Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Good Luck this week

People say there will be no layoffs, but there will be just as there was in August. This is a known week. It may not seem like much across a firm of our size, but they will happen. I hope you get what you have wanted, whether that be continued... — read more 

Sub package

Can someone please confirm that it is still two weeks for every year an employee has worked here? Or is there now a cutoff date? I was trying to find the thread that discussed this but was unable to locate it. I am getting worried and just want... — read more 

I'm happy to work extra for extra pay

Am I the only one who's tired of wearing too many hats but only getting paid for one? I'm not married, so I have no issues with working 50 or 60-hour weeks. I'm more than happy to work on weekends as well - but as long as you pay me properly!... — read more 

All those managers

Of course, there are good managers who do their job well, but the problem is that there are too many who are completely useless. Does BNY Mellon need this many managers? I think that they are not needed, but perhaps someone thinks differently? On... — read more 

Elon Musk is trying to colonize Mars...

...while BNY Mellon is struggling to reduce the thousands of faxes they STILL send every day via automation. Now which company looks more interesting to an ambitious, bright young person? Where is the exciting vision of the future? What, they are... — read more 

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Post ID: @OP+1iJJUE6d

Chief Technology Officer says Layoffs likely

This was confirmed by multiple sources. The layoffs will affect AM and AS broadly and deeply. This round will mainly be management. Another rumor around this is a change to business model where lower level people will be given more leeway to make... — read more 

Workplace pizza Wednesdays!

Yes. This made my commute in & paying 4/gal for gas, money to park & waste 2 hours commuting to be on teams meetings with my door shut with India colleagues worth it! Pass me another slice of pepperoni

Salary increases due to inflation

Some companies are starting to increase employees salaries to soften the blow of Biden's inflation hike. Will BNY follow suit?

RTO

What happens if someone refuses to return to the office? Anyone had this situation?

Why so much resistance towards working in the office?

Interestingly, some who first resented having to work from home, now resent having to work in the office. How is it that before the pandemic no one objected to doing their work in the office and now suddenly many are objecting to it?

Question about references

I've been actively looking for a new job but I'm worried that any serious offer might end up in them contacting my manager for references and then I'm screwed. He's the main reason why I'm leaving. He's been making my life a living he-l since I... — read more 

Managers attending RTO training

Hearing that managers are attending training to help get their team back to The office for required days if hybrid! Also hearing that it’s a hot button issues of senior management and that report tracking is based on swipes onto floor where your... — read more 

GCM Layoffs?

I’ve been hearing that GCM will be hit. Does anyone know when?

Corporate Jets

Does the company still own a couple corporate jets?

Internships

The new interns have a starting salary of 150K. They have no experience and no proven work record but given this high salary. Which id--t on the 15th floor at 240G signed off on this? These salaries will throw off the budgets of many LOBs, probably... — read more 

Global Client Management?

What is this group??? I came across some old pay bands where some of the directors are making anywhere from 500k up to 7 figures. How does one get into this group??? What do they do? Is this sales?? Are they hiring in Pittsburgh?

Reasons to Quit Your Job

You get no joy from your job. A toxic work culture. There is no room for career growth. You want greater work-life balance. Your salary is too low. You have had a life change. You are relocating. You want to change careers. The company... — read more 

It’s not a learning organization

That’s the #1 reason I’m accepting an offer from another company this week BNy sits you in front of decades-old technology and punt to Pluralsight — where you half learn interesting skills that you won’t get to use in your job. It Just isn’t a good... — read more 

Major layoffs coming

The bank isn’t doing well. They are going to force people out. Get ready for a similar culture during chucks time…

I still love my job here

Reading some of these posts here, one could say that morale is so low that no one cares to keep their job here anymore. The environment is very stressful, but it's hard to find a job anywhere that isn't stressful. I'm not here to defend BNY Mellon... — read more 

BNY stinks

Can anyone here come up with one positive in regards to BNY? PROS: monopoly on federally subsidized custody game (everyone else left) CONS: Layoffs, stagnant stock price, corporate cronyism, overpaid executives, outdated technology, nepotism... — read more 

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Post ID: @OP+1in8ejBe

Old technology

Maybe it's expensive, difficult and risky, but I personally think it's necessary... Isn't it high time for BNY Mellon to invest a bit more into our technology?

Forced retirement for 55+

Has anyone heard of over 55 being asked to retire to save comp monies? I heard the budget is a disaster so trying to make up on high earners.

7 years in Banking IT (BI)

I am getting an offer to take a job in a Fortune 500 IT shop for a large food company. After 7 years in Banking do I make a move? The money is is the same, the role is very similar. I just think I've accumulated a lot of functional knowledge that... — read more 

Treasure Services

Does anyone feel that leadership in Treasury Services is lacking? What has JW ever accomplished? We have been in the dark on the servicing side ever since she took the helm. Formalized training and documentation is non-existent, yet she promotes MF... — read more 

Jeremy@Town Hall this past week

I listened to our recent town hall this past week where Jeremby Dobrick stumbled twice in the same sentence attempting to state the return to office. Interesting, that he couldn't get it out of his mouth. Immediately after this meeting I started... — read more 

They don’t respect their employees

Employees should be treated as ‘value creators.” They can no longer be a ‘cost’ to be squeezed and dehumanized. That’s the secret to success that eludes BNY Mellon management.

Reputation is rapidly falling apart

I believe that BNY Mellon is rapidly losing its reputation as the best and most capable employees move to competitors. It it was up to me, I would do everything to prevent this from happening. But to our management, it seems that reputation is no... — read more 

HR propaganda

The banks HR/PR staff is as bad as government in spewing propaganda. Continuously talking about water cooler conversations & how great it is seeing people in the office to collaborate. Bottom line, almost everybody I deal with is in a different... — read more 

Management bias

In recent years, management has not hidden their bias that long-timers are lazy and complacent and those who will replace them will run laps around them. So they push people out, hire the new stars, who, despite being given sufficiently more... — read more 

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