#rumor

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Shutting down Uniondale NY

Uniondale office has been used since early 1990s. Leased space trimmed down year after year to what is only one floor now. “Rumor” says entire location closing 9/1 with notice to be given 6/1. Take the Long Island railroad commute to NYC or resign. Approximately $5000 annual cost. No word if it’s 200 Park Avenue (Grand Central station) or downtown Greenwich office (train ride, subway ride, then a few block walk to the building). For most in the building commute will be 60-90 minutes one way when currently it’s 15-45 minutes. Best estimate is this affects 300 people, all of whom are well aware of the “rumor”. Also “rumored” is the closing of the Franklin Avenue location of wealth management (20-30 people?). Progress tells us to be robotic commuters, sit in small desks in a football field sized environment, everyone wear the obligatory BNY vest or Eliza jacket, whisper so as not to disturb colleagues, watch higher ups use their offices, never get a glimpse of the C suite, arrive early, stay late or be subject to ridicule. Leave home at 6AMish arrive home at 8PMish. Sounds attractive?


P66 to be acquired!

Water fountain rumors are that GoGo and Southernland have been meeting with outside legal teams negotiating an acquisition of P66. Anybody have any insight?
Watching the stock trades of the ELT and Board definitely makes one wonder if there might be some validity to the rumors…


Seems like layoffs are pretty minimimal this quarter

Usually - at least the last 6 years - layoffs have been rampant starting end of 4th and in 1st quarter. Haven't heard much about it lately, and not even on here. I'm wondering if it's because Maverick is so far behind schedule and/or they are now under the 100k employee mark?


Dan why are the executives pushing for TCS contracting company, fishy?

The rumor is TCS (Tata Consulting Services) will be the vendor, what is cooking here?
Dan in order to ensure competition exists, please do not limit to one vendor ... TCS has very poor delivery record. Hire cheaper, subpar contractors ...
One vendor approach will ki-l access to talent and competition. There is already alot of biasing, nepotism, favors being extended.

This is something to dig deep into, to find where the problem is ...
Conspiracy? Kickbacks? Why being pushed towards one vendor?


Less employees, Lot more work

No point of layoffs if they replace with new people. So they won’t. They are going to try to reduce costs if they laid off people. Some people think that they be safe if they survive layoffs. So they keep asking on this site “are there any layoffs?” and participate in rumors about it. Even though you don’t get a layoff, your workload will increase. Believe me all this types of conversations and any decisions will just make the company sink.