Are BNY Mellon Layoffs A Sign Of A Bigger Economic Problem?

Anyone from 2/18 layoffs having issues getting unemployment in ny because they received lump sum payment? Is it just me, or are they handing out pips like candy these days? Not just to low performers, but to people where it makes absolutely no sense? In the short term, bny mellons layoffs can reduce operating costs and improve profitability. By cutting headcount, the company saves on salaries, benefits, and other expenses associated with employees.

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