Thread regarding Bank of New York Mellon Corp. layoffs

Project Catalyst - what has it done so far?

2022 started off as a year to start trying to be more efficient, but it seems these days, there’s more forms to fill out, more approvals to get, more people to vet things. More rubber stamps. Is anyone experiencing something similar?

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| 56566 views | | 13 replies (last June 6, 2022) | Reply
Post ID: @OP+1gZQxg49

13 replies (most recent on top)

The four year deliverables for the Digital initiative are due this fall. Despite the naysayers, this is a very exciting time for the Bank. They’re keeping it close to the vest before the rollout but I’m excited.

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Post ID: @7hbz+1gZQxg49

Agreed so eventually the halls will snell like sausage curry

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Post ID: @7kqx+1gZQxg49

The goal of Catalyst is simply to move more and more work to Wroclaw and Pune....

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Post ID: @6lqg+1gZQxg49

@OP+1gZQxg49

Reply hazy, try again

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Post ID: @4wld+1gZQxg49

Thanks, that’s probably the valuable deliverable this year! Ga----a WOW points on their way to you, @2bsw+1gZQxg49

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Post ID: @3qni+1gZQxg49

I can't do that just yet but we'll genie up some nice bagels for the next team meeting.

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Post ID: @2bsw+1gZQxg49

@1pgx+1gZQxg49

If you can Genie up things in Catalyst do you think that you might be able to conjure up any actual completed deliverable for the upcoming 3 year anniversary of Roman’s Digital transformation?

An animated PowerPoint probably won’t cut it for a 3 year project.

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Post ID: @1pok+1gZQxg49

I’m happy to be in it to genie the cutting edge - I’ve been lucky enough to work on greenfield and nexen as well

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Post ID: @1pgx+1gZQxg49

What is the goal of Catalyst?

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Post ID: @1fna+1gZQxg49

Look up the definition of the word catalyst. In our case, it enables failure more quickly

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Post ID: @1bgf+1gZQxg49

That's BNYM today.
Project whatever the name is has produced zero value adds.

Good luck RV, you'll need it.

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Post ID: @1dlh+1gZQxg49

The Bank will always choose more data trapped in PowerPoint decks, word docs, email Ed excel sheets, Ops resources, manual drudge work and procedure over new technology. Thinking through a process and automating it is simply not a core competency. We’ve all pushed suggestions up the chain and no longer try. Look at Digital… 3 years, zero deliverables. Digital is just not what we do. We do Operations.

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Post ID: @1dzc+1gZQxg49

Same. A lot of things are done in the name of efficiency, only to become the opposite for the people trying to get the work done in a timely manner. There are a lot of good intentions, but things are not executed well. For my business line, it seems that our Ops partners are not staffed at the levels they should be to allow for the work to get done on time. Efficient in terms of short term cost savings, yes, but very inefficient for achieving long term goals. Drives client facing people nuts to the point of quitting.

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Post ID: @1wll+1gZQxg49

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