Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Deferred test due to Covid?

Anyone else had there pre-hire Dr*g test deferred due to Covid and then never heard anything? It’s been almost 5 months and still nothing.

All the banks are laying off and firing

I'm a little shocked that we're still waiting for our turn. Usually, our management is very layoff happy and they'll use any opportunity to get rid of employees. Does anybody know what's going on in regards to this? When can we expect to join the... — read more 

Enterprise Data Management is a sad Joke

Cronyism lead leadership, bad decisions ,overblown and overspent budget bleeding off North American consultants to pay for an operating model that supposedly was in existence last year. This is a Harvard business school case study for how to ruin a... — read more 

The worst bank I've worked for

Transferring here was the worst mistake I ever made in my career. I have never been forced to work with a more unprofessional group of people than here. Poor decision-making is the norm with no accountability when things go wrong. I'm leaving less... — read more 

End Lake Mary

Failed experiment - Multiple clients gone as a result of bad service, losses galore, bleeding staff, cr-p talent pool, poor leadership...list goes on

BONY pay for Principal in London

Please advise: what the pay range is (Min, Mid, Max) in a compliance /AML role in London, UK I believe the grades for Principal are J-L grade How much percentage of base pay can be expected as bonus Is the hierarchy VP

Regelman - what does he do, exactly?

Does he just travel the world and put the photos on LinkedIn? He has the emotional intelligence of a 2x4. Every time he opens his mouth morale drops another couple points (if you can understand what he says). The 3 yr “digitizing this very bank”... — read more 

I need a break

I've been working so much that I barely see my kids. I feel like I have to choose between having the bank outsource my job if I slow down or having to outsource the raising of my own children because I have no time for them whatsoever. And yes, I've... — read more 

That really pi---s me off

All I want from my manager is for him to have a little understanding that most of us are already overwhelmed and that constantly changing requirements (when it is not justified) exhausts me to the point that I am thinking of accepting a lower pay... — read more 

What do they do with shares they repurchase?

Do they just repurchase shares and give them to management? Page 4 of the slides for the earnings call shows we had 808M shares outstanding the 1st and 2nd quarters. Yet in the second quarter we bought back 3M shares. How can the number of... — read more 

J grade pay ranges in Manchester, UK

Hi, my manager is saying he is putting me forward for a J grade role, but I'm not being given any details about the potential salary available. Would anyone know what the bands are for a J grade VP in Manchester? (currently on 35K on I grade). Many... — read more 

Application Status

Anyone know what the different status' of submitted applications are? Seen a few that so under review or no longer under consideration.

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It's not all about the pay either

Of course, a higher pay is one of the main reasons why people leave, but it is certainly not the only one. Some people left after a decade here and accepted a much lower pay elsewhere. Actually, I believe there are many such cases? Perhaps management... — read more 

How does your manager react

when you tell him that you didn't have time to finish something? Some here advise that you should draw the manager's attention to the fact that you are overloaded and do not have time to finish everything. I don't know about you, but my manager... — read more 

Death, Taxes, BK stock in 40’s

LOL our stock has been in the 40’s since Bush was president. How incompetent is this BoD that they can’t figure it out? Is anyone home?

Don't rush to leave

I'm all for finding a better job than here but please make sure that you ARE making a move to something better and not just leaving for the sake of leaving. A friend did that and he soon found himself in a worse position even if he didn't think it... — read more 

This is not the same company it was a few years ago

This is especially true when it comes to employee treatment. Nobody cares if employees are satisfied. There are no employee engagement efforts. Very little interaction within teams. Nobody in the management wants to put in time or effort anymore... — read more 

Juggling a heavy workload

I'm totally drained and I still haven't found a new job. How do the rest of you manage to deal with heavy workloads?

Recs cancelled due to tech overruns.

I was told that recs we had approved & interviewed for were now cancelled, meaning the work these new teammates would have been doing will now have to be spread over the rest of us!! Apparently too much $$$ were spent on tech, so they have to claw... — read more 

More information is often better for everyone

Someone made an excellent point that there is generally not much reason for BNY Mellon to keep some things secret. This is exactly what is happening here, things that should not be hidden from employees at all become top secrets. This is certainly... — read more 

Mellon

https://pittsburghquarterly.com/articles/the-selling-of-mellon/

Bad managers tarnish reputation

I thought moving to BNY Mellon would be a great career progress for me. I forgot that a very bad manager, who continuously frustrates the whole team, can spoil an entire organization. Why does BNY Mellon allow such managers to tarnish its reputation? — read more 

I don't get it

Someone told me that a person replacing a colleague who left is paid more than he was. It is hard to believe this, given that this person with vast knowledge and experience left because of inadequate compensation. In addition, his replacement has... — read more 

RV Re-Orgs?

Any significant re-orgs planned with the CEO transition getting closer? TSG could certainly use a firesale!

Tired of meaningless meetings

Biggest effectiveness busters at work - unnecessary meetings. So why the need for so many unnecessary meetings, after which I am often left wondering what their purpose was? It totally drains my energy. Nowhere, in any of my previous jobs, have I... — read more 

G & H Bands in NYC

Does anyone know what the ranges are for the G & H Bands in NYC?

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Titles

Does anyone know the titles and salary bands for employees in NYC? Trying to compare vs other banks

Will BNYM follow JPM on abortion care?

wonder if BNY will ramp up employee healthcare to include payment of travel to a state where abortion is legal. JPM seems to be ahead of the game on this issue to no surprise.

Underpaid in Pittsburgh

Pittsburgh staff, especially in Ops, are pretty underpaid. I left a team where most Ops staff were making about $40 to 50K, many with 10+ yrs tenure, without any added incentive and overtime was admonished. Any staff promotions were pretty bad... — read more 

Look at view counts, in 10,000s of thousands

No other bank has this high of a view count (most have views that go into high 100s and mayby 1000s) BNYM has programmed bots to scan each post for any updates and they roll up reports for management. As these bots visit each post several times a... — read more 

Peakon surveys

“ we heard you”. Yes. Workplace Wednesdays where we can collaborate in person- that’s what the problem is. Money we’ll spent on the surveys.

Stop complicating everything!

I hope most of you do not have a manager who is ready willing and able to complicate tasks that should be very simple! Why do they do that? What's the point? - I guess he just likes to make our job harder. For a while, I hoped that would change... — read more 

Salary Bands in Manchester, UK

Hi, does anyone have the salary bands for Manchester, UK. I'm on 36K for I band, but I now have team members on G grade who just joined on only slightly less than me and want to know how I compare.

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