Thread regarding Bank of New York Mellon Corp. layoffs

Goldman Sachs switched to MANDATORY 5 day weeks!

I wonder if BNY will force people back to 5 a week?

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Post ID: @OP+1iuSHzUD

29 replies (most recent on top)

Sincere question, i see a lot of people on mysource going crazy saying being able to choose what 2 days they have to be in office is not flexibility. If they demanded specific days or 5 days a week i absolutely see that as not being flexible but just requiring any 2 days seems flexible to me. Im also old so maybe im not grasping it properly which is why im looking for an actual answer to this.

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Post ID: @8ixh+1iuSHzUD

If one cannot rant on this type of forum, then what's the point??? Go take your a$$licking to mysource. You might just get some wow points out of it

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Post ID: @8qfk+1iuSHzUD

@eln

“Nothing is guaranteed, but full time in office goes against the messaging from HR and Senior Management.. I wouldn’t expect that to change any time soon.”

You’re getting messaging from HR & Sr Mgt indicating that “ They have embraced flexible / hybrid work schedules as a differentiator” ?!?!? Do tell! I want some of what you’re smoking…

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Post ID: @7hkd+1iuSHzUD

I have no intention of returning to the office more than 2 days a week, and possibly fewer. So if working remotely makes me a "shut-in" (by the standards of some middle manager, no less), then so be it.

Meanwhile, you're pulling 12 hour days because some "upper management" tool assembled an "urgent!...top priority...project [insert mo--nic title]" taskforce to work through the weekend.

You do you, so the rest of us can enjoy our personal lives while working remotely from a variety of locations and using free time to our advantage.

So who's the shut-in now?

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Post ID: @7csu+1iuSHzUD

Maybe they just don't want a company of shut-ins?

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Post ID: @5biy+1iuSHzUD

...last poster is definitely drinking the Kool-aid. Haha. What is it that you love so much about the office environment and why do you think a raise is deserved for returning?

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Post ID: @5xqx+1iuSHzUD

JPM, GS, MS are pushing for 5 days back in the office. Will this cause people to find more remote work?

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Post ID: @5otu+1iuSHzUD

@kdu Of course we have room. We’ve got nothing but room.

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Post ID: @2vca+1iuSHzUD

@eln They haven’t embraced flexible work schedules at all… they’re trying to come to terms with it. And even if they do it’s not a differentiator at this point. Most banks have embraced it.

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Post ID: @2ytl+1iuSHzUD

@2hxg

Mellon hasn’t even existed for 15 years.

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Post ID: @2pcy+1iuSHzUD

Gotta keep an eye on that layoff group for more details

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Post ID: @2agq+1iuSHzUD

Yes it’s a way for people to quit. Mellon is going to do this as well.

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Post ID: @2hxg+1iuSHzUD

a37gn9gh silly argument. You're speaking of a handful of people

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Post ID: @2nxk+1iuSHzUD

For those who say we are unable to pay like GS…..then why are we hiring so many GS execs?

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Post ID: @2kdx+1iuSHzUD

Enterprise Rent-a-Car and Ameriprise Financial Advisors are hiring! Work from anywhere.

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Post ID: @2lvy+1iuSHzUD

Nah. Raymond James is in office only twice a week. Verizon is fully remote if you want/office if you like. Plenty of places that are still flex wfh. You get less done in the office so if they want to bring us back fine our work will drop. Too many people use this as a social gathering and do nothing but talk. Now they are taking pictures of people being in the office to push down everyone’s throats how great it is when the training in person sucked. Too many people talking about unrelated cr-p.

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Post ID: @1zjd+1iuSHzUD

People actually WANT to work for Goldman and are compensated through salary and/or future opportunities. They will deal with RTO because of this.

It's not unlike attending a top university which can/should be a springboard to a better quality of life (how ever one defines it). "Pay" in the short term, get rewarded in the long term.

BNYM doesn't have any of this going for them - nothing to attract/retain employees. They do NOT have the luxury to even attempt to align with the Goldman's of the world.

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Post ID: @1sas+1iuSHzUD

It doesn't make sense to commute back and forth to work to feed the economy when I can do my job for almost 3 years perfectly WFH. The can shove it!!! If that happens here, I am out.

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Post ID: @1dwg+1iuSHzUD

BNY is always a follower so I would expect workers to be back in the office 5 days by the end of the year.

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Post ID: @1kkn+1iuSHzUD

Why would they pay for your commuter expenses? They didn’t pay for them before. People need to get over the whole WFH thing and go back to the office! Slackers!

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Post ID: @emz+1iuSHzUD

if that's the case then they can pay for my monthly commuting expenses

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Post ID: @mhg+1iuSHzUD

Considering our new CEO is from GS, he may still have GS blood running through his veins. We are usually a follower and not a leader in such matters, so we shall just have to wait and see.

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Post ID: @kvc+1iuSHzUD

They don't have room for everyone to come back 5 days. Already scrambling to have room for 1 day return.

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Post ID: @kdu+1iuSHzUD

Are you asking pre-takeover or post-takeover?

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Post ID: @xrf+1iuSHzUD

@rwv+1iuSHzUD: add to that the fact that many banks own commercial real estate mortgages in their books. No business coming from commercial renters will become mortgages being defaulted.

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Post ID: @bis+1iuSHzUD

Follow the money.
Local stores and restaurants are suffering. They pressure their politicians “do something or you’re going to lose our votes and financial support”. Politicians in turn tell CEO’s get your people back or we’re pulling your tax breaks on leaseholds. CEO’s tell employees “Let’s sing kumbayah as we’re better together than apart” HR tells people back to the office 5 days a week

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Post ID: @rwv+1iuSHzUD

I heard that the new CEO is shooting for a mandatory 5 days back sometime this fall and the only “hybrid” is a temporary mandatory 3 days in the office.

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Post ID: @gjj+1iuSHzUD

Nothing is guaranteed, but full time in office goes against the messaging from HR and Senior Management. They have embraced flexible / hybrid work schedules as a differentiator. I wouldn’t expect that to change any time soon.

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Post ID: @eln+1iuSHzUD

They better- too many people sitting at home doing nothing but eating and watching Jerry Springer! It is time to buck up and face the he”” that is mingling with your beloved co-workers haha!

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Post ID: @fgg+1iuSHzUD

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