Thread regarding Bank of New York Mellon Corp. layoffs

What can this place possibly offer now?

Other big banks pay a lot more and have more career opportunities. Layoffs also feel less common. Here I feel like they do it every month with February, May, August, and November being the bigger months (especially around Thanksgiving). Work/Life balance used to be decent here depending on where you were, but that went away over the last few years, but the 3 days a week was a nice balance. Now that that’s going away, I can’t fathom any reason to stay at this dump.

by
| 11584 views | | 11 replies (last ) | Reply
Post ID: @OP+1jtce8ybq

11 replies (most recent on top)

Taking remote calls in the crowded, dirty , noisy office with people in other time zones is awesome. Very beneficial 😏

Definitely couldn’t do that from home…. Except on the weekend

by
| | Reply
Post ID: @ne+1jtce8ybq

I'll be so happy when BNY can entrust the entire operation to Ai! No untrustworthy or unreliable humans to get in the way. No capex and very little opex: Profits ONLY.

by
| | Reply
Post ID: @n8+1jtce8ybq

Only pain and suffering. Sadists all of them.

by
| | Reply
Post ID: @jf+1jtce8ybq

@c6+1jtce8ybq
A few things to add to your list…

Totally unstable workplace. Fear of job loss is used by management as a control tool.

Projects and tasks have no ownership. They are all run by committee and po-m

Projects and tasks are made unnecessarily difficult thus making this place a torture chamber

No chance of career advancement

Kind, growing, giving managers now extinct and replaced by bullet heads who believe in going h.a.m on everything

No human experience and interaction. Everything has a vendor app or email request to it.

Work should be fun. This is a universe away from fun

by
| | Reply
Post ID: @cv+1jtce8ybq

When they close my site, my commute will more than double and I will be forced to report to the next closest site. I would be better off if they lay me off.

by
| | Reply
Post ID: @c8+1jtce8ybq

This place offers very little.

We have lost flexibility
Compensation does not equal our work
Zero job security
Sites closing
Reduced benefits

by
| | Reply
Post ID: @c6+1jtce8ybq

A lot of places still offer free coffee. Mind you it’s usually the cheap flavia packs but it is still something. What’s next? RV bragging about how there’s bathrooms on every floor?

by
| | Reply
Post ID: @c2+1jtce8ybq

To be fair: Yes for $3.9 billion.. Innocent!!!!

“ The move comes after G.S. agreed to pay $3.9 billion to Malaysia to settle a probe into its alleged role in the scandal involving the fund, 1Malaysia Development Berhad (1MDB), which counts former Malaysian prime minister Najib Razak as one of its co-founders.”

by
| | Reply
Post ID: @ac+1jtce8ybq

@aa+1jtce8ybq To be fair, the charges against them were dropped:

https://www.reuters.com/article/world/asia-pacific/malaysia-drops-criminal-charges-against-goldman-sachs-over-1mdb-bond-sales-sta-idUSKBN25V0KF/

by
| | Reply
Post ID: @ab+1jtce8ybq

Captain R.V. & team are trying to prop the stock price as high as they can by eliminating “expenses” (US workers with benefits) for their exit strategy and/or possibly selling what’s left of this place before they leave. They don’t care about anything else. They’ll all get rewarded, the people who spent years making the machine work will be living in their cars. He’s a fraud, putting the PR spin on TV with hollow catch phrases like it’s gospel. I guess criminal charges got glossed over on the resume before being hired. Ask him about 1mdb next meeting.

https://theedgemalaysia.com/article/17-former-and-current-goldman-sachs-directors-slapped-criminal-charges-over-1mdb

by
| | Reply
Post ID: @aa+1jtce8ybq

Free coffee!

by
| | Reply
Post ID: @a2+1jtce8ybq

Post a reply

: