It's another head scratching exercise that only exacerbates employee angst. Forget layoffs for a few minutes, consolidating offices is an effective strategy to reduce staffing without filing. Uniondale NY was leased for 30 years, at its prime it held 5 floors and over 600 employees. When it was shuttered (8/30/26) there was one floor for approximately 100 people. That's a big reduction in itself. Now that it's shuttered approximately 50 people have 'retired' or found work close to home versus commuting into NYC. Another big staff reduction. In 6-12 months the models show another 20-50 of these people will tire of the commute and leave the firm. Several people who lived close to the Uniondale office chose to interview at competitors and accepted jobs in NYC with a 25% pay increase. BNY took zero action to retain them, zero action to offer compensation to those who stayed in order to bring salaries into the range of NYC pay versus LI, zero action to offer a small increase or bonus to help defray commuter costs. So the corporation is ice cold, as is the American trend. Before anyone attacks that understand that many of those people on LI felt like family to each other. There were weddings, births, funerals, celebrations, ad hoc picnics, golf, softball, bring your kids to work days...so many little things that bring people together and help forge bonds. Sure BNY will have "events" that state are to bring us together, but it's a cold environment in NYC, similar to a train where you sit next to someone who doesn't know what your job is, comes and goes the same way someone on a train sits next to you and leaves at their stop. Maybe pleasantries but no bonding. I can't tell you how many times I stop in for a cup of coffee as other people come and go but exchange nothing except hello. They're gone in a flash, just like a person on line at Starbucks. And house people keep? It's a ghost town after 4, too many people running for an early train in order to get home so they can actually enjoy a bit of life. So office closures do little to bring people closer, little for collaboration. Is it to save money? How much are the renovations in Greenwich going to cost? How much does it cost to sublease WTC during the renovation? Instead Uniondale could have had its lease extended so those jobs remained intact as well as offering Greenwich staff to work on LI during the renovation. How many of those people would have greatly enjoyed the opportunity to reverse commute to a suburban location - how many of the people already lived there? There's real world examples of this being a success during a period in mid 2000 teens. How do those of you in Pittsburgh feel to see that once proud Mellon name be essentially erased? How about Boston?? The corporate word is that we're cared for by the firm, that we have excellent facilities to work in, that we are one BNY, we're commercial, we're a leader in AI, we care about marginalized groups of people, we have book clubs, town halls (with canned softball questions). Every few days we get emails from new executives telling us how wonderful we are and how much better we will be after whatever the new project they were brought in for takes effect. It's tiring. As you can probably tell I'll be leaving in a few months as soon as something else is lined up. I don;t have all of the answers for what my gripes are but I do know current affairs don't have the answers either. May robin continue to smoke the wall street analysts and keep the stock price up. Oh yes, so he can continue to tout that we're all owners. Did (hose 5 shares make a big difference to anyone reading this? Check the annual reports to see the # of shares owned by the people telling you everything is going very well.