Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Time to hire back some employees

That S oh B left a trail of destruction and then he leaves. We all knew this was bound to happen at some point. Time to hire back Some valuable employees.

Charlie's gone, accountability is still needed

I said long ago on this board that this day would come. I also shared my opinion that people are ultimately responsible for their actions and I would view certain managers and colleagues in a different way after seeing them act with a cutthroat... — read more 

Good luck Wells Fargo, good riddance BNY

Ruining one bank was not enough and he did not finish what he started for good or for bad he is leaving without meeting his objectives or rather running away.

Charlie is Gone!!

Good luck Wells Fargo, and thank you for setting us free. I hope you don't like work life balance, but like being rated BE

3rd Quarter Results

The funds industry is experiencing severe pressure on fees, poor interest rates and a flooded market. Revenue is forecast to drop and this will have a magnified impact on BNY which is grossly overstaffed and is a technological failure. Investors are... — read more 

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Post ID: @OP+11eVvKC9

Be glad you're out. The culture is terrible!

Unfortunately they are cleaning house. Out with the old and in with the new! Be glad you're out. The culture is terrible! They are demoralizing good workers with BE ratings just to get them to quit or drive them out bec of age. They do not appreciate... — read more 

More strategic initiatives on the way

So far: (1) remove working from home ... this was overturned due to negative outcry and not from change in strategy. (2) introduce 10% below expectations. Get the senior management to sell it as a performance improval program (what a circus) (3)... — read more 

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Post ID: @OP+118MHNkI

BNYM: An Accident Waiting To Happen

This bank is an accident waiting to happen. So much knowledge has been lost with the mass layoffs. It’s only a matter of time before BNYM is again in the news for another screwup. It’s too late to try to document procedures when the experts have... — read more 

Job Interview Ireland

Did the interview and was offered a job....paper work appeared 6 weeks later even though I turned it down. Luckily I did not accept as heard serious issues in that company from contacts in the industry. Accepted a job with another company. Offer was... — read more 

Layoffs will be company-wide

Layoffs will happen company wide. Not just one department will be affected. It will be all departments. Very much this. People need to stop speculating and wondering if their department or location will be spared. You need to consider an option... — read more 

Dublin Town Hall Today

False smiles and fake sentiment come to Dublin today and another panel of weak management will dance to Charlies tune. Then Charlie will deliver a mind numbing talk before answering filtered and prepared questions. Tip for Charlie to save money... — read more 

LEGAL COUNSEL

Good messages. Unfortunately, the situation is very bad at BNYM. Can someone recommend a good legal counsel that have won cases against BNYM???

H.R.3624 - Outsourcing Accountability Act of 2019

Please ask your elected officials to support this important legislation to protect American jobs According to this article, five US senators introduced legislation that would require companies to report the number of employees, by state and country... — read more 

Is the BE rating strategy being abandoned?

Surprisingly, I recently heard that management is backing away from the BE rating strategy. Were a lot of people rated BE at mid-year? And are there any managers or anyone else reading this who can provide an update on the strategy going forward... — read more 

BNYM not committed to employee development and growth

I know this has prob been said before, but it bears repeating, bnym could care less about your career path or your professional growth. This is a company that just cant be bothered, unless you are one of the few that's actually in a good position on... — read more 

How does the BE and layoff package work?

Spoke to a lawyer who represented bnym employees who was rated in lawsuits against the bank and the terminated. They won the cases but how do bnym determines this? Clearly we all know they are eliminating long term employees and trying to avoid... — read more 

BNY Mellon Stars

I am curious to understand how the entire Star Performance nomination process work . Do managers handpick these employees to be the next role model of this company . Do they assign projects to team mates as they require sufficient approvals from the... — read more 

HBR on toxic companies

Something our CEO and other chief officers should read. If they care. https://hbr.org/2019/08/are-you-enabling-a-toxic-culture-without-realizing-it?

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Post ID: @OP+10YxXLfs

Please Read-A Word Of Advice

Remember the following line: It’s not a matter of if you will be laid off, it’s a matter of when. They are coming for you. If not this round, then the one after. You are an expense and have little value to the company. Be prepared. Print... — read more 

Chuck in Ireland 17th Sept

Chuck and the crew in Ireland 17th September, any chance they plan to close an Irish office, place is overstaffed in a major way

I know you don’t know me

I received my last sub payment at the end of July. I haven’t been successful in finding a new job yet. I will be losing my home at the end of the month because I can’t afford to stay there on unemployment and a part-time job. Can you please keep me... — read more 

What is really going on here?

I’m sitting at my desk listening to management openly talking about interviewing candidates for positions while joking about it. All this after laying off four people within the last few weeks. Really great for morale!

Simply stated

Simply stated and to the point... BNYM just sux. By far the worst place of employment I have ever worked at. Good luck to all of us that we find something better.

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Post ID: @OP+10T9k1vg

What would you do?

If you were in upper management, what would you do/programs would you start to improve the company? See a lot of criticism but want to know if anyone has ideas to improve.

Is it just me, or have the layoffs stopped for awhile?

I’m not naive to a point that I believe that the layoffs have stopped completely.We’re a big company, and knowing how things stand right now, they’re surely happening somewhere, but there has not been a larger wave for some time now. Does it mean... — read more 

Personal belongings

Question....so for those that have been laid off, are they taking out money from your final check or your sub pay when they ship you your belongings via mail? Just curious.

Pittsburgh Propaganda

This weeks propaganda focuses on the employee appreciation snack break. Constant fear of losing your job or receiving an undeserving BE rating is a negated by a smiley cookie Also, they were looking for volunteers for “doors open Pittsburgh”... — read more 

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