Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Secret Consulting Playbook Found

A secret document was recently found on an employee's laptop during an RTO visit at an undisclosed office location. WARNING: This model includes highly sensitive, tried and proven strategic consulting techniques, which should be very familiar to... — read more 

WFH

I used to be based out of KOP. I've been WFH for 5 years and was told today that we're moving to in the office and my choices are Jersey City, Pittsburgh and Lake Mary. I don't live anywhere near those places. Are they going to lay us off? Fire us?... — read more 

Hiring Freeze Details

Anyone know how long this is going on or how long it will continue? Any details would be appreciated.

9 hour workday soon?

There are rumors that the bank wants to push everyone to a 9 hour workday. Please can anyone chime in if they heard the same? I would hate to work an extra hour for the same pay.

Let's talk about Q2 round

It is not funny but it has become a quarterly "efficiency savings" effort as they put it. Hearing it is in June. For those who are in the know, what week it is going to be?

Global Payments & Treasury Services Recruiting

Brief Question: Is it by accident or by design that Global Payments and Treasury Services recruit people with "special needs" and individuals recovering from substance addiction to work here? A few of us believe BNY must receive a government... — read more 

What happened here?

I worked here many years ago and returned. All I can ask, what happened here? This place has been warped beyond recognition. People smiling? Na we don’t do that here, this is misery incorporated with a completely destroyed corporate culture. Good... — read more 

I'm exhausted

I’ll be the first to admit the job itself isn’t terrible. The team is solid and the paycheck is decent. But when you’re always picking up the slack for unfilled roles because they refuse to replace anyone, it wears you down. After years of this, I’m... — read more 

2/18 layoffs

Anyone from 2/18 layoffs having issues getting unemployment in NY because they received lump sum payment?

PIPs

Is it just me, or are they handing out PIPs like candy these days? Not just to low performers, but to people where it makes absolutely no sense?

Propaganda

This place sends out corporate communications on every day Or month for every group especially the new made of days/ months. Unless I missed it - nothing sent out to the moms for Mother’s Day. Happy Mother’s Day bny moms - may you all find a... — read more 

Disappointed

Sr leaders really dont care about this company . Nothing they donis in the best interest of customers anymore. Or employees for that matter. Their comments are literally “if you don't like our rules then you can leave”. What used to be a company who... — read more 

I actually do like Eliza

I’ve found creating a personal Agent pretty easy and my team even has projects on development that will save us all a ton of time. It’s not magic but not a gimmick either.

Do not accept a job here

RV is running this bank into the ground. No concern for anyone but himself and the stock price. If you choose to work here, you are running into a burning building. I have been here long enough to say this with confidence, and looking to get out. If... — read more 

Does engineering report into LAR or ELIZA?

The more I hear her nonsense about her advocacy for ELIZA, the less credible she seems as CIO. “I don’t read my emails, I just stick it in ELIZA” - she’s either an absolute prompt-engineering wizard to make anything that it produces useable, or full... — read more 

Eliza craziness

They are trying so desperately to sell Eliza as a good thing when we all know it’s really bad, provide lame answers, the agents are just useless.

This leadership is a joke

They’re running this place into the ground while we break our backs cleaning up their mess. Enough. Tear it all down and start fresh before there’s nothing left to save. Either they go, or this whole thing crashes. No more half-measures. No more... — read more 

Clown Hall questions that will never come up…

Hey Robin, when do the layoffs in the US stop and when? Do you honestly believe India is stable let alone some innovation hub??? Do tell Hey Robin, what is your ‘real’ vision for this company. What will it look like? How many employees? where will... — read more 

May Lay Offs

Does anyone know when the layoff in May will begin? I think I am being set up to justify being canned. I see the handwriting on every wall in my team. Meets rating mid and year end last year and RTO compliant.

Meritocracy doesn't exist here

It’s frustrating when rankings feel predetermined instead of earned. No matter how well you perform, the results never seem fair. The system’s stacked, and hard work rarely gets recognized. At this point, it’s hard to even care anymore. — read more 

When is the next round?

Who knows the actual dates of the next layoffs? Lots of chatter around here about RTO but remember what else is coming…

Based at Home

How much longer do based at home employees have before they get the boot?

What’s the ratio?

Seems like every week the corporate communications is telling me to “welcome” a new MD outside hire. Every time I see it I wonder how many experienced worker bees were given the boot to make room in the budget.

Explain this to me.

How is it I’m unable to work from home during the week taking remote calls from the office but Saturday nights I can be on a stupid resiliency call testing applications for six hours from home?

What can this place possibly offer now?

Other big banks pay a lot more and have more career opportunities. Layoffs also feel less common. Here I feel like they do it every month with February, May, August, and November being the bigger months (especially around Thanksgiving). Work/Life... — read more 

How long before circumstances demand otherwise?

We have no plans to return to 5 days in office unless circumstances were to demand otherwise Don’t you all love how they give themselves an easy out? And it’s curious how the senior comittee on one hand states fluffy nonsense that positive... — read more 

Agile Flex Office Requirements

Can anyone clarify what the situation is with employees who have the Agile Flex Arrangement? Hearing mixed messages, some saying they will be back 4 days a week office from September, but I don't see anything on MySource about this.

Remote staff gone by RTO date?

I’m on the People Team. I was told that as a remote worker, my job will be eliminated by the RTO date (4 days in office) in September. So there’s no incentive to work. Period. Yet I’m told I need to continue to work and do my job. RV has made this... — read more 

Ex-employees from other banks

So many threads on here are from people complaining how much BNY has changed and how brutal the culture is now. It’s become very paranoid and impossible to think you have a long-career here, etc. Are there any colleagues who joined BNY from other... — read more 

Next lay off coming?

Sooooo heard May and June is going to be the month of layoffs, thoughts? Do we have the dates??

Program Managers will make a comeback

BNY will soon realize we dont need so many scrum masters and train engineers. Technical program managers are so versatile and manage so much that even JPMC and other banks are hiring them at high levels. Naturally BNY is always 5 years behind so we... — read more 

I actually like my India colleagues

I'm US based but I like my India colleagues. Every other comment seemed like it was complaining about offshoring but the vast majority I work with are great coworkers who happen to live with a god awful work culture.

This is the trap of corporate America today

If everyone walked out for a week, together, the higher ups would have no clue what to do. They can’t lay everyone off at once, the optics would look terrible, and they’d realize who has the upper hand. Unfortunately, the trap is that 95% of people... — read more 

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