Thread regarding Bank of New York Mellon Corp. layoffs

M&A? RV is a pathological liar

Focused on organice growth? What does that mean? The right merger candidate has to fit with our culture? What culture? The culture of Hannibal Leckter ? This place is in trouble and a merger is the only way to save face. NT needs to resist this.

// www. barrons. com/livecoverage/ wells-fargo-jp-morgan-morgan-stanley-blackrock-bny-mellon-earnings / card / could-m-a-be-in-bny-s-future-what-ceo-robin-vince-says

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Post ID: @OP+1k0a2hp4v

6 replies (most recent on top)

Merge with the id--ts at Vanguard od Scwab or Fidelity

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Post ID: @10z+1k0a2hp4v

@es you must work in HR because this is exactly what many of us do

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Post ID: @zh+1k0a2hp4v

@ah It wont create a problem, full steam ahead. They are OK with a 1 to 125 FTE to contractor ratio. They've largely given up on attracting their own talent, and the stock rips.

The BNY job postings are akin to Venus flytraps hoping for unsuspecting flies. The real game is 3rd party resources, that is what HR does most of the time.

And if a problem does happen ... you guessed it, they'll hire more consultant contractors to fix it.

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Post ID: @es+1k0a2hp4v

I'll give a lot of things a pass. Most big companies have their issues, but to say BNY has a strong culture is ridiculous. It's a culture of fear. It's all fake and for show. It's amongst the worst I've ever seen. I won't try and say it was unicorns and rainbows even when Gerald was here, but RV has created a problem. It may not be getting to the top yet, but at some point this is going to be a legitimate problem for the company. I want to jump ship asap.

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Post ID: @ah+1k0a2hp4v

A merger wont help unless you get the incompetence out. All they’ll do is bring down the next company with them. Not sure how they are still allowed to continue in their roles destroying everything in the U.S just to be traders and worry about india

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Post ID: @aa+1k0a2hp4v

My team wont last the year, we are stretched too thin. A merger seems the only plan that makes sense, they have leveled us in ops

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Post ID: @a2+1k0a2hp4v

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