Rumor is the 2 to 3 day in office mandate will be 3 for many departments , including technology in 2023. Say that coming. What a sh*t company.
Don’t expect much in your raise package
I have from a reliable source that raises will be sub 3% as usual. These people have the audacity to call a negative real pay raise a “merit” increase. Meanwhile, other companies are giving out extraordinary inflation raises out of time of year end... — read more
It just seems things are getting worse and worse
People are stretched very thin, working so many extra hours for little reward. Benefits seem to dwindle more and more every year. Internal websites get clunkier and clunkier every month (most infamous is the oracle HR website) and are difficult to... — read more
Corporate Treasury
What is going on here? I've never seen leadership (mostly just the person in charge) berate and abuse teams so much in my entire career. This isn't humane, nevermind sustainable. Is there any hope left?
EOY ratings
What does it mean my rating will be effected if I choose not to come back to the office?
Rumors of "retirement" buy outs - different from normal severance?
Rumor this week that the firm is exploring early retirements/buy-outs/etc. This is new and not the normal layoffs they historically do a few times per year. Anyone knowledgeable on what they will entail?
March Mayhem
Mass Middle Management layoffs planned in March 2023, remote work exposes widespread lack of requirement
Micromanagement in the office and during remote work
Some say that the matter of returning to the office is actually a matter of control over us. How can I agree with that when I feel more micromanaged while working from home than in the office!? Do others really feel much more micromanaged in the... — read more
RT Group using H1B hires for special roles
High compensation, free education, path to US citizenship, legal help and many other perks offered to those able and willing to meet requirements of RT Group.
How is “two to three days a week” the minimum?
Is it two, or is it three? If I am just doing 2, am I meeting the expectation? How many pieces of flair do I need to wear, Stan?
Don't forget to get your self assessments done!
Yes mid-year reviews happen in July Yes year-end reviews are due 3 months later Yes it all occurs on literally the worst website ever created
PAC
Can’t wait to donate to the banks PAC so they can bribe politicians to continually push HB1 workers and fight against capping OUTRAGEOUS executive comp They suggest I donate basically 50% of last years raise. Tone deaf
What kind of attorney roles exist at the Pittsburgh office?
Anyone know what types of jobs there are for attorneys at the PGH office and if so what lines of business etc.?
Maybe they should at least try to keep the best ones
The mass exodus continues but that doesn't seem to worry our leadership at all. It is simply unbelievable to me that they are letting the best people go to the competition so easily. Does anyone know if they even tried to keep someone from leaving? — read more
Hanging on to the worst while the best keave
How is someone like the CMO of Investment Management still here? spends millions on vanity projects that do nothing to help grow the business. On right the good people leave or are laid off… terrible leaders like her stay on. That’s BNY Mellon. She... — read more
Back to office
Has Anyone got the boot for not coming back to office?
Just in case you're interested in what's happening...
http://www.shadowstats.com/alternate_data/inflation-charts https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html
two months notice peirod
anybody can share how to shorten the two month notice period? It is just insane. Every other companies I worked for only require two weeks, but BNY requires two months for my level.
The inevitability of layoffs
There are many rumors about layoffs that have been circulating here. I had a little discussion with my colleagues about whether more significant layoffs are inevitable and the opinions are very divided. What do you think? In any case, BNY... — read more
Bank of New York Stock Jumps on Earnings Beat, Surge in Net Interest Revenue
Bank of New York Mellon BK +4.97% earnings surpassed analysts’ expectations, joining other lenders in helping to boost investors’ confidence in the economy. The bank (ticker: BK ) on Monday reported adjusted earnings, which removed a goodwill... — read more
Earnings report
Lipstick on a pig?
Job Grade for Colleagues
Is there a way to see another colleagues job Grade and/or title?
New redundancy at BNY
Another round of redundancy is ongoing in Europe. Employees with years of experience and knowledge are cut to lower costs. That’s how short term shareholders get more but in the long term all knowledge and experience of and for clients are gone. — read more
RT Group spending hidden
Whilst the villagers toil and suffer; RT Group has no real oversight. Budget in 8 figures
I would like to volunteer
In any case, I think that at this moment there are more people who would gladly volunteer to get laid off, than those who want to stay here and go through enormous stress every day. Am I wrong?
More Layoffs Coming!!
Sorry to say there will be a massive layoff round come January, unprecedented in scope. Feeling is to get ahead of global economic crash being foretold by many. This has been confirmed to me by 2 people I trust. Major push to hire massive amounts... — read more
BNY Mellon Adds New ESG Ratings to Securities Lending
BNY Mellon today announced new enhancements to its securities finance platform to help clients analyze their agency securities lending program alongside their sustainability goals. The announcement comes as stakeholder demands for increased... — read more
Search under way for new CIO
Let’s just say the current CIO’s accomplishments in the area of automation are quite a bit closer to zero than the board is comfortable with.
Hard work does not pay off at BNY
I worked my tail off for years at BNY but i was told I never exceeded expectations and that I would have to wait another year before I would be considered for a promotion. Since my talent was being overlooked I decided to apply outside the company... — read more
How hard are you trying to find something new?
Venting is good, but venting does not solve any problems. It is best to try to find something new. I have some colleagues who openly complain, but for some reason do not do anything to find a new job and leave this place.
Quiet Firing
Quiet firing is when management makes a workplace unappealing in the hopes that an employee eventually quits. This concept is a passive-aggressive approach to performance management. Rather than confront an employee and terminate the team member or... — read more
It has started…..
Tough day in AS Ops.
So much stress
This is a terribly stressful period, and the worst thing is that I think that after the layoffs, the stress level will be even higher. How do you even do your job in these conditions? I can't focus on work at all. Tons of work, difficult manager... — read more
Get rid of those close to the top
I hop many overpaid and do-nothing executive managers, senior group managers, and managing directors get fired and their big $$$$ salaries partially saved and partially used to properly compensate and retain real hardworking employees. This would be... — read more
Are couteroffers still a thing?
You know, when you find another job outside but you tell your manager and they can offer more money for you to stay? Is that still a thing here?
The wrong approach to layoffs
Instead of laying off good, hardworking people, why doesn't BNY Mellon finally start getting rid of managers whose lousy work is rewarded with huge salaries? How many excellent employees, whose talent and knowledge this place desperately needs... — read more
Remember, you are in charge of your life
You should always be looking for a new job. Whether you are planning to quit or not and whether you are worried about layoffs or not. That's how you remain the master of your own destiny. If you are simply waiting for layoffs and not being proactive... — read more
Our benefits lack greatly compared to peer companies
BofA gave cost of living increases to everyone making under 100k in June. They are rolling out a sabbatical program allowing employees at 15, 20, 25, 30, 35 and 40 year milestones to take a sabbatical of 5 weeks + (duration depending upon seniority)... — read more
Layoffs today
Hearing of multiple layoffs today. Can anyone confirm and where?