This whole "everyone else is doing it so we should too" logic is complete nonsense. If you look at the Fortune 500, about 10% are fully remote and nearly 80% are hybrid, mostly with two or three days in the office. Choosing more than that and pretending it is the norm is just a lie.
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@aq commuting? Welcome the world of grown ups. Snowflake.
@am maybe you should be working for some bull$hit NGO and sit at home making tik tok videos. Your job is in the office, be there it be gone.
@bd they don’t have to prove it is a necessity. They pay you to COME TO WORK not to sit in your home. take off your PJs and get to your desk.
Stubborn Boomers? Do tell!
But muh free coffee!
@OP it’s nothing but a humiliation ritual.
42, stop lying like you work here or are relevant. Get counseling too.
@b7 of you didn’t factor in your expenses (parking, commuting, etc) you are the id--t. I bet you don’t complain when you belly up to the Starbucks and order a $12 drink and get it for free.
@em there is no hiring freeze. My business partners who keep trying to steal our processes just hired multiple people. And not in the “growth locations “ either. It all depends on what bs your reporting mgr is spewing. They dont give af if we can do our but dont mess up cause theyll be all over your a-s
You don’t have to come back to the office; go find another job. If you are as good as you make yourself out to be there shouldn’t be any problem. If you want to continue to get a check from BNY you need to come to the office. Put your big boy pants on and stop bi--hing about it.
@at I said it myself going in to the office this past Friday. This is all a charade. No one, and I mean no one is “collaborating” at the office. It’s the exact opposite everyone is miserable. Just as the push to implement AI, because it’s to lessen your workload, these are all ways the bank is trying to get people to quit voluntarily or lay even more people off. If they wanted to lessen the workload they would allow more hiring, instead we are told there is a hiring freeze across the firm😡But hey the bank has to figure out how poor Robin can survive on a 15 million base salary, which goes to 30 if he meets certain incentives.
The origin of RTO mandates: Marissa Mayer. When she took the helms at Yahoo in 2012 after being at Google, she sold the idea to the board that Google's recipe of delivering cool and desired products depended on "people getting together" and collaboration.
She immediately banned remote work and if you were not in office, you were let go.
Since then, many companies have used her approach as a way to reduce payroll (and not pay severance).
Even if they can justify that it’s absolutely necessary for us to be in the office for creating better products and services - and they can’t, they lose because the office is a slum. These BNY offices are actually hideous, uninspiring and anti - humanity. All these pathetic places having an India call center look. Where rows and rows of picnic benches go on and people look like crop of potatoes in a field with headsets on….
BNY sure isnt making it attractive or investing in it to make it creative and fun. Heck, the bathrooms alone are unsanitary and grounds for being closed down.
They want people in office cause they dont care the cost of commuting when they make over 6 figures and have reserved parking so dont to pay to park. There is no in office collaboration when everyone you deal with is another state or country. Then to make matters worse people who were commuting have been forced home ft cause they close buildings they own just to lease in high cost locations. Let them sit empty while complaining you have staff wfh that you caused. Makes total sense
I contend that the seniors pushing RTO enjoy the in person bowing and scraping and deference paid by all their subjects in their fiefdoms.
As one poster below said, ‘it’s a tool to force people out’. 100% true. But there is more too. These big banks and IM’s all have a heavy headquarters footprint in blue leftist run cities. And in those cities, commercial real estate is suffering because it is obsolete and archaic. Look at the big skyscrapers in these dumpy ciites. They are less than 50% occupied and I am being generous. Look at the 500 Grant street tower in Pittsburgh. It may as well not even exist. BNY is part of the team of big banks that are quelling the irritation with the political
Leadership in these locations to keep tax breaks and honey property deals until they can Pull out of these places. BNY has to ‘look the part’ and make it appear they support big blue cities and their ruinous MTA and spending policies. However, the genie is out of the bottle. Collaboration and team spirit are just lies and garbage responses as to why people need to be in the office 4 days a week. If one needs to be in 240 Greenwhich 4 days a week, then you must really question, ‘why? And what am I doing here that I cant do remotely?’ And finally ‘why am I spending more money on less paycheck and what am I doing to my life?’
@aq Any update at Wilmington location?
@am what are the boomers stubborn about?
I really think RTO is just another tool they're using to force people out.
The people who used to work at the King of Prussia location (and live in the area) now spend upwards of three hours a day in stress-inducing traffic driving to Wilmington. I'm sure that's just great for productivity and morale .
Unfortunately the majority of large banks are RTO: BNY, JPMC, WF, GS, MS.
Citi is also hybrid but based on some contacts there they have been not enforcing the number of days to be in office. Some told me Citi needs new people to take it out of the risk and compliance mess so they are on light hybrid schedule.
It's a combination of stubborn Boomers and the corporate real estate racket. The leadership is out of touch with the common man and just assumes everyone should waste money on gas, tolls, and parking.