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
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.
Typical day of a BNY employee
How has the typical day of a BNY employee changed due to the current scenario?
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.
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??
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
Who’s going to be the next one to leave?
Based on what’s been said in the town halls I get the sense that Monique was not the only higher up who is not on the same page as Charlie.
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
Does BNY have anything left to offer to it's employees anymore ?
Apart from frustration , low morale , politics , no career growth , c-ap tech , sleepless nights and tension , s---ing up to superiors etc .
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
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!
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
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 !!!
You know it's time to get out when the head of HR leaves!
Wow. Just wow. When I received the email today about Monique, I just sat at my desk for a few moments and took it all in. The company is obviously going down a path that she no longer wants any part of and it speaks volumes. Thankfully, I had two... — read more
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?)
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
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
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
BNY MELLON at the WORLDS END
Even Jack sparrow cannot save this one.. as BNY is at the world's end ?
Treating subordinates like dirt is a moral flaw
Charlie is not a god: nor his he even a great and admired man: he is little liked; he never took steps to make himself liked.
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
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
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
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
Please help: How can I get laid off with a package?
This sounds like a great deal for those that want OUT. Are we able to request this? Sounds like a dream come true...
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
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.
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
Put your money in a mattress
More secure than bny
more layoffs coming in March 2019
prepare. pay off debt.
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
How to keep calm in such an enviourment
How do current employees keep calm and even come to work in such a c-ap enviourment ? Do yoga and palates or running help ?
JP Morgan
Rumor of BNY Mellon being bought out by JP Morgan Chase.
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
Invested !
What kind Clients would invest in a Company whose employees are not happy.
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/
Got cut, now in Disney world, feel right at home
Is BNY Mellon more like Frontierland or fantasyland? It definitely is not Tomorrowland.