2. The bank is having a wholesale sacking of employees, with many receiving falsified below expectations performance ratings absent any measurable metrics, which are then being used to lay them off.
It's widely suspected internally that forcing telecommuters out is a way to reduce headcount without having to pay severance.
Wed, 6 Mar 2019 6:18pm GMT
In response to the comment from Sir, it is highly unlikely that BNY Mellon would be moving his money or carrying out any other transaction on his behalf as it’s not a retail bank and most of the employees this will affect are not operational or front office client facing staff actually moving cash or carrying out the clients’ transactions. Every other financial institution in the City, including retail banks does allow flexible working.
Mon, 4 Mar 2019 1:21pm GMT
I quite like the idea of someone dealing with financial transactions and other peoples money (possibly mine), doing so from a controlled environment and not from their kitchen table with the neighbour popping in for a cup of tea and the plumber coming round to fix the shower. Isn't there a security angle to all this ?
Mon, 4 Mar 2019 12:43pm GMT
Often arbitrarily rescinding remote working flexibility results in huge knock on effects and seldom preceded by proper ROI OF RETURN ON EMPLOYEE EXPERIENCE type exercise. London & UK commute times horrendous and very costly. Employees have huge opportunities to explore alternatives as loads of jobs, so wont despair.