Thread regarding Bank of New York Mellon Corp. layoffs

The vibes are off here….

I’ve been here for little over 4 years and I’ve been getting weird vibes lately from management. Goal planning continues to get pushed back, more pressure to move things offshore + the amount of business we have been losing. Anyone else getting strange feelings like something big is coming down the pipeline?

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Post ID: @OP+1rkBBRnW

12 replies (most recent on top)

Honestly can’t comprehend why lifers will NEVER leave. I’ve helped so many folks here over 12 years… but I’m not a psychologist. I’ve tried but Just can’t do this any more

Good luck to all of you. My only advice is to grow up and emulate the boomer work ethic.

If you cant do that, then you’re doomed to a very hard life.

Truth is truth. Good luck

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Post ID: @gkys+1rkBBRnW

@7whx

Every lifer says that every year on this board. It’s a big world of opportunity out there.

I know so many who always had an imaginary reason for not looking. In the last 10 years I was shocked by how afraid they were to jump jobs.

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Post ID: @bkpj+1rkBBRnW

I feel sorry for the lifers. They’re in denial of a hot job market, and so many of them adopted the same denial over the last four or five hiring cycles.

Do your own research and don’t be a lemming.

NOW is a great time to job search.

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Post ID: @8cgd+1rkBBRnW

What are you talking about? Layoffs are rampant in financial services and the job market is most definitely not “hot”

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Post ID: @7whx+1rkBBRnW

Well it’s an extremely hot job market so people are taking advantage of it and leaving.

Pro tip: network with current and other coworkers and don’t be afraid to job search.

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Post ID: @7upj+1rkBBRnW

It’s mid-March and we haven’t even set 2024 goals yet, and goals need to be wrapped up starting in October. It’s a joke. You don’t have time to complete the goals, and if you’re off-target you have no time to correct course. Why even bother doing 6 mo goals - and give up on the other 6 months? We waste more time doing the process than we do acting on what’s in the goals. I don’t even know what’s expected of me.

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Post ID: @4zde+1rkBBRnW

LOL… I reported up to NYC Nimrods (that’s redundant, I know) and I’ve never once had my yearly goals before November.

Goal planning is always ignored.

Next please?

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Post ID: @4rtj+1rkBBRnW

@zqz

Couldn’t disagree more. The company is only losing the slackers who refuse to even come in to do their jobs. Robin has his finger on the issue and we’re going to get a healthy bank back. It’s going to take a lot of terminations for cause but we’ll do just fine.

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Post ID: @3pou+1rkBBRnW

Hence why they pushed back the Town Hall

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Post ID: @jpe+1rkBBRnW

Company is losing a lot of good employees with the focus on rto terminating workers with no transition plan only snowballs the work onto others and makes things worse for everyone. Unfortunately the company values badge swipes and cubicle occupancy over quality of work.

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Post ID: @zqz+1rkBBRnW

While I agree that the industry in general is under constant pressure and there are layoffs everywhere, it does feel like there is something deeper going on here right now. Too many people leaving too quickly, confusing and inconsistent messaging from executive management, decisions that don’t make sense from a big picture perspective, etc. Things are off the rails in a way I’ve not seen in my many years here (no, I’m not Boomer 42). Clients are noticing and concerned. Something has to give before it’s too late

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Post ID: @nyl+1rkBBRnW

Welcome to the Finance Industry! It’s the same everywhere. Just read the News. Citigroup is having mass layoffs.

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Post ID: @vkc+1rkBBRnW

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