are mass layoffs coming industry wide?
12 replies (most recent on top)
Banking Executive have pride, of course they will all follow the leaders.
@2ths, what were you running Exchange on in 1993? Windows for workgroups 3.11? lol
Sure, @2ths.
From https://en.wikipedia.org/wiki/Microsoft_Exchange_Server
Initial release April 2, 1996; 27 years ago[1]
And it wasn't enterprise ready for a decade later.
I know that this tool always says this, but we were running exchange as as an early experience Microsoft relationship way back in 1993. Su-ks to be so clueless doesn’t it.
As the great Elon Musk stated… “As it turns out, you don’t need a lot of people when you’re not manipulating the news for the administration.”
More and more companies are going to find out they can do without half of their employees and get rid of them just like Twitter did.
@2jne, no, you didn't switch to outlook in a year. It took years to migrate all the BNY applications off LN but we had to wait for MS Exchange to catch up to LN so it could handle 55,000 employees.
@2mbi, sorry Mr techie, but LN didn't exist in the 80's. Well, it was initially released in December of 1989 but had wasn't even close to enterprise-ready. Just like Exchange wasn't enterprise ready when Mellon used it for their 15,000 employees.
And we didn't use PPM until after the merger. But I wouldn't expect someone to know that who thinks BEA is a product or that PPM ran on a mainframe.
Worse yet the coffee which these Lotus Notes consultants stole from us was coffee that we, the employees had to purchase. BNYM… the only company for which that I’ve ever worked where we didn’t have free coffee. We also had to buy our own water because Mellon Three had lead pipes. Heck why stop here… we also bought our own supplies…. Paper tablets, pens, sticky notes and even whiteboard markers.
Oh man I remember all of that
"@2mbi"
Those Lotus Notes contractors were the rudest people I ever worked with.
They stole our coffee, took over our conference room, made a ton of constant noise, then we they left there were cases of un-distributed literature that we had to get rid of.
I was glad to see them go, and it was all for naught anyway. Switched to Outlook within a year since Lotus Notes was such cr-p
No, BNYM simply hasn’t kept up with technology. BONY bought Mellon and dragged then back 12 years to the 1980s. Dragged us from exchange to Lotus Notes. Converted us back 3 decades to cheesy mainframe Computer Associates products like B.E.A and PPM.
We’re too big to fail but too archaic to succeed. Our fate is likely to become a parts bank selling off lines of business to Fintechs looking to convert and integrate to their systems.
Of course they are. These banks all share a brain. Once one place does mass layoffs they all do because they can.