Thread regarding Bank of New York Mellon Corp. layoffs

Why so much animosity?

I worked at several companies before I came here and nowhere did I notice as much animosity between younger and older employees as here at BNY Mellon. Is there a rational explanation for such a thing at all? I don't think there is because all employees are equally squeezed from those on top.

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| 37398 views | | 6 replies (last August 6, 2021) | Reply
Post ID: @OP+1c4zKn9o

6 replies (most recent on top)

Yes because external hires keep coming in and taking the higher jobs that loyal workers have been waiting on, and get paid more.

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Post ID: @8roe+1c4zKn9o

First, I certainly do not believe there is an equal squeeze from the top. There have been many comments in newsletters or townhalls about how the company wants to attract young new talent.

That being said, I do not believe there is a huge animosity issue. It appears that there is because this board is frequented by older people who have either been laid off or are concerned about it. Sadly the trolls (possibly millennials) on this board see the distraught older employees as easy targets. That creates a back & forth that makes it appear that this is an issue within the company. It isn't in my experience. Just some loser trolls getting their rocks off.

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Post ID: @6ioe+1c4zKn9o

Pay attention to hush hush layoffs done in small numbers quarterly. You will never publicly hear about them unless it happens to be in your area. Since " chainsaw" days, layoffs target older employees, with double digit years of service, pension plans , considered expensive dead weight. Hence older vs younger animosity...and BNYM is smart enough to include a few young folks during layoffs to avoid legal action.

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Post ID: @4gtz+1c4zKn9o

The animosity is due to they don't pay us enough. I will look for a new job if the salary stays this low.

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Post ID: @4sjp+1c4zKn9o

I don't notice that at all. And I don't notice anyone throwing anyone under the bus like some people mention. We were all extremely busy and sometimes you have to ask a few times to get some help, but people are very willing to help you when they can.
There are a few posters here who seem to believe the false stereotype of younger people being more tech savvy though.

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Post ID: @1tbk+1c4zKn9o

The animosity is due to the culture of this company. They want automotons who say yes, work 18 hour days six and seven days a week, and put company above all else.

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Post ID: @rkd+1c4zKn9o

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