So finally the company got the ba--s to be honest and broke the news Wilmington office IS closing June 2027. But the kicker is they are saying everyone “left” would be working remotely. I just don’t see that being true after all they just FIRED tons of people for working remote and some just because of downsizing. I feel in 10 months we will all be told to go home and leave the equipment right here as in HUGE LAY OFF. This su-ks!!!!!
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@h0 sorry I was not more obvious. It was sarcasm. But the part about my boss continually lying to me was true.
@c6+1kzrg982c How did no one see this? Your team’s head must be in the clouds. I work in Wilm but have been part of several office relocations. I saw this as soon as they said we were not a growth site several years ago. Saw it again after they announced that the building was going to be sold and leased back. Saw through the lies when the site lead said the building will be renovated after it’s sold because it’s easier to renovate a building we don’t own. What nonsense! I always thought 2026 would be our last year, so I’m shocked it’s going out an extra year.
To folks who have questioned the sanity of the site and were touting posts as spam,this one is for you.This was called out in this platform long back and folks were dismissing that as just rumour..sad state of affairs, when you are forced to trust an anonymous website rather than your leaders..
None of us in Wilmington saw this coming. My leader (at another site) continually told me that Wilmington is safe. Lies! All lies!!
@as+1kzrg982c They aren’t training additional people in India. They’ve shrunk India too. My team of 15 is now one staff on manager. Chennai is sending their work back to us in Wilm after 1:30 and my team in Pune said they are working to do the same. So just as I asked many times: who is doing the work? lol Eliza I guess.
It was announced in 2023 or 2024 that BNY will leave their 500 Grant Street offices in Pittsburgh during 2027.
BNY had the "Cross to Ross" program to help employees at 500 Grant Street feel better about the move.
@ax
Do you know what else is clear in the pattern?
Numbers 1-5 are always in the hands of a certain kind of political party that dominates these venues. It is an organization that relishes high taxes, penalties, fees, overbearing rules and regulations, high costs of doing business, always blurting out about fairness and equality for the worker and middle class but always doing the opposite.. etc etc etc
These are the locations run by people where everyone wants to get away from.
The Pattern Is Clear
BNY is executing a hub and spoke collapse:
• fewer offices,
• larger consolidated hubs,
• aggressive cost cutting,
• RTO pressure concentrated in select markets.
Wilmington is simply the latest domino.
U.S. sites are the highest risk candidates for future downsizing or closure:
- Philadelphia Region (High Risk)
BNY has already vacated 47,000 sq ft in Center City and shrunk to 15,000 sq ft at One Logan Square. It is now consolidating suburban offices into a new Wayne hub. This strongly suggests additional Philly area sites will be closed or merged. - Pittsburgh – Grant Street (High Risk)
BNY is moving half of its downtown workforce to a new Ross Street hub, raising concerns that the Grant Street site may become underutilized or redundant. - Boston (Moderate Risk)
BNY renewed a large lease at One Boston Place, signaling commitment — but the company is aggressively consolidating elsewhere. Boston is stable for now, but could face future trimming if headcount shifts. - New York – Legacy Sites (Moderate Risk)
BNY subleased 192,000 sq ft at One World Trade Center and is renovating HQ at 240 Greenwich. This suggests non HQ NYC sites may be reduced as modernization continues. - Smaller Regional Offices (High Risk)
Any U.S. site with:
• low headcount,
• expiring leases between 2026–2028,
• no strategic function (tech, ops, trading, custody) is at elevated risk. Wilmington fits this pattern — others will follow.
WFH means you are going to be fired in this case. They are training Additional Indian to cover Wilmington. Before 2028 happens, Wilmington and its former US support will be a memory. BlackRock needed the space and RV said ‘hey, this is an opportunity to puree more ham faced Americans!’
@am No.
WFH won’t last pass 2027
If they allow wfh it will only be long enough to get the new department taking over up and running. They will have you train then and update the procedures for them and then you’ll be laid off.
I thought based at home was not allowed 🚫? This company ethics and morals are non existent. Good luck everyone- may the force be with you and start preparing for a layoff.