Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

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 

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| 1690 views | | 9 replies (last August 21, 2019)
Post ID: @OP+10D1IBIp

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 

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| 585 views | | 1 reply (August 20, 2019)
Post ID: @OP+10D4mPZ4

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.

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 

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

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| 781 views | | no replies yet
Post ID: @OP+10DXBoki

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

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| 814 views | | no replies yet
Post ID: @OP+10CdCKaq

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

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 

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 

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| 1350 views | | no replies yet
Post ID: @OP+10CmUVyR

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!

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 

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 

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| 1174 views | | 1 reply (August 19, 2019)
Post ID: @OP+10C7oCha

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 

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| 940 views | | 1 reply (August 19, 2019)
Post ID: @OP+10CjnxhF

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 

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 

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 

Prepare!

Time to clear out personal belongings, if you haven’t already. Invited to an impromptu meeting? Remember to take your personal belongings with you, because you might not be able to go back to your desk before being escorted out the door. Above... — read more 

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| 930 views | | no replies yet
Post ID: @OP+10zG2mLw

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