Thread regarding Bank of New York Mellon Corp. layoffs

Almost no opportunities to progress the career

Even if you play office politics and su-k up to the managers. We are not seen anymore as human capital and nobody cares to develop employees’ potential. We're expected to stay for a couple of years, get squeezed for all we're worth, and then be sent on our way as soon as someone cheaper—whether here or offshore—comes along.

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| 5923 views | | 11 replies (last January 11, 2025) | Reply
Post ID: @OP+1jh87nt5n

11 replies (most recent on top)

@ck+1jh87nt5n
Blah blah blah blah blaaaaah.
Go drink some prune juice and scratch your shingles fossil

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Post ID: @fj+1jh87nt5n

@OP

You’ll learn, just as the Boomers and preceding generations have learned, that your career is in your hands. I do believe that Gen X was the first U.S. generation with no work ethic and an entitlement mentality.

While young Americans learn to play with the devices which the boomers bequeathed to them, other countries from India and Poland jumped on the opportunities and now routinely outperform Americans. Wake up and skill up.

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Post ID: @ck+1jh87nt5n

@OP

At least you have new opportunities to Verb the noun…

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Post ID: @cj+1jh87nt5n

@ah+1jh87nt5n It has nothing to do with work mentality Boomers vs Gen X, etc. Employees in other countries are not out performing us. They are too new to do that. Even after 10 years they still need guidance from the small amount of staff left in the US. And those of us left could do it way faster with all the automation. What they do have against us they are cheaper and office work is way easier to offshore now than it was with the Boomer generation. Again, it’s not that offshore is out performing us it’s that it’s cheaper, and it’s quick, and easy to offshore. Plus us US folk are su-kers. We will continue to train them as needed until BNY throws the ax.

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Post ID: @ca+1jh87nt5n

42- nothing you said was accurate or intelligent enough to justify posting it twice here.

Tell Robin I said hi when you come up for air from under his desk

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Post ID: @ap+1jh87nt5n

@ah+1jh87nt5n
You’re once, twice, 42 times a reee - ta-d.

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Post ID: @an+1jh87nt5n

You have to learn

You’ll learn, just as the Boomers and preceding generations have learned, that your career is in your hands. I do believe that Gen X was the first U.S. generation with no work ethic and an entitlement mentality.

While young Americans learn to play with the devices which the boomers bequeathed to them, other countries from India and Poland jumped on the opportunities and now routinely outperform Americans. Wake up and skill up.

The biggest difference is that the boomers learned to create their own jobs. In the 60’s and 70’s we all learned to create our own jobs. It wasn’t just applying for a job.

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Post ID: @aj+1jh87nt5n

You’ll learn, just as the Boomers and preceding generations have learned, that your career is in your hands. I do believe that Gen X was the first U.S. generation with no work ethic and an entitlement mentality.

While young Americans learn to play with the devices which the boomers bequeathed to them, other countries from India and Poland jumped on the opportunities and now routinely outperform Americans. Wake up and skill up.

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Post ID: @ah+1jh87nt5n

I feel this is the case in many financial companies. At the top, they think AI and so called transformation efforts like P-M can solve the problems, save $$ and make their pay check bigger. So, identifying truly capable people and giving them opportunities is beyond what they want to think.
My own personal experience is at a much lower departmental level. Most of the senior managers only want to show good data and scorecards. They want people who will manipulate the data and make the them look good. True results and real value addition is not important as everyone wants to show and see good charts and they don't ask questions on the real benefits. In that process, managers don't want smart people who will question this stupidity of PPT show. They want simple "yes, boss" folks. I truly believe my skills and contributions are much superior to many of my peers. My boss has also says that in my 1-on-1. But, they will block me the opportunities to project me in front of others. May be they are scared that I am actually a threat to their existence?
Hoping for an exit soon and for a much fulfilling career

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Post ID: @ac+1jh87nt5n

OP,
You see it and you understand it fully.
This place does not ‘invest’ in career bankers anymore. You and I are viewed as ‘necessary problem expenses’ until some offshore human junk food comes along. This place is not a career. It is a b-m steer. BNY used to have some of the best training and benefits going. Those days are gone.

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Post ID: @a9+1jh87nt5n

That’s not the view at the top where we continue to hire talent that does not come cheaply!

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Post ID: @a7+1jh87nt5n

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