Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Town Hall

Anybody looking forward to the Town Hall? Attendance is to be made a priority.

This is destined to fail

So many layoffs, so many of the best people gone... There is no possible way in which this will turn out well, for anybody involved. I'm just wondering how long it'll take those on top to realize that profit at any cost will end up destroying... — read more 

Economy doing great?

We know financial companies are shrinking. Good luck finding a job in a different industry. It might not be retail sales... https://finance.yahoo.com/news/25-retailers-already-announced-close-132806255.html

No Accountability at the Top — yet

2nd Quarter results will be below expectations. Top management will blame ‘headwinds’. They will say, “Without our expertise, it could have been even worse. Be thankful. We are ‘superstars’! The precarious employees will; however, be afforded no... — read more 

BNY

BNYM is plagued by an absolute lack of management talent from the top down. d—beats, dullards and cowards all. No intestinal fortitude to make a rational decision due to fear. Good workers are demoralized by management never helping only getting... — read more 

How are you going to spend the $$$

We are the weekend away from actually receiving our raises we were told about MONTHS ago. Let's pretend that inflation hasn't already wiped out the spending power of our pathetic raises. How are you going to spend it? I plan to put my... — read more 

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| 1620 views | | 10 replies (last July 14, 2019)
Post ID: @OP+100p94yA

Views

So many views... so little comments.

Quite

not much chatter right now, good thing or bad? Anyone hear anything new?

Benefitwallet

Hello, What are the option do we have with the balance remaining with Benefitwallet ? How long can we keep the balance ? do we need to transfer that at some point ? -Thanks

Why did you quit?

Asking those folks who decided to leave on their own - what was the thing that made you finally decide to simply walk out?

For those that remain...

Just a shout out to the people that remain, and are working so hard in such challenging conditions to get the work done. You are doing a great job, no matter what they tell you! Wishing you the best of luck and some eventual relief, and then more... — read more 

Deutsche Bank

I wonder how many of the 18000 Deutsche Bank d-bags will end up at BNYM for a cheap price

Tech

Has anybody seen the benefits of the tech expenses?

BNYM in Cardiac Arrest

I’ve been an employee for 10 years. My group has seen several of our long time team members terminated over the last few months. All hard working, smart, dedicated people. We no longer have the cross coverage to support our applications in production... — read more 

How many employees does BNYM have today?

I know people are going to say “check the official numbers” but I highly doubt that those numbers are even close to reality. With all the layoffs and little lor non hirings I imagine an army of workers are no longer with the company. Anyone have any... — read more 

So much for enjoying today

Why am I here today of all days, checking to see if there are news on more layoffs? Instead of relaxing and enjoying myself with wife and kids? Honestly, I don't know if I am more mad at myself or the BNYM management who put me in this state of mind... — read more 

New waves every few months?

Layoffs are now called staff action events. I received BE and survived the last staff action. But I have heard that only BE rated people will be let go. And I have also heard these waves will be every few months some will be in August and many more... — read more 

It’s really different on the other side

I don’t mean this in a negative way. I was let go in Pittsburgh in 2017, well before the mass layoffs began. (Management hates my guts to this day, seriously) I started working again in a different company, and the atmosphere was so refreshing. I... — read more 

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| 1420 views | | 4 replies (last July 10, 2019)
Post ID: @OP+ZSMWJ9X

Future at BNYM

I wonder, how many people still see their promotion and career path at BNYM clearly? Is there such a thing as building a career here anymore or is that just a thing of the past by now? I personally don't think it's a possibility. With zero job... — read more 

This Week in Pgh BNYM Propaganda

This weeks nonsense centers around the enhancing the employee experience by renovating: the café paint, lighting, (and I kid you not) the artwork and furniture in the lobbies. These people are clueless - and some lemmings will lap this cr*p up like... — read more 

Cut employees to fund stock buybacks

With the announcement that BNYM is buying back $4 billion of its stock, get ready for a big layoff wave to fund it! Charlie’s priorities!

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| 791 views | | 1 reply (July 3, 2019)
Post ID: @OP+ZQZUuU6

OST budget discussion 7/1/2019

I listened in on the OST weekly conference call yesterday. The budget was discussed through eom may. Our business was recently moved to OST. it is very interesting that the budget was discussed at all. The OST group is over budget in every category... — read more 

Am I the only one hoping to get laid off?

It's a good way to leave this hellish place - severance might not be great, but it's enough to get me through a month or two while looking for a new job. And I don't think finding something will be that hard - anything is better than BNYM right now... — read more 

Think my manager is trying to get me to quit

I had a mental breakdown basically bc of my job back in the fall and had to go on short term. Ever since I’ve been back...if anything, things have gotten worse. I feel like the mouse the cat plays with before k--ling it. I’ve gotten back and forth on... — read more 

WARN Act

How does BK get away without ever filing a WARN Notice?

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| 2360 views | | 1 reply (July 1, 2019)
Post ID: @OP+ZPHr82s

Notice period

BNYM can lay-off that day. What is the notice period from an employee standpoint in the UK should you wish to leave?

Layoffs in Orlando, FL

After 15 years, BNYM has decided to close down an entire department of about 55 employees. Many employees have been with the company for several years and now they have to face a major life change. The overall atmosphere in this company is extremely... — read more 

BNYM Clients - READ THIS

Take a good look behind the smoke and mirrors that this company puts in front of you. The employees are treated like dirt. Moral is as low as it’s ever been. Our senior managers are leaving on a regular basis. I’m still employed here and can’t stand... — read more 

The Unethical Review Process of BNY Mellon

With respect to reviews, 'differentiating performance' is being created via a kind of corporate transubstantiation move (analogous to the way the Catholic Eucharist turns wine into the blood of Christ). In this move they convert 'differentiating... — read more 

BNY MELLON Is BELOW EXPECTATIONS

There, I said it in their own words. This company fails in so many ways. And I continue to be amazed that clients can feel secure with a company whose own employees distrust it so. Beware of BNY Mellon.

Would you do it again?

Earlier this year, I left after 10 years service, and on a sour note. But my previous years of service was great. I enjoyed my colleagues and work, and my career flourished. Then my boss and his boss changed direction, the company became hostile, and... — read more 

BNY expects 10% of employees to FAIL

Layoffs and disorganization to “improve” the company, yet it still requires 10% to fail. Yes, that is the QUOTA required by BNY. BNY: YOU FAIL if despite all your efforts, your employees are STILL 10% below expectations. Employees: BNY is not... — read more 

Personal Belongings

It’s been months on months and I have to give up on the idea of them sending me my personal belongings.. :(

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