Even without the layoffs, the turnover rate was higher at BNY than anywhere I’ve worked before. A lot of people struggled to keep up with the fast pace, while others figured out their role was focused entirely on sales rather than customer service and bailed. Not to mention, new hires didn’t get enough training to feel confident in their roles, which made it hard for them to stick around. I got tired of watching so many people come and go and I decided to follow suit and find something better. It's been a few weeks and I'm still happy to be gone.
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There are no “tenured employees”, nor are there any benefits due to tenure. Tenure is an academic measurement for unionized academics. It is modeled on socialism and it has been a real problem in the U.S. and the prime reason for our rapidly declining educational system. This is true of K to 12 and colleges…. In our ex-finest universities, led by Harvard, Columbia, etc. the primary education focus is apparently now teaching, supporting, and inculcating anti- antisemitism, specifically Jewish
And people here believe that they are educated far better than those in India? Oh no, you are falling far faster as India only gets better.
But hey, there's free coffee!
People don’t leave bad jobs…They leave because of bad bosses and poor management who don’t appreciate their value.
Currently the whole population can be divided into following categories
- Long tenured well oiled work horses waiting to be laid off to get a good SUB. That is their golden parachute and age is the factor that is working against them . They are there but not really motivated. Looking for the oncoming train
- Folks who are hanging out because they cannot find another job and they know how to work the system here.
- Young blood, inexperienced and do not have the work ethic of the previous generations. Simple reason - big money and no work as the older workers are unwilling to train them (hoarding may be a reason or truly they do not have time or the younger ones are not interested)
- The caught in-between all these crowd. Ambitious but have a very dysfunctional work force with no leadership disrupted by the P-M approach and the ensuing chaos .. They need a career to build and are in the wrong firm
Every where one notices, deliveries are meaningless - the velocity is increasing but no value is being delivered. Leap of faith as requested by the leader implies that P-M is a gamble.
So it can swing two ways - Tenured knowledge will walk and the P-M will reinvent the wheel and get the clients work with it
The most possible - as clients may not invest to change based on our model - is that the clients will leave along with the knowledge employees retiring / laid off / walking resulting in significant losses
But it is not going to happen overnight. It will happen in 2-5 years span . By the time other factors including political climate will come into play and senior leadership would have walked with their hefty pay packages.
Did you get laid off today?
OP,
You are a success! Of course you are happy to be gone. This is a bad place now. Once upon a time it was a great place to work. The projects, training and people were interesting and it was one big team. Now, there are too many cut throat, lead head, ill mannered managers who compete with other bad managers and abuse a declining pool of SMEs. The joy has been su-ked out of everything here. When the right opportunity comes elsewhere….. Bam! And forget!
Make America great again