Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

The work environment is ridiculous

Sometimes it feels like high school all over again. Coworkers acting like it’s a popularity contest. Bullying here and there. And let’s not forget about those who backstab and gossip when you’re not around. I hate that I have to work with people... — read more 

April Layoffs

Is there any truth to layoffs in April. I heard they were coming. It's crazy, I don't know any team that can spare a single person.

How much more work do you do compared to last year?

A lot of people are complaining about the increase in workload since last year and I believe them. Admittedly, that's not my case but I don’t know how they could give me more work when I’ve already been working so hard for a few years now that I... — read more 

401k website

I was laid off but have recently started a new job and I am trying to rollover 401k from BNY into my new employers 401k. The website provided by BNY NEVER seems to work and I cannot logon to access old 401k. Has anyone else had this problem?

They want to improve culture?

My opinion is that the goal of surveys is certainly not to help them diagnose problems that need to be worked on in order to improve culture. In fact, I don’t even know if it’s in their interest to improve it nor if it's even possible to improve it... — read more 

Chainsaw Charlie

Was anyone here around when Chainsaw tried to take away the work from home option? What got him to change his mind? Dealing with the same BS at Wells now, in the middle of a pandemic. Any... — read more 

Big news

BNY Mellon's former global head of operations will now be responsible for State Street's custody, middle-office, transfer agency and client service operations. By Joe Parsons March 19, 2021 3:59 PM GMT State Street has hired one of BNY... — read more 

Worst place to work

Place tries to sell itself as an industry leader, but only leads in poor management. Managers use the force rating policy (unofficial but it does exist) to lay off people that the don't stroke their egos. Promotions are based on cronyism and not... — read more 

Get out get out get out

People need to see the writing on the wall. BNYM was a great employer a long time ago but now it has turned into one of the worst. It's no longer a matter of if you'll be laid of but when. Don't let something so obvious surprise you. After all... — read more 

Proxy Statement

I see that in the proxy statement Todd received a 56% raise in 2020 - salary went from $800k in 2019 to $1,250,00 in 2020. If that's not a slap in the face to all the employees who received nothing or a mere 1% merit, I don't know what is. So glad... — read more 

Peakon surveys

Is management allowed to require that you complete peakon surveys weekly and make it part of your performance plan?? Could this be a tactic for management to meet their goal of encouraging employees to take the surveys to increase response rates... — read more 

Gaslighting

My manager is an expert on gaslighting. She's a horrendous person, like most managers in Treasury Services, whose only talent is to rely upon one person on their team to handle complex projects while allowing her pals to slack. Rant over.

Good stepping stone?

I haven’t been at Mellon for long, but I see a lot of people on the forum saying that it’s no longer a good place to stay however it is a good stepping stone to go to some better place. Honestly, I don’t know how to use this place as a stepping... — read more 

Shell game

BNY is a dumpster fire. Our CEO has been sacked twice (fired then rehired then fired again). Companies merged under the guise of “synergies” but just layoffs. Shelf life of BK CEOs is 3 years, I’ve had 6 so far. If you can’t increase revenue you cut... — read more 

There’s only so much we can do

There is absolutely nothing I can do about the workload forced upon me. Management seems to treat us as if we’re robots and not human beings who have a limit on how fast we can work or how much stress we can take. After months of this it’s taken its... — read more 

Epic Failure to Consolidate and Automate Processes

They are still sending thousands of FAX’s a day! They have a failure of talent at the too, but so much easier to blame it on the rank and file. This is a classic strategy of mediocre management. They simply can’t compete for the best people... — read more 

Smartest thing I ever did

I made the decision to leave June of last year and by EoY I had already started a new job. The relief I feel being away from BNYM is indescribable and I am so glad I took the step to free myself from all the B.S. politics that were dominant there. ... — read more 

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Post ID: @OP+19QX5Yzg

Layoff targets?

Someone said that March layoffs are very certain. Any insights on how many people will be affected and who are the targets?

If you’re lucky, you’ll get laid off?

Everyone goes around saying that they have had enough of this place and that they can hardly wait to be laid off. Encouraging are the stories of people who say they are doing much better here after earlier layoffs, but I still take their words with... — read more 

Sub-Pay and Taxes

Hello, for those of you who have received sub-pay last year, what does BNYM send you to file your taxes (W2,etc )this year? Since Social Security and Medicare are not deducted are we liable for that when filing? Thanks!

MARCH LAYOFFS?

Heard there were March layoffs... does anyone have any information?

Hunger Games

Because of regressive policies like forced rankings, YOUR mistake is MY safety net. Why should I tell you that you are about to make a costly error and get the BE hot potato? I didn’t happen to think that way, but I knew many who did. I moved... — read more 

Overwhelmed by workload?

Heavy workload has always been there, but lately it's really too much. In situations like these, mistakes are inevitable. However, they don’t seem to care at all. I thought it was just a phase and it would pass, but no. There is more and more work to... — read more 

Bny Employees are zombies

Yall got to leave, literally doubled my salary from leaving that place after wasting 12 or so years. Once you reach a certain age in conjunction with being stuck in the same position or org you become unattractive to other firms. In those 12 years... — read more 

Tracking Devices - Uh oh!

So will all employees in september be required to wear tracking devices on their badge? Seems a bit excessive. Are other companies actually doing this too? But wait they promise not to track how long you sit and eat your lunch!

ATTENTION SENIOR MANAGEMENT: Employee Recognition Day

I am sure you don't realize this, but telling managers to acknowledge their appreciation for their staff today DOES NOT make their staff feel appreciated. It just makes YOU look like out of touch id–ts. If you wanted employees to feel appreciated... — read more 

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| 46220 views | | 4 replies (last March 6, 2021)
Post ID: @OP+19IZPfyu

Carrots and Sticks

BNY Mellon has little to offer in terms of carrots (cutting edge technology, interesting projects, attractive compensation, etc.) so they are reduced to using sticks (forced rankings, threats of punishment over minor administrative oversights, being... — read more 

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Post ID: @OP+19IhMuMp

Anyone else in Pittsburgh scared?

Did anyone attend Ryan W.'s virtual site visit and come away from it worried? Why is he so set on bringing us back to the office just so we can go for beers after work? He seems worryingly dependant on this algorithm that tells how many people each... — read more 

What is "Prior Year N" on pay statement?

My SUB pay that was deposited yesterday has an additional "Prior Year N" under earnings that is more than a few thousand dollars. Any idea what that is? It appears to be taxable and subject to FICA.

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| 45710 views | | 9 replies (last March 1, 2021)
Post ID: @OP+19C0SnnC

The Flop

A very poor employer. A flop....muppets trying to be leaders. They are $$ fixated with no interest in people. Living in the past. #outdatedfools

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| 45820 views | | 2 replies (last March 4, 2021)
Post ID: @OP+19CIbbD7

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