With so many layoffs, the culture that is turning from bad to worse, and management that has no idea how to solve the mounting issues, I think it's now patently obvious to everybody that there is no future here. At least not for those of us who hope... — read more
Bonus cuts
Any managers can verify that this years bonus numbers are in shambles?
Many of us would have volunteered
People who wanted to stay are gone and those of us who were hoping to be laid off are still here. I wish we were given an opportunity to volunteer.
Is this round over?
I did not hear of any more today layoffs today. Is this round over?
The value of In Office Collaboration
One of the most disheartening aspects of in office collaboration is the degree to which people dismiss the benefits of inter-office collaboration. I’ve worked with people face to face at BNY & Mellon for four decades and formed many close bonds... — read more
240G - badge swipe Lobby or Floor?
Does anyone know if a badge swipe in the Lobby of 240G is enough for office day credit as I someone held door for me on floor recently and I forgot to go back and swipe myself. Thank you!
It's not over
It's never over after just one day. I'll be happy if it's done by Wednesday, instead of dragging on the whole week.
Number
For all the managers, how is the numbers?
Resources thread to find a new job
Starting a thread with resources to find a new job. Being prepared is half of the battle! Feel free to add resources to help our colleagues who are starting a new job search - be courteous!
Laid off
I got laid off today and none of my questions were answered by my manager - I was directed to an email address to contact HR. I've also been warned they might take a while to respond. Perhaps someone here knows: How long does it take for the... — read more
BNY Mellon Core Guiding Principle: No Law? No Problem!
All those people who relocated during covid got a free pass on RTO. I thought custodians were supposed to have a sense of fair play, of 'doing the right thing'? Oh, wait, that only applies to the legal aspects of holding or managing somebody's money... — read more
30 Tips - Improve Your Cover Letter (Banking Industry Version)
Took this from Truist's board, they are also having layoffs today. Here it goes: (1) Tailor to the job: Highlight relevant banking experience specifically. (2) Use keywords: Integrate terms from the job description. (3) Professional tone:... — read more
Project Bora Bora
Here is another massive cut in the neighborood: https://www.cnbc.com/2023/11/06/citigroup-considers-deep-job-cuts-project-bora-bora.html The corporate overhaul, known internally as “Project Bora Bora,” has employees on edge. Managers and... — read more
Swipes - need to log into work PC
Can anyone confirm if they only count a swipe if you log into your work PC? If so, is there any min log in time?
Severance pay policy in the UK.
Could anyone provide information on the current severance pay policy in the UK? In the past, it was typical for employees to receive a severance package of two weeks' pay for each year of service with the company. However, I've recently heard a rumor... — read more
BIPAC Donations
Does anybody know what our annual contribution to the BNYM BIPAC should be? In the past there were published guidelines. As an employee I’d like to contribute as what’s good for the Bank inevitability winds up helping employees. We all benefit here... — read more
When was the last time severance was changed?
Does anybody know when was the last time BNY Mellon reduced severance? People are mentioning that it could happen again next year and that's making me nervous, to put it mildly. The severance is already nothing special, and if they reduce it further... — read more
The coming layoffs
For this week’s layoffs, how long ago was the decision made of who is on the list? Was this pretty recent like a few days ago, or had they known for a while?
Who picks your name
Who picks your name as the one to be laid off - is it your immediate manager?
Huge team walked out of WM in PGH
9 client facing wealth management staff walked out of Pittsburgh on Friday. Almost half of their wealth managers. Keating getting what she longed for. Alexander Hamilton can’t save you. You have failed.
162,000 Sq ft in Pine as layoffs loom
https://www.business-standard.com/industry/news/315work-avenue-leases-162-000-sq-ft-of-shared-office-space-to-bny-mellon-123110100871_1.html
Your thoughts on AI Hub
What do you think about AI Hub? Is there good work happening in that area? Anyone in the know of things? Am I missing out on career growth and learning opportunity if I am not working on AI Hub?
No more company contribution to HSA
SURPRISE! Another punch to the gut
Bonus Timing
Does anyone know when we get our bonuses? I heard we are getting them sooner than end of February. Ty!
Tracking now office network connectivity
In addition to badge swipes, they are tracking in office network time. A in office day will be counted if you are active on the company network.
Layoffs on Monday and Tuesday
November 6&7. Is it really 10% across the board for all organizations and departments? Is it really going to be 5000 employees? Any MDs/directors to employees ratio in this layoff round? Any useless EC members impacted? EC members like RR who spend... — read more
Stop acting surprised
Why do any of you start threads or make comments as if anything these leaders or Hr do is surprising ?
Is this AMA actually live?
Having a hard time believing that
Do layoffs include contractors
Does anyone know?
Healthcare enrollment starts November ***7***
Hmmmmm…the day after.
Promotions
Anyone know if this years promotions are now finalized?
3 pillars
Have no fear. We have three new pillars… That’ll right the ship. Managements already regurgitating all of the three pillar, talking points, and even making us all sit through nonsensical team meetings, trying to get us to state how our jobs fit... — read more
Layoffs Date: please be considerate & compassionate
Reading this forum and seeing conflicting November layoffs dates! Unless you have specific and reliable information on layoffs please don’t post about layoffs dates. Are you a manager with a list of employees to lay off this week or next week? It’s... — read more
Taking your processes
Anyone else notice that other teams are trying to be aligned with your processes? Processes they’ve never done .I’ve noticed it happening and especially with this bs lighthouse automation project. And none of your mgrs are saying anything to stop it... — read more
What a sad place this has become
With every passing week, I get closer to just submitting my resignation and walking away. It has gotten that bad.
CEO Performance
By the most important metric there is, the stock price, Robin has pretty much failed. Down 10% this year is pretty bad. Now the whispers are we are cutting 10% of the workforce. Does Robin’s comp reduce by 10%? The opposite. Talk about failing... — read more