Thread regarding Bank of New York Mellon Corp. layoffs

Always catching up

I guess BNY Lemon is still in the rat race fighting to reach that 1st place in the world of Banking industry. They are just running and trying to jump on the bandwagon where the other banks have already won a medal .In the race where Big Banks like JP, Goldman, BOA are already running fast they might as well topple over and the workers get pushed out due to lack of vision,strategy and goals to reach that position. It should know what other Banks are doing and we aren't if they really have to win a competition with them.

Posted by @1unk+1bF1bWQQ, couldn't agree more.

by Anonymous
| 30407 views | | 3 replies (last July 11, 2021) | Reply
Post ID: @OP+1bKsj4BQ
Comment! It's anonymous!

3 replies (most recent on top)

Guess it’s in our corporate ‘genes’. We once had a chairman who stated we never wanted to be the leader in nee products/technology ‘cause the leader always took an arrow in the back.
When our founder was on his way to meet Aaron Burr he told BNY employees don’t do anything until I get back 🤣🤣🤣

by Anonymous
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Post ID: @2dje+1bKsj4BQ

So that means we are in a infinite loop in a state of Limbo. No market growth means layoffs are imminent so that higher ups earn more,save more and keep the shareholders happy.It comes down to the employee and no periodic promotion, growth for poor workers.

by Anonymous
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Post ID: @1ono+1bKsj4BQ

Yes that's true. BNY Mellon is still The Leader of Custodian Bank ,No.1 Custody Bank in the US but there are not many players in this area. Other Banks left custody business long back because there is no growth and perhaps no future and no market. Henceforth no competition with major Banks. Now, you see why BNY stays no.1 in this position playing safe in the stagnant position.

by Custodian
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Post ID: @rya+1bKsj4BQ

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