Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

For those laid off

Where did you find a better opportunity? I’m not seeing much of anything that Seems to fit and yes I already looked in line

by
| 17510 views | | 6 replies (last January 22, 2023)
Post ID: @OP+1kMiCCec

A clear indication of the toxic atmosphere

I think there is no clearer indicator of an unhealthy atmosphere and low morale in a workplace than when those who have been laid off say that they are happy that they are finally out of this place. It really seems that there are more people... — read more 

by
| 18420 views | | 7 replies (last January 20, 2023)
Post ID: @OP+1kL3nbSg

Ongoing Unemployment Eligibility Check-In with TMS

For those of you who have been previously laid-off, what is the check-in like with TMS? I know you're supposed to do it within 5 days from receiving your SUB pay, but what kind of questions are asked? Specifically, do they ask anything about state... — read more 

Specifics about your sub pay

Anyone get any specifics about their sub pay and how many weeks it'll be for you? The seperation docs are very generic and I don't want to guess what the system has me as. When I emailed HR they said they sent an email yday but I never received... — read more 

by
| 16530 views | | 4 replies (last January 21, 2023)
Post ID: @OP+1kLRPizx

Lump Sum Vs SUB?

If you do not sign the Separation Agreement, it would mean you declined the SUB. In that case is Lump Sump an option (forgoing unemployment payments)? Page 3 of the Separation Letter says something about Lump Sum retroactive payments if you don't... — read more 

by
| 14370 views | | 8 replies (last January 20, 2023)
Post ID: @OP+1kL47wem

How about some counts from your OWPBA Analysis

For those fired, you should have received an WPBA Analysis.pdf to show that no age discrimination occurred. Can you post the number of employees affected and the name of your "Group Covered/Decisional Unit"?

by
| 13580 views | | 9 replies (last January 23, 2023)
Post ID: @OP+1kLyuO9c

SUB Eligibility

I went through every single page of all the s#!t I got sent and kept seeing two things: You have to certify within after 5 days of receiving payment that you're still eligible (I'm assuming meaning you haven't taken up any work) through a third... — read more 

So day one of post layoff heaven……

Got up early, went for a walk. Had a nice coffee and caught up on the news. About 11 am headed over to Barnes and Noble, had a coffee and skimmed through some books. Now am at the garage having my car serviced. Have not worried about a stupid... — read more 

Terrible approach to layoffs

If the leadership thinks that cuts are inevitable, is it at least possible to ensure that layoffs are managed a little better so that people who were loyal would not leave with a bitter taste in their mouth and regret that they made any effort here... — read more 

BNYM attending WEF at Davos

I love how BNYM boasting themselves attending this meeting. what good does the WEF do ? I love it even more theres this guy questioning the agenda of "you will own nothing and will be happy" I hope he doesnt go into the layoff list, or he probably... — read more 

by
| 12110 views | | 10 replies (last January 26, 2023)
Post ID: @OP+1kKkRfYk

I am angry and frustrated

Honestly, I did not think that I would be laid off after more than a decade of hard work, excellent performance and several promotions (fully deserved in my opinion). I am more angry about the very irrational and unfair targeting of employees than... — read more 

Propaganda & lemmings

Oh the propaganda Instead of talking about the number of staff let go they talk about “changes” & “ opportunities” that will be forth coming due to these “ changes” & some gutless boot lickers on the call with the head... — read more 

by
| 10633 views | | 1 reply (January 18, 2023)
Post ID: @OP+1kK9pz3M

Answers to recently posed questions:

Q: Will I still get my bonus? A: Depends on the good graces of your management. If they like you, probably yes, if they don't, your bonus was likely meted out to the rest of your team. Q: Would people still get their pensions? A: Yes, the... — read more 

by
| 10031 views | | no replies yet
Post ID: @OP+1kKBHMAF

BNY Mellon - Cowardness Continues

I was mercifully laid off from this gutless, miserable company a couple of years ago. I see that nothing has changed in 2023. They continue to torture hard-working individuals with layoff rumors. They will probably continue to let veteran, older... — read more 

by
| 10340 views | | 3 replies (last January 18, 2023)
Post ID: @OP+1kKZ3VAg

Am I the only one who's still worried?

Most of you think we're done. I wish I could feel as confident about it as you do. I guess I'll have to go through at least one more day of stressing before I can fully relax.

by
| 9590 views | | 6 replies (last January 18, 2023)
Post ID: @OP+1kK6B1Ca

3%

The cuts were supposed to affect 3% of employees or around 1,500 people. Is there any way to know if that's how many were notified today? I'm trying to figure out if we're looking at several major rounds throughout the year of about 500 people each... — read more 

by
| 9990 views | | 2 replies (last January 18, 2023)
Post ID: @OP+1kKe7Xjm

Age discrimination at its finest.

I know of at least 30 people from Pershing Technology that were let go today. Every single person was over 50 and many over 60. Personally if I was on that list I would sue the company for age discrimination. I would love to post a truly... — read more 

I think the bulk of it is done

There might be some "cleanup" for the rest of the week, but I think they achieved what they intended to achieve today. Now we have to see how this latest round is going to affect those of us who are still here. We lost two more people on our team... — read more 

by
| 9290 views | | 4 replies (last January 18, 2023)
Post ID: @OP+1kKx3JzC

Age???

Seems like those 50+ are at the heat of these layoffs…. Age discrimination… higher paid talent in return for younger cheaper workers…. Hard to pin but smells a bit off!!!!

by
| 7240 views | | 7 replies (last January 19, 2023)
Post ID: @OP+1kKNTWH4

What’s the point

Why are they laying people off when almost every area is severely short staffed and cannot fill reqs ?

by
| 4830 views | | 2 replies (last January 18, 2023)
Post ID: @OP+1kKYwUC9

Some Operational Questions for Those Let Go

OK let's share info about next steps....some basic things: system access was suspended as of today. How do we get our W-2's? If one is on severance for X-X weeks, when can one file for unemployment benefits? Like the other poster have not... — read more 

Ruthless behavior

And they have the nerve to ask employees to 'act like owners'. No class. None.

by
| 5370 views | | 3 replies (last January 18, 2023)
Post ID: @OP+1kKUYd0T

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

: