https://www.prnewswire.com/news-releases/roman-regelman-joins-bny-mellon-in-new-role-as-head-of-digital-300707016.html NEW YORK, Sept. 5, 2018 /PRNewswire/ -- BNY Mellon has appointed Roman Regelman to a new role as Senior Executive Vice President... — read more
GCM Layoffs?
I’ve been hearing that GCM will be hit. Does anyone know when?
Corporate Jets
Does the company still own a couple corporate jets?
GS / The Working Conditions Leak
https://drive.google.com/file/d/1jyeu-wvS3Z10xQ0BlMIDOkh_INoP_Nnb
Internships
The new interns have a starting salary of 150K. They have no experience and no proven work record but given this high salary. Which id--t on the 15th floor at 240G signed off on this? These salaries will throw off the budgets of many LOBs, probably... — read more
Why does technology get a special RTO deal?
2x a month vs 2-3x a week for everyone else…?
Global Client Management?
What is this group??? I came across some old pay bands where some of the directors are making anywhere from 500k up to 7 figures. How does one get into this group??? What do they do? Is this sales?? Are they hiring in Pittsburgh?
Reasons to Quit Your Job
You get no joy from your job. A toxic work culture. There is no room for career growth. You want greater work-life balance. Your salary is too low. You have had a life change. You are relocating. You want to change careers. The company... — read more
Goldman Sachs switched to MANDATORY 5 day weeks!
I wonder if BNY will force people back to 5 a week?
Is work life better after Charlie?
Did work life improve (even a little) after Charlie? What should Wells Fargo expect when he moves on (eventually)?
It’s not a learning organization
That’s the #1 reason I’m accepting an offer from another company this week BNy sits you in front of decades-old technology and punt to Pluralsight — where you half learn interesting skills that you won’t get to use in your job. It Just isn’t a good... — read more
Major layoffs coming
The bank isn’t doing well. They are going to force people out. Get ready for a similar culture during chucks time…
I still love my job here
Reading some of these posts here, one could say that morale is so low that no one cares to keep their job here anymore. The environment is very stressful, but it's hard to find a job anywhere that isn't stressful. I'm not here to defend BNY Mellon... — read more
BNY stinks
Can anyone here come up with one positive in regards to BNY? PROS: monopoly on federally subsidized custody game (everyone else left) CONS: Layoffs, stagnant stock price, corporate cronyism, overpaid executives, outdated technology, nepotism... — read more
I have a life too …
Why should my life focus on getting a you a third yacht?
Old technology
Maybe it's expensive, difficult and risky, but I personally think it's necessary... Isn't it high time for BNY Mellon to invest a bit more into our technology?
Forced retirement for 55+
Has anyone heard of over 55 being asked to retire to save comp monies? I heard the budget is a disaster so trying to make up on high earners.
7 years in Banking IT (BI)
I am getting an offer to take a job in a Fortune 500 IT shop for a large food company. After 7 years in Banking do I make a move? The money is is the same, the role is very similar. I just think I've accumulated a lot of functional knowledge that... — read more
The real problem isn’t layoffs, it’s the lack of layoffs
The real problem isn’t layoffs. It’s low morale. All of us are way overworked and well aware that we were more productive working from home, saving time and money on commutes. Management doesn’t trust us and HR provides no real way to assess our... — read more
Treasure Services
Does anyone feel that leadership in Treasury Services is lacking? What has JW ever accomplished? We have been in the dark on the servicing side ever since she took the helm. Formalized training and documentation is non-existent, yet she promotes MF... — read more
Jeremy@Town Hall this past week
I listened to our recent town hall this past week where Jeremby Dobrick stumbled twice in the same sentence attempting to state the return to office. Interesting, that he couldn't get it out of his mouth. Immediately after this meeting I started... — read more
They don’t respect their employees
Employees should be treated as ‘value creators.” They can no longer be a ‘cost’ to be squeezed and dehumanized. That’s the secret to success that eludes BNY Mellon management.
Reputation is rapidly falling apart
I believe that BNY Mellon is rapidly losing its reputation as the best and most capable employees move to competitors. It it was up to me, I would do everything to prevent this from happening. But to our management, it seems that reputation is no... — read more
HR propaganda
The banks HR/PR staff is as bad as government in spewing propaganda. Continuously talking about water cooler conversations & how great it is seeing people in the office to collaborate. Bottom line, almost everybody I deal with is in a different... — read more
Management bias
In recent years, management has not hidden their bias that long-timers are lazy and complacent and those who will replace them will run laps around them. So they push people out, hire the new stars, who, despite being given sufficiently more... — read more
Are layoffs coming or not?
We have people who are convinced layoffs are coming and those who are calling them id--ts (behind their backs, of course) because we're so understaffed that any more layoffs would cripple productivity. Is there any way to know who is right? I'd like... — read more
They always come up with some excuses
When I confronted my boss about his apparent ageism, he argued that older people resist learning new tasks. This is not an individual case, I've experienced some age bias here too. As for resisting learning, it's a total nonsense but they always... — read more
People complaining
Venting is OK, but complaints only make sense when they are directed to the right ears. Unfortunately, I don't think anyone at BNY Mellon cares about our complaints anymore. Perhaps only some rare managers do? It seems to me that the management... — read more
Get rid of summer intern program
Don’t get me wrong, it’s good to have ambitious kids in the place willing to help, but it’s difficult to justify their existence when they are just given busy work in rough financial times while the company can post on LinkedIn how amazing they are. ... — read more
I have no incentive to fill an open req
Doing so will add more people to the team which increases the chance of me or sometime else being let go next. The layoffs this week were given to strong performers who just happened to be in high cost locations. These were people who climbed from... — read more
3 days a week in office starting September
Received verbal confirmation that Robin is pushing to enforce 3 days a week in office starting September. It’s being disseminated to the management layers now to start giving people notice that it is coming.
PMP is abused by managers
After 2 years of "below expectations" I had a massive argument with my manager, and quit the company. Previous manager for 7 years, I always achieved expectations, and we got along great. BNY abuses PMP to push people out the door, by demotivating... — read more
The only positive thing about still working here?
I don't care anymore if I'm fired. The work environment is so bad that I couldn't care less if they removed me from it. Layoffs are now a desirable option. If they paid me to leave, that would just be the cherry on the cake. I have to tell you, it's... — read more
How much more could they cut?
Most teams across the board seemed understaffed and overworked. But if they keep cutting it more we are sure to get poor service levels. Where are all these expenses coming from anyway? Technology? Failed digital initiatives? Too much people... — read more
Does anyone have more details?
I've heard rumors from many people that there will be more significant cuts in August. I don't know how much truth there is in this. It seems that no one has more insights to share. I am interested in target groups and how big the cuts will be... — read more
Back to office after labor day
2 days a week ? thats a lot .... what about my gas money / toll / parking
Be careful who you trust
People who you think are your friends at work are not. I told somebody I considered a friend I was applying for other jobs and within a day he told my manager about it. You can only imagine what kind of a situation that put me in, especially... — read more
Why does our ETF business stink? Pierce it!
The people that run out ETF business are terrible. They couldn’t manage a paper bag. How could BNY bungle the biggest asset management trend of the past 20 years?!? And now they have this business to attract cobwebs? Maybe the GS people can... — read more
When is the next big layoff?
Seems we always get a big one in August. Anyone hear anything?
Non- vax’d to the office.
Suddenly- they can’t wait for us to come back to the office. & the irony of all the climate propaganda spewed by the company yet their requiring unnecessary commuting to the office for collaborating with others in other countries via teams in the... — read more