Anyone hear CS going in October?? Apparently some shareholders been told?

I don’t know what else to say. What they are doing to our department just makes NO sense. Maybe its part of an overall plan but I don’t think so because their decisions just keep getting more and more STUPID. It’s like they are trying to fit... — read more 

Get ready now. It'll be bumpy. I see massive cuts in 4 to 6 months. I wish I am wrong. Assets: Low Quality - OUT; Top Quality - IN. Stocks - OUT; Bonds - IN. Next: Growth - OUT, Recession - IN???

For sure?

I am a manager that spent an hour this week, apologizing to an otherwise great employee about her BE rating. She handled it with such grace and professionalism that I was truly humbled, and even embarrassed. I would like to apologize to... — read more 

Time to clear out personal belongings, if you haven’t already. Invited to an impromptu meeting? Remember to take your personal belongings with you, because you might not be able to go back to your desk before being escorted out the... — read more 

Express it in %

When faced with a choice between ethical behavior or personal financial gain, guess which one Charlie and his ilk choose every time? They more or less always follow Adam Smith's vile maxim, "All for me, and nothing for you." They are little... — read more 

Has anyone taking advantage of Right Management services. In my opinion, they have not been helpful at all.

Their attempts at sounding civil and being concerned for employee well being only serve to amplify the insult. I suppose it helps them sleep better, but if you’re going to urinate on someone, don’t call it rain. Best of luck to everyone in the... — read more 

I've noticed that aside from the bigger layoff rounds, we hear about one or two people being laid of on nearly daily bases. Now, it's either somebody trolling (which I highly doubt,) or layoffs literally never stop at BNYM. They are just so small... — read more 

Has anyone experienced racism and discrimination in the London office? I experience it on a daily basis. I have never seen anything like this before.

BE is no longer for truly bad performance. It is now a QUOTA determined by “differentiating performance” within a group. Meaning, even if you are in a great team, BE is for a person somehow different from the rest. HR even provided managers with... — read more 

Since Chuck can’t handle criticism and deleted my comment I’ll repost: I recently resigned on my own accord, and I would like to report - I couldn’t be happier! The problem at BK starts at the top of the house. I worked in GCM and so I was in close... — read more 

Article today about another company (IBM). Eerie similarities..... https://www.bloomberg.com/news/articles/2019-07-31/ibm-fired-as-many-as-100-000-in-recent-years-court-case-shows

There was a time in this bank when the employees respected and looked up to their CEO. He would have the best interest of the clients and his employees. Those days are gone. At least they are at our bank. I hope Charlie reads these posts to see... — read more 

BNYM has created a very toxic environment for it’s people. Their bad policies and constant layoffs are trouble for everyone. Workers resent fellow workers, and everyone resents managers. This is trouble for everyone. Even the Company, since... — read more 

I've not heard of any yet, but who knows how low they will go.

NC, The guys who sent email to break up rating for India employees between AE1, AE2 and AE3. 30%,35% and 35% break up respectively. Way to demoralize people even further who get paid next to nothing. Also you can not exceed 30% in 1 & 35% in 2 but... — read more 

Performance Plan Mid-Year date - our ratings are due. Management must provide their BE tributes by midnight.

Their strategy is to get as many to leave as possible without having to pay redundancy. Keep turning up at your desk and take it handy....do not let them stress you out so you are forced to leave. Why do you think the people at top are being forced... — read more 

Lay off, fire, hire (cheaper, of course...) Seems to be the new circle of life at BNYM...

I have been with the company for around a year and a month. In my short time with the bank Ive had three different managers, seen tons of layoffs and even got a promotion. In my first position I had no leadership which is something I desperately... — read more 

I work in BK and the morale is awful. Every day walking into my office is like walking into a morgue. Each floor is half vacated, you can hear a pin drop. Heard Aug 19 is going to be a blood bath with layoffs and then more Dec 2. Very sad. Managers... — read more 

Has it been two years now?

“It’s not me; it’s them. It’s not me, it’s them.” His sneering but composed demeanor in the Town Hall betrayed a man so wedded to his own views that he is oblivious to his own deep deficiencies.

The great divide widens with the executives at this company keeping a greater share of the profit while cutting staff, bonuses, raises, and benefits in general. Despite the company not meeting Wall Street quarterly expectations, senior executives... — read more 

is it 2 months even for CA employees? i thought that does not hold good in CA

Talk about a slap in the face. I was let go during the first wave of layoffs...I gave them several years of my life, often doing the work of two people because my group's turnover was so high, for my position to be supposedly eliminated. I'm still... — read more 

Prepare for movement and announcement in mid August. Tier of managers to be let go as several lines of business to be sold off. This is going to be big. Severe pressure to grow Poland at expense of UK, Germany and Ireland jobs.

It’s just too big to be acquired as a whole. It would have to be sold off in pieces. Sell what you don’t want to be a core business and keep what you do. WM is probably something to sell off. This reply on another thread by@10bcojfL-2nxs got me... — read more 

“We understand, that by putting you in a no-win situation, we have assaulted your mental heath. To make us feel better about what we have done to you, today we offer ‘Healthy Eating Tips,’ including samples of slightly overripe fruit, pointers to... — read more 

Sorry if this is covered further down thread but does anyone have confirmed details on the severance policy? 2 weeks for a year is widely confirmed but I heard secondhand that BNYM requires you to also qualify for unemployment (ie need to prove... — read more 

Can’t take the backstabbing, poor planning, bad management and obsolete technology. Please let me go in August!

Not sure what else to say. It’s all been said before. Company says lots of words but still sounds clueless. Managers and workers complain. Wrong people eliminated, rely on who is left, and wonder why mistakes happen. Hey BNY: you... — read more 

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 

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