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
Topics regarding layoffs at Bank of New York Mellon Corp.
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 Few talking heads and lot of outdated managers, and a ticking time bomb, due to ever evolving technology and organization like BNY...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
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
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
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.
My team in Manchester, UK have been informed today that colleagues throughout EMEA would be getting notified about redundancies 'throughout' this week and be mindful when speaking to colleagues in case they are impacted.
You guys are lucky... Wells Fargo employee here. We have your former CEO, Chuckie chainsaw Charlie. He's putting gasoline in his chainsaw and he's revving it up on us. Be lucky you're rid of him.
Todd Gibbons, the accidental CEO....... soon the EC will chew him up and spit him out also. As it turns out, Charlie was smart to get out while he could.
Layoffs happened and are still coming.... but make no mistake, so are the lawsuits against the bank! People have had enough!!!!!!!
By now everyone knows after years of service the conversation was: your job has been eliminated here’s a link to the portal. The portal doesn’t work. Two contact names are given. Called Wednesday, still waiting for a return call. Many of us... — read more
We lose people to layoffs and attrition, nobody is hired to replace them, we take on their work in addition to ours, no pay raise follows, and then rinse and repeat. That's been going on for years now. When will it finally end? When we all break down... — read more
More cuts on way...many covert cuts done. There are people feeding in to management in the UK to advance their own careers (I believe they are called "rats" in some sectors of society). That is the culture created in Ireland due to poor management... — read more
What % bonus should you likely receive on: exceeds meets
I joined BNY at the end of 2019, so wasn’t eligible for a bonus in 2020. I (like many others) got a bogus BE rating on my year end review after getting a glowing write up and being told I’m on track and doing everything right. Anyways, with a BE... — read more
Any idea why there is no NYW WARN filing? https://labor.ny.gov/app/warn/
Instead BKNY will wait until it’s at all time high, running rampant. Enjoy your week Todd ? Feel good ? Nice bottle of wine with dinner. Do everyone a favor and RIF yourself.
Anyone know if the salary bands are available anywhere? These being regional, US, Europe, APAC etc
I am helping my niece to find a new job. She is a young accountant and was just laid off from BNY Mellon. What you don't know is that for the past couple of months, she and her colleagues were forced to train their Indian replacements. I don't... — read more
Any ex-employees here who were laid off this past Monday and have been denied severance? If so, for what reasons and how was it communicated? That seems really low!
Was brought in on a to-hire contract this past June. Our dept spans 2 locations (Pittsburgh, Boston). 7 people have been fired/left/“left” in the past 7 months. I was told that if a full time spot opens I’d be offered but now feeling a little... — read more
Letting people go with no warning - speaking of the job elimination, not BE’s. People here 20, 30 even 40 years without being able to say good bye was bad enough. Now we are simply given a link to a portal, a portal that does not work. And... — read more
What happened to quality service? Everything has been given to India. They run our web exes , run help desk and cannot figure sh– out. You cannot understand a word they say and they have no clue how to do the work but let’s let go all the people... — read more
Heard that BNYM will do a hiring wave in February now that current layoffs are underway.
Curious as to how BNYM gets away with blatant age discrimination. Maybe by keeping Todd. Trying to think of a worse way to let people go. Send them a link to a portal that does not work and have them go figure it out themselves. Nice work Todd. — read more
If you were lucky enough to still be employed after this week brace yourselves. More layoffs slated for mid March, June, and September. Might as well rename the company Bank of India at this point. At least Todd and his elves will get to keep their... — read more
Anyone have inside information of when the next round of the hunger games begins?
Who remembers Todd saying we would make the separation process more humane and allow people to leave with dignity ? This round couldn’t be farther from that. No HR person, your manager sends you a link. Good luck getting into the link and good luck... — read more
Achieved all my goals in 2020 and contributed to a major project that went live successfully. Yet got a BE rating. And surprisingly I have not (yet) been let go. What does that mean? Am I shortlisted for a future layoff? Is this a ploy to make... — read more
Hoping that yesterday was the end for this round. Does anyone no if it is?
Merit/Bonus 2021 - discuss
I survived this latest round but after seeing how many loyal employees this company has once again screwed over I really don't want to be. These were all good employees. Well, now they've lost another one. I'm giving them my bare minimum from now on... — read more
Or was yesterday it?