Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Summer Interns Pay

Does anyone know how much the 10 week summer analysts in Manchester, UK will get paid for operations? Currently constant talk of no bugets/potential cuts in the department, yet they annouced they bringing so many interns into the department?

Joke

Does this firm even care about its employees? Are they trying to have some competition and do what other banks do when it comes to RTO? Management used to care but now they don’t as they don’t want to hear your opinions. I used to like working here... — read more 

PIP & GO

A complete joke of a Company that uses the PIP GO process to wrongly grade employees as low performers or partially meet in order to not payout severance that is due to an employee. If that happens, you will pay 5x more.

Transformation group

Big rush to half as* rush to announce the formation of this group. All due to the new P-M. 🙄 Man the consultant got one over on our EC

Managers in the Loop, 4/29 Layoff

Rumor of layoffs next week. Managers in loop, can you confirm and provide reasons for layoffs: India outsourcing, RTO office requirement, performance,….?

Survival tips post redundancy

It's been a few months since my role was made redundant, so I'm over the shock, and most of the anger. Most importantly I'm moving on, so I wanted to share a few lessons I've learned that may help some of my ex-coleagues on here who are... — read more 

In work exemptions

I need to use an office exemption next week, how is it being counted? Is it one day for one office exemption day?

Working together and next layoff

I haven’t met RTO working bull**£& together requirement for 2 consecutive months because of transportation issues, but I have completed all my work and received positive client feedback. Am I doomed and should I worry about next layoff round? When is... — read more 

Office swipes on Saturdays?

Can I go into the office on a Saturday and have it count as a day towards RTO if I am primarily a M-F employee?

Why would any of us want to stay here?

Job security and growth are both nonexistent. Pay is subpar. Those are the three main things when it comes to a job. I honestly don't understand how more people are not looking for a way out. I am, and it can't happen soon enough. In fact, I'd even... — read more 

Sick Days

If resigning, can I just keep calling in sick during my notice period?

76 Managing Directors from Engineering

I am one of the Operations senior managers from Pittsburgh. I heard there will be 76 Managing Directors from Engineering will be laid off by the end of April

Can you request to be laid off?

Does anyone know if it’s possible to request to be laid off, and how would that impact your chances of receiving Supplemental pay and unemployment?

COMPANY CULTURE GOES TO DOGS

VERY BAD CULTURE. We used to speak very openly. EVERYONE is scared at all levels. No one know when their turn is and only favorites (GS people) will stay and everyone will leave. CIO will be gone soon. P-M model su-ks. No one knows what to do but... — read more 

30 day notice

To anyone in the U.S. that was forced to sign the attestation that you need to give 30 day notice if you quit and you’re VP or above (or more, depending on level) …. Has anyone here quit and not given that amount of notice? If so, what happened? I’m... — read more 

Redundancy payment in UK

What is the standard discretionary redundancy payment BNY Mellon gives UK employees (on top of statutory payment)? Please don’t comment if you don’t know the answer / just being unhelpful. Thanks

QUESTION: Ratings on year end review

For anyone laid off in 2024 and told your position had been eliminated, did you receive a ‘partially met’ rating which according to the updated HR policy prevents you from being rehired by BNYM?

Target bonus versus actual?

Can anyone elaborate on the target bonus versus what actually gets paid? I had an interview where I was told the role’s target bonus but then told no one ever gets that amount. If the target is 27%, what typically do you receive?

WTG dashboard

anyone notice issues with the WTG dashboard numbers with today update ? required Min days went up for prior reporting periods already settled- valid absences removed from the data calculations that were there in the detail data sheet last week

Name Change

They should really update the name to just “The Bank” or “The Bank of Anywhere But NY” because they have basically removed all traces of BONY and Mellon. RIP BNYM

Zoom Cameras On

Policy now to always have cameras on? They looking for passive aggressive ways to make you miserable from WFH

17000 India based BNY employees. Wow

A recent linked in post by Emily says there are 17k India based employees. This translates to one in every three employees or probably more than half of Ops & Tech employee base for this US based G-SIB. I wonder how high this number can go? With... — read more 

I'm petrified of layoffs

I struggle with interviews and I tend to completely bo-b them. The idea of having to deal with that entire mess when the job market is as tight as it is right now is keeping me up at night. I keep hoping we'll get some signal that layoffs are done... — read more 

New RTO rule - 2 strikes and goodbye

Have anyone else the email that starting from new RTO reporting period ie feb thru April if you fail to meet 2 RTO numbers in a 12 month period it’s termination

Retirement Red Flag Global Crisis

Larry Fink Says World Leaders Must Address Growing Retirement Crisis https://www.wsj.com/finance/investing/blackrock-larry-fink-annual-letter-8484e68e Huge workforce retiring without enough socials and 401 k in their accounts to survive their rest... — read more 

Instead of laying us ops off

Instead of keeping to layoff people in ops, can I make a suggestion. Invest in tech and layoff the people responsible for accounting technology -who helped contribute to last months investone accounting platform outage/production issues

by
| 8130 views | | 5 replies (last March 30, 2024)
Post ID: @OP+1rKgsQGA

McKinsey Exposed

https://youtu.be/AiOUojVd6xQ?si=d8SOsJVGnLX7XVqq

by
| 8620 views | | 6 replies (last March 27, 2024)
Post ID: @OP+1rHnW633

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

: