Thread regarding Bank of New York Mellon Corp. layoffs

Treasury Services is the new JPM

Thank you JB. Let’s fill the missing revenue now with your wise ideas

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| 3081 views | | 4 replies (last January 10, 2024) | Reply
Post ID: @OP+1qvmfpai

4 replies (most recent on top)

They didn’t last in JPM…best idea ever was the snowflake PowerPoint

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Post ID: @soz+1qvmfpai

Wasn’t RTP suppose to make millions of dollars and lead the way of innovation? Where is this fantastic product now

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Post ID: @ong+1qvmfpai

Anyone that has been at the bank for 10+ years has experienced the whole products/platforms ’new’ concept.

Put groups together, a few years later (new leaders) separate them. Oh that’s not working, put them together - like we haven’t tried that before, then separate them.

Seems to me that what they don’t understand is that the issue is as simple as hiring the right amount of resources to do the work you WANT done. Hire separate resources for the work that is REQUIRED to be done (regulatory, resiliency, cyber security, etc). Hire real managers that have the courage to get rid of poor performers and replace them with good performers. Get rid of bad managers. Incentivize your employees to stay with the company.

STOP these planned layoffs which destroy morale and often eliminates the wrong people. So much knowledge is lost in this process. Understand you’re paying for business knowledge, from good performers. Don’t eliminate them because of their SALARY, keep them because their knowledge is worth the cost of their salary. Encourage them to share their knowledge with others. Let them retire from the company with a sense of pride.

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Post ID: @aes+1qvmfpai

There are barely any managers that ARENT from jp…insane

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Post ID: @reh+1qvmfpai

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