Thread regarding Bank of New York Mellon Corp. layoffs

You think they care that they can't attract younger talent?

I don't think it's too important to them anymore because they're too preoccupied with their bonuses and don't have much time to spend thinking about the future of this place.

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| 41207 views | | 24 replies (last May 3, 2023) | Reply
Post ID: @OP+1m0MUrNJ

24 replies (most recent on top)

Actually I know that you’re racist because you continually go after H-1B workers, smell , skin and hair characteristics.

You’re really missing out on some great coworkers and friends.

——-
Virtue signal much? Put back on your mask

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Post ID: @rnhn+1m0MUrNJ

@qfxd, actually, I've never mentioned H-1B's but I did point out the hair and eye color of all the so-called "diverse" employees Robin posted with on linkedin. But that was just to point out his racism and how he thinks diversity means more brown people and now white people.

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Post ID: @radu+1m0MUrNJ

@moyc

Actually I know that you’re racist because you continually go after H-1B workers, smell , skin and hair characteristics.

You’re really missing out on some great coworkers and friends.

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Post ID: @qfxd+1m0MUrNJ

@mpye, you're racist by assuming I'm white and that my criticism are due to race rather than the inferior education system in India. There's a reason taxes are cheaper in India and their education and infrastructure suffers from it. And the fact that the average IQ there is 20 points lower than the US probably is due to their culture and nutrition rather than chromosomes. But pointing out that FACT isn't racist, it's science.

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Post ID: @moyc+1m0MUrNJ

@7uek

I’ve seen similar issues with American developers as I’m sure that you have as well. But you only call out the minorities because of racism. Care to address that?

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Post ID: @mpye+1m0MUrNJ

The ugly face of racism is raising its head more often here than ever before. Are these really our coworkers and what happened to them to make them this way?

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Post ID: @mnxp+1m0MUrNJ

@lcif, please look up the definition of racism. Then you'll notice that stating facts about offshore workers is not racist but accusing someone of being racist just because they point out failures offshore workers IS racist.

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Post ID: @myfw+1m0MUrNJ

@chhb

Please… check your racism at the door. I’m embarrassed for the Bank that you’re a coworker.

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Post ID: @lcif+1m0MUrNJ

@coxm, you apparently don't know what racism is. But I'm SURE it's racism that causes you to determine that post is racist.

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Post ID: @chhb+1m0MUrNJ

@7uek

Wow I’ve seen racism before but this really takes it to a new level.

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Post ID: @coxm+1m0MUrNJ

@2rii

What are the better works?

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Post ID: @bmdi+1m0MUrNJ

@7bfq, YOU are the racist assuming someone is assessing the quality of someone's work based on race. I can give you countless examples of poor work from offshore even when we're holding their hands.
We were converting an old web app to new tech and were forced to use offshore "programmers". You could tell that they didn't have basic knowledge of elementary concepts such as data abstraction and their reasoning was worse than a 7th grader.
The framework of the new system was designed for multi-language support so instead of hard coding text on the screen they were supposed to use tokens and call the translate method to return the actual text based on the user's preferred language. We got 5 minutes into a code review and found many places where they just ignored that along with other severe problems. And during the next code review they had most of them fixed but then had popups with hard coded text that wasn't converted. They finally got that squared away and we noticed that they had also converted logging to use the translate function which wasn't part of the spec.
Then we explained to them how to work around an issue where a transaction key was based on the timestamp but the field wasn't large enough to keep it unique. Instead of following our instructions they introduced a random function to try to keep it unique but as you can imagine, it just reduced the frequency of duplicate keys. They CONSTANTLY use random function when they really want a unique value, not a random one.
But the best one was when an offshore tester contacted me to ask how to go about testing this batch program that another offshore programmer had changed. I told them "I'd run a few months worth of data through it before and after the change and compare the difference". I didn't hear back for a few weeks then they contacted me to ask if I did the needful yet! They're a tester and I was the SME and they interpreted that as ME doing their job.

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Post ID: @7uek+1m0MUrNJ

@2rii

Well, we do get better work from India. Check the racism at the door and pay attention. You’ll pick up skills and meet some great people.

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Post ID: @7bfq+1m0MUrNJ

@4ysk

So many low level employees consider their aisle to be “The Bank”. Always amazed by this.

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Post ID: @5pdc+1m0MUrNJ

My two hires last year were both under 30. I think you are all generalizing what you see in your areas and assuming it’s an issue Company wide…. It’s not.

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Post ID: @4ysk+1m0MUrNJ

@2rii

“The people on my team with zero experience always come as the better works than those with experience.”

Think that I’ll keep supporting H1B hires. Thanks.

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Post ID: @4gdb+1m0MUrNJ

@OP

They’re hiring cheap young talent constantly… what do you mean?

They’re cheap, need a first job and are naive enough to try to make a difference.

Same with H-1Bs except we get better work ethic.

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Post ID: @3djd+1m0MUrNJ

Younger talent means nothing and neither does having banking experience. The people on my team with zero experience always come as the better works than those with experience. The bank needs to change their mindset because they aren’t doing anything beneficial to their company or for their customers . And for the love of god stop sending stuff to India to save money . Not the smartest move either

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Post ID: @2rii+1m0MUrNJ

Did read the link. The trend is not our friend and hasn’t been since Mellon wrecked the balanced bank by selling retail in 2001. Amazingly, Bank of New York made the same poor move.

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Post ID: @1eon+1m0MUrNJ

Did you guys even read the link. Of course AUM will be down as the markets are down not to mention our sale of Alcentra. And let's be real, wealth management isn't exactly our bread and butter...

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Post ID: @1lve+1m0MUrNJ

@1kiw

Thanks for the link. The long slow slide continues from the days of the balanced bank….

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Post ID: @1zli+1m0MUrNJ

Sounds like BNY Mellon is vulnerable. Maybe even more vulnerable than this analysis.

https://www.pionline.com/money-management/bny-mellons-aum-plunges-246-year-ago

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Post ID: @1kiw+1m0MUrNJ

H1B workers are superior and younger talent than any lazy millennials

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Post ID: @hcf+1m0MUrNJ

Who is in control of all the finances ? The Bank robbers who rob the bank will always plan how to siphon the organization's money. The more you work hard , the more your manager will move to the elite club class of level M and above. Those who are able to learn these life hacks , it is very easy for them to manipulate the system.

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Post ID: @gmp+1m0MUrNJ

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