Thread regarding Bank of New York Mellon Corp. layoffs

That's like saying the rich got most of the tax breaks. Take a look around and all you'll see are old people. So who do you think will be most likely to be fired?

Meanwhile it's also the same Boomers who sent our jobs overseas and demanded we all work in office. How ironic.

Maybe you should pull yourself up from your bootstraps.

At 59 years old, I was only there a year when let go. The explanation was "it's not performance related, just downsizing" "you're still eligible to apply for other positions in the bank". I can't begin to count the number of applications I made to the insane number of postings I saw, and never received a single reply. If it wasn't performance, then it had to be "demographic"

I worked in Pershing IT/PMO and yes, all the names I heard this week (I had already been canned in September) were older associates. Of course, someone from outsourced HR made sure those numbers were counterbalanced, but still...

it's almost like the young h1b's/offshore layoffs are there to balance it out against an age discrimination lawsuit? hmmm...

If you feel that those over 55 have no drive, what do you recommend that someone who is 55 and has a full retirement age of 67 do for the next 12 years? The majority have to work and the only ones who received a full year package are those who worked at BNY Mellon for over 25 years.

To. Post ID: @fyv+1kKdc4af
News flash. Not everyone who was let go wanted to be let go. I know three people who were blindsided yesterday. All three were in the 55+ age. Your statement that a manager can question the drive of anyone who is 55-60 is proof of age discrimination.
Many people who are that age have kids in college and other expenses.
Yes, there is something broke here. You have an idealist view of the bank and management decisions.
Your view ain’t the reality of working at the FIRM.

I do not understand the OPs rant here. The ones I am aware over 60 were "happy" to go. Many "requested". They have their nest eggs and it is a juicy package - one year of paid vacation for many. Many had downsized (they know where we are heading) .They also operated "remotely" with the really flexible WFH policy. FL / NC low cost states.

I do not know whether they all "quiet quit". But they are not looking for a career here after they crossed 55. If they were, 100% they are fully equipped to find another job at the drop of the hat and are not worried about BNYM / Pershing position.

I know this will be overwhelmingly down voted with lots of angry responses. But the truth is - if you are not able to recommend this firm to a newbie then why are you here.

Most of the 55+ are "typically" non-coders. And except for a few, they are all using technology that is on its way out - slowly but steadily.

If by 55-60 they are not in upper management - minimum M - but are stuck in K or L - they are the prime targets. As a manager one would question their drive. And the managers do not make these decisions easily. Most of these folks worked with them for years

It is not HR it is your manager. If your manager is putting you on a list - you are already in a toxic environment. If your manager wants to get rid of you why would you hang in there. If you really wanted to make a move to other departments why wait till now ? Why did you not have this conversation with your manager? What is the fear ? Being fired - you are already on the list (or you can sense it).

Having a conv. stating that you do not want to be laid off is a win-win situation. Either the manager acknowledges or you know your boss wants to get rid of you. If you cannot talk about this to your manager when you are in the 50+ age group , sorry, there is something really broke here.

HR is well aware of how to play the system. There will be a mix of ages so there can be no age discrimination lawsuits. Most likely this holds true for race.

I know 11 people- 2 women, 9 men- all over 50 in this group of terminations.

Not boasting! I did say those words in the last peak on survey . Then our director replied me saying I want help you please schedule a meeting .. and I will after I find a job.

h1b workers are all under 30