Thread regarding Bank of New York Mellon Corp. layoffs

Quick… who has the organic growth PowerPoint?

The current lot barely understands crypto, digital, or product. They’re just milking the cash cow because they wouldn’t land a job anywhere else with their inflated bulge bracket salaries. Last I had intel on this, the average base pay in this group was easily north of $200K—for what? Churning out recycled pitch decks with zero clients.

Capital planning is a joke—just an excuse to burn through cash on projects that get hyped up, torn down, and repackaged every few quarters, like some third-hand hand-me-down. The only real money-making operation here is engineering, billing this group ridiculous amounts for resources they barely utilize. Honestly, if they cut this group in half, no one would notice or care.

Last I heard:

Caroline fired her competitive hire within six months and replaced him with...
Some loudmouth old-timer you can hear across the Atlantic, who talks a big game to clients but has zero wins under his belt.
The notorious sociopath (God help DT**—you have no idea what’s coming) who, after shoving another sociopath dude up the ladder, has somehow gamed her way to promotions without delivering a dime of revenue. HR complaints are piling up, but CB still protects this toxic crew. And let’s not even start on how she’s a terrible example of DEI—this is exactly why bad representation ruins it for the deserving ones.
The engineering guy, who fast-tracked his promotion by shameless bootlicking—though, to be fair, he’s probably the only one who actually did any real work.
The other Indian guy, whose purpose remains a mystery, aside from protecting his bros from India. Why they even operate out of 240 is baffling—everything they do could be done from Pune or Chennai at a fraction of the cost.
Classic bulge bracket nonsense.

CB?

@e3+1

I’m more curious about the incoherent employee who posted this gibberish and how s/he managed to even get hired.

Who's the old horse..?

Yes, they give you a nice variety of tea to choose from.

The old mare’s lot are legging it because they know the new mare will actually hold them to account—for delivering a grand total of nothing over the last five years. Old mare’s so-called “employee number one” has bailed to DT-SEE SEE, and good riddance—an absolute persona non grata, this one. A well-documented sociopath, right-hand to the current “head,” spent their time swanning around conferences and sitting in vague GTM meetings that led to exactly zero results. Never once brought a single initiative over the line. Not one. And the old mare never pulled them up on it.

This whole gang is a closed shop of former JPs, all hiring each other into fancy titles and perfecting the “art of the (fluff) deal.” If you went back and actually looked at the update decks or their so-called body of work, you’d see it plain as day—the current head’s entire game is just recycling the same sh--e over and over, repackaged to look fresh.