not much chatter right now, good thing or bad? Anyone hear anything new?
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Yup I hear Brooklyn layoffs August 19 & the Monday after Thanksgiving. Everyone out of Brooklyn office by year end. Management will save $17MM-18MM. Also, there is not enough space in the new building so layoffs have to happen. ETF is losing another large client come November. Heard if anyone is left after the centralization of basket process will be shipped to Jersey City.
big layoff in technology asset servicing next monday/tues 7/16
May be a dividend miss for BNY, but maybe you missed this: https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/greatspeculations/2019/07/08/bny-mellons-total-shareholder-payout-in-2019-will-be-identical-to-the-record-payout-for-2018/amp/
Bridge* Town Hall later this month. Tune in to get the latest insults and find out how we’ll never be the company’s Greatest Assets. Hear plans that will make you think you don’t work for the same company, Always tone deaf and clueless about people, it would be entertaining if we were in different circumstances.
Make sure to stay for Q&A, where they are sure to ad lib a few bombs, like the time someone said “if home/work balance is important to you, you don’t want to work here”, or the more recent “we have 15,000 employees but would be better off with just 8,000 superstars”.
Ps. Trying to imagine the 10% BE quota applied to the 8,000 superstars. That would be 800 superstars looking for new jobs real quick. Just saying.
It is actually quite quite here.
Where? Are you kidding me. Layoffs in the USA! Plenty of openings in Poland and India though.
Layoffs where?
Earnings will come out next week. Article on Yahoo finance Zach's report is stating another dividend miss for BNYM. So expect more cuts.
We are hearing around the office more layoffs in August and November.