Hearing from several prominent people that Goldman Sachs is taking over and mass layoffs are slated for next week (not just this past Friday) and beyond. I am also hearing that our friends overseas (you know- the offshore people in Pune) are going to be receiving any job reqs and locations like Lake Mary and Pittsburgh are going to be, if not phased out, greatly streamlined. Finally, the AI initiative is being met with heavy resistance from the "rank and file" and this, along with RTO and offshoring 'concerns', are a large part of the "rationale" for layoffs...this and the stock market (translation: how it benefits RV). 2025 will be nothing compared to 2026.
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@et
42, 43, 44 blah blah blah… the only market order you can do is Taco Smell as that is all
You can afford on collecting bottle returns
@c6 if you look it up bny joined forces to come up with some tokenized money market bs . It also says RV has them believing we’re more stable than them. Plus the biggest is RV is ex GS. Hes also got everyone fooled. he has everyone believing he’s brought in all increased revenue and stocks are amazing blah blah. Its coming from cutting heads. Yet they feel bny is so strong and AI is gonna make it amazing.
Is this considered insider info? I have a market order for 20k shs BK at the opening.
Well, 42 can’t even do math. He should be at 43 if not 44 by now! I definitely don’t trust him.
@a1 evidence includes
- BNY has been active on The Layoff consistently for the past 5 years.
- jobs overseas India and Poland increased in those locations. Layoffs/decreases in US and UK
- Severance (Sub) payouts on financials increases yoy.
Currently seeing staffing cuts/ not opening me positions. And eliminating or reducing severance by questionable firing tactics
We need more DEI. I enjoy failure.
Don’t bother about 42 folks,don’t feed the troll..I have a question?why would GS takeover ? OP meant GD management takeover? I don’t see a synergy between the businesses,they just off boarded the credit card business to JPM..we are a better fit for say DTC or likes of even Citi or state street (merger)
@aa totally agree. 42 is just a stooge who trolls this site looking for intel and tries to dissuade the comments and messaging of if the comments are accurate and implicate senior leadership’s questionable decision-making and continued unethical practices. Complete erosion of trust at so many levels.
@bf this reminds the indian folks, one came in, then the whole village follows lol
You do realize GS folks have been being brought in and those folks have been bringing in their pals and giving open reqs to them. BNY is sc--wing over everyone that has experience to bring in people from GS that think they know sh-t like “loans” . Sorry but just because you know a process or system at one company doesn't means its done or used the same. And the lack of knowledge with them because of this is very transparent. This is why they’re also working on pushing out tenured bny staff. Just continuing to bring on more sh-t from GS
I’m convinced 42 is a persona created by an HR troll trying to diffuse the employee intel. I wouldn’t be surprised if it was a not-so-clever chief of staff support staff member.
In any case 42, you need to upgrade your game - your MO is predictable.
@OP you meant those forced out gs losers are taking over bny’s “leadership” team.
I am calling this bull pucky. In 42 years I have yet to see more than a faint trace of so-called layoffs. Dear Todd set a high standard, I grant people that, but it would appear that Robin is handling things just fine, thank you very much. Show me evidence of layoffs.