I had just turned 60 when I was let go in January. I find the actions of BNYM completely reprehensible since Im not eligible to collect social security for another 2 years. It is well-known that no one wants to hire people in their 50s and 60s... — read more
Who has volunteered to be laid off, WITH success?
Who, and how, did you ask? How long did it take? Did you get a fair package? Are you satisfied with the result?
Sub pay when you have a part time job when you are let go
When I was let go from BNY I had a part time job. They told me that I could keep my second job and still collect sub pay. Was any one else told that? And what will happen if I go full time at that job? Will they cut my sub pay off? Anyone in the same... — read more
https://pittsburgh.cbslocal.com/2019/05/22/bny-mellon-pittsburgh-layoffs/
https://pittsburgh.cbslocal.com/2019/05/22/bny-mellon-pittsburgh-layoffs/
Look on the bright side
Layoffs are never an easy time, but for good and knowledgeable employees ‘n not afraid. Someone will find a job earlier, someone will find it later, but ultimately we will al be going to better places than the one we are at now. In the end the ones... — read more
State Street alignment with BNY
Since BNY and SS are basically doing the same thing, could a merge be possible soon? I don't think having an office in Pittsburgh will last... — read more
ST, LOUIS CORPORATE TRUST OFFICE CLOSED MONDAY 5/20/2019 AFTER 21 1/2 YEARS
There were 4 remaining people in the office when it was closed on 5/20/19 which opened 8/25/1997. Back in 2001 this office employed 65 people and had revenues of $9mm a year, Constant brilliant management and their stupid decisions eroded revenues... — read more
Do not give BNYM power over you
YOU control your day! Not BNYM! Do not give them that much power over you! Once it starts affecting your health, and Sanity, it's time to get out. I understand the stress of the layoffs looming overhead, but I got out before they took me out. We all... — read more
The Best Decision I ever made...
was to update my resume and LinkedIn and start talking to recruiters last summer. It landed me the most amazing job at a foreign bank in Midtown. The first wave of layoffs came last summer and I refused to be a sitting duck. So I resigned from BNYM... — read more
Lemmings
Anyone else sick of these blogs & internal posts talking about Chucks thoughts and then looking through the comments, people kissing his butt saying “ thank you Charlie for being transparent & sharing your vision”. BARF. And these “activities” for... — read more
How sad is this?
I'm here at the crack of dawn checking to see if there are any news on more layoffs at work. No coffee, no shower, no breakfast with family... The very first thing I do nowadays is check this page to see what kind of day I am going to be looking at... — read more
Who has volunteered to be laid off, without success?
Who, and how, did you ask? What was their reaction? Did you quit yet? Are you satisfied with your decision?
23 traits of a really bad manager
i took this from ford's forum (btw they are laying off 7k and the board is on fire) Steals and/or hogs credit Gives no recognition Micromanages Overly controlling with significant lack of trust Nepotism / Favoritism Lack clarity of thought and/or... — read more
Hi, I've got a question.... If the economy is so great why is BNYM doing layoffs?
Well? I'm waiting for your answer.
Is anything happening except layoffs?
And I’m not talking about today's layoffs, I'm speaking in general. If the true purpose of the cuts were to restructure the company and make it better, shouldn't some other changes be taking place as well, other than people getting cut on a daily... — read more
has it started or not?
somebody said layoffs have started but nobody else is mentioning anything. what's going on?
Surprise call to a meeting? Take your personal belongings with you!
That way if you cannot return to your desk, you will have the important stuff that you need to get home. Good luck!
No layoffs today
Correct me if I'm wrong, but things happen first thing here when it comes to layoffs. Which means if we haven't heard anything by now, we're good for the day. I refuse to stress any more than I have to. I'll leave it for some other day when we... — read more
Job security
Remember when that was a thing at BNYM? Good times...
A Milenial with some advice -- for what it's worth
Reading these threads about people losing their jobs, healthcare and suffering from crippling anxiety is f---- heart breaking. But, listen, the economy in which you went to school, got a job, worked at said job for 10+ years, and based your entire... — read more
Most of us regret losing pay and security, not our job at BNYM
Maybe my location stands out in some way, I don’t know, but |I've noticed that people that did most of complaining about their job are now showing the most signs of fear about losing. Let’s face it, we all are scared about losing the sense of... — read more
Ed Garden Steps Down from BNY Mellon Board of Directors
Folks, https://www.twst.com/update/the-bank-of-new-york-mellon-corporation-ed-garden-steps-down-from-bny-mellon-board-of-directors/ This is big news. Ed Garden is part of Trian Fund Management (Activist Investor). Seems as though he and Nelson Peltz... — read more
BNYM Layoff Procedure Summary
I just want to document this for other folks looking for the info. The source is below: Question: How do they execute layoffs? Conf call? Meeting with a dir? HR present? Who’s in the room? How long does it last? Can you negotiate anything? Do you... — read more
COBRA/Health Insurance
Let's document this. Does anyone know how much is COBRA for a family of four (I have two teenagers + spouse)? What's covered by COBRA? Is dental / vision included? Thank you! Source @Z9wLhFb
Stay strong and keep it classy
If you get hit, stay strong and keep it classy. Walk out with your head held high. You have skills - you will be okay. Leave on a good note and ask your manager if you can use them as a reference. Regardless of what we have to put up with from upper... — read more
How do they execute layoffs?
Conf call? Meeting with a dir? HR present? Who’s in the room? How long does it last? Can you negotiate anything? Do you have time to pack up? Questions, questions… I have so many of them right now. I just hope I am not affected…
https://twitter.com/TheLayoff/status/1130555774273327104
https://twitter.com/TheLayoff/status/1130555774273327104
So tired of this neverending uncertainty...
Either lay me off or tell me I'm safe - don't keep me in this perpetual state of stress and worry! Anything would be better than this. It feels like we are all stuck in limbo. Can't move on and can't really focus on work either. No wonder... — read more
BNYM Asset Services
Any updates? What's happening today?
Anything confirmed about layoffs today?
I was pretty scared, O gotta admit, given the rumors about layoffs happening today. So far, at my office nothing is happening, just another Monday. Did layoffs really happen today, and if so, what locations were impacted and what number of employees... — read more
Office Closures
The St Louis & one other domestic CT office is being Closed today. Impacted employees are being notified with packets from HR.
5/20 nerves
Really nervous about 5/20 and the week. 240 Greenwich. Fingers crossed for all.
DR Test
I wonder how many people working on tonight’s DR test will be getting chopped this week
Sinking Ship
People who are strong swimmers are the fist ones to jump off a sinking ship and head toward another ship. For many others, the other ship is not within their reach, or doesn’t exist at all. This latter group is the most vociferous about the working... — read more
There are other options available
Honest question - why are people who are complaining about their jobs at BNYM not improving themselves and looking for new jobs? Why aren't you learning new skills? Things that will make you more attractive to potential employers? I know most of you... — read more
Hamilton Celebrations
The Thomas Mellon thread and replies made me think about all of the stupid Hamilton themed c-ap this company puts on. I honestly don't recall much of a fuss until the musical came out. Even worse than the promotions are the butt kissers who... — read more
Another business line CFO left today.....
Yet another.
Do other banks take BNYM seriously at all?
How do other banks view ex employees off custody banks? Do they even took us seriously at all? I have an ex colleague who has a hard time finding a job after BNYM. Is that just his bad luck, the tough market, or do other corporations look down on us?
What a horrible place to work. I gave my notice yesterday, start my new job in two weeks.
Won’t miss it here one bit. Lie, lies, lies. So many lies for five years.