Folks lists are getting ready, some team started bringing in some consulting companies to handle the mass lay-off post activities.
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Everyone is VP at BONY, it means nothing!
Please are you knowing this is before or after engagement of a manager?
Yes, they will get layed.
Will VPs be layed off too?
Pay attention to your engagement with the manager. If they do not engage you, start looking fast!! This is almost a guarantee you will be laid off. This applies at any company especially BNY.
Tech team from Pittsburgh is poor?! Then how come Pittsburgh is always forced to rewrite “tested and QA’d” code from Chennai in a fraction of the time.
Persons working as VP will be layed off too?
Tech team from Pittsburgh is poor?! Oh, maybe there are a lot of workers there that can’t speak the King’s.
Bad management = mass layoffs. March = Merger ?
No, “banks” are not laying off people. Poorly managed non-competitive banks are laying off people. Well managed banks are doing just fine.
People who knows basic stuff should also be knowing why banks are laying off.
Not even close. U.S. will have even hotter economy in 2020 without chance of even a minor slowdown. Learn some economics it’s basic stuff.
Recession is coming, part of the Europe is already getting hit hard. US will feel in 2020, probably PGH office will either be closed or reduced to min because Management is against Tech team from PGH(poor quality). Good luck Tech folks in PGH.
3 offices being closed in Europe. Strategy is one office per country.
It is the same everywhere. So, keep your skills up to date and go out and do something you love.
It is the same everywhere. So, keep your skills up to date and go out and do something you love.
600 mainly Uk, Germany and Ireland. Mainly middle mgt.
Any idea on numrs?
Plenty layoffs in uk
January has been historically the largest lay-offs for the year. This year will be no different that the last several years. Good luck!
I think it's safe to say you can expect layoffs pretty much every month as they automate functions. Even before, because they need the money to pay for it. So expect more work to cover until they don't need you.
Really? How do you know this?
Yup. More lay offs January.