Thread regarding Bank of New York Mellon Corp. layoffs

P-M

Are there any layoffs connected to this platform model so far? Or rumors?

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Post ID: @OP+1vBrI8DY

8 replies (most recent on top)

The fact that the CFO is the face of P-M tells you all you need to know.

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Post ID: @4ccx+1vBrI8DY

I heard a 20% POD reduction after the wave starts.

Also, certain roles don’t exist in P-M that are in place just now - Programme Manager being one. Would imagine these will be trimmed

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Post ID: @3lao+1vBrI8DY

I was part of the first Platform wave, the team had about a 15% reduction. All US based.

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Post ID: @2qbj+1vBrI8DY

@2hvp what’s with the RTO? I know someone where HR reached out to them for further investigation are they gonna be laid off too?

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Post ID: @2plx+1vBrI8DY

When’s activation date?

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Post ID: @2ckj+1vBrI8DY

Yes, a couple of people in engineering, targeted before the activation. One for RTO issues which is so nonsensical.

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Post ID: @2hvp+1vBrI8DY

It’s a 5% staff reduction by the activation date

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Post ID: @1ycx+1vBrI8DY

Yes, count on it. From what I understand, most groups will have a certain percentage staff reduction tied to platforms. That’s life, I guess.

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Post ID: @1dso+1vBrI8DY

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