Thread regarding Bank of New York Mellon Corp. layoffs

Not enough people doing actual work

Feels like there are way too many people just focused on meetings and reports instead of actual work. Lots of folks trying to cut perks and push people out instead of helping. The worst part is how it slows everything down and makes things harder for newer employees who don’t even get to work with real leaders anymore.

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Post ID: @OP+1k0s2zc8x

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AMEN to this post. There is so much less real "work" getting done now than just a few years ago. Everything is slower. Everything is more difficult. And there are far fewer people available to get actual work done. The "process" and "administration" are now more important than the results.

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Post ID: @hc+1k0s2zc8x

Yes! WAY too many people here whose only job is to produce reporting for management.

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Post ID: @gr+1k0s2zc8x

For the down voters regarding R&C posts - prove us wrong. What are the high risks for your business? Is the risk owner aware they own the risk and are therefore responsible for controlling it ? What controls are in place for these high risks. Who are the control owners? Are they aware they are owners? Is it identified who performs the controls, how they perform the controls, the frequency of performing the controls, etc. Has someone in R&C asked for evidence showing controls are in place and being performed as described????

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Post ID: @f5+1k0s2zc8x

And now on top of the "free" coffee we have the "free" barista bar with people standing in line for who knows how long to get their latte frappuccino fix. Don't these people have work to do?

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Post ID: @c0+1k0s2zc8x

Risk and Compliance - Check the box folks. No clue on what are the highest risks or what controls are needed to mitigate them. Would bet that risk list is outdated and very few if any gaps have been identified. Like I said, check the box and report ‘all good’ to senior mgmt. No challenge from that group either.

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Post ID: @b7+1k0s2zc8x

Risk and compliance - we can start with three of them in every call. One from tech risk, one from business risk and one from compliance .

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Post ID: @aq+1k0s2zc8x

We have Eliza and her clones. Like the Keebler elves, they will bake all the cookies and get it done for shareholders. RV doesnt like people.

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Post ID: @ab+1k0s2zc8x

It amazes me how many people are paid to talk on calls every minute of every day.

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Post ID: @a7+1k0s2zc8x

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