Is Layoffs stopped ? What is the current situation of the bank. I joined last year Aug, my teammate got laid off who joined with me. I feel insecure now. Will Layoffs happen again in 2024 ?
Thoughts pls.

Thanks

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Even I don't think so it will stop anytime sooner as this is the start of a bigger storm is what I heard.. TC and start preparing to look out for suitable opportunities.. They are mainly targeting lateral hires with less than a year or 2.. Fresher's are not laid off as they are hired under Robins pet project and people with long years in BNY are given a thought twice or thrice before being considered for layoffs

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I expect layoffs to be till start of 2025.. The least that employees can expect is from management is to inform potential layoff exercise time period and who it will predominantly affect

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I got doesn't meet expectations this year with 0 hike. I want them to layoff me. Why are not they starting layof for me. How can I make them to lay me off

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31st January, waiting for the date

I don’t think so it will stop anytime soon.
Because
1. Only few departments know what is in pipeline in-terms of work
2. Layoff will not stop until Q1 results because they want to show increase in revenue thats what i think
3. They will balance headcount in india vs rest of the world
4. They will fire expensive hire and get cheaper resources

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Anyone laid off recently pls let us know what u faced , so that we can be prepared

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dont join

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Very well still on, many more to come or should i say many more to go 😵

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Layoffs have started again from this week !

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They must have hired as it's easy to hire on a replacement requisition rather than creating a new requisition.

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