Thread regarding Bank of New York Mellon Corp. layoffs

Seems unusually quiet.

Seems awfully quiet. When Scharf ruled, the layoffs were predictable and severe. Every quarter you know of at least 10 or so. January had layoffs but after that, things seemed unusually quiet. Are we finally tapped out?

by
| 58571 views | | 11 replies (last June 13, 2021) | Reply
Post ID: @OP+1b57S6OJ

11 replies (most recent on top)

September 13th

by
| | Reply
Post ID: @fmbz+1b57S6OJ

What’s going on with the Wellesley office?

by
| | Reply
Post ID: @acrv+1b57S6OJ

Where will Westborough employees be displaced to when 4400 Computer Dr construction begins later this year? Building to be demolished and a fulfillment center/ new office built.
https://www.town.westborough.ma.us/planning/pages/4400-computer-drive-site-plan-review

by
| | Reply
Post ID: @9yki+1b57S6OJ

More are coming after mid year. I’ve been in calls where they are looking for 10% again and if they don’t get it, they’ll make it however they can ash they usually due.

by
| | Reply
Post ID: @7wrr+1b57S6OJ

If you have a meeting labeled “catch up” , they’re laying you off. This is what many others also reported when they got told . Such a sh---y thing to do to people and label as that

by
| | Reply
Post ID: @7yjm+1b57S6OJ

We had some the last week of May. These might have been “June events”. They still happen. Staff expense is the number one expense. Fastest way to improved expense-related financial ratios is to reduce Staffing expense.

by
| | Reply
Post ID: @4dwu+1b57S6OJ

There were a number in April.

They are doing them every quarter.

by
| | Reply
Post ID: @4gna+1b57S6OJ

I got a meeting invite earlier, from a senior manager.... entitled "catch up"
I tell ye, was more effective than the Atkins diet.
I am awaiting the call this Friday.

by
| | Reply
Post ID: @3rsn+1b57S6OJ

No. They had layoffs in March and in April. They will never be done laying off.

by
| | Reply
Post ID: @3exk+1b57S6OJ

H1 guys stuck in India, they went to see when their love ones were contracted by covid, US embassy is closed till 02/2022.
If they lay off people, there be no one left to do the job. The right time to take a step forward.

by
| | Reply
Post ID: @2mne+1b57S6OJ

August.

by
| | Reply
Post ID: @1fvn+1b57S6OJ

Post a reply

: