Desperate people will take any job. Thats why we remain. Thats why “managers” now lead a team whose jobs they don’t know. Thats why workers with “bad” managers don’t leave. The company aspires to “transparency”, but nobody tells the truth or maybe... — read more
They can't find anyone gullible enough
They did these layoffs. Reposted the same positions "looking for fresh talent". Everyone knows what a mess this company is to work at and won't touch these jobs so they just sit empty. Why would anyone want a position for less pay than the brick... — read more
What is the name of the new head of HR?
What is the name of the new head of HR? -
New risk guy , what's he gonna manage ?
We get new folks at the top on a monthly basis , are these times of desperation for Chuckie ?👍
To what extent will this week’s layoffs go?
I understand there were a few rumors about layoffs being performed this week and I would honestly be surprised if they turned out to be not true, given that every other rumor before was correct. In that light I ask the question is there any word on... — read more
Layoffs today in asset servicing technology
Layoffs today in asset servicing technology - from what I know about 10 total
BNY must be feeling paranoid
They have loaded so many security scans on our computers, it’s almost impossible to get anything done. This happens both in the office and telecommuting. Ironic, they are doing things to improve company performance (layoffs, reorg), but each result... — read more
Layoffs this week
I think I heard somewhere that there'll be more layoffs for sure before the end of the month - which pretty much mean this week. Has anybody heard anything? I feel like we've entered a stage where layoffs at BNYM went from being an occasional to... — read more
Former head of HR is NO HERO
Not sure why my thread was deleted about the former head of HR, but this is for those of you that are applauding her jump ship because you think she is some kind of hero. Trust me, those of us that interacted with her applauded as well but not... — read more
My nightmare is finally over!
I gave my notice yesterday! In 3 weeks, my BNYM nightmare will be over. I accepted a job elsewhere offering more money , and it's a less stressful position. I've been with bny for 9 years now, and I have weathered a few storms and many rounds of... — read more
Suspected my manager has been after me awhile
I actively monitor my linked in profile so I know that a BNY Mellon Compensation Analyst viewed my linked in profile this week. Today, I happen to notice when I go to book a meeting multiple attendees in outlook I can see availability for myself and... — read more
Annual shareholders meeting
Since most of us are still shareholders even though laid off (particularly the older people like me), we still technically hold stock via the ESOP/Pension. I got the Annual Meeting 'garbage' today. Naturally I will vote AGAINST everything the board... — read more
Where did the post in ex-HR head go?!?
Why was it taken down?
Subaccounting continued: or "as the subaccount turns"
When one is tasked with setting up a project so that it is properly researched, and then handed off to the technical team, where everything has been reviewed and approved (and even when there are some minor last minute changes) you would tend to... — read more
Pittsburgh Management S---s
We have a wrestling tournament causing parking and tracking nightmares. We have a high profile trial that could result in protests or riots. If management had any common sense, they would have encouraged working from home Thursday and Friday.
Who is gonna take us seriously now
ust thinking out loud. We couldn’t be a serious company in the industry with a much more knowledgeable and experienced workforce. Who the hell is gonna take us serious now, with a bunch of newcomers and outsourced departments.
Subaccounting - WFH debacle
mid-2018 we were told that to get ahead of the changes that BNY was implementing for WFH (which really meant that BNY wanted to eliminate this) we were to be in an office at least three days each week. Later in 2018 that changed to be four days per... — read more
Subaccounting business is standing around waiting for something to happen
The subaccounting business in KOP has been standing around with little new work to do since January 1. Very little work is being handed out to us and we're mainly working on small items or finishing up with projects previously written up. Very soon... — read more
Age discrimination
Why are most of the people being laid off above a certain age? What I'm seeing is a clear case of age discrimination - and yet I don't see anybody talking about it. Why is that? If nothing else, media should be on this - and we are not hearing a... — read more
IT management - chaotic and paranoid
The wrong people are getting displaced. They should displace the levels of IT management who created the chaotic atmosphere we work in today. You know the ones. The ones who are draining every ounce of energy from us with their pathetic and... — read more
Hearing more LO before April 1
I guess they have to complete by quarter end.
Invasion of the Body Snatchers
It's like the managers are slowly being snatched and replaced by beings who are cunning, deceitful, secretive, dishonest and ruthless.
Possibly the worst HR in the finance industry
Dont bother discussing employment issues with HR. Good old HR, the yardstick of morality in employee relations? Do not believe that for a second. Beware of our HR staff, they are fully aware of the poor and sometimes unethical practices from our... — read more
The possibility of an acquisition of BNYM by another bank?
I know this was deleted on a few places on this board, but I tend to think that a possibility of that happening has never been bigger. It’s almost as the leadership has already made that decision and are clearing the headcount to make the company... — read more
Is everybody looking for a way out?
Is it just me or does it seem that the only people left at BNYM are those who have not yet been hired by other companies? Everybody I know has already been laid off, left on their own or is looking for a new job. Literally everybody. I'm just... — read more
JP MORGAN BNYMELLON... new company... eventually?
Here in the US, it seems all top management positions are being taken by ex-JPM staff. Is a merger on the cards?
Overall situation in BNY : bad , very bad , worst
How's the overall situation in BNY ? Was it this bad in 2008 ?
Do not demonize all managers!
I am a unit manager and I do not agree with any of the changes that are being made . but like another commenter said, I have a family to support and I can't just up and leave the job. It's not about having morals or not having morals, it's about... — read more
Who is next to be cut?
Will the next layoffs be in a manner that they are targeting specific workers of departments? Hard to think we can bare to go through another big round in which they cut workers from basically all locations an with various job descriptions and... — read more
More layoffs in March
Massive job cuts coming in remaining days of March ! Watch out ! Any more info on this? Are you just guessing or did you hear something concrete about this? I'm just so tired of constantly stressing about more layoffs that I'd really like to stress... — read more
Salary Adjustments
To the managers not taking a moral stance against the wrong doings, it makes you compulsory and just less of a decent person, in my opinion. You haven't refused to follow direction to purposely manufacture situations that disparage employee... — read more
This is a big part of the problem
the business world has been taken over by two big ideas in the last 30 years. The first is that companies should solely focus on increasing their stock prices, and the second is that, to make chief executives care more about this, and attract the... — read more
If you want to be heard and own BNY Mellon Stock, vote your proxy before 4/8/19.
One of the nominees for the board of directors is the CEO. It may not change the result but the number of voters may show overall sentiment.
Clearly, they have zero remorse for cutting people that have been faithful and loyal to them
Get out now, with no guilt. Things will get worse before they get better. You have to look out for yourself, your health, and your family. Stay in touch with those you are fond of, and have faith that you made the right decision for your sanity... — read more
Does anyone feel guilty about looking for work elsewhere?
So I've been applying to jobs and going on interviews outside of bny. At this point the job is affecting my health, that's how stressful my day-to-day work is. I supervise a team of 30 and it's just too much. I work 12-hour days 5 days a week and I... — read more
Corporate Greed : INSIDER TRADING AT BANK OF NEW YORK MELLON
Over the last 4 years, insiders at Bank Of New York Mellon have traded over $1,056,607,212 worth of Bank Of New York Mellon stock and bought 546,900 units worth $30,460,158 . The most active insider traders include Edward Ptrian Fund Manageme...... — read more
BNY first qtr earnings 4/17
Two ways to look at it if the numbers are not good. Either they wait until earnings date to announce further layoffs to soften the blow. Or, layoff now before earnings to write the losses off as a restructure charge in this qtr. -Either way not good.
Survey ...
Upvote this post if you have been laid off, or think you will be laid off due to either (1) an iNautix person or someone in Poland is taking over your job .... or (2) a millennial is taking over your job or is your new manager.
Any other active employees have an odd management structure after the reorg?
My 2018 manager was one of the many middle managers recently demoted. My new 2019 manager was formerly my 2018 second line manager (the manager of my 2018 manager). Anyway my new 2019 manager says that he is too busy to meet with us individually so... — read more