Seriously, how is anyone still surviving at that place? When I quit over a year ago, morale was already rock bottom. Now I hear they’re still pulling the same cr-p they did when I was there and then some. Anyone stuck there wanna confirm if it’s somehow gotten worse? Not sure it was possible, but I wouldn’t be that surprised.
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I made the grave mistake of staying here too long. Been here over 15 years and will hopefully have a new job soon. It was really good when I started, but has just took a nosedive.
That might be true at least for Corporate Trust. They tried and failed to sell it couple of times before. Then sold Canadian division last year. They have been laying off experienced staff from US in droves in favor of rookies in Manchester and Pune. Probably that is all part of the strategy to offload this business eventually.
There simply has to be a new merger or sale end game in the future. This current regime and board is an extinction event in progress. We have sheer idiocy as a senior management requirement here along with high pay for incompetence. For all the custody clients and major partnerships, there has to be a better place this is headed to. 241 years is getting undone very quickly as we see. If Lehman , Bear stearns, Enron, Drexel, Arthur Anderson , Enron etc etc can all fail due to mindless bad management, so can this.
Crashing and Burning!
Definitely worse. For a company that goes on and on about increasing efficiency and productivity, they have a funny way of showing it.
I wonder if they're just prepping it for sale? Closing all the minor locations, outsourcing things to India, etc.
If they want to sell, they better do it before the last remaining people who actually know the systems quit.
There aren't many people left on my team, and they keep trying to add people in India who are right out of college and have no idea how to code/test on a system like ours.
There are some excellent technical people there, but we don't seem to get them. The ones they give us are so dangerous we actually avoid giving them anything to work on. When you see someone mess up one-line code changes, they're not getting anything more complicated.
I'm working on my resume. I was hoping to stay another few years, but it's like working for a company run by Franz Kafka with a dose of Heller's Catch-22 thrown in.
Definitely worse than even just 6 months ago. Just when you think it can’t get any worse, it does.
Don't begin your career ar BNY unless you want to earn poverty wages and be subject to lateral moves with modest merit increases for the rest of your time here.
It su-ked 2 years ago too. It hit full malignancy stage with the rise of Robin. What’s pathetic? As more cutbacks, firings, layoffs, stress, pressure and added work come, today will look desirable to some point in the near future 😳
Totally worse. I hate going in as does everyone on my team. We spend most of the day looking for jobs and passing opportunities we find to other folks…there’s a mini network of about 15 of us all trying to help each other get out. Morale is so bad….no one talks, I haven’t seen anyone laugh in months…we are all just waiting for that call…we assume will come as then move our roles to India, because they can’t afford to hire people in the US in case it affects the leverage ratio…that we keep hearing about….. lucky you got out…its now a race to see who on the team gets a role first and if they can take people with them….. horrible place …2 years ago, we loved it here….