Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Caution to the new RMs and analysts

I know, I know - you are fresh out of college and this company with a big sounding name wants to invest in you and make you an RM or analyst. What a great opportunity so early in your career! Yay you!! Except here's the problem you need to think long... — read more 

Federal and NY state WARN violations.

I encourage all those recently affected by layoffs to contact NYS DOL. Undoubtedly, the bank will have a contingency plan in place but it’s still going to cost them reputationally and financially. It’s possible everyone will receive additional... — read more 

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| 8400 views | | 32 replies (last September 3, 2024)
Post ID: @OP+1uf3LuEb

Just another 5 mill

https://www.reuters.com/business/finance/bank-new-york-mellon-pay-5-mln-over-swap-reporting-supervision-failures-cftc-2024-08-26/

2 Day Early Direct Deposit?

Does anyone receive their direct deposit 2 days early, and if so, approximately what time of the day do the funds become available? I bank with Citizens Bank for reference

US Corporate Trust

Is in serious trouble. Currently being run by senior managers in EMEA who don’t know the business at all and they just got rid of a bunch of the US folks who did. These people think that all of corporate trust is the same and run it just by... — read more 

Employee Laid Off Just Months Before Retirement

It’s heartbreaking to see my spouse, who was excited to retire and leave the company with dignity, be laid off on Monday morning—just less than a year from the retirement date they had so eagerly planned. Here is someone who has dedicated so much to... — read more 

Application support role in lake mary. REAL?

Hi all I keep seeing job listings for application support from this company. Is this a real role or are they just covering their as--s before offshoring to india. Any advice on what its like? Thanks

Age discrimination is very real

So many older employees are being replaced by young, cheap labor offshore. This company is vile. These were dedicated, loyal employees now in their late 50's-early 60's Who will hire them at that age? Age discrimination is very real. And they will be... — read more 

Never thought this place could get even worse

Left two years ago because of the pay but still hear all sorts of horror stories about BNY. Every quarter it seems something else gets taken away and the only true constant is layoffs. I can’t fathom how this place still operates. Are clients getting... — read more 

BNY is trash

We are in the worst economic times and this is what you do to your employees? People already stressed about food and bills. I seriously hope you at the top making these choices to ruin peoples lives ,loses everything . Your job, your homes... — read more 

9/13

this is the termination conversation due date. Between now and that date it has to occur for those that didn't meet the in office requirement. The messed up part is they are making management deliver the news and if we don't by that date we face... — read more 

Merger?

There’s a lot of speculation about a merger with BNY. Anyone have any real details?

In the meantime…

Work from home policy for new Starbucks CEO sparks outrage https://www.independent.co.uk/life-style/starbucks-ceo-remote-work-seattle-brian-niccol-b2598753.html

AI at BNY - should I join their team?

https://fortune.com/2024/08/15/exclusive-how-bnys-new-ai-tool-eliza-is-minting-an-army-of-disposable-assistants-that-could-save-billions-in-labor-costs/ I have an upcoming interview. How is this division?

Wove

What is going on with Wove? Does the people from PX know anything about Pershing and it's business? Will Robin have any insight on what is going on? Or he is blindly listening to Ainslie?

What's another $40M?

BNY Mellon Securities Corporation, together with Pershing LLC, agreed to pay a $40 million penalty https://www.sec.gov/newsroom/press-releases/2024-98

Scabs

How many of you could take a job if you knew the person who had it before was getting laid off ?

Los Angeles

Anyone know how LA, Corp Trust is looking?

Pay ranges

I know pay ranges aren’t advertised but does anyone have a baseline idea of what the pay ranges are in Lake Mary? Specifically for H, I, and J grades. I can’t wait to see the smart Alec responses but hopefully someone has some meaningful insight lol — read more 

Pacifically Lake Mary

This place has chipped away at my group, one by one, eliminating positions while simultaneously hiring for replacements in Lake Mary. From this so called pool of talent, we hired a manager that repeatedly said “pacifically” over the course of an... — read more 

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| 6670 views | | 11 replies (last August 18, 2024)
Post ID: @OP+1tYq1lCZ

Wexford

Anybody hear on the grapevine when the hire freeze in the Wexford office is set to end.. if end at all?

Incompetent HR

The best is when they say put the ?on the portal. If I needed the response in 2 weeks I would. HR stumbles over their own feet. Incompetent. Oh that info is confidential, well if yoy can't tell me, you do the work.

Massachusetts

Bny mellon and PNC employees information is everywhere. Medical and financial is everywhere. Check the source in every Facebook profile photo, masslandrecords, adultfriendfinder etc it's even in the Massachusetts license plates. Thank Briget Engle... — read more 

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| 8020 views | | 15 replies (last August 15, 2024)
Post ID: @OP+1tSKvxzv

We need to fire the entire ELT including the CEO

They have no idea what they're doing. We need people who will fix this place, not keep destroying it just so they can enrich themselves further. It's more than obvious that all the people who are supposed to lead this place are completely... — read more 

Are Sept layoffs rumors true?

There are a lot of rumors going around about Sept layoffs, and they’re all grim. Everybody talks about massive job cuts. And this is on top of stealth layoffs which are habitually happening every day now. Coming to work and expecting to lose the job... — read more 

Is BNY trying to get older workers to quit?

That's what it feels like to me, with the unrealistically increased workloads and constant bullying we have to go through every day. Are we too expensive to lay off so they want to get rid of us this way before we can retire? Call me paranoid, but... — read more 

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