Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

It's nothing more than a paycheck

I find it fascinating that managers expect me to care beyond a paycheck. How can they expect that considering how treated we are? What motivates us to go beyond our job description? It is increasingly clear to me that mgmt is... — read more 

My Benefit Wallet

Has anyone else had a problem with MYBenefitWallet not sending them a debit card or taking for ever to process an online transaction to pay medical bills? BNY Mellon only the best for its employees...ugh!

Retaliatory Quiet Quitting

Financial service workers aren’t organized, but they have other powerful ways of expressing dissatisfaction, ‘quiet quitting’ among them. When a corporation finds cheap labor, it’s called ‘good business.’ When an employee gives less but is paid... — read more 

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Post ID: @OP+1k2IAObJ

Pershing needs to get its house in order

Pershing has some serious issues, the first being they have driven the talented people away and all the average to low performers stay. If you are actually a good employee some leaders feel threatened by you. The culture of just rewarding “the... — read more 

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Post ID: @OP+1jZkZPDZ

Reality Check

FULL DISCLOSURE - I am no longer employed by BNYM and I do not care about downvotes. With that in mind, most of you that still work there and frequent this board to complain will still work there at this time next year. The specifics of those... — read more 

Peaking survey

So they continue to put out the stupid peaking surveys…. Claiming that they want our input. I seriously doubt most employees asked for reduced 401(k) benefits, pending layoffs, and mandatory three days a week in office. Funny how this reduction in... — read more 

RTO 3 day requirement

Hani Kablawi reiterating the minimum 2-3 days in office really means 3 days minimum on the EMEA town hall this morning

401k match will be received the following year!

Email just went out about 401k matches being distributed the following year, end of first quarter for the prior year starting Jan 2023. Just when you think you’ve seen every way they can sc--w you….think again.

2023 - It’s Going to be a Challenging Year

All signs point to stress in the financial markets hiring will come to a standstill with the exception of key positions. It’s foreseen that layoffs will dominate, which will in tern have a domino effect on adding further stress to the financial... — read more 

Let go of the loyalty trap

For some reason, there are people who have decided to remain loyal to this place. Isn't it actually surprising how many are still here out of loyalty even though it is not rewarded through some special work opportunities? Maybe it used to be... — read more 

Our business model

It seems that our business model is failing again. I remember when we were told when rates rise, we will be golden. Not really seeing that. I also remember when J. Carter Bacot did not want to invest outside of the US. Now we are heavily... — read more 

Layoffs?

Layoffs used to happen after Thanksgiving. Does anybody know what’s happening this year?

Nataile Sutherland Doesn't Get it

No communications experience, running communications and marketing. Guess which side is floundering? Many communications people have left. All the re-staffing happens on the marketing side. She's a nightmare!

Unrealistic deadlines

Unrealistic deadlines are a recipe for a disaster. It's really not clear to me whether our superiors don't understand that deadlines are unrealistic or refuse to understand it!? I tried to communicate the situation clearly and to explain that it... — read more 

No incentive to transfer internally.

You will get no bump if you take a new job with the same grade. If you were at the minimum already, that doesn’t even matter. We all know if they took someone off the street for that same job, they’d get it at higher pay. Same with taking a higher... — read more 

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Post ID: @OP+1jRMRMCx

This applies to the whole company, not just HR

Stop treating people like they’re human chattel. Give a fair wage for a fair days work. Help people to grow in their careers. Stop acting as though you hold the power because you hold the information. Great organizations lead from the front and don’t... — read more 

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Post ID: @OP+1jRcV27w

Rewards at BNYM

Not being selected for a layoff should not be considered a reward. Change my mind.

There are still many very talented people here

That is very surprising, considering that most people with such skills can find a much higher paying job. The stress and pressure certainly cannot be greater than here. I doubt that is possible. Of course BNY Mellon will not change anything as long... — read more 

BNY mgmt and HR should be ashamed

BNY mgmt and HR should be ashamed of themselves as they can never grow business to support hardworking employees. but they are always growing their pockets. The only way they can do is cut the expenses and that’s by cutting benefits like HSA... — read more 

Transformation of a workaholic culture

When I first got a job here, I realized that this place fosters a workaholic culture. Employees are encouraged to take pride in their workaholism. Then that culture began to transform into something equally bad - truly hard workers became less and... — read more 

Where is the ROI on Roman’s Investments

Has anyone noticed Roman loaded up on ESG and Digital/Data high cost talent over the past several years-where is the ROI and revenue generated from this inflated area??? Robin-maybe you should ask Roman?? Spending years in the alternatives area... — read more 

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Post ID: @OP+1jKQyYH2

How much overwork is too much overwork?

I am preparing to tell my manager that my work has become more than overwhelming. He never stops adding more work to my plate and at this point it is starting to damage my health. Unfortunately, I am afraid that the answer will be that it is not... — read more 

Moving from level M to S (director to MD)

How long does it typically take to move from a level M to an S? Recent joiner at M level, and want to keep an eye on what it'll take to move up. I know it's case by case with everyone, scenario and your boss. Any advice would be great.

The power of balance

It seems that with the headwinds we are facing in 2023, the short-lived balance of power that employees held the last few years is pivoting back to the employer. As a long-term employee, I am unsure if this is a BNYM only thing or the same... — read more 

Layoffs started?

I was hearing managers are already asked to drop some people. I noticed some groups already 1-2 people smaller. I can count at least 3 groups in past 2 weeks

Massive change in IT and Risk

Almost 30% of the workforce will be eliminated, and within risk management, Vince will bring his old trusted GS folks

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