Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Short-staffed, relying on temps, what a mess!

Laying off the tenured, knowledgeable, capable people and replacing them with temps/contractors hired off the street whose only work experience is at Dunkin Donuts is working out very badly! It is an absolute mess, they will hire anybody with a pulse... — read more 

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| 1120 views | | 8 replies (last March 5, 2019)
Post ID: @OP+XRrgAeh

Charlie Shaft - You've ben Shafted

Charlie was brought in for one reason only, To shake things up and hold up the stock price. He made a name for himself at Visa doing the same stunt. How do you do that with a custodial bank? BNY Mellon is a banks bank. It processes transactions... — read more 

BNYM layoff.com glossary

I've noticed how this website shows various comments. Let me summarize them ... • sh--hole • f---ed up • c-ap environment • a--holes • s---s Please let me know if I've missed any appropriate BNYM terminology.

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| 1280 views | | 17 replies (last March 22, 2019)
Post ID: @OP+XQGxVJA

Name change of BNY soon

From Bank of New York it will be known as Bank of S--- ups as more than half of the employees only have that skill set.

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| 840 views | | 2 replies (last February 28, 2019)
Post ID: @OP+XQkxl4t

Bonuses for laid off employees?

Anyone else told they are still bonus eligible when they were shown the door? Anyone actually receive that bonus or just more of the same BS??

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| 1060 views | | 6 replies (last March 1, 2019)
Post ID: @OP+XQ9HTzh

Disgusted

My comp is up from last year and I’ve been told I’m a valued employee and they want to keep me. Even so I’m beyond disgusted and put off by the direction this company is taking. I can’t imagine how many others who have been demoted or had their comp... — read more 

IT systems are a joke

TSG and desktop engineering continues to be a joke. Windows 7 is being retired at the end of the year - look around you and see all the Windows 7 PCs? Do you think they'll be upgraded by end of year? Lol, no. Same as when we had to pay Microsoft big... — read more 

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| 890 views | | 4 replies (last February 28, 2019)
Post ID: @OP+XQ25UMa

More on Asset Servicing Technology

Related to other post the other day, also heard rumors March 11 layoffs. Environment on the 13th and 14th floor is horrible ... I really hope I am on the list. Feel little cattle stuffed into a barn. Can't take the daily fire drills and nonsense with... — read more 

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| 1610 views | | 7 replies (last March 4, 2019)
Post ID: @OP+XQm6eD0

Nice snowy icy commute

I hope I slide off the road and die at least I wont have to work at this miserable sh--hole anymore. Enjoy the commute in!

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| 930 views | | 4 replies (last February 28, 2019)
Post ID: @OP+XQhxL80

BNY NEEDS CHARLIE HARPER as CEO

how about Charlie Harper ? Free all you can drink booze and also you can puke anywhere you want . Open to suggestions

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| 900 views | | 3 replies (last February 28, 2019)
Post ID: @OP+XQkrnAw

LOCK STOCK AND BARREL - BONUS HAS ARRIVED

FINALLY , the bonus day has arrived.. the one glimmer of hope in all this doom. does the motivation now drop to a new low ? Current employees will be looking to run out of this company - - - take the money and RUN !!!

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| 673 views | | 1 reply (March 1, 2019)
Post ID: @OP+XQ4lJ2j

Did anyone’s bonus fall from last year?

Late to the game here as people had comp discussions a while ago, but whose bonus shrank from last year, or they didn’t get one when they had in prior years? (Or am I the last person who still works here?)

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| 1410 views | | 8 replies (last March 2, 2019)
Post ID: @OP+XPA76tp

Can we ever undo the damage?

This was once a great bank, but the management has managed to completely ruin anything that was once good about it. I'm starting to think that no matter what happens now - even if we get all new leadership that actually has both the bank's and... — read more 

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| 1862 views | | 9 replies (last March 2, 2019)
Post ID: @OP+XPrfYNc

Who will want to work at BNYM after this?

Sad to say that that’s the case but BNYM has been a dinosaur company with outdated business practices, a practically the only thing that motivated people to apply at BNYM (and stay) was the sense of security. Now that that went down the toilet, good... — read more 

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| 1200 views | | 6 replies (last February 28, 2019)
Post ID: @OP+XPCTaO7

Sell half’s of company

Over past several months as we all know several Chase implants are here. Those businesses go to chase rest to Goldman

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| 680 views | | 2 replies (last February 28, 2019)
Post ID: @OP+XPvNvV3

How small does BNYM have to get?

As these layoffs continue this situation looks to me more and more like running the company to the ground then like an organized and strategic reduction of workforce. I mean, we were a dinosaur company as it is, and it’s clear, even to a college grad... — read more 

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| 1262 views | | 2 replies (last February 27, 2019)
Post ID: @OP+XNczzPj

So much uncertainty

So much uncertainty at BNYM lately. So much stress, so much frustration... Working here has started affecting my mental health - I can't properly relax even on weekends. Anything seems better than this, and yet I'm still too scared to just quit. As... — read more 

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| 1310 views | | 3 replies (last February 26, 2019)
Post ID: @OP+XNI7WxH

BNY Mellon is Straight Trash

This place is finished. What an embarrassment. You’d think it was 2008 the way this company pays and treats its employees. Scharf is a cancer

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| 1010 views | | 3 replies (last February 26, 2019)
Post ID: @OP+XNwXYd1

Always in the dark

Good management is honest with employees. BNY Mellon purposely leaves us in the dark about what’s really happening. Don't ignore signals about this. There is no antibiotic for the Scharf virus spreading within our company. That will dictate what you... — read more 

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| 1460 views | | 4 replies (last February 26, 2019)
Post ID: @OP+XNGecfM

SUB 'scam' in place of severance

One of the 'benefits' of the SUB scheme instead of 'true' severance is that you save social security, and you can concurrently collect unemployment. Believe me, they're not doing this out of the goodness of their hearts. They do this so BNYM saves on... — read more 

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| 1570 views | | 4 replies (last February 27, 2019)
Post ID: @OP+XM98DYI

Sinking ship...

...tossing people overboard to try and stay afloat. Even Charlie might agree, although this is not the way he would present it to shareholders.

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| 1400 views | | 8 replies (last February 28, 2019)
Post ID: @OP+XMAJOzd

What is an independent Contributor?

Some Managers/ supervisors in our office have been rebranded as “Independent Contributors”. Their people have been taken away and they will now continue doing their job, but not manage people anymore. Is this happening elsewhere and is this a sign... — read more 

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| 1610 views | | 5 replies (last March 5, 2019)
Post ID: @OP+XMLV08T

I was very happy here, until I wasn’t...

Ok, so I survived the latest layoff. What next? I had a successful career where I was happily productive, but due to the new organizational rules, I am now in a role for which I am untrained and unqualified. I may fail and be laid off (with... — read more 

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| 1940 views | | 11 replies (last February 26, 2019)
Post ID: @OP+XLNR663

JP Morgan

Rumor of BNY Mellon being bought out by JP Morgan Chase.

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| 1880 views | | 7 replies (last March 27, 2019)
Post ID: @OP+XKqwn26

Is it even possible to lay off more people?

Of course, this is a rhetorical question. It’s always a possibility with this leadership, but if more people get cut and nothing happens like new hirings, allocation of work etc… we seriously won’t be able to operate with this headcount, at least at... — read more 

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| 1033 views | | 3 replies (last February 22, 2019)
Post ID: @OP+XKU5Wdc

Invested !

What kind Clients would invest in a Company whose employees are not happy.

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| 1110 views | | 7 replies (last February 26, 2019)
Post ID: @OP+XKlYPg0

a penthouse for layoffs

With the new lay-offs he can buy a better penthouse and doesn't fail anymore: https://nypost.com/2018/09/10/bank-of-new-york-mellon-ceo-sues-over-18-5m-penthouse-deal/

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| 800 views | | 2 replies (last March 21, 2019)
Post ID: @OP+XKL7TNY

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