There will be another big layoff coming the week of 5/20.
16 replies (most recent on top)
Get rid of HR.
Heard that HR would be hit hard, but i didn’t hear that any office/location will be closed.
BNYM going down to 35k employees fast. Business lines that don't pay for themselves will be slashed and with them their people. Time to transform the dinosaur. Ask yourself are you making more money for the company than taking home? If not your job is under review for possible termination. It's just that simple.
I thought BNY was keeping people that do nothing. Are you saying they are now laying them off and keeping people that work?
They are getting rid of pburgh people, especially those useless HR recruiters who do nothing.
Thanks OP for sharing this old news that was posted weeks ago.
And "heard from the top" typically means you overheard two gossips on the elevator and took their speculation as fact.
They are laying off a lot of HR recruiters. That is the rumor over here. Heard it from the top.
Folks, Charlie sits on the Board of Directors at Microsoft.
Coincidence?
Maybe, but probably not.
Interesting article on a recent "win".
Would this have anything to do with our upcoming "staff action event"
FINANCE
BNY Mellon Asset Servicing Selected as the Custodian of Microsoft's Treasury Group
PR Newswire
PR NewswireMay 8, 2019, 1:00 PM GMT
The win marks the first change in custodian for Microsoft in more than a decade, and will feature a cross-business solution that will help Microsoft to better manage and automate their portfolio processes
NEW YORK, May 8, 2019 /PRNewswire/ -- BNY Mellon today announced that the Microsoft Corporation (Microsoft) has selected BNY Mellon as global custodian for its Treasury, which manages $130 billion in assets. The transition, which was completed in November, marks the first time in almost a decade that Microsoft has changed custodian. As its new custodian, BNY Mellon will offer a complex cross-business bundle of services, including: custody, collateral management, performance measurement and liquidity services—all of which will target Microsoft's corporate cash portfolio needs.
"We are very excited to begin a new chapter in our relationship with Microsoft and are confident that we will be able to help its Treasury business continue to simplify its processes," said Hani Kablawi, CEO of Asset Servicing at BNY Mellon. "Our fully integrated global client technology ecosystem will deliver a sophisticated solution that is both flexible and reliable to meet Microsoft's needs."
BNY Mellon's platform will service Microsoft's global custody, collateral management, derivatives processing, institutional accounting and foreign exchange needs. By leveraging its selection of APIs, applications, and seamless access to third-party technology providers, BNY Mellon's platform will allow Microsoft to optimize its resources and continue to leverage industry best practices. In addition, Microsoft will benefit from BNY Mellon's extensive intellectual capital and industry experience with executing large-scale implementations and aligning technology solutions with clients' business needs.
"As we considered a new strategic provider, we looked for a single operating platform which could automate key processes and help us be more efficient," said George Zinn, Corporate Vice President & Treasurer of Microsoft. "We look forward to continuing to collaborate with BNY Mellon and grow the relationship, including the use of technologies like Microsoft Teams as the hub for managing and collaborating on this project."
All of Pgh lockbox?
I doubt they're closing all of Pburgh HR; there are some super critical and core HR systems run from there.
How do you know they are closing Pittsburgh HR? Announced or rumored?
Good luck to all that want OUT, and also to all that want to STAY. Hoping that you get your wish for your particular circumstances, and best of luck for your future, where ever it is!
They are closing Pittsburgh HR office
Whatever.
Anyone hear about more offices in the US closing? Any particular groups being targeted besides CSD?