Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Do not go back to the office. I repeat…

Everyone do not go back into the office. Way too many people quit giving you the power to do as you want. If you all stand together, they would certainly reconsider. The rating mechanisms from 2 years ago is coming back and so is that culture. Say... — read more 

Lack of HR

Is it me or is HR totally non-existent except for when it comes to downsizing? Nobody communicates info on pay grades Nobody communicates info about severance/sub pay until you're let go It's some big puzzle to determine what activities you need to... — read more 

They ruin talents

Or maybe better said, BNY Mellon suppresses talent? I know a young man who came in with great potential and I really thought he would progress very quickly. However, it didn't happen. Obviously his talent and effort alone were not enough. Elsewhere... — read more 

Transparency?

Asset Servicing in Syracuse... Split clients up by their revenue. Give lower revenue clients to another team. Offshore that team? Never? Oh wait.....

Back to the office.

Audit back to the office tues, wed, thurs. remote mon & Friday. Let’s not forget. We all had additional hours added to our days w/o additional pay last year as well This place just continues to disappoint.

Salary Grades

Does anyone have any idea how they actually work? I'm an 'I' and my base is $100K (rounded to the nearest 10) How about you?

Unemployment Benefits?

Does anyone know if unemployment benefits are available when your commute increases 100 miles a day?

It’s “my way or the highway

That’s BNYM managers, these insecure leaders are too scared to take their team advise, this is then becomes a “it’s “my way or the highway”. Good luck those are still with the firm.

Mid yr review - raises.

We are having mid-year reviews, meanwhile our raises, as pathetic as they are, have yet to kick in. Really funny the sheep at this company. Sr. Mgt says something, like a new buzz word, & it’s a race to see how many times people can regurgitate... — read more 

Layoffs on hold?

I wonder if they are reluctant to initiate another round of layoffs due to all the data showing record numbers of people are quitting their jobs?

TS corruption and hypocrisy

Why are TS managers bringing back their retiree friends, putting them on payroll, allowing them to be based full time from home (which isn't even afforded to current employees), and not requiring them to do actual work or be subject to performance... — read more 

Nothing New Here

Just a lot of whining and complaining. No real layoff Information. Who cares if you left a pair of shoes in your desk.!!! So try to keep this site relevant to layoffs 😎

New job offees

Has anyone realized that finding another company with similar benefits and salary is very difficult? I’ve gotten three offers in the past four months and turned all of them down because the PTO, 401k and salary just couldn’t compare. Two of these... — read more 

Belongings

I left in January and filled out the survey that I want to come in and get my belongings. I keep calling and being told it’s still pending the lengthy review and approval process. I’ve asked my prior manager and he keeps telling me he has to... — read more 

Why so much resistance to going back to the office?

I am sure that there are many such cases, and the biggest reason is, in my opinion, the toxic atmosphere. It has nothing to do with laziness. Unfortunately, I knew that WFH would only be a temporary solution. How many people would rather find a... — read more 

Back to the Office

Within minutes of Todd’s email today with regards to the back to office plan, I was flooded with inquires as to I want to stay home, how do we make that happen.. this is going to be another colossal misstep by Senior Mgmt and HR pushing this down to... — read more 

Callous and calculating ‘culture’

I’ve been in manager HR training sessions where they talked about how to handle the “hard luck” excuse given by an employee (personal loss, mental health crisis, etc.), and how to manage them out. Yes, that was the exact phrase used to characterize... — read more 

Who decided who to lay off?

This is a question for any managers who might be reading this forum: do you have any say in who gets laid off or is the decision completely taken out of your hands? Judging by the people who get cut and those who stay (wrong people each time,) I'm... — read more 

Robot is replacing DevOps

Truth be told, DevOps is being replaced by Robots. Good luck, no one is going to hire if anyone claims that they worked as DevOps guy at BNYM.

Troublemakers

Are you characterized as a troublemaker or are you wise enough to keep quiet? The first thing I learned here is that you should never be too engaged in your job. Just like someone said, as soon as you start, albeit very subtly pointing out some... — read more 

This makes very little sense to me

It feels like the entire banking sector has adopted the position that laying off experienced and more knowledgeable employees is a really good business strategy. Instead of dealing with a bad decision made by management, everybody's knee-jerk... — read more 

MS Teams rollout

This has been handled so poorly. Our company rolls out features to some users, but not other users. Why not enable everyone for all the features?! Right now it's nothing more than a chat or meeting tool. I'm so tired of hearing "it's on the... — read more 

Make sure you are always networking

I know of several people who are trying to leave but are having no luck in finding new jobs. None of them bothered to network while they were not looking and have just started, which I think is their biggest mistake. Who do you think is more likely... — read more 

Starting over

After 16 years with BNY Mellon I was laid off in April. To say I was devastated is an understatement. It took me a few weeks to get out of the emotional rollercoaster ride I was on due to this. After over a month of searching I’ve found a position... — read more 

Drama

This drama of lay-off will continue unless changes brought to HR department. Lay off all HR and find some great HR who knows how to look for great candidate. They gather rubbish and cost thousands for the company. These HR started listening to the... — read more 

SUB site log-in

What is the user ID for the portal again? Something like the last 4 of your social and the last 4 of your employee ID?

Seems unusually quiet.

Seems awfully quiet. When Scharf ruled, the layoffs were predictable and severe. Every quarter you know of at least 10 or so. January had layoffs but after that, things seemed unusually quiet. Are we finally tapped out?

How many times have you changed your mind?

Changing jobs is not an easy decision, especially if you are at an age when you no longer have as much energy and enthusiasm as before. A colleague who has been here for years and from whom I have never heard any complaints, last week abruptly... — read more 

I used to feel helpless

For over a year I would stress over things I had no control over and it would upset me to no end. Then I realized that I DO have control over something - my own career. I started working on my resume and I began applying to businesses that I found... — read more 

Where was Todd?

Caught some of the congressional grilling of Big Bank execs. Charlie looked Sharp😎 Did not see Todd in attendance. Guess BNYM is not up there with the big boys

Don’t get angry!

“The right place values you the right way,” If you are not valued, do not be angry, it means you are in the wrong place. Those who know your value are those who appreciate you......Never stay in a place where no one sees your value.

Why stay?

I'm finding fewer and fewer reasons not to leave this place for good every single day. What is there to stay for? We are overworked but also underpaid, we have poor team support and lousy managers, if we want a promotion, we have to change who we are... — read more 

Will we ever have proper leadership?

I don't want to name anyone, but I'm just noticing that those who are in positions here lack greater leadership skills. By no means do we have people with a vision in a leadership position. It is noticeable that everyone's morale is falling and... — read more 

How is working at BNY Mellon these days?

It has been a little over a years since I've been shown the door. Prior to that, I've spent most of my time waiting for the ax to fall. Things are not perfect for me now, but it's better than it was there. Have things changed at all? How is it... — read more 

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

: