Thread regarding Bank of New York Mellon Corp. layoffs

Bunch of boot lickers in the comment "bE ThaNKFulL U hAVe A JoB." 100% a boomer !

1yoq+1uC1A70u
Even the top echelon workers will discard a place for more money and more control over their working lives. Everyone except you desires WFH and flexible accomodations. Your ongoing halitosis of the brain about top 10% is exactly what is wrong and foolish- people want to be paid and rewarded with a nice career. They do not like being force ranked. One thing is for certain, people who cannot focus on facts , have attention deficits and fail to size up reality are the bottom. That’s you amigo.

I couldn't agree more....

“If you value and trust people to get on with their job, and give them autonomy – and flexible work is one of those – they’ll work better, you’ll retain them, and they will be less likely to have a stress-related illness.

@jdy - You're spot on!

Enforcing 5 days in the office will force people to rethink their future at BNY (I'm sure Robin is counting on this as a faster way to reduce head count, especially in the non-growth locations).

I personally was able to wfh 1 day a week before covid and 2 days occasionally if needed. Having experienced a different way of working for the past 4 years has given me the flexibility for a better work/life balance. The company has also benefited from this because when I work from home I don't need to think about my commute home and will happily finish what I'm doing. However, on my in-office days, I'm out the door by 5pm.

Very curious to see how this will all pan out! My job hunt has already began.

@jdy

You can call names - no issues. But the fact, is you are NOT a top talent, lest you will not be on this site whining ! The top talent - the 10% I mention - is already working the 4 days or 5 days at office if you notice. THIS IS THE DENIAL I am talking about.

'Expectations of 21st century' - was just made up in the 2020-2021 COVID days? Before that there was no WFH but a FWA (tax benefits were provided and that was the primary reason to provide and it was left to the manager's discretion). It was not an ENTITLEMENT

Stay in your dream world. No issues. But do not drag others into the unemployment line

vmx+1uC1A70u
Fear? The only thing in fear to be said, is that your post is long winded garbled nonsense. You always seem to use your bloviated opinion as real world facts. Simply put: Working remotely and telecommuting are expectations of the 21st century. They are not ‘benefits’ or ‘nice to haves’. EMEA and North America insist on it. Only a very small handful of people are shirking RTO nowawadays. You fail to realize that its being used as an excuse just to simply cut costs in locales that are expensive due to left politics, inflation and expensive regulatory controls. Nonetheless, many firms are already attracting better top 10% talent by offering to work remotely

@kvj
Your post shows your fear. Unless one is a super performer, which is not the case for 90% of the employed, the employer rules. Whether it is BNY or JPM this is true.

The 10% are not fighting RTO. They are most likely encouraging RTO as these super-achievers are not really workers but leaders&managers who delegate.

You want to 'believe' that there is a resistance. Unfortunately that post-pandemic hiring frenzy has fallen apart and now the firms are trimming .. May be they avoided a recession but they are slowing down and expecting to optimize with AI and off-shore.

The millennials (sorry to zoom in) are benefiting from the riches their baby-boomer parents have built for them. So they can go about saying, I can hold out for that ideal job but that is not true for the next generation - so this is making the employers even more stronger and lay-down the rules.

If you are unwilling to notice it and are in denial , you are a minority. Most of the Gen Z folks (I gauge them from 40-60 age group) are highly stressed out about their jobs and career. And it is not unique to BNY. Amazon, Google, Tesla have already implemented it. Meta is doing it silently. The folks who benefited receiving SFO , NYC salaries in remote AZ, AR, MS, KS locations are being replaced - quietly.

And Govts are with them as more commuters, more office workers increases economic activity resulting in more tax revenue and also service jobs (low income but projects a full employment for politicians ) - More child care workers, more commuters more gas sales ,more food sales ..

What I do not understand is, why majority here are in DENIAL ?

I can’t believe all the people complaining about going into the office. First be thankful you have an office. I don’t therefore will be laid off. After working from home for so long I have gotten sick of it and need to be out of the house. Don’t you want a change of scenery? It just seems like a ridiculous thing to complain about as you used to go in the office before with no issues. You need to pick your battles as I would think the issue of them offshoring jobs is bigger than RTO

@abk - Don't worry, they have an easy solution for the US office space problem. We're all seeing it now.

Lol.. wait till year 2025– its going to turn to 4 days per wk at bny

What BNY US office space can actually support 100% in office?

Please read WSJ article on Amazon directive

https://www.wsj.com/lifestyle/workplace/amazon-return-to-office-five-day-policy-1cf0c496?mod=hp_lead_pos1

It is an eye-opener. Every other CEO is waiting on the sidelines to see how Amazon is going to handle this and the outcome. If Amazon makes it work (and indirectly kicks out a significant portion of their workforce for non-compliance) then every other CEO will follow aggressively - now that they have the upper hand with a soft job market for white-collar tech and business workers

Add to that the off-shore hiring that is a big factor at the Bank

The article highlight : From Intuit CEO

Intuit’s most engaged staffers typically come in three to four days. Those who are there one day, or less, tend to be weaker performers. “There’s a massive experiment going on,” said Goodarzi of corporate work arrangements.

The writing is on the wall. Any RTO non-compliance is seen as a weak-performer (I am not saying it that is the perception). And RTO terminations are done without the manager's input. In other words one may be a top-performer but RTO non-compliance means the person can be out (despite the manager and department dependency)

It HAS HAPPENED. It WILL CONTINUE to HAPPEN. No one is indispensable

If Amazon fails like Yahoo! failed in this experiment then Hybrid model will survive But my feel is Amazon WILL SUCCEED or will make it look like a SUCCESSFUL implementation AND other CEOs will follow and use that as an excuse to TRIM the weak performers

I'll be off if he enforces a 5-day-week in the office. The atmosphere in our location is already quite dreadful.
Unreasonable workload expectations, people pushed to the limit. FORGET IT!