There is so much age and gender discrimination in our department and through out the company. Experienced, loyal employees in their fifties and older are being pushed, their work taken and given to young unexperienced coworkers, mostly men, often brought from India. BNYM sponsors green cards for them and lay off US citizens. How long can it last? How can it be legal?
17 replies (most recent on top)
To bcut. May be what you say is true for your department. But in mine it not. I did 80% of my manager works. He was a lazy bum but he was good in selling his face. I did my worked and helped my Indians "friends". I also helped my coworkers on shore to trublshooting, locate and correct problems. I was constantly improve not only tech but also business skills. But I prefere professional relationships more than personal. I am not a_s leaker. So when time come choice was done based on personal relationships. Even now I am learning new languages and technic. I will make sure I receive each dolur from sub and use thos time for learning.
This is happening in every big bank. Layoffs, moving departments elsewhere, streamlining functions, etc. Sorry but loyalty in the business world does not exist anymore. Unless you are improving your tech skills you will not succeed in business. Sorry.
Response to 7rtv. What the older folks lack in technology can not compare to what MElinnials lack in work ethic. The young folks don't know what due diligence is in their daily processes. The personal customer service is probably no more without the Older folks. All the young folks know how to do is forward the work on to the next group saying it's not my job and how come I can't work from home. The technology skills lack for their personal skills.
Waiting for class action suit to begin....
I'm not defending the bank but I understand why they would want to cut older employees. It's not just about the age. Older employees at BNY aren't a good value compared to their salary. They make 2-3 times a young employee but they aren't 2-3 times more productive. Also the technical skills are usually lacking. That being said I think they cut enough younger people also so they would never face an age discrimination lawsuit
you forgot the dirty men's rooms ...
Agree that the law says that but rooting out citizens and replacing with unqualified non-citizens in this level (?) hmm. Check the academic qualification of these folks, education makes people smarter, work with ethics, and helps to innovate.
Company tech is almost run by India, what we go today - old technologies, dirty politics, wrote spaghetti code that nobody understands, and managers think these are experts!!! during the production issue no one knows what is going on " rollback life is cool". The company went down due to these incapable employees from India and now brings them to the US makes it even worse.
GOOD LUCK!!!
It's not illegal for them to transfer folks from other Countries. Federal law allows it for up too two years, it can also be renewed. You could transfer to another Country yourself.
Fired Disney workers tried to sue and it was throw out, because being an American is not a protected class under the law.
What about INS? Can it be tipped off about BNYM using L1 Visas anonymously?
If more and more new faces around you and they look like Indians, do not be surprised, they are from Pune and Chennai given L1 visa instead of H1 visa. L1 visa is company sponsor visa, where they can only work for the company that sponsors them. We need to make the government know that there is a loophole that BNY is using to replace US Citizens with these kids from India, they do not have special skill set or academically qualified(for H1 visa, candidate have to have Masters or P.hD degree) for L1 Visa, Youtube knowledge is sufficient and up to the manager. These are cheap labor and work as long as manger want them too, for them coming to the US is the biggest dream come true, these kids will sacrifice anything to come to the US.
Managers are incapable and incompetent to deal with US citizens as they are smarter and challenge the status quo. Force Rating is the best tool to retaliate and let go of US-based employees. These managers do not think of the company, they think of their lazy day (golden day) and paycheck by-weekly. That's all...Managers and BAs are having the best time at BNY.
Management creates what they want to meet the BE requirement. Going back to an earlier post here, we need to take action. Anyone know which law firm have done well against BNYM?
The last wave of layoffs was company wide and all different ages 20’s-50’s. The people I knew that got let go were people that were coasting, getting bounced around from department or groups for 15-20 years earning a pay check. These people were doing the bare minimum so they should have been let go years ago.
All big banks are going through changes and doing the same thing: cut expenses, streamline functions, cut people who are not profitable, etc.
Regarding regulators - start with contacting the OCC and SEC. The southern district attorney’s office in NYC is interested in these cases if it links to fraud and criminal activity which can be unearth as part of deceptive practices impacting clients. BNYM is the sole agent for all Us Treasuries - try letting the SEC and Fed know how their payment fees are being misappropriated. But, it takes a class action suit and attorneys. Try contacting the OCC as a starting point. A letter to your local congressperson. Make it known or accept the illegal practices. It’s a tough choice when you can’t afford to lose a single paycheck. Also, do a search for NYC attorneys handling class action discrimination cases at any of the major banks. These are top gun players. Consults are free and if your case has merit, they work on contingency.
No matter what, people who knows how to kiss the butt and play politics will always remain there. BNY believe who can talk loud in meeting and feed B.S. because managers have no idea what is this dump talking about. Only those who are brave and hardworking will be shown the door, higher management has no idea, who was shown the door. If you recently joined BNY as C#, Java or Python developer and spent less than 5 years, don't miss the gold out there. If you are working more than 5 years there then good luck, you have a challenge because your skills are almost dead and no one will hire.
Bad or incompetent management is not illegal. Yes, cuts are aimed directly at those unfortunate individuals in the 3 or 4 undesirable demographic groups despite performance and merit. However, just enough slackers from target demographics are mixed in to provide an acceptably heterogenous mix to pass muster. Let’s see if the interim CEO is brave enough to discover “energy that we haven’t seen here in a while” by basing cuts on true lack of performance.
Who are the regulators who need to be tipped off ? I hope I get laid off, I'm sick of the cronyism and unqualified management who only care about advancing their own careers.
Until a class action suit is brought, it will not stop. Individual claims are settled internally with the legal expense fund set aside and allocated for situations where employees have proof of discrimination. This is simply a known cost of business for them even if its not legal. Complainants must sign away all rights to any future legal action for a nominal payoff which the bank knows they will take out of desperation - especially older folks who have fewer job prospects despite being skilled performers. This is an accounting exercise at our management reviews. It is illegal but managers are afraid to stand up as well because they will be let go for not supporting the status quo. The regulators must be tipped off and get involved or a class action suit initiated, otherwise it continues at BNYM where it is pervasive as well as other banks.