When will it be our turn?
16 replies (most recent on top)
Exactly HOW MANY retired? Most of those who could retire have not done that due to the markets volatility.
Rocky period the last 3 years? Are you crazy??? We've made $12,000,000,000 the last 3 years. But they're still shipping jobs to racist countries and giving what's left of us 2% raises.
We’ve chosen to retain and reward employees rather than displace them. Even those who once would have been terminated with cause are receiving a generous stream of SUB payments. It’s very hard to fault the bank after the way they’ve treated us in the last 3 years. We should count ourselves fortunate to have worked here during an extremely rocky 3 year period in the U.S. and the world.
This has been a sweet run since Charlie left. No significant layoffs for over 4 years and counting. Those displaced were largely for cause and the Bank was generous in providing Sub to them in the COVID years. Those of us who worked here through the Pandemic really we’re fortunate to work under Todd’s steady hand and leadership.
Who knows where it will go from here but we certainly were lucky to come through this era with no significant job loss over nearly 4 years.
Ha ha ha… supporting more H1B for China. You have a vivid racist imagination. Do all non-caucasians look the same to you? And our labor department “reports that every single older American worker forgets how to spell own name”. Ageist much?
p.s. it’s “Ops”, not Opts. no worries as you have no options until you skill up.
Just look at Bob Kelly and that's all you'll need to know about Mellon. I don't know how he lasted for as long as he did.
It’s hard to forget the legacy company you came from when our captor dragged us back a decade in technology and quality. Just look at our customer surveys.
We all need to forget whatever Legacy company we came from. Each side had good points and bad points (and maybe one side was better than the other), but we live in a new world now and pointing the finger in the other direction helps nothing. It’s been 15 years now.
@1aba, BNY stirs the pot and buys little peon companines.
Sadly, I can tell who is legacy mellon versus legacy bny just by reading these replies. Bny just stirs the pot and seeks to maintain toxicity. Mellon provides helpful, factual information, and transparency (such as the elimination of the 10% below expectations ranking requirement this year).
In the midst of outsourcing, layoffs, and student loan forgiveness.
We are the ones supporting more H1B for China.
our labor department basically reports that every single older American worker forgets how to spell own name, so we need every entry level workers on OPT and H1B abroad who can read from a script to work here.
so sad :)
We usually don't have the 10% at mid-year in our group. I will hold my joy on that news until the end of year guidance is published.
The layoffs you are seeing are in real estate lending areas, hit by rising interest rates and cooling of the housing market, I don’t think bnym has direct exposure there.
There is no mandatory 10 percent below expectation rankings this year. Take comfort in that. I doubt we will be impacted because we had a significant number of employees retire this year once RTO was put in effect. Our company has been unable to fill most of those reqs due to our compensation being far below competitors (coupled with the lack of full remote options). If anything, they may hand down notice that the open reqs are eliminated.
Let me rephrase that, is it going to be our turn soon or are we going to get lucky this time?