It's been almost a year now that I was cut from BNY. I am almost 60 years old and been with the company for 23 years. I thought it was my forever job and retirement was just around the corner. Not the worse thing that could ever happen to me. For all of you that are being laid off, you will servive. The stress was the worse thing of it all.I saw many of my co-workers being removed on stretches , one even died at my feet from a massive heart attack at the age of 39. You will thank them latter for getting you out of such a hell hole and to be able to go on with your life.
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To 3mel. Lol. Domestic experienced resources are first who they let go,
When you can’t properly manage people you can’t create a good product for the client this is number one, in addition when I used to manage offshore resources the number of them (resources) constantly grow without any business need for the application we support...so probably it does save money overall for the company, maybe in some case it makes sense to keep 2-3 experienced resources domestically who knows what to do and can be properly managed other than create mess overseas
I agree with the person who stated the decline of the firm began with the outsourcing initiative. I’ve worked for companies that did not outsource at all and there is a world of difference between that kind of enterprise and BNY Mellon. Outsourcing saves money but creates a bizarre corporate culture.
Is this post psychology preparation for people who will be affected by next wave of lay off?
Congratulations to you and all servivers.
Agreed!! Got laid off and it is the best damn thing to happen. I feel sorry for those that remain. They too will get their pink slips once A I is fully implemented. In the meantime, where I was at BNY now is like INITECH from Office Space.
The problem with this institution (and in general with the whole industry) is that nobody cares about anything any more and everyone understands it. The old management is almost gone, ether retired or forced to go , the new so called management has no idea how to manage. When did it start? I would say when the bank started to transfer jobs overseas and everyone became a replaceable resource. I clearly remember that when I was hired for the Bank back in 95 the devision head who had more than 200 employees reported to him spent one hour with me , a junior person at that time, explaining how important it is to work for BONY. Even more , when he saw me either in the lobby or elevator he always said hi first. These times are unfortunately gone and gone forever...
Loyalty and respect is a two way street. BNYM has put up a massive roadblock on that street. In the long run, the bank will lose. They’ve shown very clearly to everyone the ethics that run this company. Such a shame that they’ve chosen the low road over decency and honor.
You are lucky that you was 60. I also plan to have early retirement around this age. I worked more than 20 years and plan to retire in 4 years. My management know about my plans and still they lay off me. I believe in karma and boomerang rule. So I am not thankful I just hope boomerang rule will work on people who made this decision.