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How BNY Keeps Headcount Stable While Gutting the U.S. Workforce

Wanted to voice a concern that’s outraging to many US posters and visitors on this site.

BNY’s headcount story under Robin Vince has been one long magic trick: shrink the U.S. workforce while making the numbers look stable. The trick works because BNY doesn’t just hire visa workers — it offshores U.S. jobs to India and Poland at a scale employees feel every day but leadership never says out loud.

Since Vince took over, BNY has quietly shifted thousands of U.S. roles offshore. Technology, operations, onboarding, reconciliations, custody support, QA, and analytics have all been moved to lower‑cost centers in Pune, Chennai, and Wroclaw. Entire teams disappear in the U.S., only to reappear offshore with the same job descriptions and half the labor cost. On paper, headcount looks “stable.” In reality, U.S. experience is being shredded and replaced with cheaper labor in global hubs.

Visa hiring fills the gaps left behind. BNY files hundreds of H‑1Bs a year, plus green‑card certifications and a steady stream of OPT/CPT hires. These roles — software developers, quants, testers, BI analysts — map almost perfectly to the U.S. jobs employees say are being eliminated. It’s not “onshoring.” It’s headcount laundering.

Then there’s the college‑hire pipeline. BNY scoops up local university grads to collect state and municipal tax incentives, padding the U.S. headcount just enough to claim “investment in local talent.” But these hires don’t replace the decades of experience being offshored — they simply mask the reductions.

So when leadership talks about modernization, transformation, or “building talent for the future,” employees know what it really means: fewer U.S. jobs, more offshore bodies, and a headcount chart engineered to look healthier than the workforce actually feels.

BNY isn’t transforming. It’s relocating the work, repackaging the numbers, and hoping nobody notices the U.S. workforce shrinking under all the glossy LinkedIn speeches.


Toledo Chemical Plant to Shut Down

A Toledo chemical manufacturing plant will close its doors permanently. Over fifty employees will lose their jobs as a result. Layoffs are scheduled to start in early November. The closure process is expected to extend into the summer of 2027. This marks a significant job loss for the local workforce.

Toledo, OH

https://www.13abc.com/2026/09/16/layoffs-looming-toledo-chemical-facility-set-close-good/


County Approves 71 Job Cuts Due to Budget Shortfall

Stanislaus County has approved 71 layoffs as part of its 2027 budget. The majority of these cuts, 67 positions, will impact the Community Services Agency. This decision stems from a significant budget mistake involving state funding. Four additional layoffs will affect the Parks and Recreation Department. County leaders are seeking ways to reduce or avoid these job losses before they take effect in March.

Modesto, California

https://www.abc10.com/article/news/local/modesto/stanislaus-county-layoffs-budget-mistake/103-63a4f175-e60f-4a7c-a092-1fb4e579f51a


I've already made my backup plan

I used to worry about losing this job all the time, but I've gradually stopped letting that control me. I've kept my resume current, built up skills outside my normal responsibilities and made sure I have options. These days I'm not trying to climb the ladder here anymore, I gave up on that. But if a layoff happens, I'll deal with it and move forward.


6000 mid atlantic union jobs offered package/surpluss

Verizon surpluses union positions, out of 6k offered package how many will be backfilled my guess is 10 percent 600. Thoughts ? Is the 6k number accurate. We've seen facebook posts that NY had 1500, PA 1200, NJ 800 where is the other cuts? Is it more like 3k jobs?
Union getting destroyed as well?


Fable Team Safe From Xbox Layoffs

The director of the upcoming Fable game has stated that the development team has been protected from recent layoffs. This protection is attributed to the Fable intellectual property's significant value to the Xbox brand. The game has been in development for nearly a decade, with its importance to Xbox's identity cited as a key factor in its survival. The success of Playground Games' Forza Horizon series also likely contributed to the team's job security. This indicates that Fable is considered a vital project for Xbox's future.

https://tech4gamers.com/fable-survived-years-of-layoffs-important-to-xbox/


Build a Rocket Boy Faces New Layoffs

Scottish game studio Build a Rocket Boy has reportedly undergone another round of job cuts. This follows the poor reception of their action-adventure game, MindsEye, which launched with numerous issues. The studio previously laid off a significant number of developers after the game's release. Despite these challenges, the company has continued to update MindsEye and even offered a free trial. The extent of the latest redundancies remains unclear.

Edinburgh, Scotland

https://www.gamesindustry.biz/mindseye-developers-report-new-round-of-layoffs-at-build-a-rocket-boy


Healthcare Sector Faces Significant Workforce Reductions

Several major healthcare organizations have announced substantial layoffs and role eliminations in response to financial pressures. Dartmouth Health is cutting 124 positions and closing 303 open roles, while University of Vermont Health is restructuring and eliminating 199 positions. Tenet Healthcare's Conifer Solutions will lay off over 1,000 employees due to a contract breakup. Trinity Health is also reducing its workforce by 557 employees due to IT outsourcing. These widespread cuts reflect the challenging economic climate impacting the healthcare industry.

https://www.fiercehealthcare.com/finance/fierce-healthcare-layoff-tracker-2026-job-cuts-eliminations-health-systems-hospitals


New Jersey Companies Announce Significant Job Cuts

Nearly 270 workers across three New Jersey companies are facing job losses. Headquarters Hotel Management LLC plans to lay off 91 employees at the Sheraton Atlantic City Convention Center Hotel. Banker Steel, a division of Schuff Steel, will eliminate 115 positions at its South Plainfield facility. Barrette Outdoor Living is also cutting 59 jobs at its Egg Harbor City-area operation. The reasons for these workforce reductions have not been disclosed.

https://www.nj.com/business/2026/09/major-nj-layoffs-announced-as-nearly-270-workers-at-3-companies-face-job-losses-before-the-holidays.html


Starbucks Faces Scrutiny Over Nashville Job Incentives

Nashville's Industrial Development Board expressed concerns regarding Starbucks' $30 million incentive package. Board members questioned the company's job creation promises and worker treatment. Starbucks plans to invest $100 million and create up to 2,000 corporate jobs in the city. The board's deliberations highlight potential hurdles for the coffee giant's expansion. Further discussions are expected on the terms of the incentive agreement.

Nashville, Tennessee

https://www.tennessean.com/story/money/business/2026/09/09/nashville-incentive-starbucks-jobs-corporate-expansion/91674226007/


MultiCare Health System Announces Statewide Job Cuts

MultiCare Health System is implementing job reductions across nine Washington cities. A facility in Yakima is among those affected by these layoffs. The company cited changing business needs as the reason for eliminating 138 positions. Most of the impacted locations will continue operations. Layoffs are scheduled to occur from late October through the end of the year.

Yakima, WA

https://newstalkkit.com/job-cuts-multicare-yakima-2026/


So much for a career

I was so happy when I joined Oracle five years ago, thinking I've found my long term career. Today was a brutal reminder how untrue that was and how temporary that security really was. I'm now jobless and disillusioned - not a good combination.


How does Oracle compare?

for those who have worked at Oracle and other large tech or enterprise software companies, how does Oracle compare?

I'm interested in feedback by foks who have worked at companies like microsoft, SAP, salesforce, IBM, Cisco, etc. How would you compare the culture & comp, workload, mgmt, job security and opportunities for promo/growth?

As someone moving from medium sized tech company I find Oracle less stable and more intense... also a bit more bureaucratic with slower promo... comp and career growth are equivalent...


DFS differences exist job codes

HR sent an email out to people whose DFS job code doesn’t match a CapOne job code. Basically saying we need to apply to open reqs since our roles will be eliminated before the end of the DFS integration in Q2. It’s crazy because I’ve been working on the CapOne side for almost a year and they won’t just convert me. Another tactic they are using to get people to leave so they don’t have to pay severance.


Hospitality Firm Faces Potential Job Cuts

OVG Hospitality has announced potential layoffs affecting 128 workers at the Ventura County Fairgrounds. This action stems from a competitive bid for food and beverage concession management. The company has held this role since 2012. The layoffs are slated for mid-November. A notice was filed with state officials regarding the situation.

Ventura, California

https://www.vcstar.com/story/entertainment/events/2026/09/13/hospitality-group-could-lay-off-128-workers-at-vc-fairgrounds/91713948007/


Waiting for my turn

I actually enjoy the work here and have some great coworkers. The problem is I've watched so many really good people get RIF'd that I don't feel secure anymore. Every few months there's another round. With the job market being this rough, I'm thinking I'd better start looking while I still have a choice.


Whatever happened to job security?

I remember when getting hired here felt like a true start of a real career. You could move into different roles, get regular raises, earn promotions, and actually believe you'd have a future here. People stayed because there was something worth staying for. These days, that kind of loyalty doesn't seem to mean much to leadership.


US Layoffs Roundup (9/11/2026)

US Layoffs Roundup (9/11/2026)

  • Conifer / Tenet - laying off 1,000+ employees as a major CommonSpirit business relationship ends; cuts are expected to begin Nov. 2.
  • Essendant - expects to shut down operations, putting more than 600 jobs in Illinois at risk; layoffs had already begun.
  • University of Utah - considering a workforce reduction of 250 to 855 positions, or up to 15% of staff, through a mix of layoffs, attrition and retirements.
  • Ruiz Foods - cutting about 175 employees at its Dinuba, California plant, effective Nov. 4. One report lists the total as 176.
  • MultiCare Health System - laying off 138 employees across Washington and closing six locations, citing costs and Medicaid funding cuts.
  • McClatchy - cutting more than 90 employees across newspapers nationwide in one of its largest layoff rounds in years.
  • Miami Herald - more than 30 newsroom positions reportedly eliminated as part of the broader McClatchy layoffs.
  • Idaho Statesman - 10 journalists were reported affected, with additional reporting indicating major cuts among editors as well.
  • Lexington Herald-Leader - 12 layoffs reported as part of the McClatchy reduction.
  • Charlotte Observer - 8 newsroom employees laid off in the McClatchy cuts.
  • Fresno Bee - 7 reporters and 1 editor eliminated, amounting to almost 40% of the newsroom.
  • Sacramento Bee - entire sports department eliminated as part of McClatchy's nationwide cuts.
  • Belleville News-Democrat - reportedly lost most of its newsroom staff in the McClatchy layoffs.
  • Arkansas Department of Health - eliminating 71 positions effective Nov. 1 as the agency realigns spending with budget priorities.
  • Sparhawk Trucking - closing its Wisconsin Rapids operation and laying off 74 employees.
  • Clynk - filed a WARN notice covering 54 workers at its Biddeford, Maine facility.
  • News 4 San Antonio / WOAI and KABB Fox 29 - layoffs reported at the Sinclair-owned sister stations; employee count was not provided.
  • GW Law - confirmed personnel layoffs amid financial challenges; number of employees affected was not disclosed.
  • KO_OP - indie game studio reported to have conducted a round of layoffs; employee count was not provided.
  • IDEX Health - final layoffs tied to its Bristol, Connecticut facility closure have been delayed until Dec. 31; up to 15 remaining employees are affected.
  • North Texas employers - nearly 1,500 layoffs were reported across three healthcare, foster-care and logistics companies, but the individual employers and job counts were not identified in the alert summary.
  • Boston Museum of African American History - featured in follow-up reporting about earlier layoffs amid financial and federal-funding pressures.
  • Uber - CEO discussed savings resulting from earlier layoffs; no new layoff round was identified in the report.
  • Meta - mentioned in connection with previous layoffs while reorganizing parts of its workforce; no new layoff round was identified.
  • ESPN - Suzy Kolber discussed her previous layoff after 27 years at the network; not a new layoff announcement.

Ruiz Foods Announces Significant Job Cuts

Ruiz Foods is implementing layoffs affecting approximately 175 positions at its Dinuba manufacturing plant. These reductions are scheduled to take effect on November 4th. The company cited a need to align production capacity with anticipated customer demand as the reason for the cuts. Employees were informed of the decision on September 2nd, and the Dinuba facility currently employs around 1,400 individuals. Eligible workers will receive severance packages and may have opportunities to apply for positions at other Ruiz Foods locations.

Dinuba, California

https://www.yourcentralvalley.com/news/local-news/ruiz-foods-dinuba-layoffs/amp/


Biopharma Job Cuts Decline Sharply

Biopharmaceutical companies reported significantly fewer layoffs in August compared to the previous year. The total number of companies implementing workforce reductions decreased by 48%, with affected employees dropping by 90%. This improvement is largely attributed to a massive reduction at CSL in August 2025. However, there was a month-over-month increase in August 2026, with more companies and employees impacted than in July. Several companies, including Arsenal Biosciences, aTyr Pharma, and Lisata Therapeutics, are cutting a substantial portion of their workforces.

Cambridge, Massachusetts

https://www.biospace.com/job-trends/august-biopharma-layoffs-impact-just-over-500-down-90-year-over-year