Thread regarding Bank of New York Mellon Corp. layoffs

More Bleeding Out to Offshore and How to Apply Pressure to Save U.S. Jobs

The Bleeding Starts With the Math
BNY associates aren’t imagining the hemorrhage — the offshoring cuts to Pune, Chennai, and Wroclaw are real and accelerating. And the wound is wide open because the math is brutal. A mid-level engineer in Pune earns $10–20K a year while the same role in NYC/NJ costs $110–150K+. Senior U.S. engineers can run $285K fully loaded, compared to $28–50/hr offshore. Data analysts are 80% cheaper, project managers 79%, customer support 94%.
With numbers like that, the Executive Committee doesn’t see people — it sees savings. And when leadership smells a 7–10x cost reduction, it smells blood in the water and bonuses in their pocket-lined gills.

Where the Bleeding Hits Hardest
Tech engineering, QA, reconciliations, onboarding, client ops, shared services — these job families are already losing blood fast. Under Robin Vince, the playbook is predictable: expand India and Poland, shift repeatable U.S. work offshore, backfill optics with visa hires and state college grads, then quietly “realign” experienced U.S. roles. The wound keeps widening because the wage gap keeps widening.

What Associates Can Do to Apply Pressure and Slow the Bleeding
These aren’t magic bullets — but they are the only levers that have ever moved banks to action.

1. Document the Operational Damage
Offshoring creates errors, delays, compliance gaps, and client escalations. Document them. Quantify them. Escalate them. Executives only respond when risk and client impact outweigh cost savings.
2. Push Issues Through Risk, Audit, and Compliance
These groups have veto power. If offshoring introduces control failures, missed SLAs, or regulatory exposure, file formal issues. Cost cutting collapses fast when regulators start sniffing around.
3. Use Employee Resource Groups & HR Channels Strategically
Not for “feelings.” For retention risk, skill loss, and operational continuity. Frame it as a business problem, not a morale problem.
4. Organize Cross Team Feedback
Executives ignore individuals. They don’t ignore coordinated feedback from multiple teams showing the same failures.
5. Update Your Resume — Quietly
The wage gap (India tech ~$10–20K vs. NYC/NJ ~$110–150K) isn’t going away. BNY’s direction is clear. Your career mobility should be too.


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| 38 views | | 14 replies (last 2 days ago) | Reply
Post ID: @OP+1m2thmmqn

14 replies (most recent on top)

https://www.thelayoff.com/post/@OP+1kgebek33

See Comments section for sample communications to politicians, state EEOCs, media, etc.

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Post ID: @x8+1m2thmmqn

@am & OP This is good information. Thanks for sharing this post and the link below (see Comments section) for specific examples on how to contact politicians state EEOC and media members to draw attention to what's happening the BNY workforce with the rampant cuts, RTO policies and the constant onshoring (H-1B) and offshoring moves.

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Post ID: @x7+1m2thmmqn

@bw OP here. You’re right — India isn’t the enemy. The real failure is here at home. Politicians could slow this down fast by actually enforcing labor‑protection laws, closing visa loopholes, and forcing companies to publicly disclose when they ship U.S. jobs overseas. Agencies like the EEOC, DOL, and FTC can investigate patterns of replacing U.S. workers with cheaper offshore labor and call out the fake “onshoring” optics companies use to hide it. If there were real penalties and real transparency, BNY couldn’t quietly gut U.S. jobs while pretending nothing’s happening.

And yes, geopolitics is driving a lot of this. Companies want cheap, stable hubs in friendly countries. India now controls 55% of the global IT offshoring market and gives U.S. firms ~58% cost savings — roughly $25K per worker per year. Poland has 450,000 IT specialists, strong STEM talent, and sits safely inside NATO, making it a perfect low‑cost European hub.

Add rising tariffs, supply‑chain instability, and pressure to reduce reliance on China, and India and Poland become “safe, cheap, and aligned.” American jobs get exported under the banner of “geopolitical strategy,” and companies like BNY benefit from it.

That’s the real story — and it’s happening in plain sight.

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Post ID: @e1+1m2thmmqn

@be and @br+1m2thmmqn
Exactly.
Our politicians and legal system are the answer to this disgrace and damage to working citizens who can’t get a fair shake.
I consider our jobs and careers almost as an invisible border that is being violated and crossed by these people. And we have laws to protect workers that just aren’t being enforced. These are the same cretins in Federal and State who make huge taxes and the cost of living an outrage. Its been going on for a long time. If you are an American based company with locations in the states, you need to hire Americans for any jobs that can be filled here. I dont blame India. I blame the officials, regulatory and governance agencies who are letting us be destroyed. And companies that use deceit to do so like RV does

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Post ID: @bw+1m2thmmqn

@OP The economics of offshoring, as well as on-shoring visa workers, includes "hidden" costs that never make it onto those McKinsey PowerPoint presentations.

Yes, unit costs are less on offshore centers. And pay for execution and implementation by foreign workers is lower than for Americans, whether they are working overseas or body-shopped into the U.S.A. by TSC.

But the C suite never considered the Globalization Tax. Sending operations and technology to other continents requires additional layers of management oversight, as does absorbing legions of unassimilated H1Bs into a domestic worksite.

You end up with directors reporting to directors reporting to directors. They know little about the businesses they are supporting or the data/tech they are managing. These rent-seekers spend all day long running from one meeting to the next.

The global bureaucracy required to coordinate and communicate across time zones and cultural barriers is a real cost, one that always devours the alleged savings from globalization. Such costs, when discovered, are the best break on unwise offshorings.

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Post ID: @bt+1m2thmmqn

They get the quality they pay for remember that and they’re going to learn the hard way. In order for this sh-t to stop you have to write your senators, congressman and anyone else to get visibility on what RV is doing here. All of what hes doing not just offshoring. Even if they choose a blind eye, it’ll put truth out there to the public and customers he keeps lying too

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Post ID: @br+1m2thmmqn

@ae
OP
—Sure, regulators and politicians are the nuclear option. But let’s be real: most people aren’t filing whistleblower packets between layoffs, childcare, and mortgage payments.—
They are the only option as well nuclear. Because they are not doing their job in allowing BNY and other firms to get away with this. Outsourcing to foreign countries to take care of their workers for positions that can and should be filled here must start being enforced. And that means tax penalties, surcharges, helping foot unemployment costs, fines, loss of deductions and federal & state grants. The answer can only come from outside and involving these political officials and regulators. Your well meaning but misguided post of shaking the cage internally is like a cartel boss having his men tell him to be nice and kind to people who cross him. That ends in being eliminated. We have a plethora of labor laws in the US, Ireland and UK. It is high time they be enforced. Else, its going to be interesting seeing professional people working at coffee shops and discount stores with ambitions of home ownership, schools for their kids and retirement. Robin knows this and does not care. He values money over people everday time. Many are like him. And they need to feel the pain.

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Post ID: @be+1m2thmmqn

We’ve been raising issues for years. All that happens is offshore gets terminated due to poor reviews and then their replacement knows less and you have to start over and the pain continues. Easier to just go with it. It is what it is, and look for another job.

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Post ID: @bd+1m2thmmqn

Who the heck makes that much here? Been here 20 years and promoted many times, and I don’t even make $90k lol

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Post ID: @bc+1m2thmmqn

@OP's post smells of an AI deep dive and then copy/paste for reaction here. Not saying it doesn't have any merit but you're also offshoring the post you created and we can all chat with AI outside of this group.

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Post ID: @b9+1m2thmmqn

@OP Here's some additional comments and suggestions on how to respond externally.
https://www.thelayoff.com/post/@OP+1kgebek33

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Post ID: @am+1m2thmmqn

OP here - Look, I get what you’re saying — nobody’s pretending Risk, Audit, or Compliance are some brave resistance movement. They’re tied to senior leadership, and they’re not going to throw themselves in front of the offshoring train unless something blows up legally. Fair point.

But calling every form of internal pushback “naive” is just another way of saying, “Don’t bother, the bleeding is permanent.” Not everyone is trying to stage a revolution. Some people are just trying to slow the hemorrhaging long enough to keep their teams from collapsing.

Sure, regulators and politicians are the nuclear option. But let’s be real: most people aren’t filing whistleblower packets between layoffs, childcare, and mortgage payments. And waiting for Congress to save BNY workers is like waiting for rain in a drought — technically possible, practically useless.

Internal pressure doesn’t fix everything, but it does create friction. Documented failures, missed SLAs, client blowups, compliance gaps — those aren’t “feelings,” they’re liabilities. And even the most cost‑obsessed execs pay attention when liabilities start stacking up.

Leaving is absolutely a valid answer. Maybe the smartest one. But pretending the only choices are “stay silent” or “call Washington” is just giving up the fight before it starts.

Sometimes slowing the bleed is the only thing you can do. And at BNY, slowing the bleed is still better than letting the patient flatline.

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Post ID: @ae+1m2thmmqn

@OP
Sorry OP,
Your ‘spirit’ is appreciated but you are naive and misguided. Risk, audit and compliance are owned by Sr. management and will do nothing to get in the way of the directives put in place unless there is obvious problems that involve legal. Your mantra of making a personal fight of this at BNY and using ‘feedback’ is silly, sophomoric and useless. And it will get a person labeled as a doltish troublemaker to be eliminated at BNY. So that is also poor advice on your part. The only way to counter this is to go to regulatory agencies, local and federal politicians and activist communities and watchdog groups. And it needs to be done in large numbers and it takes a lot of work. Something that people on a personal level have no time for. Especially after they have been fired. Leaving here is the obvious answer.

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Post ID: @ab+1m2thmmqn

The only thing of any value in this list is number 5.
All others will fall on deaf ears at best, or get you canned at worst. And yes, if you dont do what they want or you complain about doing what they want, you will be ousted eventually.
Newsflash- THEY DONT CARE!!!!
Either wait it out and accept your fate or actively look for another job, which is a lot of mental work also.
Boosting the stock price is the only goal BNY is focused on, and the shareholders are LOVING IT!

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Post ID: @a5+1m2thmmqn

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