Thread regarding Bank of New York Mellon Corp. layoffs

Headcount keeps increasing

Funny how we have all these "layoffs" yet headcount keeps going up.
According to the financial-supplement-3q-2021.pdf:
1st quarter 48,000
2nd quarter 48,800
3rd quarter 48,900

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Post ID: @OP+1doCoN0R

5 replies (most recent on top)

Certainly not NYC headcount, that's for sure.

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Post ID: @5yhq+1doCoN0R

I know some divisions are hiring stateside, not sure how many positions but i def know there is some.

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Post ID: @3bye+1doCoN0R

does the headcount include offshore wipro and cognizant contractors

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Post ID: @3pex+1doCoN0R

That can't be, I was told my position was "eliminated". Same for my 4 co-workers who were let go.

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Post ID: @2pbu+1doCoN0R

Makes perfect sense, outsource as much work processes as possible to chennai and there you have your headcount increase. In the end you get what you pay for, some departments in India have so much staff that is unnecessary and it's rediculous.

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Post ID: @jyx+1doCoN0R

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