Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Massive layoffs at BNY

The firm is quietly letting lots go. Rumors is over 5000 people. They are doing it very quietly and as such the press hasn’t gotten wind of it.

Does Ben Slavin take any accountability or have metrics

The more I interact with Ben Slavin from different capacities in AS I realize he claims no responsibility for anything, cares only about himself and elevating his personal market brand. He has no real metrics and responsibility but gets paid almost a... — read more 

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| 8550 views | | 19 replies (last November 12)
Post ID: @OP+1tNQw6C1

HealthEquity data breach (HSA)

HealthEquity data breach affects 4.3M people... Happened in March - right after BNY made the change from BenefitsWallet... https://techcrunch.com/2024/07/30/healthequity-data-breach-affects-4-3-million-people/ https://www.healthequity.com/breach — read more 

So we forfeit the 10 shares?

I left the bank a couple of months ago. I still see my RSUs from BNYM in my Fidelity account. Are those forfeited, or will I be able to cash them out after the 3 year term?

Town halls

These town halls are so ridiculous. They like to tell us how great the culture is and how much it’s changing for the better over & over & over. Listen & believe what we tell you versus what you’re experiencing…. & trying to pressure everybody to... — read more 

New Feedback Process

Oh what fresh hel* is this? Just more worthless administrative cr-p for us to endure rather than doing our real job. I predict that nothing (good) will happen as a result of this, everyone will complain about it and it will just mysteriously... — read more 

Bridget Engle - Competent?

Or just another Scharf lackey? WF just demoted the Head of Technology, Tracy Kerrins and hired Bridget Engle as Head of Technology. Tracy Kerrins has been a disaster since she was given the role in spring 2023. Can we expect more of the same from... — read more 

Townhalls

Low hanging fruit is now a thing?

401k

Lost everything because I was let go before the 3 years. This is complete sh-t. Hope they all lose everything

US Notice Policy Breach

Has anyone left earlier than the required notice period - VP/SVP 30 days, D/SD 60 days, MD 90 days? What is the consequence of submitting an earlier notice or providing last day of work? As soon as your notice is submitted, policy states you are... — read more 

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| 8800 views | | 6 replies (last July 26, 2024)
Post ID: @OP+1tFoeMm6

PGH Badge Swipes

I noticed that we're required to badge out when leaving the building. Is this the case in both Ross and Grant? Do other offices have this? Guess this is how they get around the IP address tracking to keep track of time spent in office.

Site rebrand to BNY and UK/IRE location strategy

If a site is still showing 'BNY Mellon' on the wall does that mean curtains? Current trajectory? UK: London & Manchester Ireland: Dublin (with massive new office in 2025). Looks like staff in Poole, Edinburgh, Wexford and Cork etc should dig... — read more 

Ops cleanup

Are we cleaning. We focus only on tech always :(

Another EC departure

Natalie Sunderland leaving BNY!! We seem to be on a roll at the moment, I'm having trouble keeping up.

Pay check question

If I resign in the middle of a pay period, will my next check be a full check and the next check will be for the partial period that I worked? For example: if I resign on Friday July 19, will my check on July 31 be a full check and the check on... — read more 

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| 6790 views | | 9 replies (last July 25, 2024)
Post ID: @OP+1txhlLd7

Poland - still a growth location?

So I've heard that Poland is no longer considered a "growth location" due to increasing costs, site leaders incompetence and risk due to war in Ukraine. Anyone heard anything from Risk & Compliance?

Got offered the PIP & GO

Should I take it? Has anyone had any experiences one way or the other? Got offered 12 weeks full pay and benefits

A positive post

Before joining BNY, I had an unstable work history with consulting and temp jobs. So far, for the last five years, BNY has given me a stable workplace where I have enjoyed coming to the same office, talking to colleagues, feeling like I belong. I... — read more 

Not bad compared to BNY Mellon SUB.

''Vince won’t have to worry that he made a bad decision in moving from Goldman to BNY Mellon should there be a change in control. The proxy filed with the SEC also shares that if Vince is terminated by the bank as a result of a change in control... — read more 

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| 7150 views | | 5 replies (last July 17, 2024)
Post ID: @OP+1txv8bN8

What about other banks

Aren't all banks the same from work culture POV? Dog eats dog... Thus layoffs too are a norm.

Full time in India

Not sure if y’all noticed that if in India they stopped hiring full time anymore. I would say 95% percent of them are contractors….

PTSD

Anyone else have ptsd from layoff ever other month? Class action suit thoughts?

Whats the story with Dublin

Why does Dublin get so many middle to high level managers and not many people doing actual ground work?

What would you do to try and avoid a layoff?

How about offering to work for free? Overlords would jump with joy. And best of all, you get to keep your job! “For half to two-thirds of respondents, that included “working weekends, they would avoid taking time off,” said career strategist Julia... — read more 

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