Thread regarding Bank of New York Mellon Corp. layoffs

US coworkers axed

So why are they separating our US employees from one office to rehire in another? Brilliant. Will they be doing that in the UK also?

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| 7046 views | | 18 replies (last June 10, 2024) | Reply
Post ID: @OP+1sFyKBN1

18 replies (most recent on top)

Lake Mary, Pittsburgh and Pune should be our only locations. They really blew it when they acquired Pittsburgh and left the HQ in NYC. That sole move destroyed two banks.

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Post ID: @ipev+1sFyKBN1

You are 100% on the age. Last few I heard of were in their mid to late fifties.

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Post ID: @gpgs+1sFyKBN1

Anyone who thinks that they’re going to keep allowing perm WFH or keeping an office open with a few hundred or less employees, you’re just not reading the writing on the wall. If a position leaves those smaller locations it’s replaced in a growth location. RV does not want the smaller offices to stay open and his enforcer AP is going to make sure that happens.

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Post ID: @enck+1sFyKBN1

I was let go from Oriskany (after I trained 2 people to do the job I was hired to do) and also they let go a 2nd well seasoned person after she also helped train 1of the 2 “new team members” who were actually shifted from OTHER areas within the main department. Literally there are 10+ jobs in PITTSBURGH or Lake Mary that have my position listed. So if they were actually going to have “remote” they wouldn’t let seasoned workers go and have to train newbies, they could actually do remote!

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Post ID: @euhu+1sFyKBN1

@5iig, the youngest person on our team is in their upper 40's unless you count the high school kids in Pune.

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Post ID: @6nlb+1sFyKBN1

Pittsburgh is the ideal site. Incredibly solid skilled well educated employees, all working for a fraction of NYC or the U.K.

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Post ID: @5ykx+1sFyKBN1

@5dwj+1sFyKBN1 Respectfully, that’s an easy answer. Most of the employees are not older. And if they are, it’s because younger employees jump as they don’t need the security for their responsibilities- houses, kids

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Post ID: @5iig+1sFyKBN1

When most of your employees are older, of course most of the downsizing is going to be older employees.

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Post ID: @5dwj+1sFyKBN1

@4kur+1sFyKBN1, you’re probably right. When they pick and choose who gets laid off, they walk a fine line of discrimination & ageism. They always throw in a non-successful younger person, but everyone knows what they do.

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Post ID: @5xux+1sFyKBN1

That’s awful. How can a company do that to its employees? I’m guessing they were older too. Lawsuit waiting to happen.

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Post ID: @4kur+1sFyKBN1

@1dzx+1sFyKBN1 - this is too much common sense for sr. mgt.Instead our “growth” locations are more expensive than other areas and/or filled with incompetent people

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Post ID: @1fdt+1sFyKBN1

It's 100% incompetence. We should be hiring where the talent is for the best price and spread them out to protect against another 9/11, hurricane sandy or pune flood.

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Post ID: @1dzx+1sFyKBN1

I heard Frayman will be replacing Newman on Seinfeld.

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Post ID: @1who+1sFyKBN1

$$$. Simple as that. Certainly not client or employee experience.

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Post ID: @ltl+1sFyKBN1

Someone in NY was let go only for the new req to be opened in Pittsburgh. The difference was only 10k in cost

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Post ID: @taq+1sFyKBN1

And they make life so miserable here, especially in the non-growth center locations they are driving people to quit, certainly in my location.

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Post ID: @kpd+1sFyKBN1

This is a much better solution than layoffs. Have to acknowledge when management gets something right.

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Post ID: @anx+1sFyKBN1

Or if someone voluntarily leaves their replacement can only be refilled in Lake Mary or Pittsburgh. Even when there is a fully operational office we are not hiring in that location, only LM and Pitt. That is certainly writing in wall for non-growth locations.

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Post ID: @ivl+1sFyKBN1

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