Thread regarding Bank of New York Mellon Corp. layoffs

huge tech re-org happening soon

POP initiative 40% cut expected across eng,ops,product, architecture, etc. wave 1 comm expected soon

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| 8848 views | | 13 replies (last January 30, 2024) | Reply
Post ID: @OP+1qCHcCAC

13 replies (most recent on top)

@1lfd

We’ve lost a ton of tech knowledge and expertise from the Boomer displacement / retirement wave… so much that it’s no longer possible to revamp technology.

I left of my own accord after decades of 60 hour weeks. I’m well aware of so many technology decisions that are only known as limited tribal knowledge.

The knowledge drain of application architects is now unsurmountable.

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Post ID: @drby+1qCHcCAC

@jaq

You’re a Webo fan I see. Webos wobble but they don’t fall down. But isn’t that a kindergarten toy?

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Post ID: @apnk+1qCHcCAC

@1rne

Ok Roman… whatever you say LOL

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Post ID: @6gpx+1qCHcCAC

Oh man, once again time to rearrange the the deck furniture on the Titanic.

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Post ID: @6svo+1qCHcCAC

@1nso

Ground Control… the Eagle has crashed…

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Post ID: @5iaz+1qCHcCAC

We’ve lost so much knowledge and expertise from the Boomer displacement / retirement wave that it’s no longer possible to revamp technology. All that we can do is port our applications to new servers or convert our customers to Fintechs which purchase lines of business. We’re now a parts bank.

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Post ID: @1lfd+1qCHcCAC

do something about the SMDB tech wreck

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Post ID: @1mic+1qCHcCAC

I’m just fascinated by the slow rolling train wreck that was BNYM.

Every year it cannot get worse… yet, every year it does.

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Post ID: @1zdc+1qCHcCAC

Legacy eagle

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Post ID: @1nso+1qCHcCAC

Do you mean P-M (platform operating model)? Def look in MySource about that. Everyone’s worlds will be changing, not just tech.

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Post ID: @1xvq+1qCHcCAC

Part of that comment is untrue.. won't say which because I'm not giving myself up

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Post ID: @1rne+1qCHcCAC

75 onshore operations, 10 broker dealer support, and 5 MCS support. Most if not all of the work is moving offshore. STOP putting in overtime and going above and beyond for this company. Managers will only keep their favorites. Webo got maybe three years top before everything is gone offshore. The writing is on the walls people.

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Post ID: @jaq+1qCHcCAC

Any specific department?

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Post ID: @ivt+1qCHcCAC

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