Thoughts? Any Bank of New York Mellon Layoffs in 2019?
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Honestly, after 15 years here I am just getting tired of all reorgs, layoffs, training others just to take our jobs, etc. The bank has been good to me, but things are changing rapidly and there is so much insecurity around. Maybe it’s like this in all companies nowadays, less stability and everything is managed from quarter to quarter. People do not have a long term view on anything anymore.
I wish if things can be changed but I doubt it. I have a teen twins and I am really concerned for them – I’ll somehow make it and figure things out, but for them it’ll be very hard to start in an economy that’s constantly in flux and with less and less stable jobs. I pray things will change, but I doubt it…
Im hearing the same as other posters. New reorganization is coming in 2019 because of the layoffs. Managers will now be required to have a minimum of 10 direct reports or lose their management title. Severance package is being capped. Work from home is still being considered for elimination. Employees are miserable. Expect lots of talent to interview elsewhere and exit in the new year. Many people in Treasury Services feel certain Charles has delivered a clear message that our business line is about to be eliminated.