Thread regarding Bank of New York Mellon Corp. layoffs

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Tough day in AS Ops.

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Post ID: @OP+1iUY2GhK

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Thankfully layoffs remain very small. Apparently Todd is providing wise council to Robin over the transition year.

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Post ID: @3rxi+1iUY2GhK

@1awp

Layoffs were never just on a Monday, Layoffs began on a Monday and generally were conducted over 1 1/2 calendar weeks.

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Post ID: @1skg+1iUY2GhK

Still very minor low level layoff. Our 4+ year low layoff era continues.

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Post ID: @1zjs+1iUY2GhK

If it's posted on the internet, then it must be true.

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Post ID: @1kws+1iUY2GhK

I've heard "tough day" used several times over the years, only to later find out (for the most part) that a handful of mostly junior staff are the ones being let go - people who aren't very productive to begin with...

There's a lot of no talent "fat" at K/L/M salary grade level - fix that. Does the company really need to pay 6 figures for Ops people with management titles who do not have management responsibilities? But instead perform entry level work like cash recs and NAVs/baskets (i.e. clicking a button in the production line).

I guess while we're at it, also get rid of the site leads who have let this mismanagement persist for well over a decade now.

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Post ID: @1zmr+1iUY2GhK

new ceo, same old boneyard.....

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Post ID: @1omz+1iUY2GhK

It hasn’t started. It’s been going on for weeks. The tactics are a bit different this time. Layoffs were almost always on a Monday prior to Covid. This time, any day of the week is in scope. Spread the misery. Weaken the message of mass decoupling. Clever, but not clever enough for anyone paying attention. The payroll cut target is 9% by year end. Good luck to all.

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Post ID: @1awp+1iUY2GhK

More coming to that area prior to year end . . .

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Post ID: @oom+1iUY2GhK

Any truth in this?

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Post ID: @niz+1iUY2GhK

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