Tomorrow is April 1. Layoff month commences! 💩
45 replies (most recent on top)
It’s now May 1st. The annual April Fools prank from our Tool wasn’t any funnier than in the last 3 years, and we are in our third year without any significant layoffs.
And no, displacing non performing people with a package is a gift, not a hardship.
@htnt, they're just ignorant and suffering from TDS. Ignoring the fact already posted here and ignoring media reports.
https://wolfstreet.com/2021/01/14/blaming-lower-interest-rates-northern-trust-3-trust-bank-quietly-laid-off-500-people-last-week-2-bny-mellon-quietly-followed-this-week/
https://www.americanbanker.com/news/trust-banks-under-extra-pressure-to-cut-expenses
I don’t understand people saying that there have been no layoffs. There absolutely have been.
Ok, no significant layoffs in three years of the Todd era. Should layoffs start up again after a 3 year hiatus Is expect it in May.
Wrong, @5qui. Here's the people affected according to the OWPBA Analysis when several of my co-workers were fired just days after the 2020 COVID promise expired.
BUD: Clearing Markets ISS Services Technology
- Age calculated as of January 22, 2021.
1 Anticipated separation date January 25, 2021, except for those employees on a leave, whose separation date will
be determined upon their return.
Page 2 of 21
Job Title Age* Level Selected1 Not Selected
Grp Mgr, Bus Analysis 58 L x
Ld. Front-End Dev 25 I x
Ld. Full-Stack Dev 63 I x
Prin, Back-End Dev 47 L x
Prin, Back-End Dev 51 L x
Prin, Bus Analysis 33 L x
Prin, Bus Analysis 56 L x
Prin, Bus Analysis 60 L x
Prin, Bus Analysis 61 L x
Prin, Bus Analysis 62 L x
Prin, Bus Analysis 68 L x
Prin, Full-Stack Dev 57 L x
Prin, Full-Stack Dev 61 L x
Prin, Full-Stack Dev 68 L x
Prin, Mainframe Dev 63 L x
Prin, Prod Svcs App Sup 46 L x
Spec, Back-End Dev 45 J x
Spec, Back-End Dev 66 J x
Spec, Bus Analysis 50 J x
Spec, Front-End Dev 56 J x
Spec, Full-Stack Dev 63 J x
Spec, Mainframe Dev 58 J x
Spec, Mainframe Dev 61 J x
Spec, Mainframe Dev 65 J x
Spec, Mainframe Dev 65 J x
Spec, Prod Svcs App Sup 63 J x
Spec, Prod Svcs App Sup 66 J x
Spec, Prod Svcs App Sup 69 J x
Spec, Proj Mgr 63 J x
Spec, Proj Mgr 65 J x
Spec, Qual Assr/Test 57 J x
Sr. Prin, Full-Stack Dev 57 M x
Sr. Prin, Prog Mgr 60 M x
Sr. Spec, Back-End Dev 30 K x
Sr. Spec, Back-End Dev 46 K x
Sr. Spec, Bus Analysis 50 K x
Sr. Spec, Bus Analysis 55 K x
Sr. Spec, Front-End Dev 43 K x
Sr. Spec, Full-Stack Dev 38 K x
Sr. Spec, Full-Stack Dev 54 K x
Sr. Spec, Infra Engr 48 K x
Sr. Spec, Infra Engr 64 K x
Sr. Spec, Mainframe Dev 65 K x
Sr. Spec, Prod Svcs App Sup 45 K x
Attachment C-1
Technology II
BUD: Clearing Markets ISS Services Technology
- Age calculated as of January 22, 2021.
1 Anticipated separation date January 25, 2021, except for those employees on a leave, whose separation date will
be determined upon their return.
Page 3 of 21
Job Title Age* Level Selected1 Not Selected
Sr. Spec, Prod Svcs App Sup 54 K x
Sr. Spec, Prod Svcs App Sup 57 K x
Sr. Spec, Proj Mgr 53 K x
Sr. Spec, Proj Mgr 56 K x
Sr. Spec, Proj Mgr 65 K x
Sr. Spec, Proj Mgr 71 K x
Sr. Spec, UX 42 K x
Sr.Group Mgr,IT Risk Mgmnt 53 M x
@fzrs No layoffs for over two years and counting if facts still matter.
There have been terminations with cause however.
Fake news, @emgn. Hundreds if not thousands of people have been downsized under Todd and will continue to be.
Nor will there be any in April this year. No layoffs in 2020, 21 and so far… 22.
Feb, May, August & November were the traditional layoffs as Charlie organized them but we took the COVID money to not displace in 2020 and 2021 and displace we did not.
There have been exactly none so far in April.
Ummm, it STARTED in early 2020 and peaked in 2021 when the axe fell in treasury services. Sheesh!
Totally incorrect. COVID didn’t even start until the third week of February, 2020.
Check it out.
@avtd, seeing your TDS, it's no surprise you're too ignorant to know that the loan forgiveness only required that employee and compensation levels are maintained 8- to 24-weeks. Of course, BK isn't even listed as a participant either.
I got laid off from BNY during COVID/WFH in 2021. My entire group did. 1 year guarantee must have expired.
Absolutely false. In fact BNY accepted Trump funds which came with a requirement of no layoffs. There have been no significant layoffs ever since.
You clearly do not work here troll.
#FakeNews. That never happened. maybe one person in your aisle.
@acpb, that's flat out wrong. Significant downsizing occurred in January of 2021 during the peak of the covid pandemic in the US. It included over 100 people in treasury and was well after Charlie was on his way to destroy wfc.
Displacements happen every month and there are many reasons for them. The layoffs are quarterly and haven’t been significant since Charlie left. That’s why this layoff board has talked about everything but layoffs for the last 3 years.
Wrong. They happen every month. Sometimes they are just smaller. There will definitely be layoffs this month.
Layoffs can happen at anytime for individuals whom are simply not cutting it or other reasons. The scheduled mass layoffs are different and have never been in April.
February, May, August & November have always been the months.
With the loss of so many talented people it is doubtful that there will be layoffs this year
Get a f'ing grip. Layoffs are always right after the mid month paycheck. No one said it was a huge layoff, ever. But there will be layoffs. Not a joke.
vvvEngle, Bridget
No layoffs again. The April Fool is now 0 for 3.
Some April Fool really is dedicated to his annual pet prank.
Chop chop. I’ll believe it when I see it
Lots of chatter here but no real information
That thread is from last April. Rumour has it that this Monday is chopping day
https://www.thelayoff.com/t/1akJaTr9
@2idc+1g1mcuCd. Is right. Same tool posts this April Fools gag every year.
No layoffs in April this year and likely all year. Makes sense as so many are leaving on their own. Problem is that those leaving are mostly subject matter experts and often the best and brightest. Off shore model may work for Operations but that’s all. Don’t see how we survive the brain drain.
Name one vvv dept, please.
@3cvl - I'm not even the same person. Lol.
@3cvl - There is something wrong with your level of interpretation.
You never get tired of posting that every year even though it never happens. There are far better April Fools gags.
@2idc - the post was not an April fool's joke. There will be layoffs in the month of April. Try reading the original post again.
@2qew,
Ummm, yesterday WAS Friday.
And I was notified on Monday last January along with a hundred others in TS.
There will be layoffs this month. Fact. Fridays are the usual day so nothing yesterday was zero surprise. It’s still going to happen.
Ok, no layoffs occurred on April 1st.
I recall the exact same April Fools rumor here last year regarding April 1st layoffs and it didn’t occur then either. People can write what they want of course, but why knowingly post bad information here that can only serve to make people nervous and needlessly stressed out?
Not everybody gets the April Fools joke.
All fake news
I'll ask my boss about it in our catchup meeting he scheduled with me tomorrow.
Some of you will receive a meeting invitation tomorrow, subject - Permanently Remote
We find it's always better to fire people on a Friday. Studies have statistically shown that there's less chance of an incident if you do it at the end of the week.