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.