BNY Mellon to cut about 3% of staff as Wall Street retrenches

Chief executive Robin Vince said on an earnings call that costs are a focus this year. “That will come from instilling further expense discipline across the firm and from focusing more on profitable new business growth, saying no to more things, when the economics aren’t what they should be, he said.

The bank also said it is still committed to its digital assets strategy despite the collapse of FTX and turmoil in crypto markets.

Appears to be just their entire tech team and customer support?

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