Thread regarding Bank of New York Mellon Corp. layoffs

@3ue

Did you make the decision based on the name from the custody ?

The whole leadership in AI has to be looked at. I doubt any of the "leaders" have ever done any hands on work in the field. It shows in the shallow talk.

I’ve never seen this bank so helpless and mismanaged from both horrible management and unqualified workers.

Witness this primal scream from a millennial who has been asked to step into a boomer’s shoes. This will not end well, and it’s happening all over the Bank. We worked like this for

@3pze

“Its beyond awful and draining. Then to have non stop calls as if the rest of us don’t have actually live work to do is ridiculous. Plus they have people making decisions trumping the process and data owners who over see them in production. These fools won’t listen to anything being told regarding issues flagged or how things should work. I dont understand the nonsense and theyre getting all the credit for doing what ?”

Post ID: @3pze”

A primal millennial scream of rage

Can the bank survive without their quickly decreasing handful of boomers?

I predict no.

@1dtw+1te7wMOX - Its beyond awful and draining. Then to have non stop calls as if the rest of us don’t have actually live work to do is ridiculous. Plus they have people making decisions trumping the process and data owners who over see them in production. These fools won’t listen to anything being told regarding issues flagged or how things should work. I dont understand the nonsense and theyre getting all the credit for doing what ?

Not just Sarthak, but they all manage up at BNY. Individual contributors are the at the lowest rung. If you don’t su-k it up to your direct manager, you are toast. There is no team work, no collaboration, just politics.

Pretty sure that we are going to be acquired by State Street, Northern Trust or Computer Share. We’ve had the boomer brain drain and GenX on down have largely failed to step up and contribute.

I predict that we bring back retired employees to right the ship.

We already begged the entire ACH team to return out of retirement to train replacements. They literally named their price and it was incredibly high. BNYM capitulated and paid.

Sadly the Bank can do nothing with technology without their Boomers. It’s going to get rapidly worse as the brain drain continues. Personally I just love it. Let the Fintechs pick us apart as a parts bank.

Sarthak is a joker and all fake - he manages up and created his own group

AI is a se-y sham. Doesn’t work here.

The C-suite executives have no clue as to what they are doing. The bank is being run by 25 year old Harvard Mckinsey hacks.

I can speak a bit about what happened in my group at BNYM. I was a software developer whom used some of AI from Microsoft Azure in my group of developers.
The problem we constantly ran into was management says they no longer want this manual process and instead the process should be automated, also the processes were not prioritized which they should have been prior.
We went to the business operations groups to study and ask questions about the process. We learned that they didn’t know what their processes. This became extremely difficult to automate due to lack of knowledge.
In order to get us all on the same page to make a final picture of what was supposed to be done we all gathered in a “pod”. Everyone was on the same call for weeks trying to get information and the process (even forms approved) quickly. The whole time project was chaotic and this is supposed to go on for 5 years with many different processes to automate.
Also, users kept adding on more requests to the automation tool. The tool last I saw was able to extract data and sent it through many programs pretty accurately.
I left the company, but that had to be one of the worst groups and projects I ever worked with.