I think a day doesn’t go by that someone doesn't mention in some context that BNYM will be acquired by one of the other companies in the banking sector. I relation to that, I wanted to start this thread and get some opinions on how plausible is that... — read more
Topics regarding layoffs at Bank of New York Mellon Corp.
Everybody ready to be insulted — and reminded by our porcine CIO that she would like to see HALF of us gone?
I expect the next round in August will be my wave. Supposing I do get 'staff actioned' and start collecting whatever the package provides, do I lose it if I get part time work? I would be open to taking a 3-4 month 'paid vacation ' but not really... — read more
Do HSA funds stay with you after you are gone from the company? Or for those funds go back to Bny?
As Chairman & CEO at BANK OF NEW YORK MELLON CORP, Charles W. Scharf made $9,383,885 in total compensation. Of this total $1,250,000 was received as a salary, $4,193,750 was received as a bonus, $0 was received in stock options, $3,875,777 was... — read more
If someone asked me this question a couple of years ago, I would find him eather stupid or uninformed, but the way things are panning out,it seems like a valid question to ask now. So, where do you see the company in 5 years time and will the company... — read more
So the guy on the 15th floor is not done yet. If his savage predecessors had not put the long existing pension to bed a lot more long term employees would have left if their own accord. No sub $$ would have been necessary
After 700 laid off so far this year, 49,100 employees as of end of June, compared to 49,800 three months prior and 52,000 a year ago. And BNY says there is a lot more to do. That could mean more layoffs, so plan for the worst, and hope for the... — read more
So a manager in my department is hosting a series of workshops on resume writing. Should this be a cause for concern? It has drawn a large interest from my fellow colleagues but I am not sure how many actually attended the first meeting. Could this... — read more
2 weeks for every year- does this apply if you were given a bad performance review and then fired? Any circumstances that you would not get 2 weeks for every year?
Not really lay off related, but noticing that the CT Sales staff are all leaving for competitors......
Have they not been paying attention? I was talking to a coworker who was completely unfazed by all the layoffs around us, because - and I quote - he knows his years and experience make him too valuable to lose. And this is after we've lost... — read more
We now see a climate where many employees smile at the firm’s specific failures and overall poor performance — because it means the tyrant that has made their professional lives a living hell through his unethical behaviors may be dismissed sooner... — read more
So long Chuck
BNY Mellon results hit by tepid markets and negative yield curve Trust bank says it contended with ‘difficult operating environment’ in second quarter Peter Wells in New York 9 HOURS AGO Bank of New York Mellon continued to battle a... — read more
Earnings was below expectations.
The latest is - Break walls, think enterprise, welcome open offices. And then the lemming continues to regurgitate stuff that Charlie and Bridget spouted off in their town halls So many at this bank can’t think for themselves. And blindly... — read more
Most posts lately are completely off topic. Curious to know if the BNY layoffs are still taking place and if they are, where in the organization. If anyone has any information, please share. Thanks
we got the qtrly email listing excuses as to why Chuck should be rated as BE but instead was given 16 million last year. expenses continue to be reduced yet this imbecile still can’t boost revenue & some lemmings rate his communication as 5... — read more
Or at least that’s the case at my organization. Only the people close to retirement are still there nd a few folks that can’t get a job at other companies. Given that older folks are the first ones on the chopping block when layoffs arriving, it all... — read more
Hear there are layoffs in Europe today. Any evidence of this?
Anyone attend this mornings meeting? Hood and the HR rep discussed the performance reviews and the ratings. He emphasized that 10% of staff MUST be rated Below Expectations. “ No exceptions!” Hood said that anyone that doesn’t rate 10% of staff... — read more
Fintech galore. Partnership. Paradigm Shifts - go watch black magic (source below): Archived video - https://streamable.com/ynuin WATCH: Executives from JPMorgan and BNY Mellon tell fintech founders the best ways to partner with large... — read more
This weeks propaganda continues to mostly center around Diversity and Inclusion. Lemmings eat this up not realizing this is a management tactic to keep us from realizing and talking about everything else going on, such as the massive amount of... — read more
Anybody looking forward to the Town Hall? Attendance is to be made a priority.
So many layoffs, so many of the best people gone... There is no possible way in which this will turn out well, for anybody involved. I'm just wondering how long it'll take those on top to realize that profit at any cost will end up destroying... — read more
We know financial companies are shrinking. Good luck finding a job in a different industry. It might not be retail sales... https://finance.yahoo.com/news/25-retailers-already-announced-close-132806255.html
2nd Quarter results will be below expectations. Top management will blame ‘headwinds’. They will say, “Without our expertise, it could have been even worse. Be thankful. We are ‘superstars’! The precarious employees will; however, be afforded no... — read more
BNYM is plagued by an absolute lack of management talent from the top down. d—beats, dullards and cowards all. No intestinal fortitude to make a rational decision due to fear. Good workers are demoralized by management never helping only getting... — read more
Can't take this political backstabbing hack any longer in asset servicing technology. Let me go!
We are the weekend away from actually receiving our raises we were told about MONTHS ago. Let's pretend that inflation hasn't already wiped out the spending power of our pathetic raises. How are you going to spend it? I plan to put my... — read more
I, for one, welcome our new insect overlord!
So many views... so little comments.
I always felt when I work at this company that we had a ton of lazy individuals who needed to be "layed off" . I am not saying all people but the ones who got laid off in the department were truly bad/lazy employees. Anyone who still works there is... — read more
not much chatter right now, good thing or bad? Anyone hear anything new?
Hello, What are the option do we have with the balance remaining with Benefitwallet ? How long can we keep the balance ? do we need to transfer that at some point ? -Thanks — read more