Lowering personnel expenses has directly increases BNY's operating margin. Corporate severance expenses shrunk significantly from $240 million in 2024 down to $18 million in Q1 2026 and $6 million in Q2 2026. This aggressive reduction in internal structural overhead has cushioned net income even as active client transactions continue to stall.
4 replies (most recent on top)
Hope there eventually is a class action and this Bank pays dearly for the false bullsh-t they have done to employees. Karma
HR should be embarrassed and held accountable. How can any of them go to sleep at night with a clear conscience. 2 di-kheads hope karma smacks you
@an yeah theyre making up reasons and falsifying performance sc--wing people over intentionally. They fail to remember there is an audit trail with those
It has shrunk because we now find reasons to fire people.
Let us also not forget the errors, reputational damage, fines, delays, extended project costs, penalties, vendor cost overhead increases and poor long term growth revenue that is on the other side of this coin.