Buried to today’s Corporate Policy Update, effective January 1, 2024: “Employees will no longer receive pay for accrued, unused vacation upon termination of employment unless due to health of an active employee or as otherwise required by applicable... — read more
BNY Mellon is a huge McKinsey experiment now.
Robin invited McKinsey in to redesign the way the bank works. He and Dermot are sitting back and watching how the chips fall. No care at all for the careers they destroy along the way. We’re only lines in a spreadsheet to them. Maybe they’ll succeed... — read more
5 days starting in january
are they not going to give us any heads up or what? oh hey come in 5 days starting next week and make sure you find childcare!
Do you agree those click through online tranings are waste of time in BNY?
I basically can't learn anything from those click through online trainings. I can just screen shot and click them through to get a passing percentage.
Why has this been the lowest layoff year for BNYM in 40 years?
There has to be a reason… Thoughts?
Question
How many on here actually perform like they should ? You know hit your goals, have good attendance, know your job etc etc? Because all I see is mgmt blamed . yet as a mgr I’ve had to become a babysitter to adults who don’t follow rules, direction... — read more
Trying to understand
When I joined BNY, I felt motivated, challenged and inspired by Bank’s unique position in global financial markets. But by the time I left, I was equally demotivated by cliques, favoritism, lack of new projects in my department, overhiring during... — read more
Numbers for next year
For my group - 20% First names to be given one day before thanks giving.
Procedures
anyone else notice the constant push and nagging to make sure procedures are out there and up to date? Now theyre in a site where if you delete it , it’s still accessible no matter what. This place is prepping to make sure when you get fired, some... — read more
We're just a number to them
The sooner you figure and accept that, the happier you'll be.
Be frugal this holiday season
Save as much as you can. Layoffs are not over by a long shot. We all love holidays, but if there was ever a time to not spend unnecessarily on that big item or trip you really don't need, this is it. I'm not being a Grinch, I'm just worried with good... — read more
Did anyone get impacted in last one month ?
Are there any numbers ? is there any clarity on which department got impacted ? any specific details.
Citibank laying of “tens of thousands”… is BNY next?
are mass layoffs coming industry wide?
EMEA colleagues tend to be more insufferable
Don't get me wrong, I've worked with a number of great colleagues based in EMEA and I would say most colleagues from EMEA are pleasant to work with, but of all the unpleasant, arrogant, or true deadweight employees, more tend to be based in EMEA. ... — read more
Woodland park office closing by Dec 31,2023
From valid sources
240G asking for ID
Why isSecurity asking everyone to show IDs when entering the building at 240G.
Our reputation is suffering
Soon we won't be able to hire new people for positions that desperately need filling. Think about it, who'd want to jump on board with BNYM at this point? I mean, seriously, look at our reputation right now - everybody knows management is... — read more
It's difficult
I'm an older worker. I've been there over 25 years. The work is just mentally harder for me. I'm not quite at retirement age, but I do wish they would lay me off. I live in fear of getting a BE and being terminated for cause. Humiliating. I try my... — read more
Researching your next workplace
Did you ever accept a job and it turned out to be nothing like you expected? I did, and I don't want to do that again. After joining BNY Mellon, I realized figuring out a potential employer's vibe beforehand is crucial. I'm still not sure how to... — read more
Resignation questions
I have a couple of questions about resigning around year-end: If we have a 30 day notice period, does BNYM have to pay you for that full period if they ask you to stop working immediately? In my area, most people are asked to stop working... — read more
So what ever happened to the November layoffs?
They were seriously hyped and widely feared for months. Was it really only a prank here?
Raises
When are raises communicated to the employees? Are the raises percentages determined already? What is the numbers this year?
There is no future at BNY Mellon
With so many layoffs, the culture that is turning from bad to worse, and management that has no idea how to solve the mounting issues, I think it's now patently obvious to everybody that there is no future here. At least not for those of us who hope... — read more
Bonus cuts
Any managers can verify that this years bonus numbers are in shambles?
Many of us would have volunteered
People who wanted to stay are gone and those of us who were hoping to be laid off are still here. I wish we were given an opportunity to volunteer.
Is this round over?
I did not hear of any more today layoffs today. Is this round over?
The value of In Office Collaboration
One of the most disheartening aspects of in office collaboration is the degree to which people dismiss the benefits of inter-office collaboration. I’ve worked with people face to face at BNY & Mellon for four decades and formed many close bonds... — read more
240G - badge swipe Lobby or Floor?
Does anyone know if a badge swipe in the Lobby of 240G is enough for office day credit as I someone held door for me on floor recently and I forgot to go back and swipe myself. Thank you!
It's not over
It's never over after just one day. I'll be happy if it's done by Wednesday, instead of dragging on the whole week.
Number
For all the managers, how is the numbers?
Resources thread to find a new job
Starting a thread with resources to find a new job. Being prepared is half of the battle! Feel free to add resources to help our colleagues who are starting a new job search - be courteous!
Laid off
I got laid off today and none of my questions were answered by my manager - I was directed to an email address to contact HR. I've also been warned they might take a while to respond. Perhaps someone here knows: How long does it take for the... — read more
BNY Mellon Core Guiding Principle: No Law? No Problem!
All those people who relocated during covid got a free pass on RTO. I thought custodians were supposed to have a sense of fair play, of 'doing the right thing'? Oh, wait, that only applies to the legal aspects of holding or managing somebody's money... — read more
30 Tips - Improve Your Cover Letter (Banking Industry Version)
Took this from Truist's board, they are also having layoffs today. Here it goes: (1) Tailor to the job: Highlight relevant banking experience specifically. (2) Use keywords: Integrate terms from the job description. (3) Professional tone:... — read more
Project Bora Bora
Here is another massive cut in the neighborood: https://www.cnbc.com/2023/11/06/citigroup-considers-deep-job-cuts-project-bora-bora.html The corporate overhaul, known internally as “Project Bora Bora,” has employees on edge. Managers and... — read more
Swipes - need to log into work PC
Can anyone confirm if they only count a swipe if you log into your work PC? If so, is there any min log in time?
Severance pay policy in the UK.
Could anyone provide information on the current severance pay policy in the UK? In the past, it was typical for employees to receive a severance package of two weeks' pay for each year of service with the company. However, I've recently heard a rumor... — read more
BIPAC Donations
Does anybody know what our annual contribution to the BNYM BIPAC should be? In the past there were published guidelines. As an employee I’d like to contribute as what’s good for the Bank inevitability winds up helping employees. We all benefit here... — read more