For anyone that read the earnings report - BNY's profits were down 32%. We made $1.2 billion less in 2022 than in 2021.
The CEO continues to express his thanks for our hard work and states how we are set up for a great 2023. It's hard to see how that is possible.
Seeing such poor earnings, there can only be layoffs occurring.
BNYM is a stagnant ship. It's not sinking, but it's not going anywhere either.
@3vxf
Then why did the people I know that left get a 10 to 60% raise when we're still getting 2% if we're lucky?
Sinking ship, blah blah blah. People have been out here saying that forever but this ship isn’t going anywhere. I’m not a layoff denier like others. There has been a constant trickle and that won’t ever change. People are unhappy. Read the board on any other similar company and the comments are the same. There’s nothing unique here. Complain if you must. It DOES suck most of the time but be honest with yourself. BNYM is no different than any other bank, or large company for that matter. In the end YOU are the one who chooses to stay so own that decision. Stay or go. The bank doesn’t care. There will always be someone else to take your seat. That’s life in the grown up world.
BNYM is a sinking ship.
Actually we’re doing remarkably well for a bank that hasn’t had a strategy since our merger.
It's actually UP 8% excluding notable items.
Laying off 1500 yet the bank has 2800 job openings posted ...
New CEO And his GS cronies salaries and joining bonuses were so high, while he travelled First Class stayed in Luxury Hotels Had Fancy Meals across the globe and Brought 0 New Business and might have ended up losing clients due to his big EGO Lead to these results. We should be proud of this management. Shame on RV, hope he runs away soon. Writing is on the wall, he is set for big failure. Sleepy Todd was way better atleast he was not a fraud.
"Small" turns out to be 3% as per WSJ 1500 jobs. Story says mostly management.
Email did say that a “small percentage of roles” will be reduced
I wonder if the CEO will be able to afford eggs with those kind of losses?