Thread regarding Bank of New York Mellon Corp. layoffs

Can the damage be fixed?

In all honesty, does anybody think that whoever they put in the position of our new permanent CEO will be able to undo all the damage Charlie did to this place? I think that's an impossible task. We are past the point of no return - whoever takes over is doomed to fail.

I wish I was wrong...

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Post ID: @OP+11ivwF9G

6 replies (most recent on top)

Twitchy Finger T won’t have anything new to say on Thurs.

Rest assured he will following a similar playbook as Chainsaw.

There is a reason why the activist investors left the BoD a few months ago: Nothing good cooking at BK!

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Post ID: @1cnt+11ivwF9G

Provided they have the right people in charge and get rid of those hired by Charlie BNYM has a good chance of bouncing back. Curious what will be said at the all staff on thursday.

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Post ID: @mqs+11ivwF9G

No chance of recovering. Stick a fork in it, it’s done

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Post ID: @nvj+11ivwF9G

Yes hire qualified managers to put this place in a good spot stop bringing in people with a record of failure and paying them huge amounts of money.

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Post ID: @wrb+11ivwF9G

They should start by rebuilding the confidence in their workforce. The company will not be any good without the employees, and right now nobody cares about their jobs. Not after being humiliated on reviews, treated like children on work from home, and not compensated for their work with raises and bonus. They can continue to outsource if they like, but we know what they will get them in the end.

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Post ID: @pco+11ivwF9G

Yes of course it can. Given enough time. Sort of a silly question. 5, 10, 25 years down the line, anything is possible.

BNYM probably cannot recover as quickly as it was dismantled, but if the correct decisions are made I see no reason things cannot be good again in 3 to 5 years.

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Post ID: @ccm+11ivwF9G

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