Thread regarding Bank of New York Mellon Corp. layoffs

Any from Manchester here

How do you currently feel with the way things are going ? My team has been shipped out to Pune and things feel a bit meh! Been here since pre-covid and it’s like a sinking ship

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| 9285 views | | 11 replies (last February 17, 2025) | Reply
Post ID: @OP+1jm0py9yp

11 replies (most recent on top)

ha ha mancunians experiencing now what London and Brussels experienced. Seems history repeats. It's all about the cost and there is now cheaper than you.

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Post ID: @vd+1jm0py9yp

This leads to increased profits and more benefits for the employees who remain with the firm.
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Make no mistake, if you make it through all of these layoffs, those that remain will not get increased benefits, or compensation.
The executives will reap all of those rewards.

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Post ID: @ts+1jm0py9yp

@eg+1jm0py9yp

It's simple economics.

You're performing a repetitive task that can be outsourced to workers in India, who can follow the same rules at a fraction of the cost. Once AI is fully trained, it will be able to take over without any hesitation.

This leads to increased profits and more benefits for the employees who remain with the firm.

Modern version evolution.

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Post ID: @tp+1jm0py9yp

Been here for a long time and employee moral & engagement is at an all time low.

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Post ID: @tj+1jm0py9yp

@dk+1jm0py9yp

It very much is not.

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Post ID: @ej+1jm0py9yp

The fact they're still sending anything to India is absurd. Just shows how little they think of their customers. Take work from the teams who can do it and know it and move it to a place where unless black and white can do it and even thats being generous. Disgusting

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Post ID: @eg+1jm0py9yp

Manchester is a growth location, but lower skilled roles which don't need to be based in Manchester are frequently shipped over to Poland or India.

Manchester is a much cheaper location than the USA, but still more expensive than Poland and India.

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Post ID: @ee+1jm0py9yp

Manchester is the most overpaid location by far and the benefits are unbelievably lucrative. Worse yet, they enjoy unbelievably awesome labor laws which guarantee a huge financial windfall. We need to exit the region.

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Post ID: @dk+1jm0py9yp

Even though Manchester is a growth centre, we’re still seeing jobs shipped over to the other growth centres with cheaper labour; mainly India with some Poland.
I’m not sure what the idea or strategy is for Manchester. Whether it’s to have more skilled roles located here and the “easier” roles move to other locations or they’re just realising Manchester isn’t as cheap as they first thought. Either way nothing is communicated to us.

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Post ID: @cb+1jm0py9yp

Interesting to get this perspective. Isn't Manchester outlined as a growth centre? I thought jobs from Edinburgh and Poole were being moved here?

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Post ID: @c8+1jm0py9yp

What is that old saying? ‘If it doesn’t feel right, it usually isn’t’ ? This does not feel like a sinking ship. It is a sinking ship. Unless you are one of the TOH fat cats or an India person

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Post ID: @a1+1jm0py9yp

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