Thread regarding Bank of New York Mellon Corp. layoffs

Our best is not good enough

No matter how hard you work, sometimes our best is never good enough. There is no consideration that we are working with less people, juggling so many ba--s. Some people just don’t care how stretched thin we are - just that they want or demand something to be done asap. Feel like we are constantly being set up for failure every day. Poor morale and no support from above - disgusting!

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| 68813 views | | 22 replies (last October 30, 2023) | Reply
Post ID: @OP+1p3MEI3X

22 replies (most recent on top)

@2saw

You mean be a slacker, mail it in and get rewarded with SUB. You probably can’t even look in your mirror.

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Post ID: @jgrp+1p3MEI3X

Put the smart phone down and you’ll be amazed at how easy your job becomes. After a few weeks you won’t even have your left hand twitching automatically to grab it. Best yet, put it in your pocket and leave it there until lunch or end of day. Guarantee you’ll get promotions and career track promotions.

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Post ID: @iwjt+1p3MEI3X

@4yjn, not to mention that mid to upper management thinks employees are fungible. I supervised highly skilled developers only to be forced to get rid of them and be forced to use "programmers" who could barely write simple code much less follow design patterns to develop systems correctly.

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Post ID: @4ahk+1p3MEI3X

@4ehg+1p3MEI3X

You must be at the top therefore you have no reality of the issues some groups have. The 10Q can say we have “enough” employees but that doesn’t mean it’s evenly distributed to those areas needing it. We are restricted to hiring people when there is a layoff. Any roles that does hire it’s usually outsourced where they have limitations. How does this improve anything other than saying “but but the 10Q shows we have adequate people!!”

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Post ID: @4yjn+1p3MEI3X

@4ehg, but they've been replaced by useless employees in low cost areas. There's a reason certain countries are low cost...

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Post ID: @4rjv+1p3MEI3X

Post ID: @2erx+1p3MEI3X

Of course everybody downvotes the truth here for some ungodly reason.

But yes, do look at the 10q when it gets published…..we have MORE people! Despite endless complaints of layoffs, etc. our workforce has grown.

Just a reality check here for the “nattering nabobs of negativity”, as a former VPOTUS once termed it.

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Post ID: @4ehg+1p3MEI3X

I'm simply stating that you're incorrect @1hxr. Some departments do lose 50% or more to layoffs over time. Mainly due to job displacement to India, and simple salary dumps. There have been a small handful that have left voluntarily, but in team (or what's left of it), that's a pretty low number. The dead wood went first, as one might expect. But after that was gone, it became a cr-p shoot. Automation has purportedly also been a large factor, though in my particular area of work and expertise, automation has contributed very little, though they remain at it after 5 years. Interesting, the effectiveness of the automation that has been implemented in my area is pretty low. What I see, is that it's not that fewer people are able to accomplish the same work load, but rather that as a department, we simply do fewer projects, because we lack the people to do them. Automation has not allowed us to maintain quantity of work we were able to accomplish in years past. Our wish lists of projects and enhancements remains as large as ever, but our total "output" of value-added work is a fraction of what it was 5 or 6 years ago. Perhaps that is by design. But it is what it is.

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Post ID: @3shr+1p3MEI3X

This organization ( I am still here, hoping to make it to 12/31 and get my share of the bonus and walk) taught me something really valuable.
If you are real go getter , the manager hangs on to you and never lets you go. Every other job lands on your lap because the manager "knows" hook-or-crook you will get it done. End of the year, when it comes to bonus and raises he has to be equitable so that he can get a good response from the "other team members" and you get shafted ...
If one calculates the time invested and the resulting $$$ it is way less than minimum wage at Starbucks or Home Depot. And after taxes it does not even make sense to sacrifice so much time (precious I may add) away from your loved ones, especially children
The promotion never comes. Simple reason the manager may lose his grip over you. The only other hope is to go to another department but the performance reviews are so manipulated, getting an Exceeds is next to impossible Standard excuses exist.
This is a prison where I willingly entered hoping to rise in an organization. Never knew this is such a quicksand. But a valuable life lesson learnt.

Resolution : Be sloppy also known as smart, work goes away from you. End of the year you may get 2% less in bonus or you may end up in the sh*t list to be RIF'd. But who cares you walk away with a nice supplemental pay. And for the performance review do the bare minimum to get Meets. Be a C grade employee. Use this firm as a launching pad for your next position

Be a survivor than a performer. To be recognized you have to be in right circles with right skin tone. Learn the business and keep interviewing. It keeps you on your toes and updated.

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Post ID: @2saw+1p3MEI3X

Look at the 10q when it gets published…..we have MORE people!

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Post ID: @2erx+1p3MEI3X

I hustled a lot at my job here, always looked to see what I could improve and what positive changes I could bring. I didn't mind working 10+ hour days. All that changed when we got a new director that no one asked for. I still was ambitious in my work, but my accomplishments and ideas went unnoticed, were discouraged, or were simply ridiculed. Funny enough, her lackeys from BBH did less, but got the credit for doing things I already created the year prior. In a way, I'm thankful for my "bad manager" because it forced me to look elsewhere and 'lo and behold, I make way more at my new job and find the atmosphere much better.

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Post ID: @1ttn+1p3MEI3X

Fewer people, not less.

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Post ID: @1sxs+1p3MEI3X

@hzh

As proven above this never happened

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Post ID: @1ayy+1p3MEI3X

Have you considered putting down the “smart” phone and focus on your work? Technology has come a long way and we need far fewer our jobs now. We used to do it all with manual typewriters, paper ledgers, paper memos hand held calculators (a miracle at the time) I know of companies that require their employees to place their possessions in a locked locker for the day and pick them up on the way out. Of course we need less jobs now.

Perhaps Robin should look into this. You’re here to work and the smart phones fritter away well over half of the day for our employees.

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Post ID: @1hmz+1p3MEI3X

@1hxr

OK LOL. That’s a nice little retraction that you slipped in there.

And the bogus “50% laid off” grows ever smaller with even less credibility:

Actually, yes - some teams have had over 50% of their coworkers laid off. In my case, much more actually. NOT all at once - over a period of a few years. But absolutely this has happened to several teams - and it continues.

I’m sorry but this post was ridiculous. Hint: - if you add up displaced people at any group in any company over a decade you’ll have 50% gone and likely not all of them to layoffs.

@1hx

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Post ID: @1btr+1p3MEI3X

My best was always far more than good enough, but that was just me. I enjoyed working at the Bank, put up incredible hours, exciting deliverables and loved every project and challenge. And yes, all around me for my entire career others found the cloud in the silver lining.

May I suggest reorienting your perspective or maybe even just consider working at something that you actually enjoy doing?

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Post ID: @1gqg+1p3MEI3X

Actually, yes - some teams have had over 50% of their coworkers laid off. In my case, much more actually. NOT all at once - over a period of a few years. But absolutely this has happened to several teams - and it continues.

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Post ID: @1hxr+1p3MEI3X

“Able to pay more” does not mean we actually do pay more.

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Post ID: @1uly+1p3MEI3X

@hzh+1p3MEI3X

No team had over 50% of its coworkers layed off. It’s not great here but don’t just make study up. You’re exaggerating mightily.

Think that you’ve been refusing to give up your life and weekends for a very long time and that’s why you’re not being rewarded,

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Post ID: @1tkx+1p3MEI3X

Yes we’re working with less people, but we also have a whole lot more automation than in decades past… And the good side is that we are able to and do pay a lot better than in previous decades. There’s nothing not to love.

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Post ID: @1ajl+1p3MEI3X

absolutely agree. They don’t care about employees or their customers anymore for that matter. Every recognition or appreciation removed and now they don’t care who does the work even when it’s clear or can be handled offshore. And they are absolutely forcing below expectations cause my mgr just said we have to choose people when he has several under his own mgmt team that need to go

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Post ID: @tgr+1p3MEI3X

God bless you. This made me feel better today. - A recent blindsided and heartbroken layoff-ee

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Post ID: @bhf+1p3MEI3X

I’m totally dispirited and burnt. Refuse to give up my life and weekends to a company that chose to randomly lay off over 50% of my co-workers. I’ll do my best, as always, but will not ki-l myself. For them? Not likely.

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Post ID: @hzh+1p3MEI3X

Agree but do what I do now- don’t care & work as little hours as possible

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Post ID: @zct+1p3MEI3X

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