Learn to behave accordingly. Live below your means, make sure your resume is updated, and always keep looking at what's available even if you are not planning to leave just yet. That's the only way to survive with your mental health intact in the current working environment.
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I have no people now, and never hounded people when I did. I hired only solid employees with a great work ethic, intelligence and solid skills, gave them ownership, worked shoulder to shoulder with them and always rewarded them. We were almost like family.
From your attitude and entitlement mentality you wouldn’t have fit in on those teams.
I would never hire an apparently toxic employee
I highly doubt it. We haven’t had a layoff greater than 1/2% in over a year.
@2FYW, if you want us to be nicer to your people, you could drop your arrogance. If by running circles around US workers, do you mean by hounding us to death about deadlines that are not even close, putting out useless reports, and using MS Teams to reinforce these fake deadlines all while being totally unable to execute……well then you got me.
Sadly it’s true… even as the layoffs get ever smaller and rarer , the more people obsess about them. Does anyone know the medical mental issue or this? I’ve forgotten it.
@OP gives the essential wisdom gleaned from stories and lessons learned from the Boomers over 40 to 44 years.
The problem is that it no longer applies in the current low layoff environment, which is at the lowest level in any of our careers.
US employees believe they are entitled to a job. And that too in a capitalist country. BNYM is here to make money for its shareholders. You are just another tool. Whatever level you rate yourself may help your self esteem and satisfy your ego - but from the Bank's perspective you are just another tool. When you are useful and needed they use you or if they can find a cheap Chinese alternative they go for it.
You can whine all you want. Call them myopic - no long term vision yada yada ..
But they are required to deliver to their bosses - the stock holders . Your fight should be with those proxy voters and replacing the board that provides you a welfare-entitlement- mindset EC.
If you cannot mobilize that you have to accept that you will be replaced by the cheap but performing Indian labor force. You can cry all you want. Show that at the voting booth and elect a Government that bans shipping the job overseas and making the company share holders wealthy.
Why is it so difficult to understand for the non-Univ-of-Phoneix smart people (may be the Harvard education has blunted their common sense logic)
Ditto on the trash can comment. It is crazy how we have to walk down the hall to get to a trash can and we have no supplies. I get the message that we are trying to get to a paperless environment but sometimes there’s just no substitute. I can’t even get a pen at work so I make sure I bring my own.
Mr 42 my group went from about 80 to 8 over the course of a few years. That percentage drop looks pretty high to me. They hired the replacements in India and Poland. If you’re looking at the percentages company wide, it’s small since offshore is growing. If you focus on the US, the percent drop is much higher. You just like to argue with people. You don’t work here and have no idea what’s going on. Your opinion is invalid. You're basing it off a time that’s no longer relevant. Back in the day, we would have various periods of layoffs and freezes and as things got better we’d be able to replace them. There is no replacing now. It’s just bare bones. Go enjoy retirement, boomer, and get off this site.
@1woh Do tell - you can’t keep us in suspense like that!
Sorry; typo in my : @1woh post: it DOESN’T look like large layoffs, because the jobs are shifting. Doesn’t mean that those displaced aren’t having their lives blown up.
It does look like large numbers of layoffs because they’re rehiring in India, Poland, etc. It doesn’t mean that many people are not losing their jobs in U.S. and EMEA. Those jobs are just being shifted. So the net zero doesn’t look on paper like a huge layoff and isn’t triggering to the markets or media (not that the media cares about BNY at all, although next week I guarantee we will be ALL over the news, mark my words HUGE news).
From the 2000 Y2K crash to the 2008 CMO Toxic assets era we displaced 10% per year, every year, no exceptions. Simply trying to get out of the buildings on displacement days was like trying to get out of a large rock concert.
I'm sure it will end when the last US employee is fired.
I'm convinced that Robin is downsizing the bank to be acquired.
maybe they should cut down on directors reporting to directors
When your department goes from 130 to 28 the quarterly layoff number gets smaller, it doesn’t mean there won’t be layoffs it’s just basic math
Pretty much anyone with solid skills, a solid performer and an effective communicator has left by choice over the last 4 years.
Pro Tip… self examine to understand why you’re terrified to leave… and then knock those bogeymen down and leave.
Nobody that I know of has ever regretted leaving BNYM. I left three times and twice came back.. They use us, I used them. All that it takes is a solid skill set, confidence and an effort to network and job search.
It’s amazing how shortsighted the supposed leaders are at this place
big push for crammed in like sardine open floor plans which are now making certain areas non compliant with information barrier policy.
Great leadership
Which department are you talking about?
To the supposed expert on layoffs during the past 42 years, my department is being hit with another 10% layoff next week That makes a 30% departmental cutback in less than 18 months in the US. None have been let go due to non-compliance or lack of work ethic. Those employees have been replaced by new hires in India. It is simply a cost cutting measure with no loyalty to the employees here. Should be a warning flag to the employees in India. As soon you start looking for higher wages, BNYM will no doubt find someplace new where they can cut pay rates.
By the way, the past tense for layoff is laid off. But you are a know it all. Probably the same person who feels the need to take shots at University of Phoenix.