Jeremy dobrick sent out a meeting invite this past thursday for a meeting this week regarding expenses. Typical employees are known as expenses to upper management. Don't forget that there were layoffs in january. I was told by my manager that this early into 2023 the asset servicing division is already 20% above for expenses. How is this possible? I know that upper management cuts employees, who perform actual work, and then hire additional upper-level managers.
They then wonder why expenses are this far off only a few months into the year?
This amazes me. I am going to enjoy this meeting to hear how "we" are wasting money when they continually hire useless managers.
11 replies (most recent on top)
I’d assumed that the added 20% expenses over plan stemmed from Robin’s soiree in Davos. Gotta post it somewhere so why not Asset Servicing?
@2wbt, yeah, what kinda jirk treats people like that. They think their time is SOOO important but p00p on real workers trying to manage their time.
Self assess and try to uncover why you are not conducting a job search. Then address the issue. You’ll be surprised how good you feel after a few interviews and you will find a better position.
Of course, this meeting was cancelled at the last moment. People were connected to the meeting and someone said it was cancelled. That is going to be the closest we get to actual information regarding the expense issue in Asset Servicing.
@1srx Talents are innate. Skills are learned.
Highly paid execs blow out our expenses with no return. These execs are theoretically leaders but we haven’t had any significant business strategy changes in the last two decades. The bank itself continues to run on its own.
Recently added some high paid execs to the team.
@ylx, learn some talents that are in demand enough where you can demand to work from home. I've been doing it for the last decade.
My group just hired some one….. get this -FULLY REMOTE
Face it, BNYM doesn't care about you. They take away more and more employee benefits, call Return to the Office, Return to Work, as if we weren't working our @$$'$ off already. Cutting people, more and more to come. It's a network of the "cool kids" and my friends, if your reading this text "you ain't in the club" get out whilst you can. Before all the chairs are gone and the music stops.