Anyone know what happens if you resign mid year to the $$ being withheld for purchased days?

Tax groups in Wilmington, NY, Westborough and Chennai. If you don't want to go to Deloitte, you lose your job with no package. BNY is keeping 8 months of 401k matching as if they all decided to quit. Everyone loses all time served, again... — read more 

In the vast majority of cases, they’ve been arbitrary, serving more as a scripted performance than a real measure of value. They exist to create the appearance of fairness, but in reality, they're used to justify decisions when it’s time for cuts... — read more 

January submit names. Lay off in Feb. March termination date. April submit names. Lay off in May. June termination date. July submit names. Lay off in August. September termination date. October submit names. Nov lay off. December termination... — read more 

Asking the important questions idgaf about RTO or performance reviews.

Are these 25% low ratings to avoid bonuses, promotions, and cut the low of the low workers? Was hired about 6 months ago as a VP software engineer. Do I need to be worried? I get my work done and sometimes more.

So I called Fidelity and told them to remove BNY from Institutions receiving your account information. The list of accounts is right there in the Fidelity Security settings... And then I was told by Fidelity that I need to call BNY Compliance and ask... — read more 

Last one was 5/18-5/19th for a layoff date of 6/18. I’m hearing buzzing around that there are more this week? I thought it was Aug-Sept and Nov-Dec?

EH out.

To all the Dad’s working in this fetid swamp, Happy Fathers Day!!!!!!! We are the epitome of dedication to family and doing what’s right. Putting up with bad stuff for the sake of our wives and children. The real Alexander Hamilton would be proud of... — read more 

I've never been happier. I sleep better, lost weight, and actually see my kids now. I didn't realize how much that place was ki-ling me till I got out. Best decision ever. To anyone thinking of leaving - do it. Not a single regret about my decision. — read more 

When are mid-year performance reviews? Hearing different format. Anyone know?

yep...

After reading about RVs new cash grab, I can only wonder what the next shoe to drop will be. Already seeing big cuts throughout the organization and other higher ups jumping off the sinking ship. Money going towards the “birthday parade” this weekend... — read more 

I love the platitudes that they use in the announcement of Robin becoming chairman of the board. You can tell he's grinning writing all that nonsense while signing off on RIF waves

I have no basis for this , just conjecture based on what I’ve seen. AS is a massive business but also very automated for custody work so it tends to be profitable. Funds Services is not profitable but BNY has the scalability to do clients’ back... — read more 

This is quite vague as it has to be but I would like to formally apologize to many of you on behalf of us worker bees in Global Payments. There’s a lot of awful changes currently taking place that we the people have absolutely no control over... — read more 

Anyone know of or working with a law firm, in the NYC area, with experience working with BNY employees.

Read this as a comment in the mental health post, but it deserves to be a topic. If they put me in the 25%, I won't be acknowledging my review, that's for sure. Manager here: it’s confirmed that the new requirement coming from Robin down is to... — read more 

Leaving this right here… In 2022, McKinsey was paid $55 million to advise Warner Bros to combine with Discovery. From 2022-2025, McKinsey charged Warner Bros Discovery $37 million by advising the company to change HBO to HBO Max then to Max then... — read more 

We can’t get scrap for merit or bonuses, people get laid off, those who are based at home are going to be let go if they can’t come into the office, but hey, BNY can sponsor the parade in DC on Saturday “to celebrate the 250th anniversary of the... — read more 

How did it go?

Let me start by saying what a GD joke!! Psychological safety? Promotion opportunities? Burnout? None of these leaders seem to have a clue about what they’re doing, yet they continue to play the “we’re here for you” charade. It’s absolute... — read more 

The love affair with AI will only result in major layoffs and a lot of problems down the line. Mark my words. https://time.com/7291961/bny-ceo-robin-vince-interview/

Has anyone resigned due to the toxic work environment? And did you state that as the reason for leaving?

Fifteen years of working in banking like an id--t for nothing. I've lost so much of my life working my a-s off. For what? Just to be unceremoniously kicked to the curb one day, with nothing to show for all the years spent in this sweatshop. There's... — read more 

For those of you who work in Wexford did you get your severance package and were you satisfied with it? I'm also wondering what the long term future holds for BNY in Ireland? Most people seem to think Cork will close soon and despite the new office... — read more 

I sit in Asset Servicing. Our margins are okay but is only held up by a handful of clients with huge cash balances and generally higher AUC compared to recent years, which increases our fees. But on the flip side, clients are not happy. We’ve gutted... — read more 

Would BNY HR share reasons for termination or any other data (e.g., eligible or not eligible for rehire) with new employer during employment verification process that may prevent you from being hired by new employer? Has anyone been let go ‘for a... — read more 

Our CEO in Geneva talking about the future of banking while whatever rubble remaining of his firm smolders. This has been a speed run to being a bottom tier Wall Street firm. A legacy destroyed in a few years.

I came in with a lot of hope, expecting real training and support. Instead, I’ve spent months trying to figure everything out on my own, with no real guidance. The workload keeps piling up, and I’m completely drained. Now, I’m just counting the days... — read more 

Oh Yes, we will hear how we are positioning ourselves to now move Mount Everest with the new model and less effort. How did we ever live before this came along? Be sure to fast for 8 hours and take Xanax with lots of water before going to this... — read more 

Don’t let them fool you. Placing plants and pictures of paintings around the office is not an effective morale booster when it is at an all time low.

This place has burnt me out to the core. My team is expected to work all of our waking hours; nights, weekends, holidays. All because of pi-s poor management and not even so much as a thank you. Yes I could quit but that’s easier said than done, I’m... — read more 

Can’t wait for everyone to explain how miserable they are at this bank and how RV and his cronies care about us but will continue to do nothing when we have the opportunity to speak up about it

Can’t find the post that discussed this, but was it determined they are paying out PTO at this point if you resign? It’s mental I had to turn here for information, I know.

The soul of this organization has been su-ked out. It was never great, but it was at least comforting enough for doing the sludge work of the industry. Is it beyond saving? What exactly is the value proposition for staying? The inmates are running... — read more