Thread regarding Bank of New York Mellon Corp. layoffs

Asset Servicing Ops

Major layoffs coming. assessment currently underway, drastic overhaul of the service delivery model coming. I’ve been asked to put names in boxes and put forth names for termination.

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Post ID: @OP+16VboYkT

10 replies (most recent on top)

The Tacoma managers will manage other managers! C'mon mate! Get with the program.

No one knows what will happen. Keep your head down and do the best you can. If you get cut is not because you didn't do your best. And if you didn't do your best then you won't feel as bad. In any case, remember, you have very little control over what happens. Your Manager has little control over what happens. His Manager has some control over what happens, and his manager just wants to see X amount of cost cut regardless of who goes. 3-4 levels up you as a person don't exist. You exist as cost/benefit string of numbers. That is it.

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Post ID: @5bph+16VboYkT

Who will Tacoma managers manage?

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Post ID: @3clv+16VboYkT

Tacoma office will be cut again. Only people left in this location will be managers. It's actually funny. These id–ts are managers and have non or very few direct reports to them. What a huge waste of talent and potential this place has turned into. Sorry everyone. Financial field is leaving usa. Time for a career change.

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Post ID: @2rba+16VboYkT

Good. They can start with managers. They are totally worthless and not necessary.

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Post ID: @2zdo+16VboYkT

list for asset servicing tech has been prepared back in july

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Post ID: @1juc+16VboYkT

Not surprising since BE is now oversees tech and ops. Insert BS corporate jargon here. Nice knowing y’all

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Post ID: @1aoc+16VboYkT

This sounds scary and real! Good luck folks

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Post ID: @lvz+16VboYkT

This is happening in ALL ops areas. Senior manager workshops for the next month with ops and tech looking at delivery model changes and automation possibilities. Get some senior manager friends, get some coding skills, or get a cardboard box.

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Post ID: @nwp+16VboYkT

There are dates reserved on the calendar every month in combination with HR. The big one will be Jan or Feb.

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Post ID: @piv+16VboYkT

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