Thread regarding Bank of New York Mellon Corp. layoffs

First order of business for Todd

Take the pledge not to lay anyone off during this national crisis. The government is bending over backwards to support businesses so that people don’t loose their jobs. Do the right thing and protect jobs.

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Post ID: @OP+14g1JMfQ

6 replies (most recent on top)

Would be nice if he’d commit to reversing out the open office concept with no space & all of us elbow to elbow. A lot of people won’t feel comfortable coming back to that environment.

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Post ID: @1gxm+14g1JMfQ

Not sure why people would decide to “loose their jobs” when the government is bending over backwards to support businesses so that people don’t lose their jobs. But I guess you’re probably right... never can tell what people will do.

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Post ID: @1bac+14g1JMfQ

The show will go on driven by BoD. Regrettably technology will displace a lot of jobs a loooot sooner than ANYONE thought. Where before entire processes reengineering to increase/replace through use of technology that had to go through layers and layers of design approval and implementation this pandemic has cut a lot of red tape and moved a lot of processes directly to implementation. Because shait neeeds to get done like CEO messages from living room. Example, payments by physical checks will be reduced EXPONENTIALLY replaced by wires and once that happens physical checks will never come back. Fax requests... gone...no more 30K faxes received per day...I'm sure you have more examples

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Post ID: @gaq+14g1JMfQ

Charlie Scharf 2.0 ? We should be so lucky.
He’s a 1000 times worse.
Backwards. No innovation. No vision.

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Post ID: @jde+14g1JMfQ

Charlie Scharf 2.0 will not do that. This is only going to accelerate the AI and automation agenda BNYM is sticking to unfortunately.

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Post ID: @lmu+14g1JMfQ

I think you are being overly optimistic. Brian Moynihan of Bank of America did make that announcement yesterday, that no coronavirus layoffs will be made. Not 100% sure that means anyone who calls in sick due to testing positive for coronavirus will be safe from staff reductions and that everyone else is fair game. As the pandemic impacts more of the bottom lines of companies forced reductions may be the new reality.

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Post ID: @wlo+14g1JMfQ

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