Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

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how ethical is BNY Mellon? I was asked a similar question by some person recently and I would've preferred to say that I no longer work here.

We all have one thing in common

Looks like everybody at BNY Mellon has one thing in common: none of us want to be working here anymore. We might differ in many, many ways, but from what I can see, the desire to leave this place for good and as fast as possible is universal. It... — read more 

Where did the pride to work here disappear?

The other day, for the first time, I decided to remain silent about working at BNY Mellon. I used to be proud to have a job here, but not anymore. And not only do I no longer have the passion to work here, but I know that many others no longer... — read more 

Don't be naive

If you think we're safe from layoffs, you're setting yourself up for a major disappointment. Yes, there is huge attrition happening right now. But there is a difference between layoffs and attrition: one is targeted and the other is random. No amount... — read more 

Buckle Up!

Tomorrow is April 1. Layoff month commences! 💩

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| 63538 views | | 45 replies (last May 1, 2022)
Post ID: @OP+1g1mcuCd

"WEBO"

Where are the employees going to sit now?

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| 59590 views | | 5 replies (last April 1, 2022)
Post ID: @OP+1g07hwvg

Will we ever need layoffs again?

With all the people leaving, it feels like we're beyond the point where we'll need layoffs. We might actually come to a point where the management will be forced to improve working conditions to retain employees because so many are finding out that... — read more 

Different bank, same issues

You might work a while at a bank or two with some of our issues, sure. But there is no other bank with all of our issues, the sheet severity of the toxic environment and the lack of any credible business plan. This is the worst managed bank... — read more 

This is a great example of how to ruin a company

There is no successful company that treats the best employees badly to the point that they start leaving on their own just so that the mediocre people who know how to please the management are more comfortable. This is unfortunately what is ... — read more 

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| 52650 views | | 1 reply (April 22, 2022)
Post ID: @OP+1fYOSZ4J

Ireland Mismanagement

Heads of the business in Ireland need to be removed from post with immediate effect and no severance. Mismanagement has led to a 10 million fine. The crew leading the 30% club need to answer for the failings of those they pushed to the top. Issues... — read more 

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| 51190 views | | 13 replies (last April 28, 2022)
Post ID: @OP+1fX8VkNJ

Any Bank of New York Digital updates?

It’s now been 3 1/2 Years since BNYM initiated a high tech Digital Team to automate and streamline processes. We used to have regular updates on how great it’s going to be but it’s now been a few years with no news. Was this a four year program or... — read more 

Completely lost my respect

Disrespectful behavior of managers towards the most loyal employees is shameful. This was my dream job, but after seven years, after seeing a lot of what goes on here, I no longer have any respect for BNY Mellon. Admittedly though, BNY Mellon is not... — read more 

Pershing is ridiculous

Not a post about layoffs but Pershing is losing staff left and right by the associate’s choice. That is because there are real management issues. Cronyism with favorites being promoted. Many leaders who are not talented or effective. There is a... — read more 

Pay discrepancy

I work with 2 others in a specialised team. I have found out, the others earn 100k more than me, and we are all the same grade I. I feel gutted.

You can't be serious

I sometimes wonder if people who keep claiming that BNY is not as bad as we're making it out to be have ever worked anywhere else but here. You really can't have experienced work somewhere else and claim with a straight face that BNY is fine... — read more 

Lobbying !

I could see lobbying as a practice which is quiet common here. They do it to target an individual . They escalate his errors at every level to report an incident and everyone from top to bottom in the management agrees to it. They hide the mistakes... — read more 

Fourth Wave !!

Fourth wave of Covid-19: Omicron subvariant behind 35% new infections in US. The BA.2 sub-lineage of the Omicron variant now makes up about 35 per cent of new Covid-19 infections in the United States, according to the data updated Tuesday by the US... — read more 

Who will be the target?

Is there more information on who the target groups might be? How big will the upcoming cuts be anyway?

I set a goal for myself to be gone by the end of 2021

We're now well into 2022 and I'm still here. it's not for the lack of trying. I keep applying. I keep interviewing. But when I reach the pay negotiations, nobody is willing to pay even close to what I make currently. Now I have a feeling I'll be... — read more 

Sad work culture!

The sad culture here in my 11 year work experience with this Bank is they want people to sit quietly at the desk and do their work, don't want people to ask enough questions , do what is told and we shouldn't be creative enough.

Dumpster fire or entire landfill fire

Ex-BNY employee here. All the info I get from friends still there, people who have been laid off and HR people is that it has been a massive exodus. Layoffs continue, employees leaving to make more $ at other firms (nothing new there), job reqs not... — read more 

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| 36210 views | | 4 replies (last March 22, 2022)
Post ID: @OP+1fSb0JDW

I hope that's not true

I hope the rumors about layoffs in April are inaccurate. I've heard that rumor before and now I see here in one of the posts someone wrote that they are preparing a list. Please tell me that's not true because getting laid off would be a nightmare... — read more 

$100mn revenue hit

BNY Mellon to take $100mn hit to quarterly revenue from Russia's pullback Full article https://www.ft.com/content/30389f47-fba2-47b1-8b9a-c507a9ec74b0 I'm afraid of what might happen later.

Pgh Campus

So they are pushing this RTO and giving some garbage Edge card to support downtown businesses acting like it is some great benefit to us. The current 'benefit' is taking the card to some business and get a free coffee or after work free drink. ... — read more 

Time to go back home !

WHO chief issues warning as Asia suffers massive COVID-19 spike, calls it 'tip of iceberg'.

Advice for newbies?

I was surprised that a young and capable person took the place of a colleague who left a while ago. He is a talented young man, full of enthusiasm and will to work which is rare among the new hires nowadays. To be honest, I’m not exactly sure what... — read more 

Dishonest and deceitful management

They say one thing and do another. Or they set all these rules but they never bother to follow them. "Do as I say, not as I do" is the main motto here, or so it seems. I've never worked at a place where I could trust management less. With people like... — read more 

Question regarding vaccination

So if you are vaccinated & got the booster management wants you to return to the office 1,2 days a week but if you are unvaccinated you can continue to work from home without repercussions? How is that fair?

Left the company- still have a ton of equipment

I left BNY a few months ago and I was working from home with a whole set up (2 monitors, laptop, accessories, dock) and when I resigned my manager told me not to take my equipment to the office. He insisted that I wait for technology to send me boxes... — read more 

Town Hall

What a great show yesterday. Puff ball questions, lots of joviality, and saying how much they love BNYMELLON!!!! Of course they do….making plenty of $$$$ here Not sure what was worse..seeing the show on stage or seeing the fawning sycophants in the... — read more 

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