Easy. It's the worker often recognized by clients, but rarely internal colleagues, whose manager has him/her doing most of the team's work so that employee is extremely frustrated and at their breaking point. The manager dumps most of the work on... — read more 

Asser Servicing CIO, former Pershing guy, announces departure earlier this week. Today, Pershing CEO announces leaving end of year.

About that recent comment made by BNY at the beginning of a town hall: 14,000-15,000 employees would be better off as just 8,000 superheroes. Over the past several years, BNY has been steadily thinning out resources. Those that remained absorbed the... — read more 

Its the new playbook every company is following, cutting middle mgmt and titles: https://www.marketwatch.com/story/this-theory-could-help-explain-why-wages-arent-rising-faster-2018-08-06?mod=newsviewer_click

Security wouldn't let anyone tap out with badges in Pittsburgh today. Wonder if they're upgrading the turnstiles to prepare for a combined company system. First badges with no branding. Then management acting like zombies. Now we can't use the... — read more 

Welcome to 21st century where AI and robotics process automation will make you less and less relevant at BNYM and pretty much every where in finance if you've been paying attention. Charlie is just starting. He will eliminate thousands of jobs. If... — read more 

A lot of people seem to be wondering why we are staying at BNYM considering everything that's been going on lately - especially the nonstop layoffs. Personally, I've invested too much of my life into this job to just up and quit. For some that might... — read more 

Long time employee who suffers daily. Posts on here always seem to get deleted. My name is not Albert Einstein, on the other hand, I am human. I have worked for BNY like a wet dog for more than a decade. It’s saddening

Does anyone know if GRS will have layoffs?

Tomorrow is the start of another week for many in this painful dungeon. It's a new week of yield curves, persistent volatility and toxic management. May the force be with you and I wish each will find some meaning within this insecure environment .xx

Seems to me the only logical explanation for the cutting in this degree is that they want to sell the company off and are cutting cost in that sense. If that was the case why don't they announce the potential seloff. The fact is that the company... — read more 

There's so many jobs because no candidate is willing to accept the position for the low salary knowing how bad things are at this company. No internal person will transfer knowing they won't receive the salary for the position for a year. They can... — read more 

Most self-proclaimed Management Guys used to be those kids who hang out with the bullies and laugh at their stupid jokes in school days .They do the same thing when they hold top positions in the organisation. Hire Managers who can bully their team... — read more 

I've been in this department for 6 years and we've lost many good people due to poor management. Lots of poor middle managers & the Managing Director is a terrible leader. We continually put people in positions of management who simply don't know how... — read more 

Nothing but lame corporate claptrap, replete with excuses for poor performance by senior management ("...but....but....the yield curve"). And it was awesome how Charlie responded to the question about profit sharing, saying essentially that our pay... — read more 

I have read multiple posts about managers walking through the work area and mistreating employees. I rarely see or hear from my manager. From my observation and break room conversations, most of the managers on my floor hide in their cubicles or... — read more 

Layoffs are here to stay and if we want to work at BNYM we better get used to having no job security whatsoever? Does nobody running this bank see that this could backfire big time?

They should be doing their job which is partly to reassure employees that they, the managers, are acting with the best interest of the team to balance incoming work with current resources while at the same time trying to find creative opportunities... — read more 

Bring your kids to work day is dreadful. Sorry to those that bring your kids, but do you really think they enjoy spending the day at our office? We can't stand being there and you want to put them through that dreadful agony! It's just a day for... — read more 

?

I was laid off (or as it was described to me) became part of necessary downsizing at BNY Mellon in 2019. I don't miss a second of this foolish Company. The Department I worked in was full of people who had what appeared to be impressive titles, but... — read more 

Folks... The board is not going to get rid of Charlie. There will be more layoffs as cost cutting will continue. Also, don’t be surprised when Asset Management, Wealth, and Pershing are divested. This will make the company a much more attractive... — read more 

Unfortunately the layoffs and willing departures are continuing daily. Charlie has done more damage than good and has unfortunately done damage that cannot be undone. All levels of management are to blame for not acting with the morals that are just... — read more 

Two people were escorted out yesterday, from what I've heard. I know that's just two people and it doesn't really constitute a layoffs round, but if they do the same thing every day can we really say that layoffs are done? They can lay off hundreds... — read more 

The buzz around the NYC office is that Charles is in trouble. The recent 1st Quarter results have shareowners very unhappy and frankly the feel around the Company is just about everyone wants him gone. The feeling is that ever since he came along... — read more 

Just a heads-up - if you think you are safe because you've received a raise recently, you're not. Receiving a raise means absolutely nothing if your name is already on the list. I would know, I received a pay bump at the start of the year and now I'm... — read more 

I doubt that the management achieved what they wanted with the recent layoffs, and I also have no doubt that we’ll see a next round soon. Is there any info on when could the next layoffs ocur?

Whatever he was hired to accomplish, such as cleaning up his predecessor’s messes and moving the company forward, seems to be backfiring (despite his efforts to drastically cut expenses through layoffs). What’s the prognosis? Will he be replaced... — read more 

I see so many people saying they're staying in this mess because they're waiting for severance. Everybody seems to forget that severance is not a guarantee. The law does not dictate that the bank has to pay it. And I wouldn't be surprised if BNYM... — read more 

Instead of taking responsibility, what else can we blame on the yield curve?

Even though I know that all of these layoffs have been done out of nothing else then pure cost-cutting to buy the failed company some time, the fact that they are presenting them as something necessary to heal the company and make it better really... — read more 

I am the best man for this job. I can fix this. Part of this mess is due to substandard employees. I will get rid of them. But I can't control everything, and overall market conditions are the main 'head wind'. Our bad performance (measured by... — read more 

It's safe to say that's a "B.E." rating for Charlie? I suggest "corrective action", per company policy (fire him).

BNY Mellon Tumbles Most Since 2015; CEO Warns of Yield-Curve Woe (Bloomberg) -- Bank of New York Mellon shares tumbled as much as 8.8 percent in early Wednesday trading, the most since August 2015. Earlier, the bank reported earnings per share, net... — read more 

Can you people seriously STFU with the cannibalism babble? What department do you people work in with this type of talk? I have been with the company for going on 30 years and have friends spread across many departments. Most of the people I have... — read more 

Lots of “good excuses” but we know how layoffs and disorganization have affected morale and productivity. And maybe some KARMA going on! Hey you “capitalists” out there: looks like a BAD investment, getting even worse!

I'm sorry to learn about your situation. Unfortunately it has happened to so many people. I was a 20 year employee of BNY Mellon (Mellon and ABN AMRO Mellon) before I was laid off. It is shameful the way management has been behaving in recent years... — read more