No lay-off as mentioned in this post but it will be similar to what it used to be.
11 replies (most recent on top)
BE is become the best tool for Managers to let good people go. Good people never scares to speak up, they don't compromise, for them dignity matters.
If bank is doing bad and if this is a real lay-off, how come they are hiring consulting companies like Wipro which we never heard before. How come they do not get rid of BA's and QA's ? BA and Wipro will never get company where they want to be, I know how they work. Total disaster.
Production Services team is a big joke, duplicating the same work that developers can do. People in production services have fun while it last!
PURE BS!
And you think Charlie deserved 9 million dollars to run the company stock down 20%. Stop watching Fox news and look at facts. Look at your co-workers. What do you see at BNY. Are they happy? Nobody is looking for a handout here. We're all working hard and just want to be able to pay our bills and have job security. 1% isnt great compared to executive pay. Forced BE ratings are wrong. Outsourcing is bad for morale, and quality. It's not about socialism. It's about elitism.
Ahhhh I see, we got some people that think bnymellon is the govt and social services
1qwl+13oIC1Eb, ummm because dumb–s, the bank used the tax break to buy back company stock instead of raising your salary.
If it's corporate greed then what does the tax break have to do with anything? dumb–s
The banks are doing ok, but challenged in the low interest rate environment to grow revenues. So rather than cut overpaid CEO and executive pay and Bonus, the greedy banks have decided to cut staff and overwork employees to compensate. After all you should be lucky to have a job, right? The other option is to outsource and automate until they can cut even more. Its just corporate greed. How's that tax break working for you now?
Banks are going to cut expenses no matter what the economy is. They can't let their competition get any edge. Stay away from banks, problem solved.
Economy is on fire and banking is doing very well.
Economy is great but all management teams are equal. Banking sector up 50% in 5 years, the bank is up 20%.
https://finance.yahoo.com/chart/BK#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%3D%3D
Weird. I thought Pune was expanding. Search indeed for bny Pune jobs. I bet you anything you will see your replacement job posted.
But...but...I thought the economy was booming! insert eye roll
18000 lay off should be enough to tell everyone here that banks are not doing great
Link : https://www.businessinsider.com/signs-your-company-is-conducting-mass-layoffs-2015-10?amp