All of the people laid off in my department so far this year were senior level engineers and project managers, all earning 6 figure salaries. The first wave were people between the ages of 50-65, the second wave were people between the ages of... — read more
Topics regarding layoffs at Bank of New York Mellon Corp.
So after all the talk about management being good, bad or average. .....its quite simple. Judge them on their own performance......share price down 14% in a week. Horrendous company strategy leading to very poor results. And now on top of that they... — read more
How many who were laid off have found a new job? Are you 50 or older? Did you find a job outside the financial services sector?
There is no way that you can convince me that BNYM saves money on labor costs by outsourcing job positions to India. Our relationship with India exists to make it easier to obtain an H-1B Visa so a foreign worker can come to the United States. ... — read more
Don’t quit, line employees. Update your resume and get a reality check while you wait for the severance package. You’ll have a plan, whatever happens. Managers, have a different problem. The company is forcing you to comply with unethical and... — read more
So what does the impact of Below Expatations have? Answer: it has none as its a mickey mouse effort.
Let’s see how many of us quit or laid off from BNY
With the new requirement that employees in India should have local manager more become managers in India without deserving it, just because they are in the right place right time and US managers/employees are being laid off. Even more, senior... — read more
to those who have inside information about lay-off dates and share it here anonymously. It helps to be mentally prepared.
I was laid off along with several other senior people in my group this week. I saw this coming from a mile away: First with the announcement of an "exciting" new team of 150 volunteers who will save the company money by working 12 hour days to... — read more
"I heard from a very credible source (my direct - Senior Management) that individuals with BE.. and even achieved ratings will be targeted the week of Dec. 16th and also Jan 14 and 15." Told YA...
The highly successful software company that I was a part of was acquired — and became part of the greater failure that is BNY Mellon. It’s been downhill ever since. It’s as if a clumsy gorilla (BNYM) picked up a Stradivarius violin (our business... — read more
Nobody can convince me otherwise...
If you guys are all smart, you’d seriously seek legal action. We were all told that PMP ratings would no longer have impacts like they used too if you achieved a below expectations. Now that they need to cut over $10MM, yes this is correct, they... — read more
Is today the last day of layoffs or they will continue until end of the week?
Meeting was this morning. Said turnover would be gradual.
These are, apparently, much sought after qualities in BNY Mellon senior management. More people shown the door after being humiliated via dishonest reviews. They have taken unprofessionalism to new lows. Profit isn’t a dirty word, but... — read more
Pershing plaza in it 2 wks notice and 2 weeks for each Year sec pay as long as you accept the terms
What this company did to so many long term, hard working individuals is unforgivable. They are heartless and deserve the worse. I don't want to hear that I need to wake up and realize this is the state of financial institutions today. They showed the... — read more
No layoffs took place. Trolls !
Was these posts are all trolls or genuine?
In addition to having to work in one of the most horrendous, disgusting companies in the world with nothing but absolute fluff in positions (undeserving titles) I have to address 240 Greenwich. What a dump. The whole open space working environment... — read more
I was laid off at 59 years old. Now I have no medical, dental or life insurance. I find out today that cobra insurance cost 600 a month and life insurance will cost 250.00 a month! How is a person supposed to do that? They screwed us very badly. ... — read more
Compensation will be a last frontier in the onslaught of technology on finance. —— https://www.bloomberg.com/news/articles/2020-01-13/traders-unlearn-bonus-culture-as-machines-invade-wall-street The End of the Bonus Culture Is Coming to Wall... — read more
How is AS doing under Emily portney?
Even if there will be lay-off , those who are honest and brave will be shown the door, BUT cunning and con artist will still survive till the doomsday!
Does anyone have evidence of layoffs scheduled for week beginning 13th ? Or is it all speculation? If true what is the evidence and what locations impacted.... USA, Europe, India.... ??
The latest round of layoffs are supposed to start Jan 13th 2020. Good luck everyone. Everyone may be wondering why upper management has instituted a new policy of forced ranking or 10% of all staff MUST be receive below expectations on his/her... — read more
Several Are gone today in Tech. To be continued not just next week but through the year. There is a trend to oust legacy employees.
Rumor has it that Jarrod are happening there week off January 13
To those recent college grads in need of a job. Take Bny Mellon off your list. They’re shipping jobs to India, the pay is brutal, and upper management, out of boredom, makes you complete irrelevant tasks. My group of 30 got got knocked down to 13... — read more
Anyone know how many getting cut with outsourcing of doc custody?
I understand that the situation here is bad and people have had enough, but do you really think it's better elsewhere? Name a bank with better working conditions that BNYM? I'll wait. You can't because this is it. This is industry-wide, and... — read more
How many managers you know who has friends in high places that could get the work done easily . How many Manager go on smoke breaks half of the day to discuss strategy with their teammates and during these breaks the teammates one of their... — read more
Why are the posts written so poorly? Very weird.
I remember someone said it's delayed to summer?
Looks like the mesaage is no more layoffs in 2020.
I was researching online and i saw somewhere that you may not get unemployment benefits if you don’t sign the performance reviews. Does anyone know if we don’t sign off if we don’t get our SUB pay & unemployment benefits?