Managers would know for sure. Painful stuff. Supportive thoughts to all. Try not to take anything personal.
Topics regarding layoffs at Bank of New York Mellon Corp.
Any word on layoffs in retail mutual funds?
He comes off as a bit of a milksop when he speaks. He’s the kind of guy who belongs in a corner with a spreadsheet— and he’s undoubtedly good at counting beans and being on time. He’s just not CEO material — no charisma at all (and not to be mean... — read more
Does anyone know if there will be any team restructuring or merging in portfolio services in PGH? The writing seems to be on the wall in my area that something is going to happen as my manager has been even more checked out than usual. Not that... — read more
I think most in the trenches know whether their positions can be reduced or can be automated. That's the occupational hazard of the corporate world, it's Darwinism and people at the MD level and above get axed too when their ideas and knowledge... — read more
Who came up with the idea there will be 2,500 cuts in December? And where is the evidence to support it?
So the other day, I learned my department VP needed access to my performance profile as they needed to see my forms in my profile. Could this be a sign I may be one of the 2500 that may be getting shown the door on December 2 or is what they did... — read more
BNYM is partnering with companies like EZOPS, Kingfield,Caissa, and Two Sigma to execute their IT needs. These are best in class external partners are chosen to replace the internal digital ecosystem. Good luck folks...
My managers manager informed me that I won’t be needed after December. I didn’t know what to say except to be really honest and say how excited I was to leave and do something new. The manager took this more poorly that I expected. Evidently the... — read more
This post is just to encourage anybody facing the sudden prospect of resignation / layoff, that life after BNYM is INCREDIBLE! I left BNYM a few months ago, after forcible attempts to change my role. At the time, I was in shock, and couldn’t... — read more
If you think because you are working on a special project that you won’t get let go, I have a bridge to sell you. They don’t care what you are working on, if your time is up, you are done. They will just drop that project of someone who has no... — read more
Things are not looking up despite the change at the top. More layoffs are a given. If you don't want to be caught unawares, you better start networking and LinkdIning today. It is always easier to find a job when you already have one than when you... — read more
You knew in your heart it was true, but didn't want to admit it to yourself. We all thought this was put behind us after 2008. But, it's back, and CNN just made that clear. "US Economy is... — read more
Yep 5 months later i get a box, which is full of sh– from my desk that i did not want. I left it there so they can spend money to send it to me. Removed all my important stuff because the writing was on the wall. Five months later and i am still... — read more
Time to rock the boat by banding together to file a class action suit against bnymellon!
The sub plan does not require signing the “no-sue” clause. So what is compelling to signing away the ability to sue the firm?
For many of you, It’s not a matter of if you will be terminated, it’s a matter of when. If you’re in a high cost center and we’ll paid, you’re a target regardless of your performance. Be prepared. You will not be able to access anything on... — read more
Town hall today with Todd and Mike. Question from the audience about the severance package, and how there is no lump sum payment and how it disappears once the laid off employee gets a job. Todd and Mike dodged the question, saying they didn’t have... — read more
I recently was offered a job in Ireland. This was my first job out of college. Accepted the job and joined. Was told my salary was competitive. Now realised that my salary is 53% less than what my friend started on in competitor bank in same... — read more
The organisation is in the bottom 8% when it comes to remuneration / benefits in the financial services sector. This cannot be papered over by false sentiment and statistics at a townhall. Pretty shocking really how employees are treated. Very poot... — read more
They are purging management ranks https://www.thelayoff.com/u-s-bancorp
I’m sure we will all be insulted and berated, as per usual. Can’t wait!
Did anyone read the article on Goldman Sachs cutting salaries and benefits? Guarantee when BNYM has nobody left to lay-off or send to India this will be our next strategy to keep the shareholders and board happy! Not like they haven’t done it to us... — read more
Recently, several associates who were let go and have not yet found positions were notified they are eligible for TAA and TRA. You can find general information about the program at https://www.doleta.gov/tradeact/. Specific details regarding the... — read more
Apparently the lists are almost prepared. Global impact across a multitude of sites. EMEA to cough up 7% for chop.
Feels a lot like the joy of driving a high mileage Saturn Ion. You just keep driving down the road listening to all these bizarre sounds coming from under the hood. Not much you can do about it but keep on driving, and wait for the end to come when... — read more
What will be the excuse this quarter?
There is so much age and gender discrimination in our department and through out the company. Experienced, loyal employees in their fifties and older are being pushed, their work taken and given to young unexperienced coworkers, mostly men, often... — read more
Wow just got word of absolutely massive round coming with ~2,500 in the next 2 weeks
Any thoughts on the Program Management town hall with CD? Lots of growth, especially for Lake Mary /Orlando and, to a lesser extent Manchester, India, Brazil. In fact, CD said there would be growth in all locations, except for staying flat in a... — read more
I've read the rumor of Dec. 2nd. But we have had layoffs the same time as Francis Barney meetings. Since we have another meeting this month with her and since no layoffs have happened in months, I am curious if anyone has any information if layoffs... — read more
My life is fine right now, so before I hear any useless response that this post is sour grapes, let me stop you now. Yes, I was laid off this year after a long stint at BNY Mellon (aka dump). Now, I see the individual (Charlie boy) to all my... — read more
Our team struggled with our manager. A young, c—y first-timer he didn't support us at all, and was often "working from home" but not logged on for days at end. He played favouritism to one guy, and the two of them belittled and bullied the rest of... — read more
Managers are supposed to be making a fair assessment to filter out low performers vs high performers, however, besides doing this properly, they put their ego first and did the opposite. They retain all the freshers and low performers and kicked out... — read more
What’s next ? How many are left ? Under 250 ?
Can anyone speculate Just how fast your beloved "Chainsaw Charlie" will move to start layoffs after he starts at Wells Fargo on October 21?
Somebody mentioned in another thread that some people were laid off without severance in one of the latest rounds - is this true? What's to stop them from suing the company? Because I know I would if that was to happen to me... As if I didn't have... — read more
Even though I can’t say that I expect for things to get better in any way, whatever the leadership does, I’m curious to know what do you think the company direction will be after the new leadership takes the wheel. More of the same or something... — read more
As expected. New head of HR tried to impress everyone with her “serious” analysis skills and how much work she did on the company before joining. After all, she is really used to working in a tech environment, not a BANK. With her moral... — read more