Six longtime remote workers were let go the company with nearly zero warning an hour ago.
22 replies (most recent on top)
Then why are there people still working remotely 80-100% of the time? Must be lying about taking care of their sick mother.
When your d-mb as* gets fired it’s going to be to YOU the biggest layoff in 2 years!
You’ve got some interesting math calculations going on.
If you are starting with 54,000 and laying off 10% each year, after the first year you are down to 48,600. After the second year, down to 43,740.
To get to your final total, lots of hiring must be going on to replace the staff who were walked out. You lose a lot of money if you are constantly in the position of training new hires. And it takes time to tell if the new hires will actually be more productive than the ones you let go.
Forced negative ratings don’t necessarily mean the people hit with it were ineffective employees. The team may have already let the weak members go with the remaining staff all strong team members. At that point, you are letting a good employee go just to be replaced by someone in a designated growth location who needs a significant amount of training (and may never reach the level of the person let go). That’s a gamble that could certainly backfire.
Guy in my group was ax’s simply due to job grade & location. Not performance or RTO - so the a--hat on here day after day, talking about no layoffs or only being let go due to lack of RTO compliance is full of it - but he knows that… He doesn’t even work here any longer
Simply posting the facts in the hopes that you all realize how very good you have it with unheard of job security by any historical standard
@2jqb - You certainly are imagining the layoff numbers of "10% per year, every year". Here's an example from the Pittsburgh Business Times showing at least one year - 2004 - where you are inflating the number to suit your imaginary 10%:
" Employment at Mellon declined by 400 during the fourth quarter of 2004 to 20,900. During the year (i.e., all of 2004) , the company reduced headcount by 1,600 or 7 percent."
Seven percent does not equal 10%. Please stop with your imaginary numbers.
42- nobody cares about what happened in 2000. It’s irrelevant to the people losing their jobs now. Don’t understand why you insist on posting the same irrelevant thing on every thread every day
Imagine 10% per year, every year, from 2000 to 2008, no exceptions.
So, Just how did you think that the boomers at BNYM took the employee count from 54,000 to 51,700?
Hint: thousands of employees being walked out of streaming out of all properties in Pittsburgh.
Keep in mind the 30 of the 600 in March is one time. There has been several layoffs in Oriskany prior to and after that time. So much so that it was a ghost town before the employees were told to work at home because the building was being sold. Working remotely = not by choice
The problem is less the number of people let go, as the quality of the people let go. BNY training and resources leave a lot to be desired and to take people with years of knowledge that isn't in any trainings offered here and lay them off with no notice and then announce that the "survivors" will be training new hires soon...well who is available to do the actual work?
30 were listed on the WARN notice in March for Oriskany - out of 600 that’s 5%. Over a few months, it doesn’t seem horrible, but it’s 30 people who many of us worked with daily, people we knew, some we respected. These are still people and when people say .5 isn’t that bad. It’s still a person.
How “uniformed” haha and YOU’RE calling people names?! Haha clown 🤡
Hopefully my former manager was let go
@whm+1sZvSali - if you were in PA then it explains the d-mb comment about oriskany. Please explain to everyone how the oriskany folks have to tell the PA, india and NYC folks how to do their jobs.
You clowns that keep saying must be in Oriskany need a clue. Oriskany isnt the only location fully remote. Just shows how uniformed you tards really are.
Heard about 2 people today let go (Oriskany) both in USD/Domestic Investigations side.
Half my team within CAO is fully remote
Must be Oriskany based right? Told ya that BNYM doesn’t do remote - they want you in the office 3 days a week - no office = no job.
If they had “remote” I would still have a job because my job title/description is open in Pittsburgh and LM
@yfc *20 superior humans.
6 gone US equals 20 hired India
Well with the rebrand they did this week, I guess they had to recoup some money. smh
Wow, that right there is the largest layoff in over two years.
What team if you don’t mind relaying?