Did I hear it wrong? No. Emily P really called layoffs “culling the herd”. She said it many times during her Pittsburg town hall. That’s all they think of us. Cattle. This co has lost the plot. Time to revolt
Time to leave?
Bonus and 401k match posted, time to leave? Give an up vote if you agree.
Who came up with the idea that constant challenge is good?
Why would anyone think that constantly changing jobs, and living in fear of losing your home/savings/health insurance is somehow good for you? Makes you stronger, or what? Nope, it just makes you stressed, a state which takes away from everything... — read more
Platform Operating Model
Anyone know why, how and where is this platform operating model idea comes from? I am hearing from our team it will be implemnted in February, and it will be huge changes on the way we work and operate. Comments?
Sareena Dalla
https://www.pershing.com/content/dam/pershing/documents/pdfs/perspectives/driving-forward-an-interview-with-sareena-dalla-brookshire.pdf What does this joker did so far? Anything useful on the Product Vision?
Unemployment Question
Filed for unemployment. Now they want to interview me and the sample questions seem odd to me. Why were you let go? Did you know you were going to be let go? Can I work? That last one ki-ls me. (Why yes i can but my company let me go and is now... — read more
401(k) Vesting BNY Contribution
I know the vesting period is 3 years, but is it 3 yrs from from your first day? So if you started July 1, 2021, after July 1 2024 your 401k contributions from BNY will be 100%? Or is it full year? Ie Jan 1 2025?
Have the salary bands been updated since 2015?
The most recent file I have is effective from June 2015. Does anyone know if the numbers have been increased since then? Knowing BNYM, I’m guessing they were decreased.
Feb 5th
Brace yourself, 5% across the board
RTO
Is anyone else having discussions with managers about RTO? Today we were informed you have to be in 60% of “days available”. Whereas we were originally told, “holidays, vacation, sick time, work from anywhere” etc counts towards your required 12 days... — read more
when are 401k FY matches given out?
any specific date? they sure are taking their sweet time, not surprisingly
IP Address Office Tracking
How true is the whole IP address tracking while in office? Are we being tracked by a specific amount of hours logged in the network or is it all a bunch of BS.
New RTO Policy?
Saw a comment about new RTO being announced in Feb, 3x/week, all current remote employees being forced back in? Anyone have more details? For Woodland Park office closure and now reporting to Jersey City by July, will those >50 miles be allowed... — read more
Never thought I'd say this, but I miss Charlie
Don't get me wrong, the anti-remote work fiasco and the high layoffs during his time here made things stressful, BUT, he played the villain pretty well. Everything bad could be traced back to him and it was something to bring us all together. He... — read more
Human Resources
Why do HR take so long to answer simple questions regarding the separation document
Salary ranges
What are the salary ranges for all the grades? Can this be found on MySource site?
Unemployment app SUB payment question MA
If in MA, do you indicate YES on unemployment app question indicating you will receive the SUB payments?
If you leave, make sure you have no BK stock in your 401K
I've been at my new place for over a year but only a few months ago, I moved my 401K balance to an IRA. I forgot about 5% of my portfolio was BK stock so unfortunately that's a separate process. Computershare is kind of a pain to deal with it and... — read more
Being laid off would be a huge relief
I'm still here only because I've been waiting to see if I can get severance. I've been here long enough to merit a decent sum and I don't want to pass up that opportunity if I don't have to. But if I'm still here after this round, I'm not sure I'll... — read more
Is it true about tomorrow?
If it is, please share any info you have. How many people will be affected? Which locations?
East Syracuse reopening
I heard they are reopening the East Syracuse office.
tomorrow is layoffs again
those fockers
Quit by not logging in
If I just stop logging in, what is the termination protocol?
Notice days and accrued PTO
My grade level requires 30 days notice for resignation. Since BNY no longer pays out accrued vacation, if I resign, and have 10 days accrued, can I use that as part of the 30 days? Basically work 2 weeks and use vacation for the other 2 weeks. Or... — read more
Platform Operating Model
Anticipating layoffs with the upcoming org changes especially teams that don’t neatly fit into the model… anyone have the inside scoop?
Asset servicing is a shitshow
Brutal environment…..
4 week periods - 3x a week
So we’re all having to come in 3x a week, or 60% of any given 4-week period. Well I ‘say’ we all are, but looking around that’s definitely not happening in my location. But my manager keeps our team to 3x a week in office for sure. But why is it such... — read more
Non compete
Are we in non competes?
Get rid of useless managers!
Yes, I know there are plenty of good, even great managers at BNY Mellon, but there are just as many who are horrible, have no idea what they're doing, and are trying to convince others they do know their stuff in all the wrong ways. I'm tired of... — read more
Your best option is a lawyer if unfair package
BNYM is notorious for conditions on packages being against state laws. If you think your package is unfair talk to an employment lawyer. Consultations are typically free.
huge tech re-org happening soon
POP initiative 40% cut expected across eng,ops,product, architecture, etc. wave 1 comm expected soon
Lawyer?
Did anyone hire a lawyer to review the separation document? I’m considering it..
SUB vs severance
Does anyone know if certain levels receive severance rather than SUB? Curious to know if Directors or MDs are treated differently. (C-suite is a different story) Thanks.
Part Time Job before separation, Subpay?
I was reading over the separation documents and saw that you are ineligible for subpay when you start a new job, even part-time. What I have had a part time job I was working before I was let go from BNYM? Would working that part time job make me... — read more
Support and Well Being
Everyone sign up 😀
What happened to work-life balance?
Everything is competition nowadays, to the point where most employees are forced to extend work hours to appear competitive. This creates a negative work environment that completely drains employee energy and makes it increasingly more difficult to... — read more
401K
If you were there through year end, but let go last week, do I still get the match?
separation documents
Where can we find the employee confidentiality agreement? Are we in non competitions