Thread regarding Bank of New York Mellon Corp. layoffs

I never thought it would be like it is today

I got a new offer, but I'm still sad to leave because here I had the opportunity to work with some of the best people, the best experts and in a much better atmosphere.
If someone told me a few years ago that this place would be full of mediocrity and the best employees not valued at all, I would not believe him. Who could have believed such a thing?

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| 53605 views | | 6 replies (last May 12, 2022) | Reply
Post ID: @OP+1gF7lc8O

6 replies (most recent on top)

@1ujk, tagging people as BE has very little to do with downsizing.

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Post ID: @2min+1gF7lc8O

You’re a fool if you think you’re important. To the business, you’re nothing but a cog in the machine. Managers have never thought of employees other than a fungible variable expense. It’s been the organizing theme since the beginning of the industrial revolution. Stop whining and leave and start your own firm. Then you can exploit people like BNYM does to you

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Post ID: @2cqa+1gF7lc8O

The place has changed over the last few years. I was stunned at how the people above me would talk about our talent. It was like we were all dogs.

Meanwhile, they were cutting positions left and right and everyone was doing (much) more with less and yet we kept being told the bar for performance was raised and there could be zero errors and no pushback on workload.

And because of the 10% BE requirement, we always had to find employees to tag. In the beginning of that requirement, the people tagged as BE (and subsequently let go) often deserved it, but then we'd have to find other, better workers to tag. And no amount of pushback could prevent that.

It was really awful and demoralizing.

Don't blame the managers. Blame the EC. It was coming from them.

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Post ID: @1ujk+1gF7lc8O

There ARE some great and supportive managers at BNYM. It is these people who know an employee cannot be easily replaced.
Sadly it is the immoral and self absorbed managers who ruin it for an employee and a team. It is these id--ts who think an employee can be easily replaced.

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Post ID: @1olx+1gF7lc8O

I call BS, there are plenty of great people and great managers (mentors) at BNYM and just like everywhere else there are bozos too. The issue isn’t about the Individual people it’s about the culture of personality and entitlement that’s pervasive not only at BNYM but rampant in all of corporate America right now. You can thank Mom and Dad who told every child their special and in order for them to even show up they needed to get a participation trophy. Let me clue you in YOU'RE NOT THAT SPECIAL, and you’re easily replaced. Just ask Alexander Hamilton and Aaron Burr. They too were replaced!!! And yet BNYMELLON continues.

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Post ID: @1ojr+1gF7lc8O

You're so right and yet so wrong. It was never as good as you say (or thought), and you'll quickly realize. I chuckle everytime a 20 something year old leaves (fewer with each passing year) but and telling their manager how great of a mentor they were... Spoiler alert, they aren't

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Post ID: @1wed+1gF7lc8O

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