Is it true that eventually BNY will move most tech jobs to Florida/India?
Will there be many more layoffs coming?
17 replies (most recent on top)
Ignorance is bliss but why be proud about it?
@cvow, there is no such thing as free education.
: @1lfo+1qivNNhb
Wroclaw is a college town and in Poland they have FREE higher education (unlike us in the US :-( ). So they have a very young and highly educated population that is probably willing to work for half of what it takes in the States. Guessing their cost of living is really low compared to here as well, and BNYM is surely getting tax breaks or they wouldn’t do it.
@7ntr, Lake Mary is over 250 miles from Miami. That would be like saying Manhatten is rich, we should open a WM office in Buffalo.
Poland, Israel, Belarus and Romania happen to have the best cybersecurity skills in the world. If they didn’t they wouldn’t have existed as long as they have.
Anybody knows How many of the “few Senior Managements” “the BNY wants”?
We’re hiring people who cannot even speak coherently in English and we somehow expect our Wealth Management clients to get in step with them? Is “the Keating name” supposed to bail us out?
Do people really not understand that almost all of Florida is packed with wealth management companies? Raymond James alone dwarfs our puny efforts at Wealth Management. Lake Mary would be a great Wealth Management area for the Bank if we opened it up under another name, but we’re too busy reading our own marketing.
Miami alone is an almost unbelievable center for wealth management. While the Bank dies right along with Manhattan. Surprise… people run from decaying regions.
Interesting. Anybody knows how many managements do we have?
More like Lake Monequa
LM "talent pool" is minimal to non-existent
More layoffs coming January - rumors of between 5 and 30% in US Growth Ventures .
I’d rather work in Manchester. Ridiculously overpaid, strong pension and labor laws, on and on. Even Charlie learned the hard way that the lowest performing employees in Manchester have far more rights than the C.E.O..
The BNY wants the few senior managements who are living in US and enjoying the western developed country high standard life style. The rest of the employees can be all Indian employees living their low India level living standard. Greed is the only fact in BNY.
If given an ultimatum to move or be let go, do you think a SUB package will be given if you choose not to move?
Really…why is Poland a growth center? I ask as the political environment is tenuous, the labor laws are much more in favor of the employee vs here in the states where the employer is protected. No one has been able to answer this yet. Would appreciate a reply, not a sarcastic response or an attack.
Rest assured the company is striving to uproot the lives of U.S. tech employees.
they will do what it takes to develop the current talent in LM, Pittsburgh, and Manchester so that they can drop NY/JC folks with little impact at a much cheaper cost. so yea, eventually