Next Action Notification set for week of April 11 with April 25 separation date. Managers are currently working on the list of employees to exit in the next round. Meanwhile, on the very next call, we discuss our challenges with filling open positions and concerns around the amount of resignations we are seeing. Makes sense, right?!?! Redeployment anyone???
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Just in time for Passover … if u can get severance I can celebrate my exodus at the Seder
Batman told Robin
"we just gotta save Gotham"
Robin e-vinced an incredible sneer
Alfred joined in with support of the Batman
Robin displaced them both then and there
@2nxs, is that you Vince? Nice call, lol.
April 11th would be fitting, my manager claims to have gotten an extension on our RTO to that date.
April showers bring about many layoffs
Todd waves from his yacht as he sails off
Robin Vince steps in
With his s*** eating grin
Looking to exert his new power
He will quickly begin to devour
The few employees who remain
Real bad actors are endemic to NYC banks, and it sounds like you played the game well and made a mint. Just don’t see the complaint.
We who had the misfortune to be acquired by this backwards 1980s level custody Bank had our careers, skills and resumes destroyed.
Which client was lost ?
🚜
Todd is 5 seconds from retiring. Robin Vince is your new Chief Execution Officer.
layoffs are coming due to a
deconversion of a client. Layoffs are apart of the business. Yes, managers have been told they need to reduce their head count and also they know ahead of time who they are letting go.
Exactly. So many of these impending layoff rumors have turned out to be false.
That’s been the case for 2 full years now. Seems like Post-Charlie Stress Syndrome. Not to say that people haven’t been displaced but it’s been few and far between and not nearly as random.
Where is this April layoff info coming from?
Fact or fiction or fantasy
Loyalty can be dyfunctional. Am not saying we should not be, just don't expect anything in return. That way, no one owes nobody anything.
Thanks, 1oww+1fqZlhtO. Being hardworking and trying to ensure that everyone around me succeeded wasn’t enough. There were some real bad actors who finished me off.
I have a guess who the poster below might be. If I am correct, I really enjoyed working with you and sorry you are no longer here.
I worked pretty closely with Todd for many years, and had respect and affection for him.
The person he’s become has shocked me. I guess the simplest explanation is incompetence… he’s in over his head. But just the way he treated me on my way out was shocking, but in keeping with how he’s operated since taking the role.
And like a prior poster, I bled for the company.
(And, yeah, I used to be in important company meetings where Todd was secretly busy watching golf on his iPad. I’d never have shared that except for how he’s betrayed the workers who make the company strong. Todd, you really betrayed me. You trusted the wrong people, and they lied about me, just as they lie about everything. Shameful that you believed them.)
I joined this company over 30 years ago when it was The Bank of New York. I bled our colors, grey and maroon, for more years than I can count -- practically sold my soul to them with the hours and the projects .. a true company cheerleader. But now, I don't even know what this company represents -- I am coming to hate BNYM and am looking forward to walking out the door.
I have also heard JP is going to merge.
I keep hearing of a JP Morgan takeover…
Just stare at Todd’s photo, then look at his salary. Do you think he cares about you in any way whatsoever. To quote from Rocky 3: we are “dead meat.”
Truer words have never been spoken. Spot on.
Sad. But also not surprising. Bluntly the company needed a solution for the lack of seats with some offices having consolidated over the the last two years. I suspect that Senior Management truly wants everyone back in the office, full time and before summer. And to execute this "plan", they need everyone to have an assigned seat (you can have mine).
All the rhetoric about flex work options and lessons learned during pandemic is a load of BS. The FAQs talk about starting off 3 days a week in office and then reaccessing... I'm not confident that my manager has the stones to challenge this number now, nor to have it lowered in the months to come. Senior management will always want more, and do the exact opposite of what is good for morale. Middle management has no power, ability, no choice but to follow. For a company that (on paper) is concerned with culture and courage to lead, we are seriously lacking.
Take me take me 😎
Cut onshore & hire offshore I suppose.
Yep. As a manager, I received the same information. Feedback is already showing that teams are grossly understaffed. So what’s the answer to help those who are still here and getting burned out from mandatory OT to meet client delivery, let’s cut more! Continued irresponsible leadership, that is opening up our people and clients to risk!