Thread regarding Bank of New York Mellon Corp. layoffs

Adding people and then cutting experience

Confirmed layoffs of more workers this week in global CSD and other areas. Hearing much more January. 1 percent growth, lost client revenue and 3 percent expense is not good regardless of what they say. Core values are a thing of the past. Continue to hire jpmorgan execs indicating no internal talent. Charlie making his mark as a person who talks about family but could care less of our families. As i write this watching new hires from summer sitting around looking for work to do as old managers are no longer able to direct. Really smart to add people and then cut experience. Heard of higher client complaints. Not how this company used to care about workers and stock price was much higher before outsourcing.

This couldn't be more true, so I wanted it to be more visible on this board. Originally posted on another thread by @VGKG0X1-Heip

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| 2633 views | | 2 replies (last January 22, 2019) | Reply
Post ID: @OP+WnG4ImG

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JPMORGAN merger coming. Many more layoffs coming in February also. New management is clueless in BPO. New management telling employees looking to apply with heritage BNYMELLON management that they should not apply because they dont want to be linked to the old regime. Place is a disaster. Get out before they totally eliminate the supplemental income.

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Post ID: @Syzy+WnG4ImG

Hearing the same thing in Upstate NY, layoffs in Syracuse and Oriskany come January.

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Post ID: @mgaa+WnG4ImG

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