Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Another EC departure

Natalie Sunderland leaving BNY!! We seem to be on a roll at the moment, I'm having trouble keeping up.

Pay check question

If I resign in the middle of a pay period, will my next check be a full check and the next check will be for the partial period that I worked? For example: if I resign on Friday July 19, will my check on July 31 be a full check and the check on... — read more 

Poland - still a growth location?

So I've heard that Poland is no longer considered a "growth location" due to increasing costs, site leaders incompetence and risk due to war in Ukraine. Anyone heard anything from Risk & Compliance?

Got offered the PIP & GO

Should I take it? Has anyone had any experiences one way or the other? Got offered 12 weeks full pay and benefits

A positive post

Before joining BNY, I had an unstable work history with consulting and temp jobs. So far, for the last five years, BNY has given me a stable workplace where I have enjoyed coming to the same office, talking to colleagues, feeling like I belong. I... — read more 

Not bad compared to BNY Mellon SUB.

''Vince won’t have to worry that he made a bad decision in moving from Goldman to BNY Mellon should there be a change in control. The proxy filed with the SEC also shares that if Vince is terminated by the bank as a result of a change in control... — read more 

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What about other banks

Aren't all banks the same from work culture POV? Dog eats dog... Thus layoffs too are a norm.

Full time in India

Not sure if y’all noticed that if in India they stopped hiring full time anymore. I would say 95% percent of them are contractors….

PTSD

Anyone else have ptsd from layoff ever other month? Class action suit thoughts?

What would you do to try and avoid a layoff?

How about offering to work for free? Overlords would jump with joy. And best of all, you get to keep your job! “For half to two-thirds of respondents, that included “working weekends, they would avoid taking time off,” said career strategist Julia... — read more 

In office time tracking

Just heard from a very reliable source that this dump will begin piloting badging out of the building… So they will be tracking hours and not days eventually. Not sure what locations this is being piloted at or when it will start, but just another... — read more 

Major restructure upcoming

Coming from reliable ECs: Exit while you can, streamlining happening. LOBs will be up for sale by this time next year.

Everyday I feel down

I am an mid-senior professional, joined BNY 5 months ago. I feel I have done a mistake joining ths company. At the same time dont want to be explaninng to next companies as to why I hopped job too soon. Having said that, I dont think I can last 2... — read more 

Sub Pay Change?

Is it rumor or fact that the Sub pay policy is changing to disregard length of employment?

RV

They say you should keep your friends close and enemies closer. If that’s true, makes a lot of sense why RV joined BNY, across the street from GS. The GS that fired him

Pershing mid year forced rank/off track

I understand how forced ranking is legal but how do they avoid litigation the way they do it? We all know the 10% selection process isn't legit. The directors/managers fight to save their own people then the "10%" get off track or below expectations... — read more 

Next round of layoffs?

Does anyone know when the next round of layoffs are? I'm hearing November again, so they do not need to match our 401ks. Talk about happy holidays!

BNY The Horror…. The Horror

I've seen BNYM horrors... horrors that you've seen. But you have no right to force rank me. You have a right to fire me, lay me off. You have a right to do that... but you have no right to falsely judge ‘does not meets’ on me. It's impossible for... — read more 

I can’t stand my team

I don’t know how’s for the rest of you, but I think I fell into the worst group of people ever. Lead is incompetent and rude. People in the team create tensions every day, most are trying to offload work on others. There is an inordinate amount of... — read more 

Don't waste your life here

This is a dead-end job. It wasn't always, but it is now. When's the last time you saw somebody promoted because they earned it by being good at their job? I can't remember. All the promotions are given to kissasses. I'm personally not willing to... — read more 

Why do you post incessantly?

Why do the layoff deniers insist on endlessly trolling this site, posting the same comments over and over again? What satisfaction do you gain? I'm honestly curious. There has to be a more worthwhile way to spend your time.

Not on my watch

I actively discouraged a friend yesterday from applying for a job opening here. I couldn't in good conscience let him make that big of a mistake without saying something. I don't know if he'll listen to me, but I made sure to tell him everything... — read more 

McKinsey Platform Operating Model Disaster

The McKinsey implementation of the Platform Operating Model is choatic, unorganised and is only creating more strain on the firm. Led by megomaniacs from McKinsey who have promised Robin 10% headcount reduction as part of the transformation. Run... — read more 

Non manager title upgrade

Any direction whether all promotions are annual? What about non-manager title. From associate 2 to senior associate. If in one role 3 or 4 years can you be reviewed to be moved to the next level

Asset servicing is dead

It’s too late for that group. Once Roman took the helm and hired Mike J and Suzanne M, the three of them did damage beyond compare. Clients became dissatisfied and we couldn’t win enough new business. They created an environment in which talented... — read more 

CNY

So, excited about Micron? Guess what? 20 years ago, BNYM was the Micron in the area. Your politicians get these little bumps when new business is introduced and don’t care what ultimately happens with the companies. Think about that at the... — read more 

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