Thread regarding Bank of New York Mellon Corp. layoffs

BNY first qtr earnings 4/17

Two ways to look at it if the numbers are not good. Either they wait until earnings date to announce further layoffs to soften the blow. Or, layoff now before earnings to write the losses off as a restructure charge in this qtr. -Either way not good.

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Pretty sure that they have already promised both and more: before earnings, at earnings and additionally as the new normal going forward:

https://www.bizjournals.com/pittsburgh/news/2019/01/23/bny-mellon-seeks-to-right-size-employee-base.html

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