Thread regarding Bank of New York Mellon Corp. layoffs

Morale is severely lacking

The staff has been cut too many times in the past 12 months and morale is severely lacking. We are always waiting to hear if we will get laid off next. If we only had a long-term plan that showed us the bank was committed to us, things would change. The mood would lift and we could start executing properly. I don't expect to see that happen, though.

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Post ID: @OP+1mM1EIy9

58 replies (most recent on top)

Once again, @3kpi is accusing me of being a racist because I state facts.

We’re not becoming the “Bank of Chennai”. We’re becoming the Custodian of the world and what you’re failing to understand is that our customers are of all races, cultures and religions and we support and service them in their locales, in their time zones and in their cultures.

I truly hope that you can overcome your racism and prejudice. It’s tearing you apart and destroying your ability to assess reality correctly. Just reread your screed below.

@2bet, that's BS. Explain to me how thousands of employees were just fine for decades It's obvious that management's plan is to get rid of our US employees and become the bank of chennai.

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Post ID: @4ssy+1mM1EIy9

Once again, @3kpi is accusing me of being a racist because I state facts.

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Post ID: @3mbl+1mM1EIy9

@3pmq

Talking to your imaginary friend?

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Post ID: @3jpi+1mM1EIy9

@2fvf

Bank of Chennai LOL. Our resident team of racists never fails.

We’re well into our 24th year of a highly successful H-1B program coupled with permanent solid off shore teams in India, permanent teams in the U.K. and unbelievably great technical teams in Poland.

It makes me sick to know these are our coworkers.
If these racists only decided to channel their energy into doing their jobs

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Post ID: @3kpi+1mM1EIy9

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VVVV What kind of gibberish is that? You start out saying the company doesn't need us and end up saying we don't need the company.

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Post ID: @3pmq+1mM1EIy9

This company is not dependent upon you. They can replace you. There may be a small blip but they will move on.

So if you feel important that you are the pillar of the firm - please !

You walk in - do your assigned task - walk out feeling that you have earned your money for that period (a day, a week or a month). The moment you get emotionally vested - you are doomed

No one feels it is their company. There is no urge to grow it. It is just another job. If not this today, next day at my competitor or even at Starbucks - same attitude , same result.

The only constant is ME (and may be my family).

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Post ID: @2wqo+1mM1EIy9

@2bet

Come on now. We all work in teams and every team understands who slacks, who is a star, who is most reliable, who can answer all of the questions and who is a socialite at the water cooler.

Teams understand this far more than their managers, who generally trust only one pet.

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Post ID: @2oni+1mM1EIy9

@2bet, that's BS. Explain to me how thousands of employees were just fine for decades with promotions and raises then all of a sudden get canned. It's obvious that management's plan is to get rid of our US employees and become the bank of chennai.

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Post ID: @2fvf+1mM1EIy9

Please explain how you all determine someone is performing exceptionally well when you never see their performance and never hear the feedback from mgmt that they get ? you go by a story that person tells you only . And of course it will always make them out to be the victim when they are the ones with the most issues like attendance, knowledge, poor performance etc. stop believing the stories you hear and worry about yourself. If you aren’t a problem then you have nothing to worry about

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Post ID: @2bet+1mM1EIy9

In my experience, the people putting themselves on the back, saying how hard they work, really bring the least value to the team.

And I know a ton of good employees that were let go

This place is a dump, and the only way you can defend that is if you’re in that executive level collecting those cushy bonuses or Todd‘s nephew

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Post ID: @2yue+1mM1EIy9

@osa

I’ve not ever seen them “Lay off the good ones”.

In my 3+ decades and change at the Bank, almost* every time that I knew a displaced employee, I and generally the entire team sort of agreed with and understood the decision. Many of these people were fun, well liked and missed around lunch time, but there was no doubt that it was the best choice. And generally we were doing their work already. So think of that when you read the s-b stories.

*the sole exception was when a manager forced a technology worker to change a vendor which he had picked based upon criteria and his boss then forced him to use a different vendor. So he did, the project failed, and he was displaced for “mismanaging the vendor selection process”.

Think of this when you read the “hard worker and they still layed me off” threads.

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Post ID: @1ctu+1mM1EIy9

@jsl

We are too big and too integrated into the worldwide banking system to fail.

You need to just accept that we are not going anywhere but YOU can take moves to escape and you should.

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Post ID: @1qnb+1mM1EIy9

explain this to me: some employees are here 25+ years doing the bare minimum and never fear for their jobs, while others seem to perform on a "high" level and constantly looking over their shoulders. Not a performance based culture. Not a culture at all, toxic from top down

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Post ID: @1bkb+1mM1EIy9

they lay off the good ones and keep the cr-p lol. no management vision. people get bounced around to different teams/managers. no one gives a flying f.

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Post ID: @osa+1mM1EIy9

Praying I get let go.

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Post ID: @jue+1mM1EIy9

No worries doubt this company will be around in year or two with the way things are going.

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Post ID: @jsl+1mM1EIy9

You must be a newbie… From 2000 to 2008 we had 10% layoffs every year, no exceptions.

Nothing since has even approached that era.

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Post ID: @xxp+1mM1EIy9

Yeah, we went through that for years. Every few months one or two people would suddenly get laid off for no apparent reason. At this point I don't care - give me the sub pay and I'll take a vacation before looking for a new job.

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Post ID: @xqn+1mM1EIy9

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