Bank of New York Mellon Corp. Layoffs

Topics regarding layoffs at Bank of New York Mellon Corp.

Who is going to acquire BNYM?

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 

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Post ID: @10bcojfL

“All-Tech Town Hall”

Everybody ready to be insulted — and reminded by our porcine CIO that she would like to see HALF of us gone?

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Post ID: @10b1l2KE

Severance inquiry

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 

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Post ID: @10bwbCod

HSA funds

Do HSA funds stay with you after you are gone from the company? Or for those funds go back to Bny?

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Post ID: @10azxy23

$9,383,885 for a year's salary

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 

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Post ID: @10as5aIP

Is BNYM even going to exist in 5 years?

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 

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Post ID: @108W5XP7

Sub, retirement, quitting

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

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Post ID: @108NODUi

BNY: “a lot more work to do”

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 

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Post ID: @107X7WCw

Cause for concern??

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 

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Post ID: @107RmzmS

Sales staff jumping ship...

Not really lay off related, but noticing that the CT Sales staff are all leaving for competitors......

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Post ID: @106gasYY

Why are there people who think they are safe?

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 

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Post ID: @106xyWbZ

Blowback from Abusing Staff

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 

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Post ID: @106H8Yxl

Earnings.

Earnings was below expectations.

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Post ID: @105nUFvu

These blogs on the BNYM intranet are hilarious.

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 

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Post ID: @1056AmMR

Any actual BNY Layoff news?

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

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Post ID: @105Njirl

QUARTERLY EARNINGS EXCUSES

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 

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Post ID: @1052STLP

Anybody that had a choice already left

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 

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Post ID: @1057rbPY

Layoffs in Europe

Hear there are layoffs in Europe today. Any evidence of this?

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Post ID: @104PVz1T

Hood’s Meeting- Sickening - Ranking & Promotions

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 

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Post ID: @104IiO3T

Collaborating with JPMorgan

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 

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Post ID: @103olWsF

This Week in BNYM Propaganda

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 

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Post ID: @103lWt7X

Town Hall

Anybody looking forward to the Town Hall? Attendance is to be made a priority.

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Post ID: @103elLvZ

This is destined to fail

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 

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Post ID: @103vtKvX

Economy doing great?

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

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Post ID: @103t0usv

No Accountability at the Top — yet

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 

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Post ID: @103ugGJn

BNY

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 

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Post ID: @1022wg4S

How are you going to spend the $$$

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 

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Post ID: @100p94yA

Views

So many views... so little comments.

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Post ID: @ZZCN7Pe

Quite

not much chatter right now, good thing or bad? Anyone hear anything new?

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Post ID: @ZY4eOWa

Benefitwallet

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 

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| 575 views | |
Post ID: @ZXWJBf7

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