Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Drunk on Power !

Joined as a manager and rose through the ranks of a Director. What could be his secret of success ? I had one of the worst Skip level meetings with this Guy. He was behaving as if he is drunk on Power. Don't see him as a role model or a positive... — read more 

It's time to update your eligibility

Following the first FULL separation (SUB) payment received, call or certify online that you are eligible to receive the next payment within five calendar days and within five calendar days every payment thereafter.

Can’t stand these people

My attitude gets worse every day. Same conversations with the same people who don’t want to hear anything you have to say when you actually know what is going on. I hope this sh-t model crashes and burns quickly

We're not as easily manipulated

There's a reason why BNY Mellon has been getting rid of its older, more experienced employees. It's much harder to manipulate somebody who knows their worth into doing three jobs for the price of half of one. Younger employees are eager and naive and... — read more 

Agile ..the word of the week

Upper mgmt needs to get a clue. This new “model” they’re thrilled about is just making a mess with processes that don’t have any. How about upgrading our systems and maybe things will be better

Taken advantage of.

What possesses people to work nights, weekends, & while on vacation aroUnd this dump?

Question About Unemployment Application.

I don't want to apply for State Unemployed Benefit and cannot find any new jobs yet. Then, will I continue to receive my subpay, or do I have to apply for State Unemployed Benefit, which is mandatory?

Bnym lockbox pittsburg ops sold

Got less than a week to decide to go with the new company or term. Anyone getting severance packages if u don't sigh? It's due Tuesday 13th.

Lockbox sold operations

A week to decide....no one getting good info. Anyone not signing with the new company getting severence? Tomorrow is the deadline to sign and I prefer my year rather than signing with a company with sh---y benefits. Little time off. Anyone know? ... — read more 

Bonus

Anyone leave after the bonus?

Healthequity HSA?

Anyone know what the deal is? I got a new HSA card from them and walked through setting up an account online but my account balance is $0. Is my current HSA supposed to automatically transfer?

They have nowhere to go but down

Does anyone disagree? I can only speak from my experience in Asset Servicing, but BNYM's business model reflects more of a commodity than a service. What can they really add to the table that separates them from competitors? Custody - most of it... — read more 

Not what it was — Steer Clear

The firm used to be solid. But it has taken a major turn for the worst. Senior management has no direction or real goals. Robin Vince is purposely destroying the very fabric and culture of what use to be a great place to work. Expect layoffs to be... — read more 

Layoffs are the new norm

When can we expect some peace and quiet? My team can barely manage the workload since recent layoffs. Too many people are gone. As if that is not stressful enough, I have to think everyday if I am the next on the chopping block. Worse, I am convinced... — read more 

HR/Benefit changes this last year

Can someone let me know if I’m missing anything? A new forced 30 day (+) leave notice period in the U.S. for anyone VP or above they no longer match 401k with each paycheck and make us wait a year (losing out on any dollar cost averaging and if... — read more 

Sub pay

How long did it take for everyone? I’m still waiting

Another lawsuit

How many is this now? Paid $714MM in March 2015 Paid $180MM in May 2015 Paid $12.5MM in December 2018 Plus millions of dollars more in other cases, now the below. Heads should roll at the top, whose watches these occurred under. Then maybe people... — read more 

New employment

To the individuals previously let go, how long did it take to find another job?

Managers - how do you lay people off?

Are you directed on who to lay off? Performance based, I get. But my friends who were laid off today were the opposite of slackers. Our department is already overworked. I don’t get making the move, just to make a move. How is who goes decided? — read more 

Microsoft partnership

https://www.bnymellon.com/us/en/about-us/newsroom/press-release/bny-mellon-and-microsoft-forge-strategic-alliance-to-expand-leading-capital-markets-data-&-analytics-platform-130373.html Seems like a strange alliance since we axed most of our MS... — read more 

Anyone who has recently resigned

Did the bank let you work out your notice period or were you asked to leave immediately? I know some groups used to ask you to leave immediately if going to another bank.

Next week and layoffs

Rumors are circulating about some minor cuts next week. Does anybody have more info on this?

Retroactive Time Submissions

Are you allowed to retroactively submit in office exceptions? What is the official policy on retroactive time submissions

Banned from BNY Employment

Has anyone ever chosen not to be put on a PIP but rather decided to leave? Only to be told you can no longer apply for any BNY Mellon or their affiliates positions in the future?

Lack of Transparency

If any senior managers or EC or People Team or Robin are trolling this board - please note that your employees SHOULD NOT have to be getting their policy interpretation from a ‘gossip’ site like this. You need to write your RTO (etc) policies and... — read more 

Sub pay pay stub

I noticed on my first sub pay, as expected no 401k deductions, no HSA deductions, no social security deduction, etc. BUT there is no money taken out for benefits. Shouldn’t there be. I emailed the separation email and have not yet got a straight... — read more 

Massachusetts unemployment

Filed for Mass unemployment on Jan 22. Did everything I was asked to do. How long before you receive the first unemployment check?

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