Has anyone who was laid off been able to negotiate a better package? Did you have to threaten legal action?

Just heard asset mgmt closing yet more products last week. Why does this keep happening and why does current head of business still there?

BNY Mellon seemed to think they could just get away with laying off hard working professionals with their scripted speech of downsizing and have no negative ramifications. Wrong. I continue to be working with many contacts I know in other financial... — read more 

Hello, Does anyone knows, what are the options do we have for Health Benefits after SUB Plans in following conditions, which are cheaper. 1>If we find the Job, Salary will stop coming from BNY, do we have any option for continuation Health Benefits ?... — read more 

Saw several posts over the past couple of months about a class action. Just saw another statement about it. I'm certainly interested in joining, and in my case, I feel disability was part of the equation as well. As a matter of fact, I've been... — read more 

JPM and Citi technology titans being hired and appointed to the BNY Mellon executive committee at lightening speed. JPM allowing information of their mass layoff plan, especially in technologies, to be announced when they are notorious for keeping... — read more 

If there is a realistic line to which the company can lay off its employees I believe we are close to that line. So, I was wondering by how much can BNYM reduce the headcount more before becoming inoperable? Can the fact that we have been thinned to... — read more 

https://www.marketwatch.com/articles/jpmorgan-downsizing-wealth-asset-management-51553869571?mod=mw_quote_news

Way to go. We need a bit of that here too.

Never thought I’d wish for new hires or even that some work gets outsourced, but apparently with this quantity of work that is left after the layoffs , it’s impossible to get anything done within the deadlines. Can’t see us maintaining this tempo of... — read more 

I'm just wondering if people who were laid off this (or any other) time can return to BNYM at some point in time (after the severance period runs out, of course?) I'm not talking about returning to the same position - I know that would defeat the... — read more 

This might tell you a thing or two. This is from a press release in late 2018 from the US Securities and Exchange Commission. BNY Mellon to Pay More Than $54 Million for Improper Handling of ADRs The Securities and Exchange Commission today announced... — read more 

What a joke. Just listen to how they advertise themselves (Grow Your Business through industry Expertise & Lasting Relationships). Are you kidding me? No Business in their right mind would have anything to do with this joke of a company (and believe... — read more 

We're all part of Charlie's bad social experiment...which allegiances will you form? will you successfully manipulate the system? or fall prey to its injustices? do you trust your fellow inmates? will they leverage information against you for... — read more 

Spring fever - a feeling of restlessness and excitement felt at the beginning of spring. Layoff fever - come on already and give me my package so I can escape this hell hole.

So the new guidance from the EC is that if you are promoted to a level J OR you post for a J level job elsewhere in the company you will (a) not be promoted until December 1 of that year and (b) not receive the pay raise until the following July... — read more 

Desperate people will take any job. Thats why we remain. Thats why “managers” now lead a team whose jobs they don’t know. Thats why workers with “bad” managers don’t leave. The company aspires to “transparency”, but nobody tells the truth or maybe... — read more 

They did these layoffs. Reposted the same positions "looking for fresh talent". Everyone knows what a mess this company is to work at and won't touch these jobs so they just sit empty. Why would anyone want a position for less pay than the brick... — read more 

What is the name of the new head of HR? -

We get new folks at the top on a monthly basis , are these times of desperation for Chuckie ?👍

I understand there were a few rumors about layoffs being performed this week and I would honestly be surprised if they turned out to be not true, given that every other rumor before was correct. In that light I ask the question is there any word on... — read more 

Layoffs today in asset servicing technology - from what I know about 10 total

They have loaded so many security scans on our computers, it’s almost impossible to get anything done. This happens both in the office and telecommuting. Ironic, they are doing things to improve company performance (layoffs, reorg), but each result... — read more 

I think I heard somewhere that there'll be more layoffs for sure before the end of the month - which pretty much mean this week. Has anybody heard anything? I feel like we've entered a stage where layoffs at BNYM went from being an occasional to... — read more 

Not sure why my thread was deleted about the former head of HR, but this is for those of you that are applauding her jump ship because you think she is some kind of hero. Trust me, those of us that interacted with her applauded as well but not... — read more 

I gave my notice yesterday! In 3 weeks, my BNYM nightmare will be over. I accepted a job elsewhere offering more money , and it's a less stressful position. I've been with bny for 9 years now, and I have weathered a few storms and many rounds of... — read more 

I actively monitor my linked in profile so I know that a BNY Mellon Compensation Analyst viewed my linked in profile this week. Today, I happen to notice when I go to book a meeting multiple attendees in outlook I can see availability for myself and... — read more 

Since most of us are still shareholders even though laid off (particularly the older people like me), we still technically hold stock via the ESOP/Pension. I got the Annual Meeting 'garbage' today. Naturally I will vote AGAINST everything the board... — read more 

Why was it taken down?

When one is tasked with setting up a project so that it is properly researched, and then handed off to the technical team, where everything has been reviewed and approved (and even when there are some minor last minute changes) you would tend to... — read more 

We have a wrestling tournament causing parking and tracking nightmares. We have a high profile trial that could result in protests or riots. If management had any common sense, they would have encouraged working from home Thursday and Friday.

ust thinking out loud. We couldn’t be a serious company in the industry with a much more knowledgeable and experienced workforce. Who the hell is gonna take us serious now, with a bunch of newcomers and outsourced departments.

mid-2018 we were told that to get ahead of the changes that BNY was implementing for WFH (which really meant that BNY wanted to eliminate this) we were to be in an office at least three days each week. Later in 2018 that changed to be four days per... — read more 

The subaccounting business in KOP has been standing around with little new work to do since January 1. Very little work is being handed out to us and we're mainly working on small items or finishing up with projects previously written up. Very soon... — read more 

Why are most of the people being laid off above a certain age? What I'm seeing is a clear case of age discrimination - and yet I don't see anybody talking about it. Why is that? If nothing else, media should be on this - and we are not hearing a... — read more 

The wrong people are getting displaced. They should displace the levels of IT management who created the chaotic atmosphere we work in today. You know the ones. The ones who are draining every ounce of energy from us with their pathetic and... — read more 

I guess they have to complete by quarter end.