Thread regarding Bank of New York Mellon Corp. layoffs

Todays layoffs

Bny at it again today. Targeting wfh staff again. Whose teams got clipped this time?


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| 14056 views | | 37 replies (last March 30) | Reply
Post ID: @OP+1kj5t1dr1

37 replies (most recent on top)

So happy I no longer work there. Underpaid and overworked. What a sh*t place to work. Run while you can, dont wait for them to sc--w you over.

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Post ID: @574+1kj5t1dr1

@xh

Don't come to this board and cry / s-b / throw a fit when you WFH slackers are targeted and sent on their way - The other in-office-slackers WILL celebrate with extra Latte

You re not required - that is the message the foreigner is delivering - if you have had a proper education and some level of comprehension .. Go bac k to your mom's basement and playing the video games and apply for Soc Security or Disability - the WFH folks are good at these frauds

No more WFH

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Post ID: @108+1kj5t1dr1

@wt it’s not because of slackers because we can fire slackers. it’s about the bigger picture

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Post ID: @zd+1kj5t1dr1

@xh move close or stay in motel 4 days a week.

Better yet find a new job, how much notice do you need SMH your job is going away.

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Post ID: @xt+1kj5t1dr1

To the ones crying on here “ well if i cant wfh home you cant either” blah blah. Your bi--h azzes can go work in an office while we cant. why should I lose my job cause some foreigner is overseeing the company and closed my location and is now holding that against me. You mo--ns think we wouldnt drive in if we could? So sit down and stfu

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Post ID: @xh+1kj5t1dr1

@ht you sound unhinged

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Post ID: @xg+1kj5t1dr1

@wt Amen brother

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Post ID: @wz+1kj5t1dr1

@px

Slacker - you are welcome to commute 4 hrs AND THEN slack off. No one is asking not to. Everyone is saying do not do that as WFH

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Post ID: @wv+1kj5t1dr1

@pw

You can give zillion reasons - even your house exploding due to gas leak - there are avenues to handle that - vacation / sick time / WFA or special permission - One does not have to be WFH anticipating the next missile landing on their roof

These are the folks who are the abusers who cost us, genuine workers, the Agile Flex, 2 days at home.

So, if I have to come to work 4 days, you can also. If I am running the effing risk of my house exploding when I am at work - you as the privileged BNY employee are welcome to enjoy the same risk. That is the cost of being a BNY employee - if that is not acceptable, you are welcome to join other firms where they let you work from your bathroom - No one is objecting to that or stopping you.

And this is the stupidest excuse I have ever seen - using a rare emergency to justify goofing as WFH, twiddling thumbs waiting for the water heater to spring a leak

You are welcome to twiddle your thumbs at 240 G. No one is stopping you.

WFH is not an entitlement. As someone here says - if I am made to commute to 240 for 4 days then EVERYONE should - to office wherever they are, be it London, Pune, Pittsburgh or Lake Mary.

Why the F , did they take my privilege away when I worked more hours at home? Thank you abusing slackers !- The slackers also should be penalized. Either everyone gets or no one - unless it is a case-by-case evaluation based on lawful conditions - not the expectation that water heater may spring a leak

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Post ID: @wt+1kj5t1dr1

@pw+1kj5t1dr1
Best comment in eons on here! So true! People can and do slack in the office big time. What does location have to do with anything? I see many people are on the iPhones, walking around, in the cafeteria at odd times, etc. etc. etc.

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Post ID: @px+1kj5t1dr1

People can slack off no matter where they are. Take the NJ location where people spend all day playing ping-pong or practicing dances for Diwali. They aren’t working. But they are in the office so it’s ok. Meanwhile, if your hot water heater goes and you need to be home so a plumber can show up, that means potentially risking your job. Even if your job entails being on teams 90% of the day and not interacting with anyone in the office because everyone you work with are in other states (or countries). Those who staunchly think WFH automatically equates to slacking off really have little common sense. Are there people who do? Absolutely. But location isn’t going to keep a slacker from slacking. And someone who actually works when at home… they are out there too. Having the right people is what should matter, not whether or not they spend a ton of time/money commuting just for the sake of swiping a badge.

But, I am aware, it’s near impossible to argue with stupid.

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Post ID: @pw+1kj5t1dr1

@ek being an “under performer” is the definition of why you should be riffed.

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Post ID: @kn+1kj5t1dr1

@ds except that they pay you and require you be in the office.

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Post ID: @km+1kj5t1dr1

@g1 agree that employees are not slaves chained to the company. Imagine what our great ancestors felt when they were abuse traped not able to leave the plantations. You are all free to get the he-l up and out.

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Post ID: @jj+1kj5t1dr1

@dv fairness? You think its fair people were forced home and now forced out because of it. Cry a river elsewhere. I’d rather drive to my empty office than lose my job karen

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Post ID: @jh+1kj5t1dr1

@hv Who is the “WE” in ‘WE ARE CHEERING FOR YOU” statement? Loyal supportive teammates, mid-level management or the EC? This statement is arrogant and insensitive to widespread, longstanding employee feedback. This ignorance is the reason why employees dislike RV as the captain of the ship. BNY is not a charity, but the decision to cut WFH simply because a facility closes at the company’s direction is purely cost driven and ignores the fact that productivity, experience and talent loss are mutually exclusive to facility closures. RTO policies are simply designed to promote attrition without severance and ultimately for the company to displace higher cost US workers and replace with lower cost global offshoring. WE THE PEOPLE know that.

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Post ID: @j1+1kj5t1dr1

@f2

If they closed your location, then your position is eliminated. They have no obligation to keep you employed. They are running a business not a charity. You can leave - a digital assistant will replace you. If you think that it is going to be failure, you are welcome to watch and enjoy the downfall of BNY from your unemployment line.

If you cannot understand that - then there is the simplest reason - for you being let go

Why these WFH id--ts do not understand that this firm is an at-will employer and they are always welcome to find greener pastures.

RV for a reason is the captain. You are a liability (that is what the captain feels) and he is the one who is running this ship (you may say aground).

When you become the CEO you can reinstate the 5-day remote working for all. Please become the captain. WE ARE CHEERING FOR YOU

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Post ID: @hv+1kj5t1dr1

I have a simple policy

If I cannot "enjoy" the Work-from-Home benefit, no one should be provided that.

Even I want to mow my lawn when it is sunny, fire my baby-sitter, save on the child-care, save on the huge parking costs and increasing NJ Transit and toll hikes, spend reasonable time with my kids in the evening. Have nice jog during lunch break, lessen my stress on driving and public transit woes and crowd. Also move to a less expensive county / state

Yeah, I will be highly productive, while watching Netflix. I do not interact with the clients. 100% of my work is with the different systems.

Why the f ... I have to be in office for 4 days when the real people who interact are screaming their lungs out, in the Teams call, where the participants do not even fire up their videos (they are in their pajamas?) - The company does not even provide me a noise-cancelling headset. I had to buy my own to drown the id--ts who "interact" with such loud voices.

They are the ones who should be in office and read each other's reactions when they "brain-storm", lay the roads for the future

So simple rule - no reasoning required like above - If I cannot enjoy (or abuse) no one should and they should not be employed.

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Post ID: @ht+1kj5t1dr1

@fy comply with your masters or quit (which your better option for us ,find new remote job start your own business)

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Post ID: @g1+1kj5t1dr1

@f5
There is NO obligation to apply WFH policies consistently. WFH works better for some roles than others and WFH works for some employees better than others. If a company isn't flexible enough to take advantage of that, they are losing out.

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Post ID: @fy+1kj5t1dr1

@f5 lets be realistic. Dont fu-k your employees over after putting them in the situations they are in. Now theres there point and i created the post so theres that

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Post ID: @fk+1kj5t1dr1

@f2 I am pro WFH. The reality that all of us must see is that these are business decisions. We don’t understand them. We may not agree with it.

A Company does not have to:
Create remote roles
Convert on-site jobs to WFH
Keep employees employed after closing a location

Their obligation us to apply the policy (whatever it may be) consistently.

We can have our preferences as employees but also need to be realistic and that was the point of the post.

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Post ID: @f5+1kj5t1dr1

@dq you all need to get a clue. Many were forced to be full time wfh. They didnt choose it . They are closing locations and letting them sit empty while bi--hing about people wfh. Get a life

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Post ID: @f2+1kj5t1dr1

It was JPM who sc--wed over the WFH culture. Those who truly need it are sc--wed. Income and Corp actions were let go. End of March Custody folks will be released. They are still letting “under performers” go with no clear reason. The RTO mandate is just to instill fear. The culture atmosphere has changed since 2020. They have lost so many people with years of knowledge and value. The trust from many employees is gone.

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Post ID: @ek+1kj5t1dr1

Anyone know which groups were hit?

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Post ID: @ed+1kj5t1dr1

It has so little to do with behavior and more to do with term management of various leases and contracts and worldwide workforce cultivation… zoom out. No prizes for good boys.

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Post ID: @ea+1kj5t1dr1

I don't mind the office, but I'm in tsg. Why are so many in tsg that are MD's permanently based at home? What a bunch of BS.

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Post ID: @e6+1kj5t1dr1

@dt Agree. Many people do laundry, run errands, and even do full-time caretaking while WFH. Unfortunately some of this behavior ruined the privilege for all.

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Post ID: @dw+1kj5t1dr1

@ds It is not being anti WFH. It is about fairness in the application of the policy. If a business decision was made for staff to be in office 4 days a week, then tbe policy should be applied across the board and not selectively.

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Post ID: @dv+1kj5t1dr1

I love the anti WFH losers on this post. The “abuse” is just as bad if not worse with the in office folk who just socialize, walk around, or hit up the cafe alllll day. Theres no sense in being in office when all you’re doing is sc--wing around clock watching in between meetings with the overlords from India. We literally doing nothing but polluting the air, cramming the interstates, paying unnecessary parking or tolls, and just having an overall lower quality of life by going to the office to do exactly what can be done at home. There’s zero difference. NONE.

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Post ID: @ds+1kj5t1dr1

@b9 Agree. People should come to terms that business needs evolve and WFH is not guaranteed forever. WFH is abused and the unspoken truth now is about the many employees that go to the office only for a few hours a day to meet their badge swipe. How is this not disruptive to the business when an employee may be using office hours to commute?

Also, MDs should lead by example. If staff is required to be in the office, MDs should be in the office bright and early.

The biggest issue, where the Company loses credibility, is the selective enforcement of RTO and quiet exceptions being made where it allows for some to remain WFH. This undermines fairness and transparency for all.

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Post ID: @dq+1kj5t1dr1

WFH is being systematically abused by majority - even the Agile Flex is. Everyone knows that. It is unfair to those su-kers who need to commute to the city 4 days a week and incur ever increasing commute costs. There may be genuine cases for WFH - medical reasons, family care - there are laws for that like FMLA to provide that.

So, even if folks can claim that productivity is high with WFH, the abuse is pretty rampant. I wonder why a MD has to be WFH when Full Stack Developer - who never interacts with clients or business - has to waste 4 hours on commute.

EC has made their decision as an employment condition. If one does not like it, the option is also pretty clear. But abusing and gaming is not acceptable.

I am with the management to remove WFH and requesting to reintroduce Tele-Working on need basis approved by immediate managers. If I want to attend my kid's recital then I can excuse myself with manager approval than burning a vacation day.

It also can be abused but it is now manager has to defend his decision.

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Post ID: @b9+1kj5t1dr1

Days like this I'm thankful for the 30 year old systems that AI can't work with. I'm sure they'll figure it out eventually however.

Morale is at an all time low. We all know it. For the first time, I have actively started looking external.

I remember a company which prided itself on training, being the best, qualifications were there if you wanted them. Now it's drone like drudgery under a McKinseian cloud.

I'm fed up of giving merit talks to my team who work hard and get pittances on the same week stocks are at an ath.

It's deliberate. We know it. They know we know. Round and round we go.

Right now it seems like we're just propping up each other in some sort of defiance. That's what they want.

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Post ID: @an+1kj5t1dr1

@a3 Meanwhile the Q4 report has a line graph showing continued layoffs and the number of “digital employees” exponentially growing on the same page. You’d think they were smarter not to make it so obvious if they’re going to blatantly lie like that.

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Post ID: @af+1kj5t1dr1

Theyre terminating wfh just because the status, offshoring anything else they can and using AI to also eliminate positions. They aren’t there with AI yet so theyre just sc--wing people on the first two

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Post ID: @ac+1kj5t1dr1

@a3
Today’s RV Townhall was all about AI empowering us to do more interesting jobs.
Noone said these more interesting jobs will be at BNY.

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Post ID: @ab+1kj5t1dr1

Really? We keep hearing at all Townhalls and Spotlight sessions you can think of how AI wouldn’t result in workforce reduction. Just empowering and increased productivity…

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Post ID: @a3+1kj5t1dr1

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