I gave my notice yesterday! In 3 weeks, my BNYM nightmare will be over. I accepted a job elsewhere offering more money , and it's a less stressful position. I've been with bny for 9 years now, and I have weathered a few storms and many rounds of... read more
Topics regarding layoffs at Bank of New York Mellon Corp.
Anyone or it's just be being crazy? Maybe I need to have a pint of beer to relax myself..
I actively monitor my linked in profile so I know that a BNY Mellon Compensation Analyst viewed my linked in profile this week. Today, I happen to notice when I go to book a meeting multiple attendees in outlook I can see availability for myself and... read more
Since most of us are still shareholders even though laid off (particularly the older people like me), we still technically hold stock via the ESOP/Pension. I got the Annual Meeting 'garbage' today. Naturally I will vote AGAINST everything the board... read more
Why was it taken down?
When one is tasked with setting up a project so that it is properly researched, and then handed off to the technical team, where everything has been reviewed and approved (and even when there are some minor last minute changes) you would tend to... read more
We have a wrestling tournament causing parking and tracking nightmares. We have a high profile trial that could result in protests or riots. If management had any common sense, they would have encouraged working from home Thursday and Friday.
ust thinking out loud. We couldn’t be a serious company in the industry with a much more knowledgeable and experienced workforce. Who the hell is gonna take us serious now, with a bunch of newcomers and outsourced departments.
mid-2018 we were told that to get ahead of the changes that BNY was implementing for WFH (which really meant that BNY wanted to eliminate this) we were to be in an office at least three days each week. Later in 2018 that changed to be four days per... read more
The subaccounting business in KOP has been standing around with little new work to do since January 1. Very little work is being handed out to us and we're mainly working on small items or finishing up with projects previously written up. Very soon... read more
Why are most of the people being laid off above a certain age? What I'm seeing is a clear case of age discrimination - and yet I don't see anybody talking about it. Why is that? If nothing else, media should be on this - and we are not hearing a... read more
The wrong people are getting displaced. They should displace the levels of IT management who created the chaotic atmosphere we work in today. You know the ones. The ones who are draining every ounce of energy from us with their pathetic and... read more
I guess they have to complete by quarter end.
It's like the managers are slowly being snatched and replaced by beings who are cunning, deceitful, secretive, dishonest and ruthless.
Dont bother discussing employment issues with HR. Good old HR, the yardstick of morality in employee relations? Do not believe that for a second. Beware of our HR staff, they are fully aware of the poor and sometimes unethical practices from our... read more
I know this was deleted on a few places on this board, but I tend to think that a possibility of that happening has never been bigger. It’s almost as the leadership has already made that decision and are clearing the headcount to make the company... read more
Is it just me or does it seem that the only people left at BNYM are those who have not yet been hired by other companies? Everybody I know has already been laid off, left on their own or is looking for a new job. Literally everybody. I'm just... read more
Here in the US, it seems all top management positions are being taken by ex-JPM staff. Is a merger on the cards?
How's the overall situation in BNY ? Was it this bad in 2008 ?
I am a unit manager and I do not agree with any of the changes that are being made . but like another commenter said, I have a family to support and I can't just up and leave the job. It's not about having morals or not having morals, it's about... read more
Will the next layoffs be in a manner that they are targeting specific workers of departments? Hard to think we can bare to go through another big round in which they cut workers from basically all locations an with various job descriptions and... read more
Massive job cuts coming in remaining days of March ! Watch out ! Any more info on this? Are you just guessing or did you hear something concrete about this? I'm just so tired of constantly stressing about more layoffs that I'd really like to stress... read more
To the managers not taking a moral stance against the wrong doings, it makes you compulsory and just less of a decent person, in my opinion. You haven't refused to follow direction to purposely manufacture situations that disparage employee... read more
the business world has been taken over by two big ideas in the last 30 years. The first is that companies should solely focus on increasing their stock prices, and the second is that, to make chief executives care more about this, and attract the... read more
One of the nominees for the board of directors is the CEO. It may not change the result but the number of voters may show overall sentiment.
Get out now, with no guilt. Things will get worse before they get better. You have to look out for yourself, your health, and your family. Stay in touch with those you are fond of, and have faith that you made the right decision for your sanity... read more
So I've been applying to jobs and going on interviews outside of bny. At this point the job is affecting my health, that's how stressful my day-to-day work is. I supervise a team of 30 and it's just too much. I work 12-hour days 5 days a week and I... read more
Over the last 4 years, insiders at Bank Of New York Mellon have traded over $1,056,607,212 worth of Bank Of New York Mellon stock and bought 546,900 units worth $30,460,158 . The most active insider traders include Edward Ptrian Fund Manageme...... read more
Two ways to look at it if the numbers are not good. Either they wait until earnings date to announce further layoffs to soften the blow. Or, layoff now before earnings to write the losses off as a restructure charge in this qtr. -Either way not good.
Upvote this post if you have been laid off, or think you will be laid off due to either (1) an iNautix person or someone in Poland is taking over your job .... or (2) a millennial is taking over your job or is your new manager.
My 2018 manager was one of the many middle managers recently demoted. My new 2019 manager was formerly my 2018 second line manager (the manager of my 2018 manager). Anyway my new 2019 manager says that he is too busy to meet with us individually so... read more
BNYM is a big organization and we all know that the general opinion of the leadership is that there is a lot more fat to be trimmed. But what does that mean exactly? What headcount are they trying to achieve? How much more layoffs before they say... read more
From the BNYM website: https://www.bnymellon.com/us/en/investor-relations/index.jsp#meetourboardofdirectors "Communications with Lead Director: Any interested party, including shareholders and employees, may communicate directly with the Lead... read more
She needs to go. Hopefully the board will not renew her contract. She has accomplished nothing.
Whoever is picturing these layoffs as part of some plane restructure or a strategy i sadly mistaken. There is no strategy, no pattern, no method, they are laying people of wherever it is possible in a panic urge to save cost and keep the company... read more
It occurs to me that this slashing and burning and the share buybacks is probably chainsaw Charlie doing exactly as he was told.