Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Goals tied to Merit Increases

With 0% merit increase this year, how does this organization expect anyone to write goals ... and especially a "stretch" goal? My goal will be to search out new employment, and my "stretch" goal will be to stretch out on the couch while searching... — read more 

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| 46380 views | | 6 replies (last March 5, 2021)
Post ID: @OP+19zmJ0oq

The Org chart is upside down at this organization

Next time you are in MySource, take a good hard look at the organizational chart at BNY Mellon. You see all the VP's then the senior management, then the middle management, then finally you get to the bottom of the chart where you see all the actual... — read more 

Profitability through cuts

Is it just me, or is the only way the BNYM leadership knows how to increase profit is through cuts, cuts, and more cuts? Is that really the only thing they can come up with? What exactly are they paid the big bucks for, then? There is no growth, no... — read more 

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| 45760 views | | 9 replies (last February 24, 2021)
Post ID: @OP+19vnKpyR

TODD- WHERE ARE MY BELONGINGS

How long can they legally hold on to your personal belongings when you are no longer an employee. Not a word on how to get them back. This is a disgrace. Do we need to get lawyers involved ?

Let’s Recap

For those of us per go in January let’s recap the experience. Trouble accessing the portal with all the separation agreement. No return call from the 2 HR people that would call you back within 48 hours. Mass confusion on how to return the... — read more 

Personal Belongings

For anyone who was let go in January, did you receive any info on how to retrieve personal belongings? My manager says I was supposed to receive a survey and needed to opt in for the process to kick off, but I just checked the separation portal again... — read more 

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| 52230 views | | 10 replies (last February 23, 2021)
Post ID: @OP+19n6J8sV

This is BS

Some teams, (GCM, AS, Pershing) have employees who receive bonuses which are equal to and greater than the base salary. There is no consistency. Very frustrating, clearly the "have's" and "have nots".

Merit Increases

For employees meeting expectations, how does the bank justify no merit increases beyond the "it was a hard year and we had many challenges with the numbers". Expenses should have been significantly decreased – selling locations, no T&E, limited... — read more 

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| 51150 views | | 6 replies (last February 22, 2021)
Post ID: @OP+19nsqv9k

Made too much last year for a merit increase this year

Had my compensation discussion today. Was told my increase last year was more than I should've gotten that they decided to not give me one at all this year. Then was told I've been excelling and growing tremendously on the team. So excelling = no... — read more 

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| 50200 views | | 9 replies (last February 22, 2021)
Post ID: @OP+19mSP902

Corporate Trust Wexford Ireland - Horrible position

I am part of the CT team in Wexford and wanted to know if there are any other departments in as bad of a position as us. Currently have 7 ppl on stress leave with two being group managers. Another couple close to going also! Senior management haven’t... — read more 

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| 59210 views | | 35 replies (last August 10, 2022)
Post ID: @OP+19mMCmR2

Next round of cuts

With all the talk about bonuses, I'm starting to get a bit optimistic about the situation. Should we assume that we're done with cuts for now? I know there'll be more sometime down the line, but maybe not in the following few months? Or is it naive... — read more 

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| 49780 views | | 14 replies (last February 19, 2021)
Post ID: @OP+19mLOFSk

Bonus 2020

Has anyone been pulled by their manager yet to confirm their bonus or Merit increases? Or should I say lack of bonus and no Increase?

benefits here are so lackluster

very average to low pay, very minimal to no raises, a bonus that's a slap to your face, very "standard" medical and retirement, no WFH unless there's a global pandemic, hostile work environments across the bank, not even a gym membership discount. i... — read more 

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| 58560 views | | 3 replies (last February 14, 2021)
Post ID: @OP+19fTFlE4

Belongings left in the office

Has anyone that was let go in Jan heard anything about getting their belongings left in the office. I’m not happy that BNYM is holding my belonging hostage with no communication on how to retrieve them.

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| 59840 views | | 9 replies (last February 22, 2021)
Post ID: @OP+19dVwJYb

Most Prestigious Banking Companies

I have to admit, I'm not shocked BNYM is nowhere near the top. I'm shocked we made the list at all! https://www.vault.com/best-companies-to-work-for/banking/most-prestigious-banking-companies (We ranked at No. 38, in case somebody doesn't feel... — read more 

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| 58380 views | | 6 replies (last February 7, 2021)
Post ID: @OP+19d8mLaR

Retirement site doesn't have my termination year.

Anyone else having trouble setting up an account at https://bnymellonpension.bdigitalsuite.com? It didn't recognize me when I entered my ssn, birth date and termination year so I had to call them. They said they had no termination year on... — read more 

Closing Northpointe

A while back I heard that BNYM in Northpointe was shutting down. Does anyone know if they are still there? Just curious

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| 61630 views | | 3 replies (last February 14, 2021)
Post ID: @OP+199Ev1Nu

Bonus for BE?

Anyone with intel on the usual bonus paid to BEs in % compared to ME (as a rule on thumb in an average year)?

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| 60700 views | | 7 replies (last January 31, 2021)
Post ID: @OP+1974fNZr

Release letter

Has anyone that was let go this month signed the release letter. Any thoughts snd comments appreciated.

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| 60940 views | | 7 replies (last February 26, 2021)
Post ID: @OP+197mwC0u

returning to office on april 5th?

Does anyone think we will actually return to the office on April 5th? Im located in pittsburgh. Leave your predictions below.

Return laptop

Has anyone who got laid off heard about returning their laptop? If so, was it from boss or hr? What are the instructions on how I get this equipment out of the house with a good riddance?

Vaccine

How many people plan on taking the vaccine if the company mandates it to return to the office?

More to India

So BNYM won’t put reqs in domestic locations so we have the bodies and support needed but magically found funds to put 45 temps in India. These f—s can’t figure out how to reset a damn password but they’re being put in positions overseeing system... — read more 

Can we be the biggest Fintech?

BNYM have potential to be the biggest Fintech, but given the IT talent (or lack of it), it will always be “potential”. Few talking heads and lot of outdated managers, and a ticking time bomb, due to ever evolving technology and organization like BNY... — read more 

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| 59150 views | | 8 replies (last January 31, 2021)
Post ID: @OP+192QBEEq

First Layoffs, Now No Merit Increases

After a wave of layoffs in mid-January, those who are left were just told that only 50% of staff will receive merit increases this year and those 50% will be getting the smallest increase possible. This is how you reward the people who carried... — read more 

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| 60980 views | | 13 replies (last January 31, 2021)
Post ID: @OP+191xv5Tw

I've been made redundant - AMA

I work in the Piccadilly Gardens office and have been made redundant. Basically they asked management to select people to let go, then worked with HR to put things in place to ensure it was done in a 'legal' fashion. In my case my end of year review... — read more 

Always take that charge in the 4th quarter.

I see after skipping last year they're back to taking a charge in the 4th quarter to so they can convince employees how things are so tough when they're dishing out 1% raises.

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| 55480 views | | 5 replies (last January 21, 2021)
Post ID: @OP+190ZUO4u

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