Thread regarding Bank of New York Mellon Corp. layoffs

All cuts to be in USA

The cuts to be announced are to be in the USA ..... all indications point that way. Cheap labour in Asia and EMEA where productivity is 40% higher per employee and salary is 53% lowe3333r.

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Post ID: @OP+123oedcm

11 replies (most recent on top)

Omg! That is so funny. Offshore is 40 % more productive. We sent the easy work and it takes two times as many people. They make so many mistakes and clients are jumping ship. Larger clients won't tolerate the constant mistakes and delays.

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Post ID: @3ubu+123oedcm

anything that is being shipped to india was too expensive to automate, it's like the flinstones where a bird is powering the washing machine. That's what nexen is...there's dudes in india manually powering that whole thing by hand

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Post ID: @3qdf+123oedcm

Very true comment

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Post ID: @2wqz+123oedcm

American office workers are about the last group in America to be outsourced outside of remaining retail. If you’ve never had to reinvent yourself until now you should be counting your blessings for one great ride. Welcome aboard and the best advice is to focus on your skill set.

Tuned out Americans seem to have never heard the term “outsourcing” until recently and for some reason believe it to be synonymous with moving jobs to India.... it isn’t. Outsourcing can be domestic on, domestic off site or international. Also you can work in EMEA, India, Asia as an employee or an outsourcer. So don’t draw simplistic assumptions based on whether people look or talk like you.

Work location has ZERO to do with employment, contracting or outsourcing status.

Treat your peers with respect, regardless of whether they look or talk like you. I’ve seen great, mediocre and terrible work from every region including the U.S.

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Post ID: @psq+123oedcm

"productivity is 40% higher per employee"

After many years of "help" from offshore resources, our department finally cut way back on using them over the past year.

Our workflow was basically this:

1) Offshore writes code and sends to us for review.
2) We tell them what's wrong with it and how to fix it.
3) They tell us it's fixed.
4) We tell them what's wrong with it and how to fix it.
5) They tell us it's fixed.
6) We do it ourselves because we're fed up wasting time on it.

There were a few good people there who wanted to learn and improve, but, for one reason or another, they all left for other jobs.

These days, we give them the simplest changes possible and hope for the best.

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Post ID: @mwa+123oedcm

Recently the Committee on Foreign Investment in the United States start to reviews foreign acquisitions of American firms on national-security grounds, is now reviewing the two-year-old deal about TikTok’s. American government might have evidence of the app sending data to China. I always ask myself other questions. Why for a few past years I getting so many spam and fords calls from people with heavy Indian accent. Why nobody cares that so many IT jobs in today days are outsourced, which I personally think may increase risk of data leaking. Why nobody thinks what country we leave to our kids?

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Post ID: @hjr+123oedcm

A quick Google search will tell you that there are. BNY was actually in violation of the legislation early this year after they laid off too many US employees, putting them over on their out sourced employment. They paid a pretty hefty fine for the "oversight" and had to lay off workers in Pune to get back into compliance. I would think they had learned from that mistake but I wouldn't bet on it.

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Post ID: @yni+123oedcm

You could be thinking of your old job at the Post Office. Also, this is not even outsourcing. These are full employees every bit equal to you. In the case of EMEA, more equal than you. You can read all about it in 2018.

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Post ID: @pmk+123oedcm

Yes there are.

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Post ID: @pys+123oedcm

No there aren’t... I want some of what yer smokin...

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Post ID: @kzg+123oedcm

This can't be true. There are regulations in place for the % of jobs that can be outsourced. If they are laying off a bunch in the USA they will also have to bring their numbers down elsewhere.

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Post ID: @nff+123oedcm

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