Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

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 

Are layoffs coming or not?

We have people who are convinced layoffs are coming and those who are calling them id--ts (behind their backs, of course) because we're so understaffed that any more layoffs would cripple productivity. Is there any way to know who is right? I'd like... — read more 

They always come up with some excuses

When I confronted my boss about his apparent ageism, he argued that older people resist learning new tasks. This is not an individual case, I've experienced some age bias here too. As for resisting learning, it's a total nonsense but they always... — read more 

People complaining

Venting is OK, but complaints only make sense when they are directed to the right ears. Unfortunately, I don't think anyone at BNY Mellon cares about our complaints anymore. Perhaps only some rare managers do? It seems to me that the management... — read more 

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Post ID: @OP+1iend6lr

Get rid of summer intern program

Don’t get me wrong, it’s good to have ambitious kids in the place willing to help, but it’s difficult to justify their existence when they are just given busy work in rough financial times while the company can post on LinkedIn how amazing they are. ... — read more 

I have no incentive to fill an open req

Doing so will add more people to the team which increases the chance of me or sometime else being let go next. The layoffs this week were given to strong performers who just happened to be in high cost locations. These were people who climbed from... — read more 

3 days a week in office starting September

Received verbal confirmation that Robin is pushing to enforce 3 days a week in office starting September. It’s being disseminated to the management layers now to start giving people notice that it is coming.

PMP is abused by managers

After 2 years of "below expectations" I had a massive argument with my manager, and quit the company. Previous manager for 7 years, I always achieved expectations, and we got along great. BNY abuses PMP to push people out the door, by demotivating... — read more 

The only positive thing about still working here?

I don't care anymore if I'm fired. The work environment is so bad that I couldn't care less if they removed me from it. Layoffs are now a desirable option. If they paid me to leave, that would just be the cherry on the cake. I have to tell you, it's... — read more 

How much more could they cut?

Most teams across the board seemed understaffed and overworked. But if they keep cutting it more we are sure to get poor service levels. Where are all these expenses coming from anyway? Technology? Failed digital initiatives? Too much people... — read more 

Does anyone have more details?

I've heard rumors from many people that there will be more significant cuts in August. I don't know how much truth there is in this. It seems that no one has more insights to share. I am interested in target groups and how big the cuts will be... — read more 

Be careful who you trust

People who you think are your friends at work are not. I told somebody I considered a friend I was applying for other jobs and within a day he told my manager about it. You can only imagine what kind of a situation that put me in, especially... — read more 

Why does our ETF business stink? Pierce it!

The people that run out ETF business are terrible. They couldn’t manage a paper bag. How could BNY bungle the biggest asset management trend of the past 20 years?!? And now they have this business to attract cobwebs? Maybe the GS people can... — read more 

Non- vax’d to the office.

Suddenly- they can’t wait for us to come back to the office. & the irony of all the climate propaganda spewed by the company yet their requiring unnecessary commuting to the office for collaborating with others in other countries via teams in the... — read more 

Deferred test due to Covid?

Anyone else had there pre-hire Dr*g test deferred due to Covid and then never heard anything? It’s been almost 5 months and still nothing.

All the banks are laying off and firing

I'm a little shocked that we're still waiting for our turn. Usually, our management is very layoff happy and they'll use any opportunity to get rid of employees. Does anybody know what's going on in regards to this? When can we expect to join the... — read more 

Enterprise Data Management is a sad Joke

Cronyism lead leadership, bad decisions ,overblown and overspent budget bleeding off North American consultants to pay for an operating model that supposedly was in existence last year. This is a Harvard business school case study for how to ruin a... — read more 

The worst bank I've worked for

Transferring here was the worst mistake I ever made in my career. I have never been forced to work with a more unprofessional group of people than here. Poor decision-making is the norm with no accountability when things go wrong. I'm leaving less... — read more 

End Lake Mary

Failed experiment - Multiple clients gone as a result of bad service, losses galore, bleeding staff, cr-p talent pool, poor leadership...list goes on

BONY pay for Principal in London

Please advise: what the pay range is (Min, Mid, Max) in a compliance /AML role in London, UK I believe the grades for Principal are J-L grade How much percentage of base pay can be expected as bonus Is the hierarchy VP

Regelman - what does he do, exactly?

Does he just travel the world and put the photos on LinkedIn? He has the emotional intelligence of a 2x4. Every time he opens his mouth morale drops another couple points (if you can understand what he says). The 3 yr “digitizing this very bank”... — read more 

I need a break

I've been working so much that I barely see my kids. I feel like I have to choose between having the bank outsource my job if I slow down or having to outsource the raising of my own children because I have no time for them whatsoever. And yes, I've... — read more 

That really pi---s me off

All I want from my manager is for him to have a little understanding that most of us are already overwhelmed and that constantly changing requirements (when it is not justified) exhausts me to the point that I am thinking of accepting a lower pay... — read more 

What do they do with shares they repurchase?

Do they just repurchase shares and give them to management? Page 4 of the slides for the earnings call shows we had 808M shares outstanding the 1st and 2nd quarters. Yet in the second quarter we bought back 3M shares. How can the number of... — read more 

J grade pay ranges in Manchester, UK

Hi, my manager is saying he is putting me forward for a J grade role, but I'm not being given any details about the potential salary available. Would anyone know what the bands are for a J grade VP in Manchester? (currently on 35K on I grade). Many... — read more 

Application Status

Anyone know what the different status' of submitted applications are? Seen a few that so under review or no longer under consideration.

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Post ID: @OP+1hJVAq8J

It's not all about the pay either

Of course, a higher pay is one of the main reasons why people leave, but it is certainly not the only one. Some people left after a decade here and accepted a much lower pay elsewhere. Actually, I believe there are many such cases? Perhaps management... — read more 

How does your manager react

when you tell him that you didn't have time to finish something? Some here advise that you should draw the manager's attention to the fact that you are overloaded and do not have time to finish everything. I don't know about you, but my manager... — read more 

Death, Taxes, BK stock in 40’s

LOL our stock has been in the 40’s since Bush was president. How incompetent is this BoD that they can’t figure it out? Is anyone home?

Don't rush to leave

I'm all for finding a better job than here but please make sure that you ARE making a move to something better and not just leaving for the sake of leaving. A friend did that and he soon found himself in a worse position even if he didn't think it... — read more 

Juggling a heavy workload

I'm totally drained and I still haven't found a new job. How do the rest of you manage to deal with heavy workloads?

Recs cancelled due to tech overruns.

I was told that recs we had approved & interviewed for were now cancelled, meaning the work these new teammates would have been doing will now have to be spread over the rest of us!! Apparently too much $$$ were spent on tech, so they have to claw... — read more 

More information is often better for everyone

Someone made an excellent point that there is generally not much reason for BNY Mellon to keep some things secret. This is exactly what is happening here, things that should not be hidden from employees at all become top secrets. This is certainly... — read more 

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