Thread regarding Bank of New York Mellon Corp. layoffs

Mass Exodus

I know every department is different but probably a dozen people in my area have given their notice in the last 3/4 weeks (including a lot of experience/knowledge) and not a single person was offered a salary match to stay.

Pretty much thanks for your 20 years. GTFO.

Is anyone else seeing the same? Does sr mgmt believe that we are overstaffed or is the plan to offshore us all for cost savings?

by
| 10377 views | | 8 replies (last ) | Reply
Post ID: @OP+1dn6lHFf

8 replies (most recent on top)

TSG is reactive and bureaucratic. Why are we required to to annually estimate growth in capacity when we never add capacity until a production outage?

by
| | Reply
Post ID: @gjmu+1dn6lHFf

I left BK 5 months ago and I live my new company. Best decision I ever made. With that said, even at my new company turnover is high. Believe me BK, has their issues, a toxic environment being one of the paramount ones. But turnover is high everywhere. That’s what happens in a hot job market.

by
| | Reply
Post ID: @dpym+1dn6lHFf

when people are getting offered 20k plus more than what they are making now why would anyone stay? BNYM will lose good employees seemly because they do not want to match what is being offered. I know people who had been here 10 years plus and new hires are making their same salary or more.

by
| | Reply
Post ID: @1zsj+1dn6lHFf

Yeah, @1seu. It's like they purposely make it impossible to speak to anyone about a request and it's like an escape room trying to decipher what requests to raise.
Try getting a simple mq set up to send data between two servers. You'll need a queue manager request, a SAN storage request, a url request, a processing ID request, a channel request, a channel permissions request, a firewall request, etc, etc. TIMES 4 environments!
I don't understand why Bridget and other managers don't actually test to see how hard it is to get some of these requests completed.
Try requesting an mq setup.
Try requesting a new laptop.
Try requesting a new HiPAM ID.
Try requesting a SQL Server DB.
Try requesting a new VM.
Try requesting a new SMTP ID.
Each one takes FOREVER and requires multiple requests.

by
| | Reply
Post ID: @1cyx+1dn6lHFf

@ape+1 - add to your last bullet WHO to reach out to... Sometimes getting something done is similar to a Kafkaesque nightmare here

by
| | Reply
Post ID: @1seu+1dn6lHFf

Why would they offer anything to stay? They save money when people leave. No unemployment… no supplemental pay… seems like an easy answer. If people want to leave - then leave!

by
| | Reply
Post ID: @1ess+1dn6lHFf

Six weeks sounds pretty ambitious, @wmo.
There are plenty of issues with mid/senior IT management.

  • They look at IT as an expense as opposed to them making us money by driving efficiencies that pay off in months.
  • They think IT spends all their time coding that can easily be replaced by a programmer in India with a little tech training. In reality we spend most of our time figuring out what to code or jumping through hoops to get something tested and implemented.
  • They have no plan. I tried for years to get our group to come up with 1, 3 5 and 7 year plans to no avail. Although it's impossible to plan anything because everything is a priority and it changes every couple hours.
  • They organize TSG to provide granular requests that might work nicely internally but applications want to request complete solutions, not a bunch of individual service requests that take hours to figure out what's needed and how to request it.
by
| | Reply
Post ID: @ape+1dn6lHFf

OP Must work in Technology! Have seen a large exodus from there recently. Honestly, I don’t think Sr. Management in technology has a clue. They think everyone can be replaced at a moments notice and pick right up where the last person left off. It takes 6 weeks just to onboard someone and get their accesses right :-)

by
| | Reply
Post ID: @wmo+1dn6lHFf

Post a reply

: