BNY Mellon is just going to get smaller and smaller. They will see temporary benefits from layoffs and pitting people against each other. But that will pass, and they will be left with the reality that they simply don't know how to make their IT... — read more 

Anyone in the Dallas document custody office been effected by these layoffs? I work in Pittsburgh document custody and was told not to worry. I have been down the layoff too many times and know what look for.

Why does it feel like I'm in the hunger games when I look at my coworkers now with these recent cuts and the whole new "rank and yank" system? May the odds forever be in MY favor!

Today the stock market as a whole had a good day. BK has been down over the last few months, today it's up around $52.90 which is +. I wonder if towards the middle/end of next week after more layoffs come, if this will have any impact on share price... — read more 

How many folks laid off directly solicited client business or created new product? Was wondering if this round of layoffs only hit overhead or were also aimed at improving development and revenue generation efficiency too.

Regardless of what you are asked to sign, I’m sure laid off employees could sue if there is good cause. It seems that the war on working from home disproportionally affects female working mothers. The people being let go also seem to be older (and... — read more 

"Construction people were seen installing signs that read "Work Sets You Free" at multiple BNY Mellon offices this week. Rumors of employees standing in lines, being directed 'left' or 'right' based on age, salary level, or 'perceived value' (or... — read more 

Who Moved My Cheese? is a 1998 self-help novel by Spencer Johnson. An allegory for dealing with motivation in the business world, it outlines different changes that happen in an individual’s personal and work lives. It frames these narratives of... — read more 

What floor are they using in the Grant Building to perform these layoffs?

https://www.facebook.com/TheLayoff/posts/2011646818931764

It all looks quiet at my location, except that sense of fear and stress that you can't hide. Was anyone affected today? If anyone has any info please post.

Sorry guys, but I don't think any of this should have come as a surprise. Bony has been unable to hold on to talent (front and back office alike) for the exact reason that the layoffs are happening - a culture of complacency and mediocrity... — read more 

What is everyone seeing for the maximum length of sub pay? Is it still max 52 weeks (2weeks for each year worked)?

Everyone here has used the adjective dinosaur in association with BNYM, right? You know you have, even if it was before you became one yourself.

Manager's have zero control over this. The manager's manager has zero control, the manager's managers, manager's manager has zero control. Whew! that was a mouthful! This is being driven by robots who sit above the heads of the various divisions in... — read more 

This might have been answered before, but I can't find it, so I figured I'd ask. What happens to our 401k after layoff? Especially for those who have been with the company for under five years?

Any updates on layoffs at Bnym Tech India? Let's keep this thread as a place for updates.

Can people please post here as layoffs start to happen, so we have it in once place what's going on? Good luck, all.

Why are we losing some of our most experienced and most knowledgeable employees? No matter how incompetent some of the managers at BNYM are, I doubt they would cut their best workers on purpose, if nothing else because they make them look good. So if... — read more 

I don't want to be taken like I;m cheer leading for the company or defending the cause I’m not, but my thoughts are that there was no big plot or even any special effort to cover up the layoffs. This is a sad thing and a good example of the society... — read more 

I see below someone is speculating about a sale to JPM, but the following article ignited some speculation in the office about a sale to Goldman... https://www.nytimes.com/2018/02/14/business/dealbook/goldman-sachs-mellon.amp.html

Where is this rumor coming from and is there any basis in reality? I know Charlie has brought a lot of people over from JPM, but he spent many years there and might just be bringing over his former colleagues and people he knows.

Rules by fear. No one respects her except those who have followed her from Lehman to BoA to BNY who she rewards with the big bucks but are equally as clueless. She can't stand on her own two feet. There is no path forward in technology. She needs to... — read more 

Let's be realistic, most of us had a lot of complaints about working at BNYM, and we all stayed at the company for the solid pay it provided and for the bennefits. We all delt eather with uniterasted clueless management or with dinosaur bosses stuck... — read more 

I can't seem to figure out what method did they use when performing these layoff. From what I hear and see on this board people from all around the company say they’ 've been cut. Does anyone know what departments were affected the most and was there... — read more 

If you've met or exceeded expectations, are you thinking about leaving BNYM right now? If so, upvote this post please. What would stop you from leaving? Is the writing on the wall or is BNY going to come back stronger than ever? If you're thinking... — read more 

I was called into a conference room by my manager’s manager (my direct manager was laid off before me). I knew the cuts were coming and was hopeful for a package...most of my desk was packed. HR stayed in the room with my while my coat and purse was... — read more 

Whether you were let go or remain, you were/are affected by BNYM’s policies. Everyone is worried about their own job, and affected by the things they are asked to do to their fellow workers. Morale is just horrible, and this affects productivity. Out... — read more 

It's not my fault I got old, and it's not my fault they gave me raises. I get letting people go for financial reasons, but do they have to humiliate people with "Below Expectations" ratings when those ratings were mandated, and do not reflect... — read more 

I am seeing Bnymellon laying of US workers and bringing India workers over for less money. Everyone’s so worried about the wall and Mexico, what about those of us with education losing jobs to Indian workers. Our professional jobs are are at risk.

Is this confirmed to be the new company policy? What was the point in beating around the bush and having people re-submit their arrangements for approval then? If that is true, the money they could have saved by not building the unnecessary new... — read more 

I've been with the company nearly 15 years in IT. I was forced into a management position a few years ago, even though it's still not my job title and I'm doing both management and development. For some insight, we were forced to give "Below... — read more 

Anything planned?

I keep reading people are getting walked out without even being given a chance to pick up their stuff? How is this okay? And what is the point of it?

I haven't been laid off yet, but I wouldn't be surprised if I get the dreaded call before this whole thing is done. My biggest issue is the availability of jobs for people who are in their fifties that are actually good and pay decently. I've been... — read more 

Not sure how much scrolling you've done around this site. few general obs. 1- There are as many ad banners as comments = some comments look purposefully overthetop to stimulate posts and clicks - so read skeptically. 2- replace this CEO name and... — read more 

In reality, BNYM should have reduced headcount long ago. Jonn Bogle told us in the 70s that throwing darts at a dartboard would get you returns that beat 80% of actively managed portfolios, and then went on to prove it. The investment acumen of BNY... — read more 

Any inside info on the fate of Dreyfus and employees regarding this last round of lay offs?

I worked there for many years. I was laid off myself. No one is guaranteed employment. If someone is upset they can no longer WFH then look for another job. I always felt the company had a good work- life balance.

while I'm at work ticked off about this WFH policy change everyday. Get with the times BNY Mellon..There are full time remote jobs out there and you're going to be p-ss-d off about 1 or 2 WFH days per week? I don't need a babysitter in order to do my... — read more