BNYM is a big organization and we all know that the general opinion of the leadership is that there is a lot more fat to be trimmed. But what does that mean exactly? What headcount are they trying to achieve? How much more layoffs before they say... — read more 

From the BNYM website: https://www.bnymellon.com/us/en/investor-relations/index.jsp#meetourboardofdirectors "Communications with Lead Director: Any interested party, including shareholders and employees, may communicate directly with the Lead... — read more 

She needs to go. Hopefully the board will not renew her contract. She has accomplished nothing.

https://www.personneltoday.com/hr/is-bny-mellons-flexible-working-policy-reversal-a-step-back/

Whoever is picturing these layoffs as part of some plane restructure or a strategy i sadly mistaken. There is no strategy, no pattern, no method, they are laying people of wherever it is possible in a panic urge to save cost and keep the company... — read more 

It occurs to me that this slashing and burning and the share buybacks is probably chainsaw Charlie doing exactly as he was told.

www.marketwatch.com Front page. Hope the board is watching.

BNYM used its windfall of reduced taxes along with other revenue to buy back $3.3 Billion of its stock in 2018. While having record gross revenue and profit it still found $ to buy its own stock. Think about that as you ponder the 1.x% raise and... — read more 

If yes the current employees are bunch of waiting ducks to be hacked by mangement.

I think those on top even forgot they ever existed. People work so hard here, and what do they get in return? They are used by and stepped all over by the leadership that has no qualms about dismissing them like they never existed. Soon enough... — read more 

If you are that miserable in your job, why wait to “hopefully” get laid off. Take your life into your own hands and find another job, find your own happiness, find your own peace. You are the only person in control of what happens to you. Stop... — read more 

How do current employees keep themselves motivated in this scenario ? Laid off workers are lucky that way at least they are out of the rubble ! Personally speaking I'm finding it very difficult to work and focus with so much going on..

The way things are going on in this company is BNY sinking slowly or is BNY already under water ?

What a joke of a company. Firing people that get the actual work done and produce actual value, but leaving the managers that mostly don’t have clue and have very little contribution to any of the results. They don’t fool me hen they cut a lower... — read more 

I've actually been applying to jobs and I have now reached the post interview, reference checking stage at a large employer here in Massachusetts. The layoffs and constant department reorganization at my location has been horrible. I was moved to a... — read more 

Can we have a layoffs round at BNYM that will get rid of the useless managers, please? And then - a novel idea - we maybe replace them with people who know what they're doing? I'm so tired of never being able to receive an answer to any of the... — read more 

Let me tell you, I am a victim of being laid off. My first reaction was how could this happen to me. As time has gone by, I say thank God it has happened to me. The organization has been declining for years. The working conditions & atmosphere is... — read more 

As humiliating as that is, it’s our reality. The parts that can’t be outsourced abroad, will be filled with younger cheaper employees and the task to train the people that will replace our colleagues and us will fall on us. We might want to think... — read more 

This organization is now the worst place to want to work. Stay away. It’s going to be over soon. It used to be decent, thanks to the great humans who are humble and worked hard; they had real lives. No, not the overpaid executives who mainly “travel”... — read more 

Copy and Paste the link into your browser to read these employee posts from Indeed about their experiences upon JPMORGAN Chase taking over Bank One. While we may not be acquired or merging with Chase, these same practices are already being... — read more 

I am worried about work and have been humming this all day! How appropriate that I am reminded of a refrain from Hamilton the musical, BNY being Hamilton’s Bank. That made me wonder, has anyone else found a musical response to their BNY situation?

Looking for feedback please. Has anyone out there like myself (who was laid) off tried to get Unemployment Insurance and been denied? The reason you were denied was specifically because BNY Mellon informed the Department of Labor that you received a... — read more 

I once thought being laid off would be the worst... rejected, hopeless, depressed. But I wasn’t so now I must deal with reorganization into a group of “miscellaneous” workers. Our new manager has no idea what we do, and he must continue his old work... — read more 

How are the next 6 months going to be in BNY with so much going on ?

https://www.nolo.com/legal-encyclopedia/constructive-discharge-were-you-forced-resign.html

WFH may be back --- but more layoffs Monday!

NAME:____ DATE OF REVIEW ______ KNOWLEDGE: ___ The S.O.B. really knows his $h!t. ___ Knows just enough to be dangerous. ___ Only has half a brain and is dangerous. ___ Brain damage. His coffee cup has a higher I.Q. ACCURACY: ___ Does excellent work... — read more 

Could BNYM be heading for a massive divestiture / merger with another asset servicing institution? Often these feverishly frantic layoffs, agitation and shaving off of headcount precedes a magical sell-out. The buyer is predetermined, stock price... — read more 

If working from home doesn’t suit them, why don’t they just put a stop to it and get it over with. We wouldn’t the first or the last company that doesn’t have that work option. Seems that the issue of cutting WFH only surfaces when layoffs are in... — read more 

They are trying to frustrate employees so they quit and this cheap bank does not have to pay any package I'm so glad I'm not the only one who feels this way. Honestly, in addition to always worsening working conditions, now we can add worrying day... — read more 

My group, and another entire operational organization under Peter are also “hitting pause and not going back and forth until management makes a decision in a few months”. So to me it seems managers are still scared to let people WFH fearing... — read more 

Here’s someone who knows how to get things don81

Sorry Charlie, you no longer have a shred of credibility. You don’t support us, we won’t support you. I give you eight hours a day of good work, I get my paycheck. That is now the limit of my employee engagement.

This company wasn’t attractive to people that ha a serious ambition to advance in the banking business, and now that the management created an atmosphere where nobody can ever feel safe about their jobs the only people who will apply for jobs are the... — read more 

The remote working email said they “hit pause” while they “reconsider our approach”. That could mean the response to their policy was just too severe. Maybe they just need to slow it down a bit, hence the email. Time will tell...

This is a temporary blip in my plan. I have many ways to cause you underlings stress and frustration. I have my cohorts brainstorming ideas and soon a new plan for pain will be revealed. I've made this their development goal for 2019. Cheers, Charlie — read more