Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Bonus Transparency

U.S. based Job Grade Level: I Current salary 72K Merit increase 3% Bonus 12K Just trying to add clarity for everyone concerned what we can expect raises to look like.

Leaving after bonus

Does anyone know if we leave within the next 30 to 45 days do we have to repay the bonus? I'm done with this place....

Bonus comp time

Are there bands for Level with regard to incentive ? Meaning if I am promoted from a K to L and I am meeting/exceeding expectations. Should I expect to get double my incentive if all things are equal ? Also do many people get RSU ?

Thank you

Just wanted to say thank you to everyone, except the trolls, for making me feel more sane and less alone. I worked at BNY for a year. A few months in, after only positive feedback, my manager suddenly told me that I was not meeting expectations. When... — read more 

I have exceptionally toxic manager

I would like to change the team, but I think they would block me. Simply as a power play. They are well aware of my dislike for them, and the feeling is mutual. Wouldn’t they prefer me to be gone elsewhere? But that would require someone rational and... — read more 

Site Closures

Has anyone heard anything about which sites will be closed next?

Do companies even look at the RTO fallout analyses?

They copy each other, and have been implementing the RTO as if it’s the smartest move in the world. In the meantime, all data points to it being a failed policy. First and foremost, it makes talent leave in droves. The only ‘success’ of the RTO is... — read more 

I came on board recently

And here I am, already thinking of leaving. This is my third bank, and it’s almost comical how the same issues repeat everywhere: passive-aggressive management, pressure to perform, unrealistic expectations, tedious processes, toxic work environment... — read more 

How do they announce office closures?

Just wondering how, historically they have announced office closures? Do they do a full office town hall and tell people in person, do they send an email etc.

Every new manager is worse than the last

We get a new manager every six months on average (which is a problem in itself), and each one is somehow worse than the one before. We're now on our fourth manager in two years, and it’s starting to feel like the only qualification for the position... — read more 

Questions

Anyone released in Jan 25. Did you receive 2 weeks per year? When released, are you allowed to leave 401K with BNY and manage through Voya?

Bonus

What is the typical bonus range for a Sr. Vice President (L grade) from technology based out of NYC?

Post getting deleted

Several posts on here that aren’t offensive and highlighting some key gaps are getting deleted? How’s it happening? Is someone from BNY HR stalking this board?

Annual Review/Bonus/Merit

Question regarding the annual bonus. I was hired at the end of 2023 as a Letter G (hourly, non-salaried role, eligible for overtime), and my offer letter mentioned that I qualify for an annual bonus, typically around 10% of my pay. During the 2023... — read more 

Post Layoff support

Does HR give enough details about state employment claim process or we have to do all the research? Same question on the SUB. How was that process? Too complex to follow or pretty straightforward? Can we continue to contribute to 401K and HSA during... — read more 

Richard Gordon leaving?

Rumors of head of ops leaving BNY as stock price not going up as aspired even with the 800 plan reduction of staff this year and 1.2k next year.....

D.E.I. Going Forward.

When will BNY wake up and realise that promoting D.E.I., is not the correct path for success?

401k match

Does anyone know the date for the 401k match? March 31? I guess we can expect the 10% Wave 3 layoffs to happen before that so they don’t have to pay.

Almost no opportunities to progress the career

Even if you play office politics and su-k up to the managers. We are not seen anymore as human capital and nobody cares to develop employees’ potential. We're expected to stay for a couple of years, get squeezed for all we're worth, and then be sent... — read more 

Quick Survey

What do you predict that BNY will take away from us employees this year (other than our dignity, of course)?

Blocked promotions

Anyone else in mgmt seeing senior leaders blocking you from promoting staff? Im seriously about to walk away from this sh-t hole. Been holding out solely cause of my pay but this is beyond disgusting . Then we’re also dealing with them not letting us... — read more 

Employees 4 days a week incoming in March or April

Just putting this in here since no announcement ahead of time is planned. To my knowledge, this will be Treasury Services wide. Not sure about other sides of the bank. Highly disappointing since it’ll feel like a rat race to get a seat in the office... — read more 

The strangest job I’ve ever had

I’m a VP level, individual contributor, working for a global team but the only one in my time zone. I’ve been coffee badging for a long time and working the 3 hours a day when the rest of the team is online but outside those hours I simply relax at... — read more 

LinkedIn

If you're not in management, is having a LinkedIn profile even useful? I don’t have any social media, but now I’m starting to wonder if my refusal to create a LinkedIn account is hindering my future prospects in some way. I often see it mentioned in... — read more 

Raise / Bonus

Anyone know if raise/bonus pools are up, down or flat? There’s been no office talk which is weird.

RTO Information

There HAS to be people that come to this platform and HAVE information in regards the RTO “mandatory hours requirements”. Can someone just spill the beans for the sake of all the employees and do us a favor and tell us straight up if we should be... — read more 

Exceeds/Met Expectations/Partial Meets

Can someone clear up the rumors if directors/managers truly do have a meeting and talk about all the employees in the department and decide as a “group” which employee is getting exceeds expectations/met expectations/partially met expectations... — read more 

Annual Review - No meeting and no review by mgr

It is to my understanding that managers are supposed to submit their feedback on our annual review on/by 12/20/2024 and also scheduled a 1x1 meeting to go over it. As of today 1/7/2025, my manager has not submitted her review feedback nor scheduled... — read more 

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