Thread regarding Bank of New York Mellon Corp. layoffs

@zqi

Sadly that has become a now familiar organizational pattern. High ranking employees follow their boss or friends to a new bank, oust the previous reports and hire their friends. And, as all are friends, they have no career or financial risk in moving. In 3 to 5 years they swarm together to the next bank.

Some of these chaps are rather nice blokes, along with haphazard deliveries of the things.

Despite an ever-growing load, I made the mistake of getting too comfortable to leave here. I hustled and worked my tail off to get recognition and it worked out for a number of years until I get a new director. No matter what I did, my accomplishments were either ignored, belittled, or straight up condemned but if the people she brought in did something, they were lauded with praise.

So I took a huge risk and found a job making 40K more than I was making. I'd have been very foolish to continue kicking the can down the road, hoping one day BNYM would give me the pay I deserved. But 2022 showed me that was no longer in the cards. I'm thankful my bad management gave me the push I needed to get out of here.

Plan on seeing more of this at the macro level as more executives are brought in and their own pets get the greater share of the rewards.

If you're under 50, take that risk! Don't stay any longer at this toxic company

@nyq

Totally nonsensical. What are you trying to say?

@nyq+1n2PmU7a Alpha male management is a decent word . Alphas protect the Tribe. Narcissist is a better word.They were called Bullies in school who grow up to be holding management positions here. They create a Strong Lobby to benefit themselves and participate in bureaucracy that is deep-rooted.

GS folks now dictate comps and grab comps that’s left . All the folks in the organization who are loyal are being purposefully sidelined to be replaced by younger chaps. Younger chaps get 40% sometimes 50% more salary than the existing people. Management should be ashamed of themselves as they are justifying saying they all come with new skills which is a BS. They come and are still learning from us to deliver the results and doing so in a haphazard way and the worse is they show to all the other alpha male senior management that they have achieved something extra ordinary. This place cannot value people’s experiences anymore and cannot meet employees aspirations anymore. Managers and Management have clearly failed in their one single job which is to help and manage people along with the delivery of thing’s required from them, they are too shameless at this juncture.