Bank of New York Mellon Corp. Layoffs

Topics regarding layoffs at Bank of New York Mellon Corp.

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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Post ID: @137VsZsq

SHARE price .....dropping

So after all the talk about management being good, bad or average. .....its quite simple. Judge them on their own performance......share price down 14% in a week. Horrendous company strategy leading to very poor results. And now on top of that they... —  read more 

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Post ID: @137NuEnp

Who has found a new job?

How many who were laid off have found a new job? Are you 50 or older? Did you find a job outside the financial services sector?

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| 527 views | |
Post ID: @137DIlPX

Amazed that so many remain here

Don’t quit, line employees. Update your resume and get a reality check while you wait for the severance package. You’ll have a plan, whatever happens. Managers, have a different problem. The company is forcing you to comply with unethical and... —  read more 

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Post ID: @1365yaOB

Below Expectations

So what does the impact of Below Expatations have? Answer: it has none as its a mickey mouse effort.

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| 569 views | |
Post ID: @135EYn3q

More managers in India than in US

With the new requirement that employees in India should have local manager more become managers in India without deserving it, just because they are in the right place right time and US managers/employees are being laid off. Even more, senior... —  read more 

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Post ID: @133kZ0Lf

Thanks

to those who have inside information about lay-off dates and share it here anonymously. It helps to be mentally prepared.

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Post ID: @132i6aa1

Laid off this week

I was laid off along with several other senior people in my group this week. I saw this coming from a mile away: First with the announcement of an "exciting" new team of 150 volunteers who will save the company money by working 12 hour days to... —  read more 

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Post ID: @132YWgTx

Dec. 16th & Jan 14/15

"I heard from a very credible source (my direct - Senior Management) that individuals with BE.. and even achieved ratings will be targeted the week of Dec. 16th and also Jan 14 and 15." Told YA...

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Post ID: @132YS0eV

No confidence in our leadership

The highly successful software company that I was a part of was acquired — and became part of the greater failure that is BNY Mellon. It’s been downhill ever since. It’s as if a clumsy gorilla (BNYM) picked up a Stradivarius violin (our business... —  read more 

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| 963 views | |
Post ID: @132EcS3e

Seek legal action

If you guys are all smart, you’d seriously seek legal action. We were all told that PMP ratings would no longer have impacts like they used too if you achieved a below expectations. Now that they need to cut over $10MM, yes this is correct, they... —  read more 

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| 1035 views | |
Post ID: @132nRzfj

Greed, Duplicity, and Incompetence

These are, apparently, much sought after qualities in BNY Mellon senior management. More people shown the door after being humiliated via dishonest reviews. They have taken unprofessionalism to new lows. Profit isn’t a dirty word, but... —  read more 

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| 569 views | |
Post ID: @131qL1C1

Laid off today

Pershing plaza in it 2 wks notice and 2 weeks for each Year sec pay as long as you accept the terms

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| 1885 views | |
Post ID: @130XUTex

What this company did is unforgivable

What this company did to so many long term, hard working individuals is unforgivable. They are heartless and deserve the worse. I don't want to hear that I need to wake up and realize this is the state of financial institutions today. They showed the... —  read more 

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| 1491 views | |
Post ID: @130pfS28

240 Greenwich Street

In addition to having to work in one of the most horrendous, disgusting companies in the world with nothing but absolute fluff in positions (undeserving titles) I have to address 240 Greenwich. What a dump. The whole open space working environment... —  read more 

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| 1777 views | |
Post ID: @12ZVwJ9j

Lost everything!

I was laid off at 59 years old. Now I have no medical, dental or life insurance. I find out today that cobra insurance cost 600 a month and life insurance will cost 250.00 a month! How is a person supposed to do that? They screwed us very badly. ... —  read more 

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| 2287 views | |
Post ID: @12ZzAPXa

The end of the bonus culture.

Compensation will be a last frontier in the onslaught of technology on finance. —— https://www.bloomberg.com/news/articles/2020-01-13/traders-unlearn-bonus-culture-as-machines-invade-wall-street The End of the Bonus Culture Is Coming to Wall... —  read more 

Con artist will NOT be laid off

Even if there will be lay-off , those who are honest and brave will be shown the door, BUT cunning and con artist will still survive till the doomsday!

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Post ID: @12ZxHeoi

Genuine layoffs?

Does anyone have evidence of layoffs scheduled for week beginning 13th ? Or is it all speculation? If true what is the evidence and what locations impacted.... USA, Europe, India.... ??

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| 2069 views | |
Post ID: @12YrWNOO

Layoffs happened today

Several Are gone today in Tech. To be continued not just next week but through the year. There is a trend to oust legacy employees.

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| 1079 views | |
Post ID: @12WvpDux

Bony Mellon

To those recent college grads in need of a job. Take Bny Mellon off your list. They’re shipping jobs to India, the pay is brutal, and upper management, out of boredom, makes you complete irrelevant tasks. My group of 30 got got knocked down to 13... —  read more 

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| 1459 views | |
Post ID: @12UtSNZN

Is it really different elsewhere?

I understand that the situation here is bad and people have had enough, but do you really think it's better elsewhere? Name a bank with better working conditions that BNYM? I'll wait. You can't because this is it. This is industry-wide, and... —  read more 

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| 1403 views | |
Post ID: @12Sd2vOF

Nepotism at its finest !

How many managers you know who has friends in high places that could get the work done easily . How many Manager go on smoke breaks half of the day to discuss strategy with their teammates and during these breaks the teammates one of their... —  read more 

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| 1377 views | |
Post ID: @12RRjP7w

What are the repercussions of not signing off on the review

I was researching online and i saw somewhere that you may not get unemployment benefits if you don’t sign the performance reviews. Does anyone know if we don’t sign off if we don’t get our SUB pay & unemployment benefits?

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| 904 views | |
Post ID: @12M5gsNV

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