Employees who do the work that makes that profit possible are not recognized for their work. Instead of an asset, we are treated like a cost that needs cutting by the management that's only looking to fatten their own pockets. How many things can they take away from us in the name of cost-saving before it's enough?
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Has there been layoffs at BNY Mellon Investment Management over the summer?
But it's also important to keep in mind that a company making a profit is not what is so objectionable here--obviously a business has to be "in the green" rather than the red on the bottom line...otherwise they won't exist for too long.
Well, I don't think any of us begrudge BNYM making billions every year... What I, and I'm sure quite a lot more employees here, disparage is not being able to share in the good fortune. Getting stiffed EVERY FRIGGIN' YEAR on salary increases that would at the very least be enough to cover cost-of-living increases in the economy is an unpardonable sin, imho. And because in going on nine years now here, in all that time I have never received more than a 2% increase in yearly pay (and that figure was only once), for that reason I really don't care if this "business" ultimately crashes and burns. Whether I'm still here or not doesn't really matter to me, either.
True It is so humbling.
True
That's what companies are supposed to do. If an employee isn't making them money, they shouldn't be an employee. The problem here is that we won't notice that all the fired employees WERE making us money until the after the fat cats get their bonuses.
Oh, and also pushing their woke agenda seems to matter more to these guys than running a financial company.