The people that post "just leave" on this site either have an in demand skill set or they are a naive millennial (I know, that's an oxymoron) The rest of us that are in the targeted age range with not sought after skills are faced with a difficult... — read more
Payoff vs. Sanity
The people that post "just leave" on this site either have an in demand skill set or they are a naive millennial (I know, that's an oxymoron) The rest of us that are in the targeted age range with not sought after skills are faced with a difficult... — read more
King of Prussia
Were there any layoffs in the King of Prussia office?
What happens when they run out of older folks to lay off?
Age discrimination is happening and is at its peak. They might not care to admit it, the law and the institutions may not react to it, but it’s happening, we all know that? What happens when they run out of older folks to cut? What will be the next... — read more
Good News
Based on increasing demand the external BNY Mellon 401K web site is now back up and running after a brief 5 month hiatus. www.bnymellon401k.com One less thing to worry about for those who have been displaced.
Time to Blame the Yield Curve Again!
If the yield curve doesn’t improve, we can’t win? So the entire company is just a macro bet on things the company can’t control?
Age Discrimination
There are two categories of layoffs taking place. One is performance related. These are tied to the phony below expectation reviews the bank is forcing managers to write. The other is reduction in workforce layoffs. The two categories enable the... — read more
Dear Charlie
Dear Charlie, I wanted to thank you for your help firing me this morning. I just hit my 20th year at the bank and was looking forward to my fifth week of vacation. Think of the money I’ll save not having the expense of another vacation. Also... — read more
BYNM - a lean, versatile team
NEW YORK CITY - Calling his employees a lean, versatile team capable of being fired at a moment’s notice, BYNM CEO Sharles Ccharf described his financial services company BYNM as an agile, dynamic company able to respond to any challenge by laying... — read more
Is any position safe at Bank of New York Mellon?
This is frank question: Is any position safe at Bank of New York Mellon?
A letter of appreciation - signed Charlie
Dear resource, Thank you for participating in the workforce reduction initiative. Because of you, we are one step closer to conquering the world. All the best, Charlie
Structured Funds (ETF & UIT)
Large reorg movements and layoffs at Structured Funds (ETF & UIT). This is just begining as outsiders are being hired, more turmoil will follow. Hunker down, brush up your resume
Discrimination. Please read and file suit accordingly
https://www.google.com/amp/s/www.propublica.org/article/ibm-accused-of-not-disclosing-ages-people-40-and-older-laid-off/amp If you’re over 40: The Age Discrimination in Employment Act (ADEA) of 1967 protects workers 40 and older. In addition, if... — read more
Reality check: what really can earn you a BE...
Total salary and age. Well known that business line leaders have a spreadsheet sorted by compensation. Sad truth, many high achievers getting pushed out because the cost line is higher. Older employees generally higher paid than new grads... — read more
Any reports from the Brooklyn office?
Anybody know which floors in 2 Hanson were hit today and was it as big as we were expecting? Hopefully somebody working there today can chime in
Pittsburgh Layoffs?
Has anyone heard anything about layoffs today in Pittsburgh yet?
UIT department got hit
Such a shame
BNY UK/Ireland Redundancies
BNY can no longer compete in UK/Ireland. Reputation destroyed by the way they treat staff. Big cuts this week and one (minimum) location being cut in each area. Best of luck to all...hope you get a good package (everyone is praying for a pay... — read more
https://twitter.com/TheLayoff/status/1163477849895948289
https://twitter.com/TheLayoff/status/1163477849895948289
Being let go
Regardless of how prepared you say you are to being let go, or how much you are hoping it happens to you. Just know that if/when it happens to you, you won’t be prepared at all, it will be a major shock to your system. It is a truly stunning and... — read more
They are escorting people out right now!
I’m at 240 Greenwich and there are definitely lay offs happening as we speak. There are numerous security guards on the 10th floor and one elevator open and waiting to escort people straight down to the lobby. The perp walk!
Everett, MA Location is doing layoffs today
Just heard someone from my wife's team got laid off and more meetings are being held with her team.
Are there going to be Layoffs?
I am working at it today but was going to wonder are there will be the layoff today? And, if so, where will they be hit moreso than the others? If so I was wondering will it be a case when that some will be left off while others are free to be still... — read more
Why is everybody so certain we'll have layoffs today?
Was there an announcement I missed?
We are having way too many days like this
Days when we are losing sleep because we know we might get laid off come morning... This seems to happen at least once a month these days, if not more often than that. How is this good for office morale? Our productivity? And most importantly... — read more
Brooklyn, pittsburgh, QVS, Ireland
Prepare for upset today ... its began.
This is not typical of the entire industry
This is certainly not good but we only fool ourselves by thinking that BONY is typical of “layoffs across the industry right now.” Competition has always worked this way. Some banks successfully managed the disruptive changes in technology over the... — read more
A very simple cost cutting strategy in motion
What you are seeing at BNY and at many other organizations is a simplistic strategy to cut operating costs. Automate: identify and define tasks currently being done by manual labor and automate them Outsource: whatever cannot be... — read more
Good luck everyone
If you get let go or not, hopefully it's what you want.... Me personally, I hope to start my paid vacation tomorrow
Go to the media
Please go to your local media after you are displaced. Your package will say if you go to the media we will hang you or something but no reporter will ever out you. People must know what is going on at this disgraceful company. I wish everybody the... — read more
Client Experience Organisation?
I do not understand the purpose. What do they do???
efffff Chuck
Chuck is eating filet and drinking cognac laughing it up at his county club in the Hamptons while many of 'us' are worried if we will still have a job come Monday. And based on his arrogance he has shown, he will have no remorse about ruining... — read more
If you have been laid off this month reply here
Reply if you have been laid off in August
Bring on the WARN ACT!! BNY please read
I’m sure this has been violated somewhere https://www.warnlawyers.com/Practice-Areas/Massachusetts-WARN-Act.shtml
Very few people are not looking to leave BNYM
From what I can see, only those who are within a few years of retiring are not bending over backwards to leave this place. They might not like it here any more than the rest of us do, but they're resigned to sticking it out. Everybody else is... — read more