I used to take pride I come from BNY Mellon during interviews , knowing this company stands a very little chance in the market today . They just don't want to hear anything about our Job profile at BNY Mellon as it does not mean bat sht to them when... — read more
Nothing But a Number at BNY Mellon
Look, we are nothing but a number, a 'productivity unit', a means to an end designed to transfer wealth to stock holders. We are nothing more than that to people like Charlie, Bridget, and those of their ilk. It is the sad truth of modern state... — read more
How can they live with themselves?
I was laid off in 2019 after a long tenure with this shameful company. As I still try to process what happened to me, I keep thinking about all the people around me that knew this was going to happen. They let me continue to work myself to the bone... — read more
Charlie buys penthouse triplex like he runs the business - embarrassing
Google “Charlie Scharf triplex” and you can see the tremendous amount of research Charlie spends on a personal investment. Pretty embarrassing tbh. So he didn’t ask anyone the history of the home to find out about the 18-year construction project?... — read more
What a crying shame.
So, I see from an article last fall that Bank of New York Mellon CEO Charlie Scharf was ready to plunk down $18.5 million for his dream home — a triplex penthouse with panoramic views overlooking Central Park West. He's run into some problems with... — read more
Woohoo I'm out...
In London there was a Head of Governance who didn't know a thing about governance and he ignored advice given by the experts. A bit of a joke. get rid of him already. I did like Hani though. He was one of the good ones. Good people left and will... — read more
Bridget town hall
Did she just say the goal is to reduce technology from 15,000 to 8,000 people?!
Such a joke.
I hope everyone can see this latest news about this joke of a company. They continue to try and come across as forging ahead as this modern day exemplary place to work. Get it straight BNY Mellon. You are known as a dinosaur of a company that nobody... — read more
Who is watching Charles on marketwatch?
Diversity at its finest at the all Boys club..
A question
Can you apply for an opening at BNYM without risking your severance? If you can, is there any time limit between being laid off and being able to reapply?
Garbage company; cancellation of NE Recognition Event
How pathetic that the company needs to cancel an event that they hand out pennies to a handful of employees. Run for the hills; only going to get worse. I have nothing but bad things to say for this company.
New York WARN ACT
Have any New York employees looked into this law? New York State Worker Adjustment and Retraining Notification ACT requires employers with 50 or more full time employees to provide at least 90 days advanced written notice of mass layoffs... — read more
Will anything come from the House Hearing on Wednesday?
https://www.marketwatch.com/story/ceos-set-to-go-under-microscope-at-house-hearing-on-holding-megabanks-accountable-2019-04-08
BK AM kissing BLK’s ring
BK now “partnering” with arch-rival BLK. Actually just buying Aladdin software from BLK. Bending the knee and kissing the ring. Once implemented, unfortunately likely to automate lots of jobs.
How is April looking regarding layoffs?
Any reliable info? I just can’t believe that the layoffs are done and I suspect that they will continue throughout April, if nothing in smaller batches, so I ask has anybody heard anything and If yes, where can we expect them to occur and in what... — read more
Corporate Influencers
Because of the numerous onslaught of nonsense posts recently, I believe the person is a paid Influencer. The purpose behind such ridiculous posts is to keep them 'active' therefore pushing relevant information down so it is not easily accessible. It... — read more
I can’t post from home anymore
Apparently I’m blocked somehow. When I try to post, it just disappears and I’m back where I was. What’s up with that?
Bunch of rubbish managers!
I was layed off in Chennai, India. I was a very hard working guy. I changed two managers in the same team. I was working in the ascends building. My two managers were like two balls of their manager and this guy was the thing hanging of his white... — read more
Working off clock
Did anyone ever have to work off clock? We were working overtime in my department and now all the sudden we have to adhere to a 40 hour work week no more even slightly or our time will be rejected by management. Is this legal ? It seems now ot is for... — read more
Reputation of BNY on the street
I went to interview with a big investment bank. they told me we are not interested in your BNY work experience , tell us about what work you did at your previous employer ( another investment bank ) . For 5 seconds I was just shocked. This is the... — read more
Sub plan negotiations?
Has anyone who was laid off been able to negotiate a better package? Did you have to threaten legal action?
Wtf Aaset Mgmt?
Just heard asset mgmt closing yet more products last week. Why does this keep happening and why does current head of business still there?
Dumb BNY Mellon
BNY Mellon seemed to think they could just get away with laying off hard working professionals with their scripted speech of downsizing and have no negative ramifications. Wrong. I continue to be working with many contacts I know in other financial... — read more
Benefits after SUB Plan
Hello, Does anyone knows, what are the options do we have for Health Benefits after SUB Plans in following conditions, which are cheaper. 1>If we find the Job, Salary will stop coming from BNY, do we have any option for continuation Health Benefits ?... — read more
Communicating about a class action on Age/Disability discrimination - how?
Saw several posts over the past couple of months about a class action. Just saw another statement about it. I'm certainly interested in joining, and in my case, I feel disability was part of the equation as well. As a matter of fact, I've been... — read more
How much longer until the announcement?
JPM and Citi technology titans being hired and appointed to the BNY Mellon executive committee at lightening speed. JPM allowing information of their mass layoff plan, especially in technologies, to be announced when they are notorious for keeping... — read more
How much more can they afford to lay off?
If there is a realistic line to which the company can lay off its employees I believe we are close to that line. So, I was wondering by how much can BNYM reduce the headcount more before becoming inoperable? Can the fact that we have been thinned to... — read more
Jpm downsizing
https://www.marketwatch.com/articles/jpmorgan-downsizing-wealth-asset-management-51553869571?mod=mw_quote_news
Wells Fargo Just Ousted the CEO
Way to go. We need a bit of that here too.
The workload is enormous after the layoffs
Never thought I’d wish for new hires or even that some work gets outsourced, but apparently with this quantity of work that is left after the layoffs , it’s impossible to get anything done within the deadlines. Can’t see us maintaining this tempo of... — read more
Will BNYM rehire old employees?
I'm just wondering if people who were laid off this (or any other) time can return to BNYM at some point in time (after the severance period runs out, of course?) I'm not talking about returning to the same position - I know that would defeat the... — read more
You wonder why this Company is collapsing?
This might tell you a thing or two. This is from a press release in late 2018 from the US Securities and Exchange Commission. BNY Mellon to Pay More Than $54 Million for Improper Handling of ADRs The Securities and Exchange Commission today announced... — read more
How BNY Mellon describes itself.
What a joke. Just listen to how they advertise themselves (Grow Your Business through industry Expertise & Lasting Relationships). Are you kidding me? No Business in their right mind would have anything to do with this joke of a company (and believe... — read more
It's like 60 Days In - start bonding with your cellmate and lookout for snitches
We're all part of Charlie's bad social experiment...which allegiances will you form? will you successfully manipulate the system? or fall prey to its injustices? do you trust your fellow inmates? will they leverage information against you for... — read more
Spring Fever/Layoff Fever
Spring fever - a feeling of restlessness and excitement felt at the beginning of spring. Layoff fever - come on already and give me my package so I can escape this hell hole.
No cash with promotions
So the new guidance from the EC is that if you are promoted to a level J OR you post for a J level job elsewhere in the company you will (a) not be promoted until December 1 of that year and (b) not receive the pay raise until the following July... — read more