Thread regarding Bank of New York Mellon Corp. layoffs

It really shows the employees that management has no confidence in their own decisions and just more reasons for employees to question their leadership. Spineless flip-flopping. The pandemic has exposed the true colors for a lot of people and businesses. BNY, Todd, and the EC all look like a tu-d.

Why would you want to be a manager of people of BNY. Basically told by upper management they don't trust you to keep track of people you are supposed to manage..wtf? One of the core responsibilities of being a manager. My manager oversees a team located in four different USA states and three different countries overall. How do you keep track of that exactly other than online check-ins and/or status checks? Certainly can't do in office walkthrus for butts-in-seats.

Again, no trust. No loyalty. Run to somewhere else that values you, it is definitely not BNY.

I get the feeling he is someone's puppet.

Robin wants you all to party with him at Starbucks on Tuesday. Meanwhile, no one in leadership has responded to any of the many questions about safety when returning to office or put out any FAQs...just tell a large group of people to gather at Starbucks for in person Q and A.

Bass ackwards company.

Maybe all those people will come down with the new variant before September return to office, kinda like a test run. Please be sure to walk up and talk close to Robin.

"This is just a way to reduce headcount by attrition. Many companies have used this instrument. "

Assuming that companies (those that aren't run incompently anyway) would prefer to hang onto their best employees whilst letting go of those who aren't "performers" or are just redundant, then randomly forcing people out the door by pi----g them off with mandated and inflexible work arrangements doesn't sound to me like a very wise strategy.

But then again, the words "competent" and "wise" don't exactly spring to mind when I think of BNYM.

So while this new Delta Variant is in the news, this id--t changes the plan to everyone in the office on the same 3 days. And what about the upcoming midterm variant?

Who in the world wants to be stuck in the office with a bunch of triple masked vaccinated hypochondriacs?

Hard pass for me.

"If they creep up to 5x a week in the office, a lot of people will leave" - I know some people are planning to leave soon, given the 3x/every week mandate.

This is just a way to reduce headcount by attrition. Many companies have used this instrument.

If they creep up to 5x a week in the office, a lot of people will leave. No merit increases and reduced bonuses don’t sound so bad if you save thousands per year on a commute, but if other competitors stick to a more flexible schedule, chances are these competitors pay more anyway.

BNY motto
You can buy better, but you can't pay more.

BNY will be broken up in 5 years. IT infrastructure is the worst the Fed has ever seen due to constant band aid process versus actually fixing the problem (that would cost $). Biggest custody bank in the world with only 1 competitor (JPM) while everyone else left the market as there are no margins. That’s why you type your corporate password multiple times per day.

Absolutely, by September it'll be modified to 3 days per week as part of a temporary ease-in period followed by 5x per week permanently some time in late fall.

This is only step one unfortunately. This is their way of bringing everyone back 5 days per week. If the overwhelming majority of people can be there three days and fit, why not five? And if they can't fit everyone, they'll just lay people off until the numbers work.

You hit the nail on the head about what is so demoralizing about this decision: the fact that different options were on the table about regarding multiple types of WFH arrangements. It gave EVERYONE hope that BNYM was willing to offer arrangements that would suit the needs of ALL employees, from those who wanted to work entirely in the office, to those who wanted to remain at home, and everyone else in between...

And then all of a sudden yanking all the choices away like teasing a bunch of dogs with a treat and not giving it to them. For one thing, it's cruel. And for another, it PROVES what a bunch of short-sighted, inept, and clueless people this company has running it who are at the top of the org chart.

We work for the Waffle House. No offense to my southern friends😎

That’s how BNY Mellon roles. Old school thinking by the EC who think that in order to properly perform their job, an employee much be physically watched. OK, watch me walk in at 8:30 and watch me walk out at 5:00 because that’s all your getting from me.