Thread regarding Bank of New York Mellon Corp. layoffs

Hiring

Apparently new & pending hiring has to be approved by Todd and the EC. Since they are supposedly not doing more layoffs in 2020, my guess is this is a way of implementing a hiring freeze without saying it outright.

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Post ID: @OP+16u5IEut

15 replies (most recent on top)

@contractor .. expect the worst and make plans for it. The extension really depends on the individual and their contribution/value to the firm.

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Post ID: @jxzc+16u5IEut

Job postings are nonsense, just to cover themselves for internal transfers when they know who is already getting the position

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Post ID: @csow+16u5IEut

You can fool some of the people some of the time, but not all of the time, most of the time.

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Post ID: @beup+16u5IEut

"They had plenty of job posting and no one applied."

Complete nonsense. I used to work in BNY. Applied for a bunch of IT roles. Based on the Linkin, some postings have dozens of applications. That's a problem - during pandemic many people would love to work for a large, stable company. Few jobs like that are currently available.

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Post ID: @6qrb+16u5IEut

Why would you want to apply to here, knowing the chance of being let go is high?

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Post ID: @3cul+16u5IEut

"It depends on how long you have been working here whether or not they will extend your contract. But forget about being hired on full time."

I've been there since January 2019, been extended multiple times.

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Post ID: @3jee+16u5IEut

BNY Mellon’s messaging is always contradictory, so who knows the real reasons they do what they do. But Todd’s email specifically said this was to manage expense, cut cost, and in his words “require greater scrutiny of current and new requisitions ”. BNY Mellon is basically setting the stage to combine roles. So if you thought you were doing a lot before. Get ready for more.

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Post ID: @3lil+16u5IEut

I am a contractor and my contract is up in October. Any hope I would be extended or converted to full time?

It depends on how long you have been working here whether or not they will extend your contract. But forget about being hired on full time.

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Post ID: @3vbr+16u5IEut

Here's an idea. Stop laying off older, experienced people, and you won't need new hires. How do these bloodsuckers even contemplate layoffs next year ? Is the pandemic over ? Plus, if Biden gets elected, they'll probably get more $$$ not to lay off. There is a human cost to what they do that they completely ignore.

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Post ID: @2mbu+16u5IEut

It's so EC can oversee the diversity numbers. That's the real reason they are involved.

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Post ID: @2mdg+16u5IEut

Pretty hilarious considering Taleo is showing 127 job openings for Pittsburgh just within the last 28 days. Most of these jobs are marked urgent. Some of these positions are application support analysts, infrastructure ops analysts, and systems reliability engineers.

So what does that tell you about this company? It tells you that BNY Mellon doesnt have the people in place that it needs to make its technology reliable.

If they have an urgent need for a systems reliability engineer, than it means their systems are failing because they dont have that person working.

Thats how I would read into it.

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Post ID: @1ekp+16u5IEut

You can fool the people once, twice, but you can't fool them all the time. Only foolish tries to make fool all the time. No one is an exception, time will tell.

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Post ID: @wea+16u5IEut

Hire freezes ”YES”, nobody wants work for this company. They had plenty of job posting and no one applied. Well, you can’t make people fool twice! Reputation matters for well-performing employees.

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Post ID: @aag+16u5IEut

I am a contractor and my contract is up in October. Any hope I would be extended or converted to full time?

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Post ID: @hlz+16u5IEut

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