Thread regarding Bank of New York Mellon Corp. layoffs

Rumors of "retirement" buy outs - different from normal severance?

Rumor this week that the firm is exploring early retirements/buy-outs/etc. This is new and not the normal layoffs they historically do a few times per year.

Anyone knowledgeable on what they will entail?

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| 44401 views | | 10 replies (last November 13, 2022) | Reply
Post ID: @OP+1jwFPOU2

10 replies (most recent on top)

I gave up waiting for something like this. A year later I am content with quitting.

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Post ID: @anqq+1jwFPOU2

A co-worker was laid off on Monday November 7th. I hope I get laid off.

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Post ID: @asqq+1jwFPOU2

So 5,000 layoffs?

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Post ID: @7yxo+1jwFPOU2

10% layoffs in January.

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Post ID: @5das+1jwFPOU2

It’s happening.

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Post ID: @4nou+1jwFPOU2

I doubt it, I heard something on this site similar for 55+ employees. I think it’s just a rumor.

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Post ID: @1skz+1jwFPOU2

You can always sell your time for money but you cannot ever buy it back. I would really enjoy a layoff.

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Post ID: @1vsd+1jwFPOU2

I suspect we are already doing this by offering layoff packages to some long term Managing Director level folks. Many of the folks I have worked with have called to tell me they would be “retiring” in a few weeks. Have also been asked to “keep it between us”. I suspect they volunteered for a layoff. Now if we are offering better incentives to retire, people will leave in droves. And maybe that is what we are looking for?

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Post ID: @oga+1jwFPOU2

Taking a year off with unemployment is not a bad deal

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Post ID: @llk+1jwFPOU2

Please Please Please But i dont think its true

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Post ID: @uvx+1jwFPOU2

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