Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

The one question that still lingers in my mind.

I was laid off out of nowhere over a year ago. Life is fine for me right now and am happier than ever being out of that dysfunctional organization. The lingering thought that keeps arising in my mind is why the solid, close relationships I had with... — read more 

Bonus

Bonuses - anyone received? If so, what?

Sub pay taxes

I did my taxes and the sub pay k–led me so I have to pay federal taxes. When I was laid off last year they told me taxes would be taken out so it wouldn't effect me filling my taxes. Well, they were but they used code CD and now it changed my... — read more 

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| 1640 views | | 8 replies (last February 13, 2020)
Post ID: @OP+13sANw8Y

How to get laid off?

I am trying to get laid off, with a package. Any hints on how to do this? Should I put myself forward for selection, or make a few deliberate f*** ups ?

EMEA

Overheard this morning multiple EMEA office locations to be closed due to high cost factors. Changes to be announced imminently. It’s not just us folk in the US that are being hit it seems.

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| 1190 views | | 5 replies (last February 11, 2020)
Post ID: @OP+13riIKTA

Big Announcement this week...

Speculation that all bonus payments cancelled after emergency meeting on saturday. Is that true? Also, new top dog to be announced as outsider from one of Charlies ex places of employment to take the wheel??

Anyone get the letter from the Head of HR?

I just received this letter. Why was this sent all of a sudden? Is the this because of people feel they are getting let go because of Ageism (50+ years)?

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| 2120 views | | 6 replies (last February 11, 2020)
Post ID: @OP+13rVEZ1c

Bad attitude at bny Mellon

Just to give you an idea just how bad the attitude is at bny mellon, I once talked to an accountant there who was working on data in an excel spreadsheet. He says to me “1 plus 1 doesn’t equal 2, it equals whatever the hell it needs to equal in... — read more 

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| 1850 views | | 6 replies (last February 13, 2020)
Post ID: @OP+13pHtZti

Former employee

I worked and dedicated myself for over 20 years. I was part of a separation last year and miss working for the company everyday. For me, I was lucky enough to have great managers over the years. What upsets me the most is I post often for open... — read more 

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| 1950 views | | 8 replies (last February 10, 2020)
Post ID: @OP+13oLXrZl

Lay-off Not Coming

No lay-off as mentioned in this post but it will be similar to what it used to be.

Bonus for those laid off

I was laid off in September of 2019. Our team has historically always received bonuses. Would I still be eligible for one since I was working most of the year? The language in the sub packet touches on this but is not clear. I’m sure it’s up to their... — read more 

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| 1350 views | | 5 replies (last February 11, 2020)
Post ID: @OP+13oDvo3a

Bonus scandal at BNY Mellon

Lots of talk on here regarding midyear and end of the year reviews and all the BE’s people have been unfairly getting. People being walked out the door in an effort to save money on headcount. While all of this might be true, there’s another side... — read more 

Taking your voice

BNY Mellon is STEALING YOUR VOICE. They made me record my voice saying “at bny Mellon my voice is my password” for my initial account se up and now they TRACK EVERyTHInG I SAY. I’m on doing my tasks and I said to myself I’m getting behind and SECONDS... — read more 

Headcount slash

Big slash of headcount just around corner. Will be spread out to keep mass numbers put of news. So every location to see cuts. If you are in the organisaton 15 plus years watch out

Organize

About the only measure that would stop BNY’s odious treatment of its employees would be a union, and they would have no one to blame but themselves.

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| 1070 views | | 7 replies (last February 14, 2020)
Post ID: @OP+13mfVCEL

This company is ripe for a merger or acquisition

It sure would be nice to see some responsible adults take over BNY Mellon and to right the ship. Someone like a JP Morgan or Chase. Problem is that those companies are smart, and wouldn’t touch BNY Mellon with a 10 foot pole. BNY Mellon and... — read more 

Longer Days No Additional Pay

Anyone else notice they are expected to accept meetings at 7:00 am and 9-10pm with no other compensation on a regular basis? I don’t mind the one of request but at this point it is expected of me 4 x a week.

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| 1600 views | | 7 replies (last February 5, 2020)
Post ID: @OP+13iCh2tF

Lists are done?

Ok.... lets shoot from the hip and provide evidence to back up all the hype on here? Cuts...where and when? Bonus...how much, for who? BE ratings....whos afraid to challenge? Pay rise....3%-12%...for who? Lets...provide the evidence or keep... — read more 

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| 2730 views | | 16 replies (last February 6, 2020)
Post ID: @OP+13hT6VKw

Congrats if you get promoted

Jan is the time of promotion. While they hire higher level from outside instead of existing employees ( all they have is work and layoff), you must be very valuable. What's the raise %?

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| 970 views | | 2 replies (last February 5, 2020)
Post ID: @OP+13hu88Un

Bonus Time

Everyone to get min 3 % payrise regardless of pmp? That true?

PAC

Everybody send in your thousand dollar checks for the PAC. Todd says The company’s best interest is also our (employees) best interest. I’m sure that everybody that lost their job would agree Don’t worry, they will use that money to lobby... — read more 

No more cuts in 2020

Glad to report there will be no more cuts. Few heads being saying that recruitment is full steam ahead now. Too much BS on here.

If you were forced to give BE’s

If you were forced to give BE’s, let HR know. I talked to HR on another matter and mentioned this to her and she said ratings are your managers discretion. HR is clearly not aware of what is going on. Obviously everyone is doing what their managers... — read more 

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| 1880 views | | 16 replies (last February 9, 2020)
Post ID: @OP+13dNPpZH

If your manager threatened that if yo don’t sign your BE

Our manager threatened that if we didn’t sign the performance rating, that we won’t get our bonuses. I forwarded that email to HR and they told counsel and had to escalate to his manager because obviously he was trying to use intimidation and coerce... — read more 

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| 1330 views | | 3 replies (last January 30, 2020)
Post ID: @OP+13dmy9Zw

Getting better?

I see BNY Mellon ratings on Glassdoor and Indeed improving. Are things getting better?

Middle Management is real threat to the Bank

Problem is middle management that is playing a dirty game because this middle management has nothing to do the whole day, they have nothing in their head(it's literally empty), meeting after meeting, these meetings brings nothing to the table but... — read more 

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| 1160 views | | 4 replies (last February 3, 2020)
Post ID: @OP+13co8xSg

“Staff Refresh”

Bringing in new people to shadow existing employees. Then the employees are being displaced after proper training. Yes, it’s true I am being forced to do it.

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| 1640 views | | 9 replies (last January 27, 2020)
Post ID: @OP+13a4SReE

Looking for my w2

I was laid off last year and wondering if anyone has received their w2's yet. I heard of a few people have got them. When were they sent out? Does anyone have a phone number to payroll in New york? How long should I wait for it?

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| 4190 views | | 9 replies (last January 31, 2020)
Post ID: @OP+13axAR2o

MD level manager clearout

Grades M and S are going to be hit globally. 15% of heads will go in March. A statement to the market is being prepared. Investors are demanding cost controls.

This is blatant age discrimination

All of the people laid off in my department so far this year were senior level engineers and project managers, all earning 6 figure salaries. The first wave were people between the ages of 50-65, the second wave were people between the ages of... — read more 

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