There are more job postings for BNY right now than i ever recall seeing in the past decade. Seems like the company is doing fine..
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Most of these are reqs that need additional approval. BNY is currently in their 2026 budget season. A lot of these will not be approved and will be taken down in the new year. They will let applicants apply and will even let managers interview. The managers can not make offers though as these are not approved for the budget in 2025 and that is why you will see these same reqs sitting out there. The company wants to give the appearance of growth, but do not intend to actually fill most of these.
And they’re in areas not considered “growth locations” which is interesting because i keep getting told we can only fill reqs in those locations yet NyC seems to fill in NyC which is bs
Most of them are not new jobs. They are job req's as a result of the "location strategy". AKA closing down offices with decades of experience & replacing with people you wouldn't trust to use a stapler.
Read the job postings. If they say something like 'we're seeking a future team member' then it's not a real job.
Tax purposes
During 2009-2010, when the economic collapse happened, there were 1,000 of "ghost jobs." Financial institutions do not want a blank job board, it is bad for business.
When I was employed by BNY in 2021 (COVID), there were many positions posted for BNY in Wealth Management... but I would hear from people that worked in Wealth Management how BNY was not actively recruiting nor did the firm have a short term plan to fill those positions.
Everyone I know is planning to leave or is leaving bny (EU location). They are desparate to fill a lot of reqs without success.
The postings are simply a smokescreen for the layoffs!
Just because there are postings, doesn’t mean they will be filled. Just because there are open reqs, doesnt mean they will be active or filled. Just because there are postings doesnt mean there aren’t layoffs. And no, this company is not doing fine. It’s a house of cards.
You agitating simpleton.