With all the people leaving, it feels like we're beyond the point where we'll need layoffs. We might actually come to a point where the management will be forced to improve working conditions to retain employees because so many are finding out that the grass is greener on the outside. Now, that would be amazing.
9 replies (most recent on top)
Right, @mgpk. Those $100,000,000 quarterly restructuring charges are for rearranging the office furniture, not for SUB payments.
We haven’t had significant layoffs for 3 full years and counting. Pretty much only gentle terminations of non performers. We ARE down 10% staffing over the last three years due to the great (COVID & post COVID RTO)) resignation.
So… after all of the handwringing and fear of mass layoffs it never happened. People self selected to leave and they did. The problem is that those who left were generally the star performers.
So we worry about layoffs even as the Bank is desperate for increasingly expensive talent at all levels.
Ain’t fate funny?
Most if these types of feature articles on executives usually are about the most hated and incompetent ones
@3anr, she's pretty useless and another one of Charlie's groupies - no matter how much he denied it. Look was a fiasco the "HR Re-invented" rollout was.
@2rlg, the funny thing is Jolen was just recognized by Diversity Woman Magazine. How can any magazine claim to be diverse yet only include the majority gender? Then again, she wasn't recognized for any accomplishments, just the fact that she landed an important job and is the right color and gender.
Without any credible way to measure performance there is no way to make rational decisions regarding displacements (outside of pay, i.e. cost), HR really does need to find a way to assess people as people rather than discriminating heavily against non DEI employees. I honestly could care less.. I’ll take a year of vacation. er… severance in a heart beat thank you.
But I wonder… how has Woke become outright discrimination against 7 different demographics, all of which are completely unrelated to intelligence, character, work ethic and performance ? Pretty sure that our HR is totally discriminatory and well aware of it. I for one would welcome displacement.
Does anybody in HR or Senior Management understand that we are all different human beings regardless of religion, race, faith, color,s-x, se-ual orientation or ethnicity?
Why not be like Martin Luther King and judge people by the content of their character rather than the color of their skin or other non essential characteristics?
In my opinion BNYM is by far most willfully discriminatory organization for which I’ve ever worked. I’m fine with being displaced… go ahead… make my day.
We will continue to layoff. The new employees we are bringing in cost us much more. So we need to continue layoff's to reduce salary expense. Or to at least keep it flat. I think the ratio is every 2 new employees require us to lay-off 3. And then those 2 need an Admin.
It’s “Ingrained” for the hoopies.
It's a possibility with RV takes the helm, however I feel it's engrained in our culture. I suspect the frequency will remain about the same, possibly less.