Bank of New York Mellon Corp. Layoffs

Topics regarding layoffs at Bank of New York Mellon Corp.

H.R.3624 - Outsourcing Accountability Act of 2019

Please ask your elected officials to support this important legislation to protect American jobs According to this article, five US senators introduced legislation that would require companies to report the number of employees, by state and country... —  read more 

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Post ID: @113TUI1T

Is the BE rating strategy being abandoned?

Surprisingly, I recently heard that management is backing away from the BE rating strategy. Were a lot of people rated BE at mid-year? And are there any managers or anyone else reading this who can provide an update on the strategy going forward... —  read more 

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Post ID: @113Mb2YH

BNYM not committed to employee development and growth

I know this has prob been said before, but it bears repeating, bnym could care less about your career path or your professional growth. This is a company that just cant be bothered, unless you are one of the few that's actually in a good position on... —  read more 

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Post ID: @1122CEUk

How does the BE and layoff package work?

Spoke to a lawyer who represented bnym employees who was rated in lawsuits against the bank and the terminated. They won the cases but how do bnym determines this? Clearly we all know they are eliminating long term employees and trying to avoid... —  read more 

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Post ID: @112SvYa8

BNY Mellon Stars

I am curious to understand how the entire Star Performance nomination process work . Do managers handpick these employees to be the next role model of this company . Do they assign projects to team mates as they require sufficient approvals from the... —  read more 

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Post ID: @110C26Qm

HBR on toxic companies

Something our CEO and other chief officers should read. If they care. https://hbr.org/2019/08/are-you-enabling-a-toxic-culture-without-realizing-it?

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Post ID: @10YxXLfs

Please Read-A Word Of Advice

Remember the following line: It’s not a matter of if you will be laid off, it’s a matter of when. They are coming for you. If not this round, then the one after. You are an expense and have little value to the company. Be prepared. Print... —  read more 

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Post ID: @10W4d6VC

Chuck in Ireland 17th Sept

Chuck and the crew in Ireland 17th September, any chance they plan to close an Irish office, place is overstaffed in a major way

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Post ID: @10TGv3wJ

I know you don’t know me

I received my last sub payment at the end of July. I haven’t been successful in finding a new job yet. I will be losing my home at the end of the month because I can’t afford to stay there on unemployment and a part-time job. Can you please keep me... —  read more 

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Post ID: @10TJ1NfK

What is really going on here?

I’m sitting at my desk listening to management openly talking about interviewing candidates for positions while joking about it. All this after laying off four people within the last few weeks. Really great for morale!

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Post ID: @10TAG63r

Simply stated

Simply stated and to the point... BNYM just sux. By far the worst place of employment I have ever worked at. Good luck to all of us that we find something better.

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Post ID: @10T9k1vg

What would you do?

If you were in upper management, what would you do/programs would you start to improve the company? See a lot of criticism but want to know if anyone has ideas to improve.

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Post ID: @10SLGSlR

Is it just me, or have the layoffs stopped for awhile?

I’m not naive to a point that I believe that the layoffs have stopped completely.We’re a big company, and knowing how things stand right now, they’re surely happening somewhere, but there has not been a larger wave for some time now. Does it mean... —  read more 

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Post ID: @10SlRaun

Personal belongings

Question....so for those that have been laid off, are they taking out money from your final check or your sub pay when they ship you your belongings via mail? Just curious.

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Post ID: @10SO1W7Q

Pittsburgh Propaganda

This weeks propaganda focuses on the employee appreciation snack break. Constant fear of losing your job or receiving an undeserving BE rating is a negated by a smiley cookie Also, they were looking for volunteers for “doors open Pittsburgh”... —  read more 

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Post ID: @10RNrf0r

Mass layoffs in the last quarter of 2019?

An I the only one that’s scared going into the last part of the year? Don’t have any special info, just a hunch that there are going to be mass layoffs in the following months. After all the leadership is likely to want to go with a lesser workforce... —  read more 

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Post ID: @10QRDtb0

We should rename BNYM to Titanic

We are headed straight for a disaster and the management seems to be oblivious to it. Titanic seems like a rather appropriate name in this situation.

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Post ID: @10PgY5TR

JPM

Why have so many staff joined from JPM? Not good enough there or head hunted to join BNY by their friends?

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Post ID: @10ODLFfy

Unbelievable

Having read posts on this website, it's as if I have written them myself. How can an organization be so dysfunctional that it's the same every where. It's like all the dregs of society have gathered to make life miserable for others.

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Post ID: @10NDXX1f

Elimination of all Admins?

Heard that Chuckles is looking to eliminate all admins back wide. Didn’t believe it until I heard one region just announced elimination of all admins. Here’s an idea, instead of getting rid of a $35k a year job let’s eliminate one position on the... —  read more 

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Post ID: @10Mf11GG

Successful change needs TRUST

To implement successful change, employees must TRUST the organization. But how can we do that when continuously s—er-punched by BNY policies like BE quotas and layoffs that affect the people that remain? BNY will never be successful without... —  read more 

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Post ID: @10MkRbVU

What Really Matter to CEO? $42 million Q

If CEO is terminated due to Change in control he gets $42 million. Looks like the compensation committee at the company has given him all the incentive to sell parts or all of the company!

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Post ID: @10M2HLg4

So Many Unhappy People

I’ve been in IT for 25 years. Worked for this company for 5 of those years. I can honestly say that I have never seen so many unhappy, fearful employees during my entire career. Very sad to see what our new executive management has done to this... —  read more 

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Post ID: @10MfgV8C

Revolving door

Funny anecdote heard from someone who was at a biz review with Chucklehead... we're hiring more salespeople to grow our business. We have already hired 7 new people so far this year! (What was left out was that 6 salespeople quit YTD as... —  read more 

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Post ID: @10MddZzS

Can we get an update from people who were laid off?

It'd be nice to get an update from people who were laid off in previous rounds (and we know a lot of them still visit this forum based on other posts) on their current job status? Is it harder or easier than expected to find a new job? I know... —  read more 

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Post ID: @10Lm6QR4

Who could buy BNYM?

It’s obvious that this company is heading downhill and that it will be hardy able to stand on its own. Is it possible that some other company buys BNYM? Who are the prime candidates?

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Post ID: @10LHyjyD

EMEA

In my team there are so many people off sick due to work. The manager heading this team was a disaster an absolute waste of space. We had a great team but he managed to destroy the team and then changed roles. That didn't stop him from sending work... —  read more 

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Post ID: @10KgrQeS

Tired of destructive Management

In my team there are so many people off sick due to work. The manager heading this team was a disaster an absolute waste of space. We had a great team but he managed to destroy the team and then changed roles. That didn't stop him from sending work... —  read more 

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Post ID: @10Khgb2Q

Are some offices going to be closing any time soon?

First of all I want to say that I haven't heard anything about any office closures that are planned, so it’s not my intention to raise panic. However, the way I see it, there have been a lot of layoffs and I believe that it’s only a matter of time... —  read more 

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Post ID: @10KIPTqQ

Managers trying to save themselves

Managers Recently in Brooklyn seem to have been trying to pin blame for minor errors on analysts. But at end of day, who approves stuff in NEXEN? Managers shouldn’t mindlessly be approving items in Nexen especially when it requires two/three sign... —  read more 

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| 580 views | |
Post ID: @10KlmoGW

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