I hate that there is so little information available on the layoffs. We have no idea if it's done, how many people were hit, if/when it will continue... It's all a guessing game, and it shouldn't be like this. The leadership should communicate what's happening just to avoid unnecessary stress and confusion. But I guess they don't give a damn about how any of us feel.
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Gimmee a break. I’ve posted the article three times here and got yelled at by people who don’t believe reality.
Where is it on fire?? Not in financial services. Everyone is laying people off.
The job market is on fire now. What is keeping you here? It is not so hard to leave for anyone with even a two year degree.
As a rule it’s 2 days, most done on day 1. Of course if someone is out and they can’t reach them it’s extended, but that’s very rare.
@1zjv
Exactly what they did with central Ny.
2017-
https://www.syracuse.com/business-news/2017/07/bank_of_new_york_to_close_downtown_syracuse_operations_center.html
"The company remains committed to its presence in Central New York."
2021-
https://www.syracuse.com/business/2021/01/bank-of-new-york-mellon-to-close-operations-center-in-dewitt-moving-hundreds-of-jobs.html?outputType=amp
“BNY Mellon remains committed to Central New York.”
Globe mills office , Utica, no press. Lastly, Oriskany, closed 2023, no press.
Thousands upon thousands of jobs down to a few hundred which they are strategically in the process of laying off until there’s nothing left.
This company has been lying to its employees and the public all along and should be held accountable.
They are going to do everything possible to try to not trigger WARN notices. Those are a joke. And to not allow those laid off to interview for other openings? No displacement help? Evil, snakey, sneaky Robin. Trying to make this place as twisted as Goldman, trying to prove himself to people who give no sh--s about him.
It's unethical and irresponsible but it has always been the way at this dump.
however the stock price has been rock solid at the same level for the past 20 years
BNY Mellon reported a 38% drop in fourth-quarter profit to $509 million.
They dont and they wont unless it crosses the threshold required by law. You will get an idea once quarterly results are released on January 12th. BNY Mellon usually reports the planned sub plan costs.