19 years ago. Same position hired at 35 last year

Millennial here. New hires can’t speak in the phone, or make a comment in a meeting without words like “basically” and “literally”, and older employees don’t have the tech experience or interest.

@1lir. BS, there are just as many you young people who are clueless. Except they probably didn't bother showing up the day you wanted to train them.
@1fgn, well, starting salaries increase from 3% to 7% in a year. So new hire would be MORE expensive at BK.

I am not young, I am not old. But boy some older employees are just so slow. Had to often help some of those with the most basic of IT tasks.
I have also seen a lot of them also falling asleep at their desks and during large meetings…interestingly these people were all on high salaries and incredibly arrogant. Cut this fat.

Younger employees ARE cheaper. They don’t dump employees that have been with the bank because they aren’t as effective as young employees, they dump them because 20 years of 1.5% pay raises add up. Hire at 37k, and your older employee is at 50k.

For that millennial comment, I think the millennial most likely plays with something, and it's not his phone.

Where do you get that younger people are cheaper employees? In my experience you have to pay them handsomely just to show up and if you want any more out of them you have to pay even more.
And while BK pays better than banks, they don't pay nearly as well as other financial companies.

Yeah, no doubt the "clock watcher" comment was from a millennial who likely plays on his phone all day.

One day he might find someone to tolerate him enough to start a family with him. Perhaps at that time he will realize why older employees stick around at companies in less than desirable situations.

It’s not a “clock watcher” issue. The older you are the more responsibilities you have. A tenure at a company provides better $ and vacation that other companies may not match. Younger employees are cheap employees.

Well, the good ones will jump ship. The clock watchers will milk it as long as they can...