Thread regarding Bank of New York Mellon Corp. layoffs

Possible Layoffs by end of 2020?

Heard that there's mandate coming from above for another 10% round before the end of 2020. Can someone confirm? Is it the truth or a rumor?

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Post ID: @OP+16omUiDi

15 replies (most recent on top)

Why would any employee ever trust this organisation !

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Post ID: @Nqyk+16omUiDi

Layoffs for 2020 were delayed from June due to pandemic. But they will be happening. Sit tight and do as little as you can get away with. This is a horrible organisation. Wait for your pay out and then laugh all the way out the door.

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Post ID: @Nwmv+16omUiDi

Everyone says it’s going to be a bloodbath and it’s always the case. They can’t do more then they typically do because of the warn act.

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Post ID: @aovi+16omUiDi

Of course there is a possibility of layoffs, just like at every other company these days. Good time to just focus on your job and have plan B in case you are on that list.

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Post ID: @7wxv+16omUiDi

It may be a rumor, but 21 will be the purge in overdrive. Plan ahead wisely. Watch for boss disengagement, that is a big red flag. Watch for your review rank, if BE or similar, another big red flag. Evaluate your skills now. If desired, determine what other careers you can do.

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Post ID: @4naq+16omUiDi
In 2021, finding job will be almost impossible for any types of role. Tech companies are now saturated and stopped hiring, as most of the workload will be or already automated. Start learning new skills like AI or python or be expert on End to End.

@2gth+16omUiDi sorry, this is bullsh!+. If your experience with "tech companies" is limited to BNY then you have no idea what you're talking about (and it sounds like that is the case).

  1. "Tech companies" are most definitely hiring. I've been interviewing new hires at my job for the last few weeks. Banks may not be hiring, but banks are absolutely not "tech companies."
  1. "AI" is bullsh!+ and nobody is using it in production to any effect. It will certainly not be replacing anyone's job in the next year. The fact that you think that tells me you drank the BNY CTO Kool-Aid; AI at BNY Mellon is a pipe dream cooked up by a know-nothing CTO who wanted to impress his boss by telling him "sure we're modernizing our systems.... we're working on... ARTIFICIAL INTELLIGENCE BAYBEEEEE!!" Absolute, idi0t!c bullsh!+.
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Post ID: @3tid+16omUiDi

we've already provided names and 'rankings' for the first round

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Post ID: @2kmg+16omUiDi

In 2021, finding job will be almost impossible for any types of role. Tech companies are now saturated and stopped hiring, as most of the workload will be or already automated. Start learning new skills like AI or python or be expert on End to End.

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Post ID: @2gth+16omUiDi

2021 will be a blood bath managers are already being asked to provide names

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Post ID: @1fjj+16omUiDi

No layoffs in 2020, but do expect management to make your life miserable. Increased work load and responsibility, bad year-end review, no promotions, 0 percent raise, and a 20 dollar bonus.

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Post ID: @1ois+16omUiDi

Mr. Todd said, NO lay-off remainder of 2020, BUT never mentioned firing those who got do not meet expectations in the mid-year review. Remember, they have changed the rating procedure. If you are listed under corrective action, start marketing yourself.

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Post ID: @1bah+16omUiDi

No layoffs 2020 or they will have to pay the government back money.

Q1 2021 will be a blood bath.

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Post ID: @1yec+16omUiDi

And if Todd said it then it must be true I guess. Meh

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Post ID: @hzo+16omUiDi

Its a rumor. Todd Gibbons said no more layoffs for the remainder of 2020

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Post ID: @bsq+16omUiDi

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