Thread regarding Bank of New York Mellon Corp. layoffs

All hands meeting. What was said!

Hi all, anything mentioned in the all hands today? Wasn’t able to attend.

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Post ID: @OP+16iL080Y

13 replies (most recent on top)

Magical thinking. It is just so ironic that they think new employees will be any better than former employees. Maybe they think they are a better judge of “talent”, but that’s how the former employees got hired, way back when. Nothing new here.

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Post ID: @dgns+16iL080Y

That makes Indians a much better slaves than Polish . Why would a Company even invest if you call them bullsh*t which you know it is .That's how you trick them to bring back the business .You know how Corporate fascism work . Mediocrity everywhere with no quality of work . They outsource all non strategic work to third world countries but be prepared to be axed if you say no to a sh–ty job .

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Post ID: @ajpj+16iL080Y

I would rather work with Polish folks than the Indian offshore group. Polish people call out bullsheeit when they see it, push back on bad ideas and don't just mindlessly agree with everything to make a quota. Having your country completely disappear from the world map 3 times tends to give you a perspective of caution and patience.

Plus cabbage is very rich in vitamin C.

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Post ID: @5bht+16iL080Y

"drain the swamp" - we know how well that slogan has turned out nationally.

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Post ID: @3qge+16iL080Y

Clearly we’re all d’bags working here just biding our time. What a shame BNY had once been a decent place to work pre Irving pre Mellon when we had branch banking mortgages etc

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Post ID: @3kxz+16iL080Y

@2xoa+16iL080Y -> They need to drain the swamp. Agreed 110% BUT how can swamp drains swamp? Never seen such a dirty politics. Only mob of people who thinks they owned the bank and surrounded by YES men are left. PGH is a JOKE!, they trigger fake production issue, fabricate the report and lay-off smart ones, I don’t think bank will get facelift anytime soon.

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Post ID: @3uyz+16iL080Y

Well said on below post, have Jamie Dimon come in as a consultant for a month and you could fix this place quick and save billions.

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Post ID: @2dqx+16iL080Y

Here it goes. Spent several years at Bny in Pittsburgh all of the severe problems come down to extreme lack of management skills most of the employees are great hard working people. Management sad to say just have low iqs so much of what they do and say is childlike my 6 year old niece has stronger cognitive skills than most of the C suite. Take for example the offshoring, very simple minded approach ie ug ug India cheap save money ug ug without any understanding of India’s history or social and economic structure and all of the problems you will encounter ie lack of infrastructure and strange habits of people ie it is one of the poorest and primitive countries in the world. So they probably lost money and productivity with India so now Poland ug ug Poland cheap save money ug ug. Poland is in Central Europe and is an advanced economy in their simple minds the c suite is now comparing Poland to India because their low iqs cannot contemplate any differences so they will run into problems yet again, poles will not be treated like Indians soooo problems yet again ie strict labor laws in Poland which this pitiful mismanaged company will feel harshly. Anyway in Pittsburgh Mellon had a great rep before the merger hopefully the billionaire Mellon and scaife families get involved to save their name and reputation because its five till midnight to say the least. Upper management needs completely dismantled and some real talent needs to be brought in. They need to drain the swamp.

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Post ID: @2xoa+16iL080Y

There was a lot of talk about removing manual processes, typical unrealistic stuff taken from too high a viewpoint - leaders don't understand the detail, and paradoxically they said so. Some guy gave career advice - as you start out know the detail, as you move use what you learn to develop strategic thinking ....revolutionary thinking! So the strategic thinking is remove manual processes, but there is not detail on the tactics of doing so, nice diagrams but no tactics. Then someone else spoke about the importance of promoting the right people, in other words "we'll be bringing in a lot more external hires to improve this place, subject matter expertise is not required, change management with regulatory awareness is more important". And generally lets make this a better place for the next generation. It sounds like an admission that we are way behind in large parts Operations and it wont be fixed anytime soon.

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Post ID: @2jae+16iL080Y

And if I’m a loser what’s it to you? I apologize for this post not meeting your needs on your site. Your clearly on another planet probably oblivious to the issues going on in this organization ma such as the most recent one which was a cut to our hourly rate. No one is talking about it around us. Our manager is clearly avoiding the topic so asking here. A site where we share information etc

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Post ID: @2umz+16iL080Y

Don’t you have any co-workers you can ask? Or are you a total loser I meant loaner

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Post ID: @1coy+16iL080Y

Why would you even ask that on here? “Oh no I missed the meeting, I better go on lay-off.com and see if I can find out what I missed!” I mean really!

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Post ID: @1jlb+16iL080Y

Yes, didn't you know, everything is wonderful!

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Post ID: @lcn+16iL080Y

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