Everybody and their mother knows that attrition is as bad as it has ever been. But the attrition rate isn't the real story here. From where I’m standing, what’s been happening for more than a year now is that we're losing a high number of our top talent. That kind of loss hits much harder than a typical attrition rate. I wish somebody at the top would realize this and try to do something about it.
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We don’t have “Top Talent” because good talent wouldn’t work here at BNYM.
BNY Mellon top talent is an oxymoron.
Welcome to how regrettable attrition works…
If they were concerned about retaining top talent then we would not be in this current s*** show. They know what they're doing and it's intentional.
@tty+1uE4NJNm, that’s how it is now. It’s not no -producers anymor
A couple of weeks ago, someone I had worked with for the whole ten years I have been with the bank was laid off. I STILL went to her for help from time to time, and I never knew her to turn anyone away, and the clients loved her. Probably not the best person to let go.
hnt+1uE4NJNm
There will definitely be offshore layoffs once they get AI where they need it. Anyone or anything biological that consumes payroll, benefits, office space and free coffee anywhere is a target.
Resistance is futile.
The top is happy about it. Top talent means top money. They’re honestly hoping the future of AI will save them. I’m sure they’ll be offshore layoffs too once they figure out and proved whether or not AI works.