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?
14 replies (most recent on top)
Layoffs have nothing to do with responsibility or revenue generation. Strictly based on reducing costs. 20 year, high performers and revenue makers are being played off to save costs.
No low performing senior managers or executives have been played off. YET!!!!!!!!!
Any updates
@12h Again, Uniondale is not NYC. Literally the suburbs on an island. Wow.
@v2 oh no you hit me with reading is fundamental so cool. And again you choose to live there d-mb a-s
@tr read the title of the post. This is what most in this location will now have to do if they want to stay employed once they close the location. Nearest office becomes NYC. Reading is fundamental.
@r4 i wouldnt choose to live is sh-t smelling NYC for one. And you choose to accept a position there knowing you had to travel like that to get there so i dont feel bad
@r2 drive 20 minutes is also a dream! Try commuting on the railroad and subway and walking all for a total of at least an hour and 30 mins! Would you WFH then? Lol
@qp not when you’re job is at risk for something you have no control over. And you wouldnt say that when busting your a-s then having to watch business partners you repeatedly give answers too getting undeserved/unearned promotions while you get told “sorry we’re not allowed to promote bah staff”. Id rather drive the 20 mins in than risk losing my job becauee some mo--n up top closed my location and kept open ones costing them far more money in rent, taxes and payroll
@q6 I’d volunteer for WFH! Those downsides you mention are pretty much in place anyway for many in office.
Now you know how oriskany ny team and many others feel. Their building has been owned by bny since the 80s and sits empty for two years while staff has been forced to be permanent wfh. Can you guess who has been getting slowly picked off ever since because they are wfh and RV and his sr. dbags dont want anyone wfh. Make that sh-t make sense. And if they haven’t gotten terminated for made up reasons guess who cant get promoted or anything else because of that wfh status
What happened with the sites that closed in NJ? Were they forced to go into the city?
It was only a matter of time before Uniondale closed and everyone should have seen this coming. I don’t see many of these employees making the commute 4 days a week to NYC which I’m sure the company knows and doesn’t care. So easy way to cut headcount.
I remember interviewing there for a position a while back. The female who interviewed me had the personality of a door knob. Glad I didn't get that job. She looked like a real bag of fun to work for!!
Let them fire you. Do NOT resign. And make sure you put that in writing that they are choosing to let you go so they can’t weasel their way out of paying for unemployment.