Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Back to office

Has Anyone got the boot for not coming back to office?

two months notice peirod

anybody can share how to shorten the two month notice period? It is just insane. Every other companies I worked for only require two weeks, but BNY requires two months for my level.

The inevitability of layoffs

There are many rumors about layoffs that have been circulating here. I had a little discussion with my colleagues about whether more significant layoffs are inevitable and the opinions are very divided. What do you think? In any case, BNY... — read more 

New redundancy at BNY

Another round of redundancy is ongoing in Europe. Employees with years of experience and knowledge are cut to lower costs. That’s how short term shareholders get more but in the long term all knowledge and experience of and for clients are gone. — read more 

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| 61170 views | | 6 replies (last October 16, 2022)
Post ID: @OP+1jbQNOBp

RT Group spending hidden

Whilst the villagers toil and suffer; RT Group has no real oversight. Budget in 8 figures

I would like to volunteer

In any case, I think that at this moment there are more people who would gladly volunteer to get laid off, than those who want to stay here and go through enormous stress every day. Am I wrong?

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| 62120 views | | 3 replies (last October 10, 2022)
Post ID: @OP+1j8Jvi7e

More Layoffs Coming!!

Sorry to say there will be a massive layoff round come January, unprecedented in scope. Feeling is to get ahead of global economic crash being foretold by many. This has been confirmed to me by 2 people I trust. Major push to hire massive amounts... — read more 

Search under way for new CIO

Let’s just say the current CIO’s accomplishments in the area of automation are quite a bit closer to zero than the board is comfortable with.

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| 74450 views | | 30 replies (last November 18, 2022)
Post ID: @OP+1iYwEWOL

Hard work does not pay off at BNY

I worked my tail off for years at BNY but i was told I never exceeded expectations and that I would have to wait another year before I would be considered for a promotion. Since my talent was being overlooked I decided to apply outside the company... — read more 

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| 75730 views | | 9 replies (last October 5, 2022)
Post ID: @OP+1iWtslJ9

How hard are you trying to find something new?

Venting is good, but venting does not solve any problems. It is best to try to find something new. I have some colleagues who openly complain, but for some reason do not do anything to find a new job and leave this place.

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| 73140 views | | 3 replies (last October 8, 2022)
Post ID: @OP+1iV2MvFz

Quiet Firing

Quiet firing is when management makes a workplace unappealing in the hopes that an employee eventually quits. This concept is a passive-aggressive approach to performance management. Rather than confront an employee and terminate the team member or... — read more 

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| 73890 views | | 4 replies (last September 28, 2022)
Post ID: @OP+1iVGT6rh

So much stress

This is a terribly stressful period, and the worst thing is that I think that after the layoffs, the stress level will be even higher. How do you even do your job in these conditions? I can't focus on work at all. Tons of work, difficult manager... — read more 

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| 77830 views | | 15 replies (last October 14, 2022)
Post ID: @OP+1iRuoDAT

Get rid of those close to the top

I hop many overpaid and do-nothing executive managers, senior group managers, and managing directors get fired and their big $$$$ salaries partially saved and partially used to properly compensate and retain real hardworking employees. This would be... — read more 

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| 76520 views | | 7 replies (last October 5, 2022)
Post ID: @OP+1iRIZP7p

Are couteroffers still a thing?

You know, when you find another job outside but you tell your manager and they can offer more money for you to stay? Is that still a thing here?

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| 73390 views | | 10 replies (last September 28, 2022)
Post ID: @OP+1iQsWCln

The wrong approach to layoffs

Instead of laying off good, hardworking people, why doesn't BNY Mellon finally start getting rid of managers whose lousy work is rewarded with huge salaries? How many excellent employees, whose talent and knowledge this place desperately needs... — read more 

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| 74900 views | | 12 replies (last November 7, 2022)
Post ID: @OP+1iPcNA7Z

Remember, you are in charge of your life

You should always be looking for a new job. Whether you are planning to quit or not and whether you are worried about layoffs or not. That's how you remain the master of your own destiny. If you are simply waiting for layoffs and not being proactive... — read more 

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| 74380 views | | 7 replies (last November 7, 2022)
Post ID: @OP+1iPvSb6j

Our benefits lack greatly compared to peer companies

BofA gave cost of living increases to everyone making under 100k in June. They are rolling out a sabbatical program allowing employees at 15, 20, 25, 30, 35 and 40 year milestones to take a sabbatical of 5 weeks + (duration depending upon seniority)... — read more 

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| 74120 views | | 6 replies (last September 22, 2022)
Post ID: @OP+1iNzA0Wt

Layoffs today

Hearing of multiple layoffs today. Can anyone confirm and where?

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| 74780 views | | 13 replies (last October 15, 2022)
Post ID: @OP+1iN216Sf

Good Luck this week

People say there will be no layoffs, but there will be just as there was in August. This is a known week. It may not seem like much across a firm of our size, but they will happen. I hope you get what you have wanted, whether that be continued... — read more 

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| 74980 views | | 16 replies (last October 20, 2022)
Post ID: @OP+1iNMRimZ

Sub package

Can someone please confirm that it is still two weeks for every year an employee has worked here? Or is there now a cutoff date? I was trying to find the thread that discussed this but was unable to locate it. I am getting worried and just want... — read more 

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| 74150 views | | 6 replies (last September 24, 2022)
Post ID: @OP+1iNvaJIz

I'm happy to work extra for extra pay

Am I the only one who's tired of wearing too many hats but only getting paid for one? I'm not married, so I have no issues with working 50 or 60-hour weeks. I'm more than happy to work on weekends as well - but as long as you pay me properly!... — read more 

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| 72380 views | | 14 replies (last October 17, 2022)
Post ID: @OP+1iLIYkxp

All those managers

Of course, there are good managers who do their job well, but the problem is that there are too many who are completely useless. Does BNY Mellon need this many managers? I think that they are not needed, but perhaps someone thinks differently? On... — read more 

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| 72690 views | | 13 replies (last November 13, 2022)
Post ID: @OP+1iKFtnVH

Elon Musk is trying to colonize Mars...

...while BNY Mellon is struggling to reduce the thousands of faxes they STILL send every day via automation. Now which company looks more interesting to an ambitious, bright young person? Where is the exciting vision of the future? What, they are... — read more 

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| 71000 views | | no replies yet
Post ID: @OP+1iJJUE6d

Chief Technology Officer says Layoffs likely

This was confirmed by multiple sources. The layoffs will affect AM and AS broadly and deeply. This round will mainly be management. Another rumor around this is a change to business model where lower level people will be given more leeway to make... — read more 

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| 73210 views | | 8 replies (last October 20, 2022)
Post ID: @OP+1iJy4VVg

Workplace pizza Wednesdays!

Yes. This made my commute in & paying 4/gal for gas, money to park & waste 2 hours commuting to be on teams meetings with my door shut with India colleagues worth it! Pass me another slice of pepperoni

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| 65110 views | | 10 replies (last September 15, 2022)
Post ID: @OP+1iInagQl

Salary increases due to inflation

Some companies are starting to increase employees salaries to soften the blow of Biden's inflation hike. Will BNY follow suit?

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| 65030 views | | 6 replies (last September 27, 2022)
Post ID: @OP+1iIyAJEN

RTO

What happens if someone refuses to return to the office? Anyone had this situation?

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| 65230 views | | 12 replies (last September 22, 2022)
Post ID: @OP+1iIZSMos

Why so much resistance towards working in the office?

Interestingly, some who first resented having to work from home, now resent having to work in the office. How is it that before the pandemic no one objected to doing their work in the office and now suddenly many are objecting to it?

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| 66030 views | | 20 replies (last September 15, 2022)
Post ID: @OP+1iGlKrJL

Question about references

I've been actively looking for a new job but I'm worried that any serious offer might end up in them contacting my manager for references and then I'm screwed. He's the main reason why I'm leaving. He's been making my life a living he-l since I... — read more 

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| 67420 views | | 7 replies (last September 11, 2022)
Post ID: @OP+1iEcEgzw

Managers attending RTO training

Hearing that managers are attending training to help get their team back to The office for required days if hybrid! Also hearing that it’s a hot button issues of senior management and that report tracking is based on swipes onto floor where your... — read more 

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| 69080 views | | 16 replies (last September 15, 2022)
Post ID: @OP+1iD99tZb

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