Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Is BNYM really open to change?

Honestly, other than layoffs, has there been any actual attempt to change the way things are done to improve our bottom line? I don't think so. I think management hates change and wants to preserve status quo for as long as they can through layoffs... — read more 

Appraisal

Anyone had their appraisal? What is the % for BE vs. Other ratings?

Technology email spoof

Did anyone actually get excited about the fake email that promised old computers would be replaced by clicking on the link to test your system?

Are they even human?

They proceed with blessed indifference to how their monstrous, solipsistic behavior affects the lives of employees. How many heart attacks, stokes and serious mental health crisis’ have they caused? But reality doesn’t matter. What matters is the... — read more 

Has anyone been re-hired by the company...

after having been rated BE and laid off? My ex-team is so short handed now, apparently they’re looking to hire a new person. I’m trying to learn if there’s anyone out there who was given back their old job.

No way to win

I am a manager. I am routinely forced to rate people as BE. I am routinely forced to change my comments to be more negative. It’s not a good company to work for. Thank you for saying this. At least it's good to have a confirmation that no matter how... — read more 

State Street

Well I guess this is bad news for people looking for jobs. State Street had planned layoffs and automation, and recently shared some details: Reductions are 1,200 across higher-cost locations offset by 900 new roles added in “global hubs” in India... — read more 

Acquisition?

Anyone hear chatter about certain lines of business under scope for acquisition? They want out of Europe??

Manager vs. Manager

My direct manager asks me to do reasonable things that are in conflict with the things their manager, HR and training seem to expect. Sometimes, they all seem to be in conflict with each other. Since (in my case) these are all good people (as far as... — read more 

EMEA

Talks of selling off some business lines true? Serious pressure on share price. Leaders not equipped in any shape or manner to turn it around?

Brooklyn office

What is the status of Brooklyn office ? I saw they are closing health Center in coming weeks. More layoffs before they move staff to Manhattan?

This Week in BNYM Propaganda

This weeks propaganda centers around the banks 235th anniversary and trying to link this dump to the founder, Hamilton. Even more ridiculous are the lemming commenters stating how proud they are and "the bank must be doing something right to be... — read more 

BNYM leadership

How many of you still have any faith left in our leadership? Anybody? I think a three-year old could run this bank better than what we have now. Relying on layoffs above everything else to improve the bottom line has never worked long term for... — read more 

Share price

Charlie has been brought in to drive results upwards. He has done the opposite....share price on the floor. He will be gone by the end of the year I think.

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Post ID: @OP+Zuq6p8Y

BNYM dinosaur

60 years old work on mainframe 30 or more years with the bank = dinosaur

It's obvious what they are doing

I have seen several people laid off from my own group and others, yet they have hired 2 younger people this month in another area within the group. The company expects loyalty from its employees but their not even considering moving you to areas... — read more 

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Post ID: @OP+ZsA4k6T

Life after BNYMELLON...

Is great... just do what you can to get yourself on the “list” or just quit... didn’t realise how much mental stress the EMEA and US IT management were putting me under. Really had some dark days before I was forced out... no support from BNYMELLON... — read more 

Goblins

Managers need to be prepared for Charlie's next phase. That's right. Managers are now pilfering each other's workers wherever they can since no one wants to work at our company and they can't hire outside talent. Initiate the next phase....Once a... — read more 

QUOTAS!

BNY calls it “guidance” but there is a QUOTA for “below expectations and unsatisfactory”. We are REQUIRED to have a specific rating distribution for each performance cycle. If years of layoffs have let go of the actual underperformers, there is no... — read more 

Charlie is no Jeff Bezos

Guys like Charlie must feel really inferior to entrepreneurs who had a dream and started their companies from the ground up. Jeff Bezos would be, like, "What do you know about having a great idea and building a company from the ground up? (nothing)"... — read more 

The company is imploding

The company is imploding. It will become a mess from paranoid and disgruntled workers, -People bicker, set each other up. Expect jobs for life. The employees are low caliber and cannot get work elsewhere. -The management is inefficient, operates with... — read more 

Ads

Anyone else really annoyed with all the ads on this site? Ffs.

In-fighting Amongst Staff!!

Yup, constant in-fighting, bickering back and forth, back-stabbing, setting up colleagues to look bad, dirty looks, jealousy, game playing . . . .this is not a description of junior level staff members! This is the daily behavior of our senior... — read more 

So glad I was let go!

Feel sorry for coworkers that are still there as they are now stuck being told to take on more work. As if they did not have enough already. Not much of a work/life balance anymore. Arguing amongst groups because of more work, deadlines promised and... — read more 

The ones who left are the lucky ones

It's hard for me to see the ones left behind. I regularly meet up with old colleagues - over the decades we became a family. The ones who left are the lucky ones. The ones left behind are really struggling with the complexities and workload. Most do... — read more 

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Post ID: @OP+Zo4zF1n

Leave BNYM or banks in general?

People who have been laid off or quit, do you just go to a different bank or do you leave banks behind entirely? I'm asking because it looks like what's happening here is happening everywhere in our sector. It doesn't seem like any of the other banks... — read more 

The best of us are already gone

Was it planned or not, I can’t really don’t know and don’t care, but the fact is that every single worker that had any sort of career choice walked out the door, either on their own or via layoffs. Not sure that hiring employees that were a... — read more 

Long term employee

We are all trying to leave this company! Managers care only about their checks!

Stupid hires from State Street

Why are we bringing on these failures? is no one checking references anymore. Those “experts” sank the ship over there. Now their going to sink us.

Any Updates?

Haven’t seen any comments about any further layoffs this week. Any updates? Please share. This is a question that @ZdoCNqp-6rxj originally asked on another thread, but I would like to get some updates on this, if there are any, of course

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Post ID: @OP+Zj4Ywxh

I see the stock price keeps sinking ... now 43

Yes, the current strategy has certainly 'worked'. Buy back 3 billion in stock with taxpayer money courtesy of DJT. Layoff everyone. Invest in crazy strategies like Greenfield and blockchain and shared desktop environments. Stock approaching a 3 year... — read more 

Yet ANOTHER organization notice!

We get these frequently these days. Sometimes, with a fond goodbye for a person that gave notice. Other times, with no explanation of who “left”, just a reorganization of their people. It seems that we are losing leadership, through layoffs and... — read more 

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