There are a lot of good threads that get polluted by the same low-IQ posters that ramble on about the same thing. But here's what you need to know:
- It is clear the current CEO is trying to drive attrition. That is why quality of life (benefits, ease of doing things, etc) continue to dwindle.
- TG was much better than the current CEO and the one that was here in 2018-2019 (where layoffs were higher than the previous few years), but he was ultimately a lame duck. Layoffs DID happen under his management. January 2020 (before COVID hit) I knew many that were laid off. As soon as 2021 hit, layoffs continued. He was spot in April when he said "no more layoffs in 2020".
- Millennials are pushing mid 30's to 40 to these days. They are NOT the target demographic for attracting "young" workers. Likewise, there are few boomers left - they have either retired or will soon. Gen X makes up most of senior management.
- If H1B workers were that good, better employers would find a way to scoop them up, even if there was some contractual noise to navigate through. For most roles it takes months to train someone to a point where they can handle the basics, so they won't necessarily hit the ground running.
- If you're young and feeling burned out, don't wait for a package. Find some place that will pay you more and treat you better. BNYM is infamous for low salaries so you stand a pretty good chance at finding something worth more. As fun as it would be to milk the company's severance payments for the longest time, you're better off making the jump yourself.
- RTO will be a major factor for retention. Like it or not, if you start to force people to come in more, they will jump ship quicker. Maybe their next gig also includes strict RTO, but if the pay is worth it, then it's a no brainer. BNYM will never compensate people more for having to come in more days.
- This is not a serious place to build your career. Look at turnover rates of senior management. They are here for a few years at an obscene pay rate, but then jump ship when something else comes along. They will not invest in you or your career even if they pontificate it during town halls.