Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

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 

At what point do we finally say enough?

The pay hasn’t kept up for years, but the workload just keeps growing. Every time someone leaves, the rest of us have to pick up the slack - for the same shrinking paycheck. With prices shooting up, it feels like we’re just running in place. Why are... — read more 

Zero Accountability

I absolutely would love to know how good it feels to be above a K grade where you can operate however you want with zero accountability. Global Payments is basically a free for all because the upper and middle management is an absolute s**t show!... — read more 

I just need to hear something good for once

Between all the layoffs, RTO, and benefit cuts, it feels like we’re stuck in a doom loop. Anyone actually get a surprise bonus, decent raise, or even just proper staffing lately? I’d ki-l for one shred of proof that workplaces still care. Please... — read more 

Everett location closing?

Keep hearing rumors that the Everett location will close by Dec 2025. It will su-k that all of us will have to commute to Boston.. has anyone heard anything?

Watching people quit right now is crazy

Layoffs have been happening all the time, they’re not stopping any time soon, and that means severance. Why would you walk away when you can make the company pay you to cut you? You’re just leaving money on the table. I’d never give them the easy way... — read more 

Why are we still debating the purpose of RTO?

It’s an attrition strategy, just the latest in a long line. They’re always searching for new ways to cut headcount without paying for it. RTO is simply the newest. It was never about culture, collaboration, efficiency, or whatever convenient excuses... — read more 

Meeting I was in.

I was in a meeting and told the remote people will be let go in May and everybody has to report to staff in the same location they are in so they’re going to be redoing the org charts so to speak so you’re reporting to somebody at your same... — read more 

May cuts…

From a friend in the “People Team”. There’s another planned round of significant cuts in the Investment Management and Wealth Management businesses in May alongside some more in Pershing. Am not in those groups, but didn’t they just have a huge cut a... — read more 

Class action lawsuit

anyone else heard rumors of this. I heard from a friend in another dept that there was a class action lawsuit pending on age discrimination and other things….would be interested given I am in my late 50s and its inevitable that I am gonna be let go... — read more 

Negotiating separation pay, any pointers?

I wonder if anyone successfully negotiated their 2 weeks per work year deserved separation pay following fake pip and dismissal? I've been with BNY for 10 years with meets and above. Looks like BNY is giving me peanuts like 20% of that and asks to... — read more 

BNY deny unemployment

Talked with several people from the East Syracuse location over the weekend and found out that they received their severance packages. When they applied for their unemployment they were denied. One of them is going on two and a half months of... — read more 

4 days in office? This summer ??

I work in Pittsburgh and have heard a variety of reputable rumors regarding being in the office 4 days this summer. June, or August as the start dates. What have you heard?

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| 16270 views | | 26 replies (last April 30, 2025)
Post ID: @OP+1js2vah9p

How is that place still standing?

Seriously, how is anyone still surviving at that place? When I quit over a year ago, morale was already rock bottom. Now I hear they’re still pulling the same cr-p they did when I was there and then some. Anyone stuck there wanna confirm if it’s... — read more 

Good Friday and Asset Servicing

The Good Friday holiday was taken away from us in the US once Juneteenth was added. A floating holiday was added instead. Why are the offshore teams in India (not sure about Poland) allowed to call it a company holiday and not work while us d-mb... — read more 

Realignment

I'm surprised I haven’t seen any posts on this yet. At least within Asset Servicing, there’s a restructuring happening where all employees, up to an L, are now required to report to someone based in their primary office location. I previously... — read more 

Next round of cuts? When?

Does anyone know when the next round of layoffs will be? 20 years of service here always in good standing but starting to worry in this environment.

New severance package

Does anyone know if this affects the amount of unemployment you may receive? If you've been through this since the policy changed and are commenting, please include your state if you don't mind as state unemployment laws may differ. Thanks

Get out …whilst you can

All of my team have their resumes out and are talking to recruiters. Our Manager is clueless to the fact. I can’t wait to get out of the kindergarten in-office tracker for one., the incompetent senior managers for two and what feels like a prison... — read more 

Termination to avoid severance

In Corp Engineering, there is a new trend instituted by guys from GS. Give bad ratings to older employees and use that as a basis for termination. Now it is no longer a layoff! It is termination due to poor performance. One of my collegues worked for... — read more 

Department of labor

The best solution at this point is for everybody, whether you’ve lost your job yet or not… File a complaint with the department of labor… Maybe that will get some visibility & change. Otherwise you’re just hoping Robin and his cronies suddenly get ... — read more 

Full RTO (5 days) within next 24 months?

Do you think we'll go back to 5 days in the office within next 24 months. Not sure what the overall thinking is, it feels to me that they are gradually ratcheting things up and that we'll be, within next 2 years, be asked to go back to the office... — read more 

Does this look like layoffs are immanent?

Not sure what to think about it at all. Bank of New York Mellon Corp (BK) Q1 2025 Earnings Highlights Published April 12, 2025 | Source: GuruFocus News Financial Performance EPS: $1.58, up 26% YoY (22% excluding notable items) ... — read more 

The stress of this place is going to ki-l me

I can’t take it anymore, I’m fed up. My team is severely understaffed which is leaning me to work 7 days a week, 15-16 hours a day. I feel my health failing. It’s impacting my marriage and my family. I actually feel like I could die from stress all... — read more 

Out of touch?

Anyone ever notice the email addresses of RV and DM?

Pennington Closure

I see in a previous string that people mention that Pennington is slated for closure. I have not heard a formal announcement. Does anyone have any information on the timing of the closure and what will happen to the people based at that site? Will... — read more 

wilmington de site closure ??

I hate that this company lies about everything. The building is completely empty and it seems like ppl are being fired left and right. What’s really going on? C’mon people show some backbone and tell us the truth.

Upcoming Layoffs ??

I have not heard anything, but asked to be placed on the next layoff initiative. Many years with BNY, BNY Mellon, and now BNY. I am sickened by seeing communications advising that instead of layoffs for RIF, Force rate some new rating “not quite... — read more 

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