Bank of New York Mellon Corp. plans to cut about 3% of its workforce this year, or some 1,500 jobs, in its bid to streamline expenses, people familiar with the matter said.
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This is probably the most over hyped 3% layoff in the history of overly bloated financial institutions with a lack of modern systems. I’ll never understand why Regelman as allowed to squander all of funding he received to automate operations processes. And why doesn’t the CEO and the CIO demand answers for the failed automation?
I’m all for weeding out the cr---y employees cause anyone in a mgmt level knows HR makes it virtually impossible to drain the swamp. And don’t think for a sec none of you don’t know of Atleast one on your teams that falls in this category and either can’t do the damn job or have the worst attendance ever
Tim cook is still getting 49M+.
Nana nana nana nana
Nana nana nana nana
Robin!
A better question is why are there 2800 job openings posted yet laying off 1500?
@irs with new CFO on Board from GS don't see it is happening . Both the CEO & CFO are from Goldman. Do you see where are we heading ?
Tim Cook from Apple just volunteered to cut his compensation by 40%. How much do you think our leader, which surely will lead by example, will volunteer to cut his compensation by?
H hi is bout they cut some executive pay & comp