Hello, I was wondering if there are any rumors about layoffs in KYC? I sort of wonder if my manager might have hinted at that recently. I am based in the U.S. Although, since KYC is the first line of defense, it seems to me that it would be more... — read more
What is with Wealth Management
What is with Wealth Management? Hearing rumors there was a big quit in their Tampa office now.
Don't expect to see a slowdown in layoffs any time soon
So much for a soft landing: Nearly 40% of companies are still expecting layoffs in 2024 2023 saw the job market slow as well as the rise of the “quiet job cut” (counterpart to quiet quitting). And now, as 2024 rolls in, business leaders are... — read more
Beware of Voya if you're terminated.
So my job was "eliminated" a few years ago just as I turned 55. I had a couple million in my 401(k) so I decided to not quit the hustle and bustle and was living off savings the last few years while I converted some of my 401(k) to the ROTH 401(k)... — read more
TS is bringing the bank down
What a clown of a department
Layoffs and Bonuses
Hi, if I get let go in dec-January do we still get our bonus for 2023 since you worked the whole year?
Layoffs on dec 18th
Has anyone heard anything about layoffs on December 18th?
End of Year Promotions:
How Hard is it to get promoted at the end of the year? Is it typically performance based or decided by Senior managers?
Bonus timing
Is it February still?
There is a HR ja----s trying to downvote and sc--w up real comments .. just like glassdoor .. they are trying supress real views
Whenever there is a negative comment - immediately someone pops up with an positive comment without any real content. Just like glassdoor this forum is becoming time waste.
BNY Mellon to Expand Presence in Lake Mary
https://finance.yahoo.com/news/bny-mellon-expand-presence-lake-135900252.html Our "leaders" are going to spend tens of thousands of dollars to lay off an employee in Syracuse or Pittsburgh and tens of thousands more to find a replacement in FL just... — read more
A question regarding layoffs
Are newer hires eligible to receive severance during layoffs? People who have been here for under six months? I left a good job to come to BNY Mellon but with the constant threat of layoffs, I'm thinking I made a mistake. I hope that I'm entitled to... — read more
Met Expectation
I worked my a** off this year and received a met expectation. Anyone else have a similar situation?
State Street 1500 layoffs
Are we next for another round? Seems like they are ramping up their Indian operations.
RV, Failure is NOT an option
It’s business. You all know that. We’re a bank and attempting to be a technology company. Kinda weird right. The dude came from GS. He’s here to make an impression, clear the fat, make it lean, pump the stock, and then after all that move on to... — read more
Salary Bands
With the minimum wage increase, does anyone know how the salary bands shift for each grade level? No need for sarcasm, I know it's probably not that big of a shift but I'm still curious where I land.
Has anyone gotten their 2023 year-end numbers from their manager?
Heard that the original merit increase/bonus pools were bad (20% less than prior year) but managers submitted them many weeks ago. Then the already bad pools had 40% taken away and managers had to resubmit. Now hearing whispers that they have been... — read more
PSA: equipment replacement will be taxable
If you place an order for a new headset, webcam, keyboard, laptop, anything, really, BNYM will fulfill it, but they'll pass the tax onto you and you'll see a line item in your pay check that shows the taxes you owed. So far this is only for... — read more
Managing Director Promo's
So many nondeserving promotions, simply an amazing place.
I'm nearing my burnout point
Is anybody else so overworked that they're just waiting for the day they're going to snap, say "fu-k it," and quit?
In office exception
On the homepage, there is a link to iin- office exception reporting. Within that page it talks of tracking whether or not you’re in office via in-office connectivity. Also claims they are not tracking hours connected….. just whether you connected in... — read more
I'm stressing so much
Even when we're fairly certain there won't be layoffs in the next few weeks or a month I can't fully relax. All I do is stress over it. I think things have gotten so bad that even in the few calm moments we get, the prospect of what we know will come... — read more
Woodland Park office closing
Employees relocating to other offices effective immediately.
Required Remote Inspection
Has anyone gotten a Required Remote Inspection - Virtual meeting request? We have no idea what it’s for.
December Layoffs
Any layoff expected for this month? If so when?
Too many BBH expats ruining things
BBH has a more white-glove service model compared to competitors in the industry. But they also put themselves in a position to almost be bought by State Street. While that was happening, many of BBH's finest came here. Many of these people are so... — read more
Oriskany
Is it true that there will be minimal raises and no promos for Oriskany folks?
Return to office is ‘dead’
https://www.cnbc.com/2023/11/30/return-to-office-is-dead-stanford-economist-says-heres-why.html Discuss.
Let’s make a list of what our leaders have stolen from us…
Perpetual Interest Free loan of current employees’ 401K match to the Bank for their use. Theft of 401K match if employee leaves Theft of Bonus if retire before payout. Loss of accrued vacation if terminated, retired or resigned, even with good... — read more
The precarious worker
Welcome to the dawning of the Di-kensian age in America. Row well and live! 😂
New minimum starting wage 46,800.00
So all new hires will start out at 46,800.00 per year starting March 1st. 22.50 per hour. Anyone making less than that will receive an increase to bring them to that amount. The people that have been here for years and barely make more than that ... — read more
Accrued vacation no longer paid upon termination of employment
Buried to today’s Corporate Policy Update, effective January 1, 2024: “Employees will no longer receive pay for accrued, unused vacation upon termination of employment unless due to health of an active employee or as otherwise required by applicable... — read more
BNY Mellon is a huge McKinsey experiment now.
Robin invited McKinsey in to redesign the way the bank works. He and Dermot are sitting back and watching how the chips fall. No care at all for the careers they destroy along the way. We’re only lines in a spreadsheet to them. Maybe they’ll succeed... — read more
5 days starting in january
are they not going to give us any heads up or what? oh hey come in 5 days starting next week and make sure you find childcare!
Do you agree those click through online tranings are waste of time in BNY?
I basically can't learn anything from those click through online trainings. I can just screen shot and click them through to get a passing percentage.
Why has this been the lowest layoff year for BNYM in 40 years?
There has to be a reason… Thoughts?
Question
How many on here actually perform like they should ? You know hit your goals, have good attendance, know your job etc etc? Because all I see is mgmt blamed . yet as a mgr I’ve had to become a babysitter to adults who don’t follow rules, direction... — read more
Trying to understand
When I joined BNY, I felt motivated, challenged and inspired by Bank’s unique position in global financial markets. But by the time I left, I was equally demotivated by cliques, favoritism, lack of new projects in my department, overhiring during... — read more
Numbers for next year
For my group - 20% First names to be given one day before thanks giving.