Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Remote working !

Other financial/non financial institutions have started adopting the remote working culture .I am sure BNY would take a longer time to adapt to this new normal . Are they going to break the 220+year old legacy and start working remotely to... — read more 

awfully quiet on here lately

Not a peep ever since "no more layoffs" was announced. It just goes to show you that BNY Mellon's culture is driven by the constant fear and threat of layoffs. Every day the average BNY Mellon employee fears loosing his or her job. Now with all... — read more 

Lester Owens resignation

So is the resignation of Lester Owens as Operations Director a sign of the purging of the JP Morgan people Charlie Scharf brought over? Or is Lester just following Charlie over to Wells Fargo?

Don’t be blinded by no layoffs 2020

They’ve committed to no layoffs in 2020 but do you really think they wouldn’t seek alternative ways to get rid of people. If you sign checklists or if you done any voting type things in terms of your process, you don’t think they would resort to... — read more 

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| 3210 views | | 4 replies (last April 27, 2020)
Post ID: @OP+14x0xGQT

Communication

How is everyone feeling in terms of communication? Has it improved, gotten worse or stayed the same at team, division or company level? Do you feel talked at or talked to? Do you feel valued or not? Do you feel like you are in the know or left... — read more 

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| 2340 views | | 10 replies (last April 28, 2020)
Post ID: @OP+14xfSfN9

COVID-19 Death

One of my fellow worker dies last Friday because of COVID-19. He used to work in NYC 240G office. Not even a single communication or condolences from the hierarchy of CIOs (4 of them for this department) and our CEO. No value for human life ? I... — read more 

Worst technology ive ever seen at a company.

Unbelievable how bad the technology is at this company. Absolutely abysmal. When you work for BNYM and you look at the microscopic details regarding how technology is deployed and implemented, you quickly begin to understand the magnitude of the... — read more 

Wow! No layoffs 2020

What a welcome move by a great leader. Let’s get on with our lives and provide great service to clients in THEIR time of need!

Warren Buffett is losing confidence ...

https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-30-million-bny-mellon-stock-2020-4-1029081968

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| 204 views | | no replies yet
Post ID: @OP+14p1yyTy

Insight

You know what is interesting? Insight. Being home you get to listen into your partners meetings, the culture of their company beyond what you've been told. For me, it's pure validation that the culture is very poor here.

First order of business for Todd

Take the pledge not to lay anyone off during this national crisis. The government is bending over backwards to support businesses so that people don’t loose their jobs. Do the right thing and protect jobs.

Todd Gibbons

https://apple.news/ATHTVaVYMRxaG89ooupDqeg Folks, Meet the new boss... Same as the old boss... Nothing has changed at BNYM and nothing will. This is not a company that wants to move forward.

The real reason BNYM will not layoff this year

As part of the economic relief package that was approved there is an opportunity for BNYM to accept the "employee retention” tax credit that's estimated to provide $50 billion to companies who retain employees on payroll and cover 50% of workers'... — read more 

Fun fact mentioned online earlier today

Isn't it weird that people living paycheck to paycheck are supposed to have months worth of savings for emergencies while billion dollar corporations are so poorly managed that they're on the brink of bankruptcy after a week of reduced profits??

India offices

Hearing the India offices are to be closed based on country wide lockdown just announced?

July merit increases canceled

The EC has decided to cancel the planned merit increases (based on 2019 performance) due to challenging market conditions. With AUM now down 30% over the last month this decision was made in lieu of further layoffs. Message is currently only... — read more 

BNY Mellon WFH is a total Joke

Most BNY Mellon employees have no clue how to utilize work from home properly. They all view work from home as a convenient way to avoid working altogether. They are enabled by a completely inept tech support dept that is totally clueless how to... — read more 

VOYA so-called 'professional investment advisors'

I mentioned this in another post but I think this warrants its own discussion thread. With the current crash, I feel fully vindicated by rejecting the constant mail and email from the bank and Voya suggesting we enlist their 'professional advisory... — read more 

No corporate bailouts for the banks

BNY Mellon better not dare ask for any bailout money. If the bank starts hurting for money than the executives and senior leadership should sell stock to raise cash. If BNY Mellon needs to die, then let it die! No bailout money! Let BNY Mellons... — read more 

BYNM CoronaVirus

What's your thoughts on possible impacts on us? From the business standpoint.

WFH for next two weeks

Who else is working from home for the next two weeks? I arrived at the office this morning only to find out I was selected to WFH. The email came out at 9:30PM last night. Why so late?? I’m not working then and I don’t have BNY email on my phone. ... — read more 

Closing

Word is that BNY, Northpointe location is closing this year. Many people are being let go. My last day is Friday. Picked up a new job when I saw the writing on the wall.

Sinking ship

I keep hearing automation is the reason for job cuts but from what I see, much of the automation isn’t working BUT mgt already made the cuts so many areas are working long days ..... trying to get their bread crumb & hoping it keeps their name of... — read more 

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| 1590 views | | 6 replies (last March 15, 2020)
Post ID: @OP+13UG22Ng

Coronavirus doesn’t care about your wealth and power

Look, I don’t wish this virus on anyone, but there is a kind of justice — in that wealthy and powerful people can’t simply buy their way out of this Coronavirus risk. Welcome to a vulnerable existence of the kind with which the rest of us live on... — read more 

Stock Market Circuit Breaker Reminder

While you were out having fun over the weekend, Vladimir Putin started a price war in the oil markets that's gonna become a bigger problem than the Coronavirus outbreak. So put on your seat belts, its gonna be another wild week for all you... — read more 

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