Thread regarding Bank of New York Mellon Corp. layoffs

Waiting to sell BK stock

I'm on of those who were let go last year and am looking for the right time to sell BK stock. I even participated in the ESPP. While checking out Fidelity, data in the report PROVIDED BY MSCI ESG RESEARCH AS OF 05/12/2020 Methodology doesn't seem right. I thought numbers were higher.
BNY Mellon has reported stable employee retention: 88% in 2018 as against 89% in 2016.
However, we found evidence of layoffs (2017: 700 job cuts; 2019: 100 in Pittsburg and 300
in India). Such changes, if not properly handled, may weigh on the morale and productivity
of employees.

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| 955 views | | 4 replies (last )
Post ID: @OP+159WKHUa

4 replies (most recent on top)

Should have gotten out last year when stock was north of 40.

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Post ID: @5inu+159WKHUa

Uh... what exactly are you waiting for?

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Post ID: @1pxd+159WKHUa

Whatever the case, the stock has effectively gone nowhere in the 22 years I've been involved with this organization. So much for the 'experts' over the years who thought they knew how best to build 'shareholder value'. Fortunately I sold off all of my holdings from the ESOP, stock options, 401k, etc. years ago. I'd get out now.

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Post ID: @1jof+159WKHUa

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