There are currently 2799 job openings. Personally, I don't see much sense in laying employees off and hiring new people simultaneously. You?
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@LEMS LOLOLOL!!!!!!
:)
Staff is already plural. “ Junior staffs” makes no sense. Try “junior staffers” to get your meaning heard. The workplace is hard and you need to be able to communicate to make your ideas clear.
BNYM is a public company, not a private company.
Manager cryptically told me I'll be fine. Can I trust her or not read anything into that?
Audits reqs all gone too
Quite the opposite… you should be buying drinks for all of your former colleagues.
Ive noticed my email account shows VVV
should I be worried?
3% is a small number to lay off.
The reason for the job postings is simple. BNYM has already said they plan to cut 1,500 JOBS. Not employees, JOBS!
Expect to see 3,000 - 3,500 employees let go by the time the sl------r is over next week.
Then expect to see 1,500 - 2,000 of the 2,799 open reqs filled for a NET of 1,500 JOB reduction just as the bank stated to the media.
It’s all about how they manipulate the numbers so they don’t have to report to WARN or other governing bodies.
Again, expect 3,000+ gone by end of next week.
What about those who signed a contract but haven't started yet?
Openings? All our recs got canned mid interview process.
The banks is sending a clear message when it makes no effort to allow those on the layoff list to apply for open roles.
There is no such thig as tenure in a private company. The layoffs are 10% across the board. That doesn't mean 10% for each group, but it's going to be close to that. From technology, it's supposed to be non coders. But as much as HR doesn't want to hear, 80% are people who 'volunteered'. And that makes those people ineligible for package. That's the real thread to pull. Someone should poke that bear.
Let me be as clear as I can make it.
Layoff the tenured to bring in the new. When new become the tenured, the cycle repeats.
Seen some "Director" Level "retired" already. Probably a lot in that bracket.
Where are the layoffs and where are the openings?
It is clearly said that they want to invest more in the Junior staffs and target the management positions.
You assume those are actual openings that will be filled.