First up, Asia colleagues, let us know how it goes!!
Any news on the 401(k) front for those of us laid-off?
Do we really have to wait until BNY decides to send us some documentation via mail or is there anything we can do beforehand?
Bonus / Comp reductions
I am hearing changes have been made in Oracle to reduce people’s bonus and comp for staff. It’s a joke to read the “managers have to own the conversation” and can’t say that’s the decision was made by someone else. God help us all in BNYM. This is a... — read more
Has anyone gotten their 2023 merit increase?
My manager said the range was 0.0% to 1.5% which is almost unimaginable in this economy. Is that company wide or just my department?
In recent days we have learned…
In recent days we have learned… employees have never heard of MyReward. employees with direct deposit believe that their personal bank has their paystub employees don’t know how to see and/or save their paycheck employees don’t know... — read more
Pay raise over the years
I am disappointed with my pay, especially when I consider how much experience I have and how overworked I am. I've been here for a long time and my responsibilities and overload have grown much more than the pay. If you feel comfortable to share, I... — read more
ESPP Plan and Taxes + Fees
So if you opt into the ESPP plan and you look at your pay stub they treat the 5% discount as additional income. Then I guess you have to pay capital gains on the stock if you sell it immediately, then Fidelity charges $15 plus 2 cents a share to... — read more
do you feel bad for Xooglers?
i see a lot of linkedin posts from s-b storied, entitled people crying about them getting fired. boohoo no more free lunches or 200k salaries along with free laundry service. the people fired from lesser known companies should get awareness as well. — read more
I stayed here too long
I can't be mad at BNY Mellon for making such a bad decision, it's my own fault. I believed in many false promises over the years. My former colleagues who left this place made fantastic careers at their new companies. Do you too sometimes wonder... — read more
401k debacle is finally in public view
https://www.post-gazette.com/business/career-workplace/2023/01/30/bny-mellon-401k-overhaul-retirement-employees-matching-accounts/stories/202301290054
MEGATHREAD: Filing (or not filing) Unemployment
OK gang - for those whose last day as and active employee was Jan 27 - today, January 30th is the first day eligible for filing for unemployment. Let's share experiences and what we are seeing and doing, in that it potentially affects sub-pay. .. — read more
Were you laid off? WARN Act
The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more
If you're using your SUB payment to go on a long vacation...
be careful whom you share that with. Technically, you are to receive your SUB ONLY while eligible for unemployment. Not looking for a job? Then you are not eligible for unemployment and therefore no SUB payment either. I've no idea how strict the... — read more
Promos
Promotions… Is there a significant increase going from a L (vp) to M (Dir). Is the bonus structure any different? I hear it’s a difficult process to be promoted between these levels.
Merit increases
What is the merit increases this year bank wide?
When are bonuses available to view on MyReward or Similar
Hello, 1st year with the Bank and operate fairly siloed from my manager. When will bonuses be available to view on MyReward? I believe they are paid in February but have no idea what to expect or any details at this point. Thanks in advance for... — read more
So much turnover at the top of the house
I've been with the first since 2010 and we've had 5 different CEOs. In my current role, I've had a different senior leader every 6-9 months. What happens is many of these senior leaders try to solve problems that don't exist and in turn they create... — read more
This is not the way to build a high performing culture
If the leadership wants good results and a high level of growth, then what they are doing will certainly not accomplish any of that. In fact, the question is whether they want it at all... BNY Mellon is stuck in the past. Layoffs made the already... — read more
XBK?
What's XBK? See it in the news a lot today.
Comp Day
Heard Feb 8th. Anyone else heard of anything?
Was Davos Really Necessary?
Just listened to Robin shilling on CNBC from Davos. The company has kindly put this on the website. In the interview, he discusses the necessity of layoffs given the expenses increase the last two years, where layoffs were resisted because of the... — read more
People should finally accept it
Regardless of what anyone thinks is ethical or not, all of us here are just numbers on a spreadsheet. Unfortunately, for BNYM, no one is special and irreplaceable. Why is it so hard for people to accept that? It sounds harsh, but I think that the... — read more
Custodian bank !
BNY is looking to suck every penny out of Custody business. Well said ! The good question is how long we can let these Zombie companies run their operations in Corporate America and US economy ? Is the Fed not Fed up ?
This place is a joke, and people are sick of it
We're all tired of the way this company treats us. Nobody here cares about employees. No wonder they can't find anyone who will work here to backfill much-needed positions. Everyone knows by now how terrible BNY Mellon is and is staying as far away... — read more
Question for Leavers RE TMS Login
HI all. For those who left a week ago now....has anyone tried to login to the TMS portal? The place we will (in the future) make our bi-weekly attestations? I just tried to login using my employee ID and home zip as the instructions state and I am... — read more
Unemployment in NY vs NJ
Boy are we getting screwed left and right. If you live in NJ but work in NY you have to file with NY unemployment. Maximum weekly pay in NY is $504 while max in NJ is $804 You pay all this money for "new york city" tax and you get almost $200/week... — read more
Salary Bands per Grade and Location
Does anyone know if this is published anywhere internally?
People have lost hope that things will get better
Those who left mostly say that at their new jobs they face more or less the same issues as they did here, but they are paid better. They left BNY Mellon when they realized that things could only get worse here. Is it really possible that no one... — read more
How long are we safe for?
Any thoughts on how long before we can "look forward" to another round of layoffs?
Why is so much leadership based in Ireland or from Ireland?
Look at ASD - all the main product heads are Irish. Operations has(had) its fair share of people either based in Ireland or came from Ireland. I'm not complaining about this, but it's such a crazy coincidence. What made IRELAND of all places the... — read more
I don't believe people really think that way
Regardless of the fact that this place is no longer what it used to be, I don't really believe those who say they would like to be laid off. Why would anyone want that? Isn't it better to find a new job while you still have a job, which is viewed... — read more
How much money do you make?
I’m all for salary transparency. I also have no idea what is a normal salary. But I see people say BNY doesn’t pay that high and i feel like i get compensated pretty decently. I’ve been working for under ten years and I’m a level k, making 135k and a... — read more
Are they done yet???
Are layoffs now done for this round? some higher ups from my department are in Pittsburgh from NY. Wondering / Hoping they have an ax in those travel bags.