Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Interviews !

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 

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 

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?

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 

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 

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 

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

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 

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.

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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 

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