Thank You!

It means R. I. P.

Is it concrete that you’d get laid off if you got a BE rating last quarter/performance review? Planning ahead for Monday..

Ok...here we go. Talks of huge redundancy program, PMP time, 10% forced BE rating, bonus time, pay rise time....... So what do BNY do only change the format of the internal web so content is displayed differently. This means all the negative... — read more 

Instead of sharing candidly written employee posts on the corporate intranet home page, they are now displaying only ‘nice articles.’ They aren’t brave enough to let employees share what’s really on their minds with other employees. This is... — read more 

So that disgruntled laid-off employees can’t get back in the building? As if they would want to. Anyway, don’t they take away your ID card?

Santomassimo said $100-200m in charges on the Q3 call in October. They took a ~$140m hit on severance charges a year ago when 2,200 were let go. Back of the envelope math works out to about $64k per person or 6 months of severance + benefits. Per... — read more 

Only at BNYM: would you be asked to fill out a Technology survey and get error message when clicking on the link to take the survey would there be a "celebration" of 150 years in Pgh, 2 weeks before the annual mass layoff the Monday after... — read more 

OMG..... its almost full, 4313 so far.

Interviewed in Dublin office. On face of it, looks like a dreary place to work. Reports online not too promising either. Office appears to be run by misfits. Was offered 3 jobs from 4 interviews. No word back from the 4th, BNY Dublin. Very... — read more 

Roses are red Violets are blue The BNYM ax man cometh for you Whether It be year one or year twenty Chop he will plenty Young and old he care not one bit He will show no mercy because he doesn’t give a sh*t Whether it’s Charlie or... — read more 

Anyone have any info in this regard?

Just let go? Please tell us the date, location, department, and maybe how long you worked for BNY. Here’s hoping you got a separation package, and can take time off for the holidays, then find your best job ever in 2020. Good luck everyone! — read more 

Called in and told I am gone. Was told this round is going to be big ans its not personal. Told 5000.

Everyone left after December is getting 15% pay increase apparently. This applies in the USA only.

Preparation for the upcoming layoffs.

Is anyone aware of the impact on options and RSUs if you are collecting SUB payments..?

What are your thoughts about potential Bank of New York Mellon Layoffs 2020? Any news or rumors?

Is there a retirement age in BNY Mellon .I have seen people as old as 65+ still employed with us . I do not have issues with senior people working in BNY Mellon but I have a hard time convincing them to get the job done . They are the Grandparents of... — read more 

I am getting mixed messages on severance. If you find a new job, it stops? Can this be negotiated? Thanks all

Anyone hear info on 900 jobs to go between above locations?

The cuts to be announced are to be in the USA ..... all indications point that way. Cheap labour in Asia and EMEA where productivity is 40% higher per employee and salary is 53% lowe3333r.

Managers would know for sure. Painful stuff. Supportive thoughts to all. Try not to take anything personal.

Any word on layoffs in retail mutual funds?

He comes off as a bit of a milksop when he speaks. He’s the kind of guy who belongs in a corner with a spreadsheet— and he’s undoubtedly good at counting beans and being on time. He’s just not CEO material — no charisma at all (and not to be mean... — read more 

Does anyone know if there will be any team restructuring or merging in portfolio services in PGH? The writing seems to be on the wall in my area that something is going to happen as my manager has been even more checked out than usual. Not that... — read more 

I think most in the trenches know whether their positions can be reduced or can be automated. That's the occupational hazard of the corporate world, it's Darwinism and people at the MD level and above get axed too when their ideas and knowledge... — read more 

Who came up with the idea there will be 2,500 cuts in December? And where is the evidence to support it?

So the other day, I learned my department VP needed access to my performance profile as they needed to see my forms in my profile. Could this be a sign I may be one of the 2500 that may be getting shown the door on December 2 or is what they did... — read more 

BNYM is partnering with companies like EZOPS, Kingfield,Caissa, and Two Sigma to execute their IT needs. These are best in class external partners are chosen to replace the internal digital ecosystem. Good luck folks...

My managers manager informed me that I won’t be needed after December. I didn’t know what to say except to be really honest and say how excited I was to leave and do something new. The manager took this more poorly that I expected. Evidently the... — read more 

This post is just to encourage anybody facing the sudden prospect of resignation / layoff, that life after BNYM is INCREDIBLE! I left BNYM a few months ago, after forcible attempts to change my role. At the time, I was in shock, and couldn’t... — read more 

If you think because you are working on a special project that you won’t get let go, I have a bridge to sell you. They don’t care what you are working on, if your time is up, you are done. They will just drop that project of someone who has no... — read more 

Things are not looking up despite the change at the top. More layoffs are a given. If you don't want to be caught unawares, you better start networking and LinkdIning today. It is always easier to find a job when you already have one than when you... — read more 

You knew in your heart it was true, but didn't want to admit it to yourself. We all thought this was put behind us after 2008. But, it's back, and CNN just made that clear. "US Economy is... — read more 

Yep 5 months later i get a box, which is full of sh– from my desk that i did not want. I left it there so they can spend money to send it to me. Removed all my important stuff because the writing was on the wall. Five months later and i am still... — read more 

Time to rock the boat by banding together to file a class action suit against bnymellon!

The sub plan does not require signing the “no-sue” clause. So what is compelling to signing away the ability to sue the firm?

For many of you, It’s not a matter of if you will be terminated, it’s a matter of when. If you’re in a high cost center and we’ll paid, you’re a target regardless of your performance. Be prepared. You will not be able to access anything on... — read more 

Town hall today with Todd and Mike. Question from the audience about the severance package, and how there is no lump sum payment and how it disappears once the laid off employee gets a job. Todd and Mike dodged the question, saying they didn’t have... — read more