Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Permanent Work From Home

I heard that any employees that have some form of exception will be asked back with a 90 day period in March. If non compliant the position will close out. Also 4 days a week is coming soon for all employees.

The job market is brutal

Lost my job here a month ago. Got maybe 2 interviews out of 100 apps and havent landed a offer. Anyone else going through the same boat?

Big layoff coming

The week of 2/17 (2/18) the layoff is going to start. I heard about a 1000 but not sure.

Shocking news about BNY Wexford

I have just received shocking news this weekend that a very popular colleague of mine was sacked from his in BNY last week. Recently we were told that we would be made redundant and this colleague was brought into a HR meeting and advised he would... — read more 

There are no layoff - Please relax and enjoy

I have heard there are no layoff this year at all. Please relax and focus on work. And read this: https://www.dailymail.co.uk/news/article-14401973/JPMorgan-worker-ambushes-CEO-Jamie-Dimon-town-hall-work-home.html

A bunch of people got canned today

The scuttlebutt is these are people who were set to be out on Tuesday. Partially mets, all of them. Bonuses were 50% or less. 30 days. Good luck on Tuesday folks!

by
| 10420 views | | 9 replies (last February 15, 2025)
Post ID: @OP+1jm3fbtay

"Helps money work for the world"....

Just not working so well for the 50 percent of humankind perched on the very edge of existence. The 'world' of course here refers to the 1%, who aren't satisfied with being merely obscenely wealthy. (As of 2024, the top 1% of households in the United... — read more 

Not sure if I should accept BNY's offer...

They offered me a fairly lucrative position, but I'm reading a lot of negative things about BNY. Seriously considering declining. Glad I came to this site first, understanding that there will always be some disgruntled employees. (But this is a... — read more 

Any from Manchester here

How do you currently feel with the way things are going ? My team has been shipped out to Pune and things feel a bit meh! Been here since pre-covid and it’s like a sinking ship

Wexford - what do we know

I'm hearing rumours of some people being told they're in line for wfh contracts and some people know their end dates but my team are still in the dark. Why don't they let everyone know together?

Can we talk about the next round of RIFs

I’m looking for information on when it’s going to happen, (I heard next week.), who it will affect (which teams/sites), and the %. And, if it’s already happened to you recently, could you please share if you got 2 weeks for every year as sub pay?... — read more 

240 Gym

When ? Where ? How much ?

Town Halls

These s are laughable with the propaganda, fake excitement, and ridiculous hype music they play. And the lemmings trying to get everybody to show up in person to act like there’s more engagement and excitement for what this dump is doing All this... — read more 

Class Action Lawsuit - Please read

A number of staff will be terminated next week as a result of the rating system managers are forced to follow. I urge everyone impacted to seek out others that were impacted and file a large class action suit against BNY. This is a terrible company... — read more 

Agile Practice - What a dump

Layers of incompetent leadership in the scrum lead practice. They put 2 totally useless managers who have no interest in engaging their teams; egoistic and lack of personality on how to build teams. Constant churn and lack of interest with sole aim... — read more 

my team is 99% offshore

i quiet quit and wasnt eventually let go. couldnt stand going to the office

by
| 7750 views | | no replies yet
Post ID: @OP+1jkv5589r

Edinburgh Lay Offs

Every impacted employee was sent a list of the impacted staff in the site which contained the last day/future arrangements. How’s that allowable? Some serious questions to be answered on how some people are being permitted based at home and... — read more 

Leave BNY!

I changed jobs two months ago, and I’m still adjusting to just how much better things are. It’s almost surreal. I’m still getting used to the fact that no, management through fear isn’t normal, a toxic atmosphere isn’t the default, and if you... — read more 

Ratings

I remember seeing somewhere on this site but can’t find it… Can somebody who actually knows what the 1 through 5 rating scale is for employees?

How many terminations for those on development plan

Does anyone know the percentage of terminations they are planning for those put on a development plan? Since it includes everyone with even just one category rated as Partial there is likely a large amount of employees being put on the development... — read more 

Platform Operating Model

Can someone please explain what this is and how it affects me in middle office? Is extra work coming my way? Like I don’t understand the relevancy of this

No severance for LP rating

Can someone confirm if this is true, heard that it 30 days pay if you don’t want to do development plan.

Safe timeline for putting in papers…

Need info: how long before it is safe to give Notice period without it threatening to trigger clawback/payback of Bonus and 401k match? Thank you

Is BNY backing away from DEI?

They usually just rubber stamp whatever government policy is dominant, making sure to kiss the emperor's ring in the process. It seems they have no permanent values to speak of, the daily drip of corporate claptrap notwithstanding.

Bonuses

I’m seeing a lot of posts about bonuses. I didn’t know that was a thing. Does middle office not get them?

NEW SEVERANCE PLAN

Does anyone know with the new plan, will they payout unused vacation? It would be nice. And with P-M coming the end March, when will those layoffs happen?

4 day office rumours from March - is it true?

Hearing gossip that it will soon be announced that team members (not just managers) will have to do 4 days a week in the office. Anyone got any more insight into this - UK based. If so, when will it be announced and take effect. Will it impact... — read more 

Hate my team

I have never had a worse group to work with ever as i do now. Attendance is trash, communication is trash and the inability to do the same process done for years is awful. The process of getting rid of people is terrible and its exhausting to deal... — read more 

Good luck next week and next month everyone

Packing up and going home. Wondering and hoping if this is my last day here? Good luck everyone as we head into ‘Flattening February’. Stay here? Get severed? Get a new job? Whatever…May all your wishes come true

Analyst/associate bonus

For analysts/associates what was your bonus, performance review and what's your location? I got partial meets, exceeds and meets. Bonus was 5k in NYC

Start a new thread - post a news comment, question or message:

: