So a couple days before a huge round of layoffs is going to occur the “Pittsburgh family Christmas party “ is announced - Yipppeee! And then the lemmings comment about how awesome this is Jan & the great job the “Pittsburgh engagement team “does... — read more 

Is it true if you get a BE you do not get a package? because you are underperforming they can just terminate you.

We normally get paid on August 15th. I saw my paycheck pending and now on August 16th it's not. Are they pulling it back, isgn for those being laid off?

BNY just enrolled me in a certification series for new hires although I’ve already worked here for many years. I hope they don’t roll back my salary...

I’ve been doing my worst at work, openly browsing non work-related content on my browser, and generally being a bad employee. Got the BE as expected. I’m planning to quit anyway and will be very disappointed if I don’t get a paid vacation. Anyone... — read more 

I was able to get back in, but the timing of the lockout is fishy. Perhaps IT is prepping to lock out the future layoff victims and some glitch occurred on their end. I’m BE and fully expecting to get the axe on Monday, by the way.

Benefits Guide http://www.bnymellonenroll.com/bny-actoe-guide-print-111016a.pdf

“They can k–l you, but the legalities of eating you are quite a bit dicier.” — David Foster Wallace Humor is excellent, and free, medicine. Don’t let a job or a review define you. They don’t. Only what we know about ourselves matters. Best of... — read more 

Anyone hear story that offices and specific business lines in europe to close...potential sale of some? This seems to be circulating a bit at the moment.

Based on the content of the recent posts, it's conceivable that many of you have been targeted, based on age-discrimination which is a federal offense. Form a Facebook group, for instance "BNYM-Lawsuit", create anonymous accounts to protect your... — read more 

There was talk last year that Goldman Sachs could buy BNYM - any chance that can still happen? Lately, it feels like we might be being prepared for a sale - only there are no new rumors surrounding a potential buyer. I might be very wrong about... — read more 

I was with bnym for 20 years. Ran a large group. Moved around when needed. Took on added responsibilities. But it really doesn’t matter. Although I had a history of meets and exceeds expectations received 2 BEs before being let go. Was it my work?... — read more 

I work in GIA and got BE thank goodness! If I don’t get laid off I’m going to be p-ss-d that’s all I got to say. Been praying for this forever!

Mgmt telling Brooklyn office don’t worry about the major ETF client leaving, we are onboarding new client and your jobs as safe. Is it believable ?

Has anyone heard if TS will have layoffs? I got BE for mid year and I had it for my year end too (despite not being here for the fourth quarter) and I’m wondering what my chances are. Honestly at this point I’d rather take the severance and go... — read more 

Welcome to the irrational world of performance evaluation by quota — where results precede analysis.

From what I can see, the earliest date speculated is August 19. Does that mean we are safe at least for this week? On a related note, how sad is it that now we measure our job security in weeks? I still remember a time when job security was a... — read more 

Charlie has forced out some great senior executives who spent their careers at BNYM and replacing many of them with suits from JPMC. I don't think that Jamie Dimon would be happy with losing so many of his "top talent" to a competitor, especially to... — read more 

Anyone hear CS going in October?? Apparently some shareholders been told?

I don’t know what else to say. What they are doing to our department just makes NO sense. Maybe its part of an overall plan but I don’t think so because their decisions just keep getting more and more STUPID. It’s like they are trying to fit... — read more 

Get ready now. It'll be bumpy. I see massive cuts in 4 to 6 months. I wish I am wrong. Assets: Low Quality - OUT; Top Quality - IN. Stocks - OUT; Bonds - IN. Next: Growth - OUT, Recession - IN???

For sure?

I am a manager that spent an hour this week, apologizing to an otherwise great employee about her BE rating. She handled it with such grace and professionalism that I was truly humbled, and even embarrassed. I would like to apologize to... — read more 

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... — read more 

Express it in %

When faced with a choice between ethical behavior or personal financial gain, guess which one Charlie and his ilk choose every time? They more or less always follow Adam Smith's vile maxim, "All for me, and nothing for you." They are little... — read more 

Has anyone taking advantage of Right Management services. In my opinion, they have not been helpful at all.

Their attempts at sounding civil and being concerned for employee well being only serve to amplify the insult. I suppose it helps them sleep better, but if you’re going to urinate on someone, don’t call it rain. Best of luck to everyone in the... — read more 

I've noticed that aside from the bigger layoff rounds, we hear about one or two people being laid of on nearly daily bases. Now, it's either somebody trolling (which I highly doubt,) or layoffs literally never stop at BNYM. They are just so small... — read more 

Has anyone experienced racism and discrimination in the London office? I experience it on a daily basis. I have never seen anything like this before.

BE is no longer for truly bad performance. It is now a QUOTA determined by “differentiating performance” within a group. Meaning, even if you are in a great team, BE is for a person somehow different from the rest. HR even provided managers with... — read more 

Since Chuck can’t handle criticism and deleted my comment I’ll repost: I recently resigned on my own accord, and I would like to report - I couldn’t be happier! The problem at BK starts at the top of the house. I worked in GCM and so I was in close... — read more 

Article today about another company (IBM). Eerie similarities..... https://www.bloomberg.com/news/articles/2019-07-31/ibm-fired-as-many-as-100-000-in-recent-years-court-case-shows

There was a time in this bank when the employees respected and looked up to their CEO. He would have the best interest of the clients and his employees. Those days are gone. At least they are at our bank. I hope Charlie reads these posts to see... — read more 

BNYM has created a very toxic environment for it’s people. Their bad policies and constant layoffs are trouble for everyone. Workers resent fellow workers, and everyone resents managers. This is trouble for everyone. Even the Company, since... — read more 

I've not heard of any yet, but who knows how low they will go.

NC, The guys who sent email to break up rating for India employees between AE1, AE2 and AE3. 30%,35% and 35% break up respectively. Way to demoralize people even further who get paid next to nothing. Also you can not exceed 30% in 1 & 35% in 2 but... — read more 

Performance Plan Mid-Year date - our ratings are due. Management must provide their BE tributes by midnight.

Their strategy is to get as many to leave as possible without having to pay redundancy. Keep turning up at your desk and take it handy....do not let them stress you out so you are forced to leave. Why do you think the people at top are being forced... — read more 

Lay off, fire, hire (cheaper, of course...) Seems to be the new circle of life at BNYM...