Just heard from a very reliable source that this dump will begin piloting badging out of the building… So they will be tracking hours and not days eventually. Not sure what locations this is being piloted at or when it will start, but just another... — read more 

Coming from reliable ECs: Exit while you can, streamlining happening. LOBs will be up for sale by this time next year.

I am an mid-senior professional, joined BNY 5 months ago. I feel I have done a mistake joining ths company. At the same time dont want to be explaninng to next companies as to why I hopped job too soon. Having said that, I dont think I can last 2... — read more 

Is it rumor or fact that the Sub pay policy is changing to disregard length of employment?

We are entering a new era of corporate anti-human and anti-social culture.

If I didn't have a family to support, I'd be gone by now.

They say you should keep your friends close and enemies closer. If that’s true, makes a lot of sense why RV joined BNY, across the street from GS. The GS that fired him

Starting end of July.

I understand how forced ranking is legal but how do they avoid litigation the way they do it? We all know the 10% selection process isn't legit. The directors/managers fight to save their own people then the "10%" get off track or below expectations... — read more 

Does anyone know when the next round of layoffs are? I'm hearing November again, so they do not need to match our 401ks. Talk about happy holidays!

I've seen BNYM horrors... horrors that you've seen. But you have no right to force rank me. You have a right to fire me, lay me off. You have a right to do that... but you have no right to falsely judge ‘does not meets’ on me. It's impossible for... — read more 

Heard it on the grapevine that Bridget is going to Wells.

Anyone still gotten theirs yet? My manager said the deadline for doing that is sometime mid July, I’m worried

I don’t know how’s for the rest of you, but I think I fell into the worst group of people ever. Lead is incompetent and rude. People in the team create tensions every day, most are trying to offload work on others. There is an inordinate amount of... — read more 

This is a dead-end job. It wasn't always, but it is now. When's the last time you saw somebody promoted because they earned it by being good at their job? I can't remember. All the promotions are given to kissasses. I'm personally not willing to... — read more 

Why do the layoff deniers insist on endlessly trolling this site, posting the same comments over and over again? What satisfaction do you gain? I'm honestly curious. There has to be a more worthwhile way to spend your time.

I actively discouraged a friend yesterday from applying for a job opening here. I couldn't in good conscience let him make that big of a mistake without saying something. I don't know if he'll listen to me, but I made sure to tell him everything... — read more 

Time is now to leave this company. This is the way.

head of investments

The McKinsey implementation of the Platform Operating Model is choatic, unorganised and is only creating more strain on the firm. Led by megomaniacs from McKinsey who have promised Robin 10% headcount reduction as part of the transformation. Run... — read more 

Any direction whether all promotions are annual? What about non-manager title. From associate 2 to senior associate. If in one role 3 or 4 years can you be reviewed to be moved to the next level

Not really an expert on the topic of AI, but I have a strange feeling it’s being sold to companies on a promise of capacity and potential which isn’t there. Designing reorgs and layoffs so extensively around it can easily become one of the stupidest... — read more 

I'm just curious if everybody is as miserable as I am.

It’s too late for that group. Once Roman took the helm and hired Mike J and Suzanne M, the three of them did damage beyond compare. Clients became dissatisfied and we couldn’t win enough new business. They created an environment in which talented... — read more 

So, excited about Micron? Guess what? 20 years ago, BNYM was the Micron in the area. Your politicians get these little bumps when new business is introduced and don’t care what ultimately happens with the companies. Think about that at the... — read more 

What is everyone hearing about severance packages?

Anyone else seeing zero AI built into this project when that is literally the whole point of it ? How do you touch a manual process you know nothing about and convert it to another manual process in a different tool that does not work and upper mgmt... — read more 

10-15 years ago, there were no on-site Pune people. Now, there are many. 10-15 years ago, Poland did not exist. Now, they are a growing component. All the layoffs, closings, rebranding, execs quitting/"retiring", and ESPECIALLY the Pune (and Poland)... — read more 

What's up with that? The last comm said she would stay on till Sept. to "support a smooth transition". Is she being forced out by RV?

We've known this for years. https://www.post-gazette.com/business/development/2024/06/27/bny-mellon-center-metlife-investment-grant-street/stories/202406270056

What groups are targeted?

With the continuous offshoring, AI bullsh-t, greedy yet completely incompetent mgmt, but still expected to work like the future of planet Earth depended upon it and paid, well, not really that much, future is bright!

Fund Services management has instructed us to give positive Peakon scores (9s and 10s) because the Peakon scores will be part of their performance reviews. They don't want to look like things aren't going well especially as the scores go further up... — read more 

Bumped until after the 4th of July. Any guesses why? Departures, big changes, other news I'm unaware of?

Anyone know the percentage for mid year forced rating?

Forcing experienced employees out in favor of cheaper, less experienced overseas workers does nothing to power our culture or clients.

thoughts?

On my own accord. I can’t go through these endless layoffs anymore, first being scared that I am next, then feeling relief, followed by regret that I wasn’t actually fired. This is not an efficient and balanced way for a human being to work, live or... — read more 

Was she fired?

Approximately 7 employees in MarComm were laid off on Friday, some in NYC, some in Pittsburgh.