Thread regarding Bank of New York Mellon Corp. layoffs

Citi and Wells layoff this year despite their pledge not to in 2020. Could it happen at BNY Mellon too?

Check out the following links:
https://www.pionline.com/money-management/wells-fargo-targeting-25-workforce-mass-layoffs.https://www.marketwatch.com/story/citi-to-resume-layoffs-after-pause-during-pandemic-reports-2020-09-15
https://www.bloomberg.com/news/articles/2020-09-14/citigroup-to-resume-cutting-jobs-ending-pause-during-pandemic

Could BNY Mellon be far behind?

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| 2536 views | | 7 replies (last )
Post ID: @OP+16YgXbmN

7 replies (most recent on top)

Managers are being extremely unprofessional and dishonest on every performance review. They are fooling HR departments with their fake and fabricated review reports. HR might question these managers why employees who got multiple BE suddenly got ME? Very suspicious and dishonest. If HR get these managers and multiple BE folks properly scrutinized, all those who played politics to layoff good people will soon be out of BNYM. This time it could be that HR sends the list to managers who will be laid-off NOT that managers send to HR.

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Post ID: @5toj+16YgXbmN

It could. Watch your work/revenue volume. If your bringing in less money the difference must come from somewhere to keep EPS in line or drop little. The more banks do this the more BK will feel ok to do the same. Remember Bk always follow what GS does AFTER GS does it.

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Post ID: @2wnt+16YgXbmN

Any skill you learn here are all outdated, all new skills are something you have to work with it to know how, textbook and video will not get you anywhere. Good Luck folks!

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Post ID: @1mjr+16YgXbmN

It is coming, whether you like it or not.
If you have not done so already, start evaluating your skill sets along with your financial situation.
Doing both will help plan for the next step.

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Post ID: @1yao+16YgXbmN

It’s already started.
I hate this company.

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Post ID: @bnk+16YgXbmN

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