They are moving away from third shift; many already have. However that means barely any staff after noon US time. Makes total sense as usual.
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@ab April Fools Day has come early
They want to remove G grades there as this should be "automated", remove = lay off
Both Chennai and Pune. Not shutting down but they seem to just want to do prior day recons and not same day work. They are shifting work back after 1:30-2:30 PM. Haven’t heard definite yet but my colleagues in India keep telling me this is the goal. So we aren’t sure who exactly is going to do the work since there’s no staff positions in the US. I guess Eliza. Lmao.
My response is employee is located in India and has logged off for the day. He will handle tomorrow.
Squash that.
@OP BINGO! Looks like our New People Leader is at it again. This is FAKE NEWS and pure click-bait.
It's all true. The new director in charge is Elvis.
I think you're confusing the end of hardship hours. At end of year, they will no longer have a third shift, which means the work done after 1pm (ish) is moving back onshore.
How exactly we're supposed to support that when we have no headcount is beyond me.
What I was told by someone high up (off the record/don’t quite) that the reward outweighs the risk: the cost of living there is so low and they are paid pennies compared to Americans, so they will gladly absorb the costs.
they are at least a 6th of the cost of a US person; the gap is even wider if compared to high cost centers.
Never going to happen, definitely NOT onshoring.
They could maybe close Chennai and expand Pune, or move to another low cost center, but there are zero rumors or truth to that also. India is already at capacity (space) in places, so closing one to make it worse elsewhere is pure fiction, or in this case maybe click-bait.
@ab if they wanted attention mo--n they wouldnt be asking about India of all things
@aa fair would be getting rid of the foreigners who cant speak well or do anything and focusing on americans since its an American company. That would be fair
@OP Sorry, no one is hearing this rumor.
Not unless there is a BNY location called Chennai in NY, NJ, MA or PA
Honestly. There is no such rumor. Are you that desperate for attention?
Bank of Pune would definitely benefit from more direct EC leadership involvement. Offshoring EC positions would save BK shareholders hundreds of millions of dollars if you add up the total compensation of all EC members! Consider RV’s compensation could be reduced from $83.5 million in 2025 (based on proxy statement results) to roughly one tenth this amount! This would be a win-win. What’s fair is fair!
Lol,kidding me? They just moved to a new location and headcount is thriving..
Bwahaha 🤣
Doubtful 🤨