The two week recharge has actually helped me and I am thankful for it. It has helped me figure out, this place is not for me. Thinking about flourishing here is expecting Moses to part the seas again. To all those considering applying to BNY here are... — read more
2025… please lay me off forever
I hate you Robin. i hate you BNY board i hate you BNY team mates i hate you depressing office i hate my role here You all su-k … please destroy me, give me a package and send my job to India. This company is the worst. Dont appy here!
Responsibilities of P-M roles
Is there any clear breakdown of what each role in P-M is supposed to do? Seems like some folks with the Solution Architect title are trying to run the whole show at Pershing. What’s the deal with the Engineers Head and Group Engineers then?
2-week recharge BNY speak for polish your resume
Seems to me the 2-week recharge is code for polish your resume because you'll need to use it soon. BNY has a great record for hiring good talent and then ushering them out the door. The good news is, it will add years to your life for those that are... — read more
4 day office Managers
Back in October we got confirmation that us people managers must do 4 days a week in the office. However, when I check all the policies around Hybrid Working etc, I still see no reference to it. Anyone know why there is still no reference to 4 days... — read more
RTO - Topic again
With Elon Musk and his team forcing Federal employees for a 5-day work week (part of Trump's DOGE) will the commercial firms follow the same directive ? I was doing my calculation for the next few months.. The "use your PTO or lose it" rule forced... — read more
When does your manager know
They say before a big layoff there is a list… is your manager told ahead of time? Maybe it depends on the level, but when they say they don’t know anything are they telling the truth?
We are not somewhat dignified corporation
We are a sweat shop. Turnover is insane. Everyone who knows anything is being pushed out the door, because knowledge is costly. We work like drones, while half of the time is being spent on procedures, forms and meetings about nothing. Managers are... — read more
Do you think your review was fair?
Mine was so off that I’m sure I’m on some ‘to be booted’ list. I’m not saying I’m the employee of the month, but I’m definitely not as bad as the review indicates. I guess any excuse is a good excuse to push people out. — read more
No severance
Bny senior mgmt always looking for opportunities to fire people without severance. Very evil people. No wonder the CEO needs to have a bodyguard everywhere he goes. Lots of lawsuits! Do not join this firm.
Corporate Title Promotions
Does anyone know when employees will be notified of promotions?
Any thoughts on more layoffs?
I’m wondering how next year will play out. Should we brace for layoffs in the first quarter, or will we get a brief reprieve before they start cutting people again? It’s sad that the question has shifted from "Will there be layoffs?" to "When will... — read more
What does severance/sub pay look like?
I got two partially meets on my EOY review and am fully expecting to be part of a RIF in Q1 of ‘25 or put on a “PIP or leave” I’ve been working here for a year, what can I expect in terms of severance/sub pay (granted I even am provided this)? What... — read more
Raise -Bonus
Does anyone know if the raise/bonus pools are up,down or the same?
Partially Meets
Give it to me straight - how likely is it that I’m getting laid off if I just got a partial YE review ?
This is just a transitional job
If you came here looking for good pay, career opportunities, and reasonable hours, you’re in for a disappointment. If you have hopes or expectations, they’ll just squeeze the last drop of energy you have and then unceremoniously kick you to the curb... — read more
Pershing delayed year end reviews
Why are year end reviews being delayed until January for Pershing. Is this related to the p-m strategy and expected layoffs
Salary Bands - Manchester J/K
Hello, does anyone have the salary bands for J and K in Manchester, UK. On only £41500, was wondering if right at the bottom of the band.
When will layoffs occur, particularly within Asset Servicing?
Got the dreaded partially meets and am fully expecting to be part of a RIF within Q1 of ‘25, any idea as to when?
Counteroffer
Has anyone accepted a counteroffer to your resignation from BNY with any of the promises coming to fruition?
Another non-informational FYI at Pershing
Another FYI with expectations on P*M updates but nothing new. Same slide and one with a few names / pics. One interesting point in a timeline slide - there is some "HR work" happening in Feb. Sounds familiar? Is to be interpreted as a month for RIF?... — read more
Moving more to India
Little by little, our dept has been moving more and more to India while issues persist and clients complain. Do they not care anymore to have clients as long as sub par wor is done offshore?
Manager Posted My Job
I came across a job posted yesterday by my manager for my exact role in a “strategic” location. This also happened earlier in the year with a previous manager and it ended up not being an issue (they backfilled for someone who left but it was at a... — read more
Man, you guys might even be more dysfunctional than WF!
It seems as though the forced ranking bs is happening here too. You guys sound almost as misrable as everyone on the WF page. Sounds like executive group-think has made banking miserable in general and we may all need to think about finding a new... — read more
Bands
What is the top of the salary band for a K?
Promotion
Do you have to exceed expectations in order to get promoted?
Fired for not meeting the in office requirements
I was fired for not meeting the in office requirements, I was doing duties that were not in my role description for a below market salary compared to other companies. TBH they could have fired me a long time ago because I was not showing up to the... — read more
Doing less and living better
The past few months have been life-changing. I stopped trying to juggle three people's jobs, and my mental health has skyrocketed. If cutting back leads to getting laid off, so be it. I’ll take the severance and move on. My next job will have to come... — read more
Back to office full time
Is BNY Pershing returning back to office full time next year? I know JPM is, starting in February. I do not work for either firm but may be looking to make a move next year, so I am curious if it’s been announced yet at BNY Pershing.
Wexford office - sold
Understand the Wexford office has been sold!!
A manager's thinking when it comes to who to eliminate
When they say your role is eliminated, we know it not really true. In a team with multiple associates have same roles and responsibilities, how did they pick person x vs person y? My manager has a theory. They think someone with a higher demand... — read more
The next target location for closure
Oriskany offices were closed in December 2023. Oriskany has been taking heavy hits in each layoff round since then. Which office site is next?
Evaluations are ridiculous
Like everything else. When you find yourself on a chopping block, it’s never because you didn’t work hard, or didn’t have good results, or were lacking skills and expertise. It’s because you lost in a numbers game. So don’t worry about whether you... — read more
Partially met expectations == layoff/pip?
is it true that people who partially met expectations will be on the chopping block in January before the bonus comes out?
Promotion Policy
Has anyone else heard the proposed promotion policy change? 1) in line Promotions can only be given to employees who received "exceeds expectations". 2) Employees can no longer apply out of their job to achieve a higher grade level. If an employee... — read more
North Pointe Data Center Sold
I noticed no one commented about the data center being sold/closed. An article about that was in the Pittsburgh Tribune Review on Wednesday.
What’s wrong with Phoenix University?
I noticed many answers on this forum make fun of its graduates. Why? I confess, I did not graduate from any school in US, I’ve done my studies in Europe.