Bank of New York Mellon Corp. Layoffs

Bank of New York Mellon Layoffs 2019

Thoughts? Any Bank of New York Mellon Layoffs in 2019?

I don't understand why we need layoffs

Considering how high turnover we have in all areas I'm genuinely surprised we even need layoffs anymore. Especially considering that most of the people leaving are those who are high performers and those who have been here for a while, meaning they... read more

If you work at BNY Mellon, being laid off just might be the best thing for your career.

Just found this layoff board and I see people are expressing their worries about layoffs and complaining. My message to everybody is that cuts at BNY Mellon could turn out to be a blessing, especially for younger workers that have the thirst to... read more

Any more info on BNY Mellon layoffs?

I've been hearing rumors at the office that we are looking at some major layoffs here and now I see people have been posting on this board as well about it. Any chance somebody has more information, especially about the mentioned twenty percent cuts?... read more

BNY India employees in Technology

A few hundred India employees in Technology were laid off today on 16th Oct, 2018. There will be more lay offs here in days to come.

BNY Northpointe Layoffs / Closing

I was just let go a few weeks ago after working there for 5 years at the Northpointe location. I also heard thru the grapevine that the Northpointe office is closing and that BNY is cutting 20% of the total workforce.

Any news about rumors about cuts in IT (again)?

Rumors are on steroids, here in the office. Not sure who knows what but there are rumors flying about layoffs close to the end of the year. 2018? Or 2019? Who knows, it's depressing.

Bny Mellon Pittsburgh document custody closure

This morning in our weekly meeting with management we were Informed there were rumors going around saying our department was closing in October 2018. Of course they immedy denied it and said there are no plans for closing our department down. In.my... read more

Rumor says there was a cut in Westboro Massachusetts on August 20, 2018

The rumor in the office says there was at least one job cut yesterday.

BNY Mellon layoffs Everett MA Asset Servicing Middle Office Solutions Jan 2018

Around 10 employee's positions was eliminated at the Everett office in Jan 2018. 2 analyst from client / fund accounting grade G level let go along with 1 Sr Analyst grade H. 2 program & project management specialist's grade J 1 program & project... read more

BNY Mellon layoffs January 2018

Several thousand employees were "displaced" from BNY Mellon on Monday (01-22-18). So much for that great corporate tax break helping workers. I knew a bunch of people were affected, but this sounds like a really to high a number? Does anybody know if... read more

BNY Mellon sends jobs to Poland and India.

Let's make America Great again by sending all our jobs to Poland and India. BNY Mellon is laying people off in spurs to avoid notice from the press. In addition, you can not say anything or you will lose your severance pay. What a country you gotta... read more

No room for growth

I would have remained at BNY if it weren’t for the fact that they gave very little opportunity for growth. Despite earning a salary that is below industry standards and a workload that can bore you to tears, I felt that I could be an asset to my... read more

You're losing your best people

It’s sad when some of BNYs management team aren’t willing to help nourish some of the most talented employees that I’ve had the pleasure to encounter. Most input from staff members falls on deaf ears, and their skill sets are wasted because of this... read more

Scharf begins the blood-letting; cuts, RIFs. Major changes afoot pitting execs against each other.

All Financial Services companies had challenges

But things are picking up now

Bank of New York Mellon Layoffs 2018

Redundancies, RIFs, Layoffs, Job Cuts, Surplus, there is a ton of names for pink slips but do you really think that we'll be affected here in NYC.

Bank of New York Mellon Layoffs 2017

How many times do we need to be surprised by executives - do you think that we might have job cuts in corporate again - here in NYC.

Just got the new 4000 layoff at bnym..anyone knows about it?

May 2016 Westborough MA office layoffs

On 4/23/2016 in the Westborough MA office, the Asset Servicing Systems department laid off 18 employees, including 2 managers with over 25 years at the company. Given exit packages and shown the door with an hour of arrival for work on Monday.

Boston office Layoffs - May 2016

What do we know so far?

HR Contractor and ISD Layoffs

In early 2016, there were wide contractor layoffs - some contractors who has been there for 4 yrs or longer. All contractors terminated under parts of HR. And progressively through 2014, 2015, and finally, 2016 they laid off the internal... read more

Furlough

Well, their new Furlough the Contractors two days with every holiday smacks of money trouble. If you're a contractor, consider whatever rate you're being pitched when converted to a yearly salary and then knock about 10-15% off that, give or take... read more

Bank of New York Mellon Layoffs 2016

What is the likelihood of Bank of New York Mellon layoffs in New York in 2016? Please let me know if you have any information.

Our recent MD makes his bones but eliminating jobs or relocating them to lower cost centers

That is his entire career at BNYM. No concern over experience, quality service or loyalty to employees that have built the business line and reputation. Sorry BNYM but it has been a downward spiral since Bacot left. The successor CEOs have been more... read more

They seem to be using the latest round of Layoffs to fix their diversity problem.

Now that the "we can cut our way to growth" strategy has failed. Management has decided the easiest way to reduce the expense base while fixing their diversity and age and stage problem is to simply get rid of the 50ish white guys. If you are in that... read more

Things can be better, especially because I hear that we might have job reductions and layoffs in New York?

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2015 Layoffs at Bank of New York Mellon might be reality

Just look at what is happening with other financial sector companies, everyone is shipping jobs overseas, why would we be different. Banks are closing branches as more folks are banking using mobile devices, tablets and computers, there is less need... read more

Great company, fairly stable

Cannot complain Mellon is top notch

The earthquakes have started!

Bank of New York Cuts 2014

I heard that the investment banking side is going to be hammered in next few months. Melon has done it before and there is no reason to doubt that the executives will be moving swiftly. I think that if things continue to be like this our bonuses will... read more