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
Wells Fargo hires new operations head from BNY Mellon
Folks, I'm shocked! But really, I'm not. https://www.americanbanker.com/news/wells-fargo-hires-new-operations-head-from-bny-mellon All of this really doesn't matter in the long run though as BNY Mellon has only one lever to pull. That... — 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?
Resigning !!!
Hey when u quit do u lose ur vacation days??
Rats jumping ship
Bye bye !!!!
Warren Buffett, Berkshire Hathaway sold $30 Million in BNY Mellon Stock at the begining of April
Sold close to 860,000 shares for about $35 a piece. This brings its stake in BNY Mellon down to about 9.8% Berkshire's remaining stake in the company is worth about $3.3 Billion. BNY Mellon stock has plunged by more than 25% since the start of... — read more
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
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
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
Hiring freeze
Is there an internal hiring freeze?
Do you think there will be another great depression comming as a result of the coronavirus?
Do you think our economy is headed towards another great depression and do you think your job is at risk because of it?
Bank of New York Mellon gives staff 10 days paid family leave due to coronavirus
BNY Mellon is following Goldman Sachs directive and will communicate to staff next week. Todd wants to step in and do right by his... — read more
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.
Retirement age raised. Thanks Todd!
Looks like a few more years of working in the coal mine before we can retire. What’s the next way to screw employees?
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??
new five point rating system over at wells...
they are implementing new five point rating system over at wells for 2020... how did this work at BNY?
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
Why does oriskany ny still have a handful of employees forced to work in offices
Who can this be reported to? Everyone else is home and those remaining have no wfh access or have to come in for other reason s
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
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
Charles Scharf introducing the Below Expectations rating stars Wells Fargo
Scharf just rolled out the Below Expectations rating system at Wells Fargo that you all have. How does this work? Are these people let go at performance time if they get a BE or are they targeted in the next lay-off round? What can us Wells Fargo... — read more
Could this be the straw that breaks the camels back??
Bny mellons stock is set to plummet along with the rest of the market today. Could this be the straw that breaks the camels back? Can BNY Mellon weather this storm that’s coming from the financial markets? What happens to BNY Mellon if the stock... — 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
If you don’t like working at BNYM why are you still there?
Stop whining about about much you have your job and go some where else. If you’re not going to then shut the hell up cause your negatively is what contributes to low moral . Stop s—ing the life out of your coworkers