D-mb question this is my first job out of college and I was hearing my team might be letting some people go in January. Will I lose my company match in 410k? Should I only count my pre-tax deferrals as the contributions and ignore the company match... — read more
RTO - 6 hours mandatory requirement?
Can anyone confirm that 6 hours in office becomes mandatory to call it a day?
401k match
looking for inputs on 401k match . Can bny decide your last date overriding the min notice period policy ?
I, for one, would welcome mass layoffs
About time to be pushed out when I’ve been too silly not to leave already all by myself. At least I would stop constantly thinking it through with my judgement being clouded by fear and anxiety. I do feel for people who really need this job. I do... — read more
Collaboration
I will faint if I hear one more time: collaboration, taking risk, resources, take action, own it.
2025 LAYOFFS: no longer just rumors
I always take layoff comments/talk with of salt, as it usually depends on the department, location, how much you make, etc. That said, this time around, it isn't just talk: I received direct word from a well-respected manager that they are calling... — read more
Managers 4 day office exceptions
On the FAQ for the 4-day office for managers, it said generally managers could not approve exceptions for people, but the guidance would come out closer to January. Does anyone have any knowledge on this? My team/department is really short staffed... — read more
I feel so discouraged
Started a new job and even took a pay cut for it just to get away from BNY and now I'm regretting it. I started on Monday and ran into problems immediately because HR hadn’t even finished my paperwork. My manager gives zero clarity on anything, and... — read more
P-M
Are there any layoffs connected to this platform model so far? Or rumors?
Bonus and 401K Match if Laid Off
Do employees who are laid off receive a prorated bonus (or full bonus if in January)? Do they get to keep the unvested 401K match?
Location strategy Poole UK
Poole office. Staying open or shutting down? Hearing and seeing lots of differing opinions, does anyone know for sure or is it all heresay?
JAN LAYOFF RUMORS
January layoffs rumors are hot and wild - Any insights Heard it is going to be massive scale
Same story, different company
Last week, a friend asked me about working here since he's thinking about transferring. He’s fed up with Wells Fargo due to too much work, a problematic manager, and an overall toxic vibe. I had to break it to him that we're no different. Truth is... — read more
Counter offers - Internal Mobility
I am currently on a J grade in Manchester, UK. Pay is not great. If I apply for a K/L grade and am successful, can your current manager make a counter offer to try persuade you to stay? I am wondering if this a good strategy to improve pay. .. — read more
Salary Bands - Manchester J/K
Does anyone know the salary bands for J and K in Manchester, UK. Currently on 41K (J) and feel very underpaid. Also, presuming i'm low in the band, does this reduce the risk of layoffs?
Next round - December or January
November has come and almost gone. Wave 3 is slated for March 2025. Jan 6 is the beginning of the PI Planning. They need to carve out the structure before that. With lean December - with tons of employees on vacation schedule and the 2 weeks... — read more
Notice period
Does anyone know what potential consequences they try to enforce if you do not adhere to the proper notice period when resigning from your role?
Any layoffs in November
Are there any layoffs expected related to RTO or other factors? I know they have to match the 401(k) by the end of November or in December."
Dr-g testing new hires?
What type of dr-g testing does the bank do for new hires?
BNY is in rapid decline
The energy’s completely drained, and morale's nosediving fast. Top talent is leaving in waves, smartly jumping ship as things get worse. Now we're stuck with a shrinking group of less experienced, anxious employees watching it all unravel. And it's a... — read more
profit über alles
over people over longevity over stability over risk over trust
Location Strategy….. Edinburgh
Any news on Edinburgh in the location strategy? Building being sold and potential buyers appear to be all hoteliers, so it won’t continue past 2026 as a BNY site. Are they searching for new premises? Or just close the site? With people... — read more
VIP points
Any word on whatever the 1k VIP points will be a thing this time around.
Complete lack of strategic decision making
Can we get a CEO who can think beyond the next quarter?
Merit increases
When do learn what our raises are? When do the managers put in the percentage and how bad is it this year?
What’s the salary for L level position?
I know this isn’t about layoffs but could someone give me insight for L level positions for NYC, Pittsburgh and Lake Mary?
Pershing layoffs today ?
That’s the rumor I heard from a reliable source.
We need more help
Nobody cares that the company’s letting some of our best people leave without bringing in replacements. I understand it's tough to replace their experience, but just hiring anyone would help with this never-ending workload. I'd love to spend some... — read more
Unionize? - Agenda and action steps
Hi folks, ex Mellon employee here. I see all the messages here. would you all like to start to unionize? we can host a zoom call - everyone uses fake names. I can run through an agenda and process of unionizing.
They are using RTO to get rid of the people
Anyone who is criticizing people upset about forced RTO, or blaming those who “abused” work from home- that is exactly what the corporate higher-ups want you to do. They make up the excuse that it’s due to those who didn’t do what they should at... — read more
Senior Associate Pay Manchester UK
Does anyone have an idea of the pay band for a senior associate level role in the UK Or just some examples of your pay in this grade
Working here has been my first banking job
And it will definitely be the last. This bank can do that to you.
Coffee badging firings...
Heard rumors of employees being fired for coffee badging after a review of in office activity in the US, anyone seen this happen?
Glassdoor reviews
Some of the most recent reviews for BNY seem to be more accurate.
What ethical considerations should ALL corporations keep in mind when doing layoffs?
This is a methaphysical a bit but still an important topic, it's imporant but we never discss it. I'd be good to build a framework for cuts which would heavily rely on basic ethical values. It's so messed up now...
Working at BNY can make a smart person stupid
Sometimes I can't believe the words that I'm hearing being spoken by some of the most experienced people here - people who are supposed to know better! I've come to realize that this place has started turning smart people stupid with constant... — read more
Wilmington to Philadelphia?
Anyone know about the BNY Philadelphia location, and if that might be where they force us to report to if/when the Wilmington site closes?
RTO has been such a pain in the a-s
I know it’s only about pushing us out for free. So I diligently follow all the requirements. But I feel so stupid for doing it, because all of it is nonsense. It’s incredible how corporations manage to put us in such bizarre positions. Instead of... — read more