Has anyone experienced a work benefit or have seen that their department/division has benefited from the platform operating model?
12 replies (most recent on top)
@OP the one and only reason for this ‘model’ is to reduce headcount. Thats all.
@bf Your comment wins the BNY internet this year.
The P-M is one of the main reasons I have just left.
In Pittsburgh (aka Little Pune as so many Indian people are here now), India colleagues are treated with such deference (could be because the boss’s boss is in India)- they sc--w up and it is no biggie because they are new, learning or the cost of living is so much lower in the huge Pune building/city. So many US SMEs were let go just to save a ton of money.
If you want to know when BNY’s EC starts selling their large stock holdings, check out morning star BNY stock sales and transactions. You will see when the fat cats decide to take a wh-z in the litterbox and how many shares they sell.
When it is several of them doing it, that’s your hint the propellers of the S.S. BNY are above the water line and a plunge is imminent.
@by
It is 100% clear that this RV regime is looking to slow things down and make it unnattractive for clients where we need to spend big money to support them. This is P-O-M and it’s mission.
With P-O-M, the process is more important than the end product which is designed to stop big involved spends except for regulatory and compliance. And even then, with P-O-M, the administration of it is more important than both the process and the products. Simple projects are made difficult by this square peg in round hole P-O-M. This BNY P-O-M is like a very bad sci-fi movie from the 50’s… crews of people in silver shiny uniforms moving dials and knobs and following orders from the big big big boss on the flying saucer.
@a4 I also see a lot of garbage code going out just to meet sprint deadlines. Most of it works, but one recent failure went a long way up the chain of command - apparently it was quite the clusterf*ck.
We've started splitting things into so many stories/tasks that no one can keep track of them all. If we don't finish something in a sprint, we just close it and create a new story for the next sprint.
I don't even care anymore. I'm not putting cr-p code out there, so I tell our scrum lead (who has no idea what we do) to just keep creating new stories as needed. As long as he's happy with his numbers, I'm good.
We've also lost so many SMEs in the past year that things in general are taking longer. Again, not my problem.
I'm curious to see how long the EC sticks around. I'd love to know what their goal is for the stock price. I assume they're just waiting for the right time to cash in and head off to their next seagull manager assignment.
Not one benefit. If anything its made a bigger mess
Was never going to work. I've never seen, what is essentially a simplification exercise, be so damn confused and complicated. Absolute sh1tshow.
@ap I second this. BNY off-shored our department tasks to Pune, then reduced our staff in the US. Our peers in Pune, both return their overflow work as well was work they do not understand back to us in the US.
So, our department processes our workflow and we keep Pune process numbers looking good with a reduced US staff. US staff should just walk out.
BNY is not a real firm.
Agree with both comments before mine. Its like we have been set back 20 years in terms of client service.
They got rid of so many SME’s and now India has no idea what they’re doing.
The client is noticing.
Delays, errors, and zero responses to their requests for updates.
P-M is an absolute failure for the client and the employees, but a boon for the shareholders who only see their portfolio value increasing.
I can only assume this bubble will burst at some point.
No. They take the work from people who know the work. Put similar tasks together in one group. The new group has no idea how to do the work. And now it seems they are sending all the work those teams can’t handle back to the original team. Only problem is now they expect one person to do it all. It’s quite mind boggling. Like the teams in India are too scared to tell their bosses it doesn’t work, so they put a bandaid on it.
It's been a complete waste of time. I've seen too many cases of bad coding being shoved across the line for the sole purpose of meeting an arbitrary deadline. Of client concerns being kicked around the bank for a week because no one knows who is a responsible for what now.