Friday, November 21, 2008

Massacre in City That Never Sleeps: Bank of New York Mellon Layoffs

Bank of New York Mellon has introduced a fairly massive layoff by announcing a reduction in force of almost 5% of their staff eliminating 1,800 employees jobs.

The bank acquired a financial company, which quite possibly was a smoking gun for why they're having underperformance and resorting to layoffs like all their sector buddies. New York high-end excesses is going to be a ghost town over the next couple of years.

Related:
Citi Under Siege: Citigroup Announced Layoffs Larger Than Expected
Lost Golden Boys: Goldman Sachs to cut 10%
Finance sector layoffs? Predictable as the sun rise.

10 comments:

Anonymous said...

The financial company is not very helpful to them.They must avoid making it a ghost town.


suman
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Unknown said...

decrease the amount in bank sector of new work mellon layoffs.Need to rest.

kurlie

need to rest

Unknown said...

the company is very strict that's why it growth is very fast.

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Anonymous said...

The bank took a very good decision for its financial improvement.

sam



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Unknown said...

It will not take much time to become a ghost town if it is move in just like this way.

Benjamin
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Anonymous said...

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tk.
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Unknown said...

this bank a very good decision to develop their financial improvement.

sucharita

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Anonymous said...

Existence of ghost town is a alarming news .

suman

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Anonymous said...

decrease the amount in bank sector of new work mellon layoffs.Need to rest.
suha
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Anonymous said...

They shouldn't name ghost to this town.

sam

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