How can so many folks think layoffs at BNY Mellon are a temporary situation? When people keep asking if layoffs are done, both here and elsewhere, I have to wonder where they've been for the last few years. Layoffs will never end. The best we can hope for is a few month's reprieve here and there. Outside of that, they are always a possibility. You have two options. Learn to deal with it or leave. There is no door number 3.
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Ok, clearly you have an axe that you want to grind and yer gonna grind it…
So, yes, Raises were not good over Covid WFH …… they were sub3% AS USUAL.
The whole point of the conversation had been that had been that during COVID raises continued as normal. Am I getting through to you Mr. Beale?
Layoffs are now so rare that all should be virtually stress free. A lot of boomers faced severe adversity for decades to hand over a virtually layoff free Bank.
You’re more than welcome…. Enjoy the stress free ride which we handed over.
Raises were not good over Covid WFH …… they were sub3% as usual
This is true. Raises were good over the WFH COVID era, and we all enjoyed WFH. Additionally we accepted Trump Tax reform stimulus money with he caveat of no displacement. The Bank blew the money on a hastily and poorly thought out server migration.
To their credit they also elevated all employees to at least the minimum pay of their grade. I’m still amazed that people were paid below the minimum of their grade. It really tells all that you need to know about this dump.
“Is it layoffs or offshoring?”
Not clear what you’re asking here.
Offshore workers are Bank Employees…. They are every bit an employee as (I assume) you are. Stop dividing people and let’s all work together.
Sorry, but this makes no sense. WFH was never used to justify lower raises and bonuses. We received pay with raises as normal through the entire pandemic.
But there were performance issues over the two years, as would be expected, so not everybody was happy.
@fthi, but it wfh WAS used to justify lower raises and bonuses. If they're going to enforce rto, I should get the salary increases I've missed out on the last few years.
The firm created this “ toxic” attitude we employees have by continually reducing benefits and poor treatment for years and years… And this was starting well before RTO
I read these posts and I’m actually sorry for Robin Vince. Boy did he inherit an ultra toxic population of employees.
Apparently Todd spoiled the Bank’s employees.
“ BK treats people like inanimate objects and makes them suffer before they're loaded on the exit train”.
Hyperbole much?
Offshore resources are every bit employees of the bank, just as you are.
We haven’t had layoffs this year. We get much greater expense savings by terminating RTO violators without a package.
We should all be able to agree that this is a good thing.
@2ldq, right, just dismiss the quarter of a billion dollar severance charge we took in 2023. You should take a trip to the clue store and get one.
Stop scaring people. It’s neither layoffs nor offshoring. It’s termination with cause for violating our simple RTO requirements.
Why not take the high road and initiate a job search for a fully remote position?
Your “pertinent facts” are neither pertinent nor factual and you aren’t wanted here. Find a hobby and go away.
Peoples jobs are still being moved offshore so there are still layoffs. It might not be big to you but they are still there.
We overthrew BONY and their beloved Lotus Notes in 2008 and dragged BONY kicking and screaming into 2000 and Exchange. We never were able to overthrow their beloved Computer Associates Products like BEA and the like. What clowns we have in New York.
Dear Mr 41 years. Quit trying to speak for 50,000 people, and for the love of all that is holy, get your head out of the Reagan era. Hem the cuffs on your wide leg trousers, put down the Palm Pilot, turn off the Lotus Notes, and join the 21st century. Nobody. Cares. And also, we heard you the first 700 times.
People don’t seem to understand that we aren’t laying off. It may feel good to say that but the reality is that the Bank is terminating for cause. Robin may just save this Bank after all.
Don’t know why @ojo thinks he/she can speak for all departments. Ten percent laid off in my department. All got sub benefits. Not even one got fired for cause due to not complying with RTO or any other corporate policy. We all know that every department gets told that a certain percentage must be rated as not meeting expectations - whether they do or not. So it is the weakest link but that doesn’t necessarily mean that they are weak or not performing satisfactorily. Just that someone has to be rated that way.
From a worker and productivity standpoint we’re never going to get past the exodus of our Boomers. Not seeing anything resembling a work ethic from GenX on down.
And there he is, right on cue.
I think things will get a little better when the Fed lowers interest rates
@op, normal companies plan how much they want to spend on employees and adjust levels periodically. BK treats people like inanimate objects and makes them suffer before they're loaded on the exit train.
@xgf, both.
Is it layoffs or offshoring