Thread regarding Bank of New York Mellon Corp. layoffs

Whats a team that causes a pain point in your process?

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Post ID: @OP+1jxwy5ah6

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Everyone for me, but the problem is not a "team" per se. It's the fact that a lot of people are still working from home, and sending a message through Teams or having a Teams video chat sometimes doesn't work. This is why I really think there is actual value to returning to the office 9-5 pm, 5 days a week, to have a face-to-face with your coworkers.

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Post ID: @164+1jxwy5ah6

Finance

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Post ID: @z7+1jxwy5ah6

Post ID: @hc+1jxwy5ah6 The problem may be you since you just listed an entire line of business and not an actual group. Seems like a communication issue that you are contributing toward.

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Post ID: @v2+1jxwy5ah6

Accounts Payable for me. I used to get a monthly file update from an outside vendor, but because they haven't paid the invoice for the past few years, we don't run the update anymore.

It's only a few hundred bucks a year, but they could never figure it out. All the managers who were above me in the chain of command have been laid off in the past three years, so now I'm the only one who knows we're even supposed to be applying updates, and no one's asked me about it since 2022.

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Post ID: @k2+1jxwy5ah6

Treasury services, can’t get basic services to work. Clients can’t process wires and can’t figure out a fix.

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Post ID: @hc+1jxwy5ah6

Product, no clue about the product capabilities.
PMO but they seem to be on the way out with P-M.
GFTS, so slow and inefficient.
All the teams who beat app teams with a stick to get things done and then take the credit for the work.

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Post ID: @h6+1jxwy5ah6

Tech risk . They don’t (need to) exist. Did not find a single thing

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Post ID: @fp+1jxwy5ah6

Accounts Payable is a hot mess.

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Post ID: @e2+1jxwy5ah6

I agree on Product from the perspective of AS. Investor Services has a ton of knowledgeable people but senior leadership is incredibly d-mb. They got rid of the guy who knew everything about the US business a few years ago.

Fund Accounting/Admin and Custody are clueless across the board. They own a lot of their numbers and cost but they can’t explain a lot of it or simply say “I don’t like it”.

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Post ID: @dn+1jxwy5ah6

HR

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Post ID: @dm+1jxwy5ah6

Credit services. They make massive messes, we have to clean it up and they take the credit

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Post ID: @dk+1jxwy5ah6

risk

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Post ID: @b8+1jxwy5ah6

Accounts Payable

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Post ID: @b4+1jxwy5ah6

Data

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Post ID: @b2+1jxwy5ah6

Product. They are always a large bottleneck and don’t have the level of expertise that they should have.

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Post ID: @ah+1jxwy5ah6

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