https://www.post-gazette.com/business/career-workplace/2023/01/30/bny-mellon-401k-overhaul-retirement-employees-matching-accounts/stories/202301290054

OK gang - for those whose last day as and active employee was Jan 27 - today, January 30th is the first day eligible for filing for unemployment. Let's share experiences and what we are seeing and doing, in that it potentially affects sub-pay. .. — read more 

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

be careful whom you share that with. Technically, you are to receive your SUB ONLY while eligible for unemployment. Not looking for a job? Then you are not eligible for unemployment and therefore no SUB payment either. I've no idea how strict the... — read more 

Promotions… Is there a significant increase going from a L (vp) to M (Dir). Is the bonus structure any different? I hear it’s a difficult process to be promoted between these levels.

What is the merit increases this year bank wide?

Hello, 1st year with the Bank and operate fairly siloed from my manager. When will bonuses be available to view on MyReward? I believe they are paid in February but have no idea what to expect or any details at this point. Thanks in advance for... — read more 

I've been with the first since 2010 and we've had 5 different CEOs. In my current role, I've had a different senior leader every 6-9 months. What happens is many of these senior leaders try to solve problems that don't exist and in turn they create... — read more 

If the leadership wants good results and a high level of growth, then what they are doing will certainly not accomplish any of that. In fact, the question is whether they want it at all... BNY Mellon is stuck in the past. Layoffs made the already... — read more 

What's XBK? See it in the news a lot today.

Heard Feb 8th. Anyone else heard of anything?

Just listened to Robin shilling on CNBC from Davos. The company has kindly put this on the website. In the interview, he discusses the necessity of layoffs given the expenses increase the last two years, where layoffs were resisted because of the... — read more 

Regardless of what anyone thinks is ethical or not, all of us here are just numbers on a spreadsheet. Unfortunately, for BNYM, no one is special and irreplaceable. Why is it so hard for people to accept that? It sounds harsh, but I think that the... — read more 

BNY is looking to suck every penny out of Custody business. Well said ! The good question is how long we can let these Zombie companies run their operations in Corporate America and US economy ? Is the Fed not Fed up ?

We're all tired of the way this company treats us. Nobody here cares about employees. No wonder they can't find anyone who will work here to backfill much-needed positions. Everyone knows by now how terrible BNY Mellon is and is staying as far away... — read more 

HI all. For those who left a week ago now....has anyone tried to login to the TMS portal? The place we will (in the future) make our bi-weekly attestations? I just tried to login using my employee ID and home zip as the instructions state and I am... — read more 

Boy are we getting screwed left and right. If you live in NJ but work in NY you have to file with NY unemployment. Maximum weekly pay in NY is $504 while max in NJ is $804 You pay all this money for "new york city" tax and you get almost $200/week... — read more 

Does anyone know if this is published anywhere internally?

Those who left mostly say that at their new jobs they face more or less the same issues as they did here, but they are paid better. They left BNY Mellon when they realized that things could only get worse here. Is it really possible that no one... — read more 

Any thoughts on how long before we can "look forward" to another round of layoffs?

Look at ASD - all the main product heads are Irish. Operations has(had) its fair share of people either based in Ireland or came from Ireland. I'm not complaining about this, but it's such a crazy coincidence. What made IRELAND of all places the... — read more 

Regardless of the fact that this place is no longer what it used to be, I don't really believe those who say they would like to be laid off. Why would anyone want that? Isn't it better to find a new job while you still have a job, which is viewed... — read more 

I’m all for salary transparency. I also have no idea what is a normal salary. But I see people say BNY doesn’t pay that high and i feel like i get compensated pretty decently. I’ve been working for under ten years and I’m a level k, making 135k and a... — read more 

Are layoffs now done for this round? some higher ups from my department are in Pittsburgh from NY. Wondering / Hoping they have an ax in those travel bags.

I keep getting a "TMS ID & Pin is invalid" error. I have even signed by separation agreement already.

I wouldn't mind being laid-off if there was a better alternative. The truth is, there isn't. Wherever we go, it'll be the same issues and the same uncaring leadership. Look around this forum at other banks. All the ones I looked at have the exact... — read more 

The last few months have proven 1 thing. All these companies are the same. They're all gutless and don't care about their employees. My heart goes out to anyone that was mercilessly let go last week. GOOD LUCK and I wish you nothing but success... — read more 

Wasn't laid off, but I recently took a second job on weekends to help pay down some debt . I'll probably only do this for about a year or so, but suppose I get laid off from this BNYM job? Won't they stop my sub payments?

Choose a number between 0 and 10 0 1 2 3 4 5 6 7 9 10 Not at all Absolutely

I had posted this 10 days ago, making it a new thread now. As a suggestion, you may want to start reading this book: "Headhunter Hiring Secrets 2.0: How to FIRE Up Your Career and Land Your IDEAL Job!" by Skip Freeman (Kindle Edition: $9.99). The... — read more 

My LinkedIn feed is overflowing with posts from amazing and talented people who were laid off since the start of the year. Not just from BNY Mellon, but from other banks as well. I don't think my feed ever before looked as depressing as it does now... — read more 

do people who get exceeds expectations get that much more than those who got Met expectations?

For every person that begs for the layoff package, I'm sure there are countless others who are petrified of it. Remember - not all of us can afford to go on lavish vacations to other countries. Most of us are living paycheck to paycheck. I know... — read more 

I knew that no one is safe, but I still couldn't believe that after so many years of loyalty and hard work here, I would be laid off even though I didn't have many years left until retirement. I try not to think too much about what happened and... — read more 

I have been here for almost 10 years and it seems that on a weekly if not even daily basis there is always an undercurrent of "you could be terminated for [insert notion here]," not to mention all the talk of layoffs and FUTURE layoffs. It appears... — read more 

Is there any different compensation package if you get layoff due to downsizing/redundancy vs performance issues - below expectation?