Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Incompetent? Or is there just no leader?

What I resent the most about those at the top is their lack of direction. I would not dare to say that they are incompetent. They certainly are. However, they are not leaders. And leaders are exactly what BNY Mellon needs. Working under people who... — read more 

Todd's Pancake Act

Our CEO started out proposing five variations of WFH arrangements. Made sense. Showed initiative. Made us one of the first financial firms to put something progressive on the table. He really sounded like he could be an actual leader. But... — read more 

It’s our fault

The reality is, until employees quit working extra hours, taking “promotions “without extra pay, continue to make themselves available morning, evening, night and weekends, management is going to continue taking advantage & treating us this way… With... — read more 

EC is out of touch

Meanwhile, EC is out of touch. Using an entire conference room as a personal office is not nearly the same experience as employees. Try being at an open desk all day on client meetings and dealing with clients telling you they can't hear you on the... — read more 

TEAMS SHOULD HAVE A SAY

Managers should get to decide or have a higher say in what works for their team as the EC has ZERO clue the day to day life of most of the company. If a manager thought an employee wasn’t producing the expected level of work - that’s a performance... — read more 

Todd laying blame on Managers

Todd's email lays out that managers are incompetent.l and employees are not trustworthy. He says "complicated for our managers to oversee which employees were where, and when". Hey Toddy, with unassigned seating, are managers to roam the floor... — read more 

Pay Increases

I just recently got a promotion but was told my raise won't start until April?! What is this all about? I'm assuming it's not retroactive, but seriously how can they give more responsibilities and a title change with no change in pay for a year...

Ireland to lose 35%?

Will there really by a 35% headcount cut? Sit tight folks and wait for the redundancy. Use the head despite your heart telling you to leave. Almost there.

Why did you decide to go to the competition?

If the general consensus is that all the big banks share very similar problems, then why are more and more of my former colleagues from BNY Mellon moving to the competing bank I am in now? With all due respect to my previous workplace, but I think... — read more 

BNY MELLON (BTS OPERATIONS)

It does not pay to do a good job at BNY, because then all management will do is give you 7 other jobs in addition to the one you were hired for without any substantial raise and without any kind of promotion. This is a horrible incentive and ki--s... — read more 

Next Layoffs?

Does anyone know when then next round of layoffs will start? Prior to the no-layoff pledge in 2020, BNYM had quarterly layoffs. Also, how do they determine who to layoff? There are so many poor managers that contains to reign and so many good people... — read more 

Return of the Garlic Manager

Despite excellent performance (by their own admission) while staff worked 100% from home, now that the pandemic is winding down, they are back to power games to make sure the help understands they are ‘just barely tolerated by management’. “The... — read more 

Gratuitous hostility & rudeness - why??

I realised that most people around me are gratuitously rude, hostile and unreasonable. The thought of having to deal with them working from home gives me anxiety….I don’t even want to think about returning to the office and having to deal with the... — read more 

Afraid to go back to NYC

Shortly before everyone had to start working from home, NYC eased up big time on criminals via bail reform. Now crime has skyrocketed. Kind of nervous about going to the city and getting attacked on my way to work.

They’re all the same

In my opinion every financial institution has the same problems just in different amounts. For example, there is very little transparency, a lack of vision/clear direction and most importantly - top heavy. You can trade one company for another, but... — read more 

How hard was the decision to leave?

I'm not feeling good here anymore. I used to be proud to work here but now there are many things I don't like at BNY Mellon anymore and I don't enjoy my job very much anymore either. I've been thinking about leaving for a long time, but I hesitate a... — read more 

Do not go back to the office. I repeat…

Everyone do not go back into the office. Way too many people quit giving you the power to do as you want. If you all stand together, they would certainly reconsider. The rating mechanisms from 2 years ago is coming back and so is that culture. Say... — read more 

Lack of HR

Is it me or is HR totally non-existent except for when it comes to downsizing? Nobody communicates info on pay grades Nobody communicates info about severance/sub pay until you're let go It's some big puzzle to determine what activities you need to... — read more 

They ruin talents

Or maybe better said, BNY Mellon suppresses talent? I know a young man who came in with great potential and I really thought he would progress very quickly. However, it didn't happen. Obviously his talent and effort alone were not enough. Elsewhere... — read more 

Transparency?

Asset Servicing in Syracuse... Split clients up by their revenue. Give lower revenue clients to another team. Offshore that team? Never? Oh wait.....

Back to the office.

Audit back to the office tues, wed, thurs. remote mon & Friday. Let’s not forget. We all had additional hours added to our days w/o additional pay last year as well This place just continues to disappoint.

Salary Grades

Does anyone have any idea how they actually work? I'm an 'I' and my base is $100K (rounded to the nearest 10) How about you?

Unemployment Benefits?

Does anyone know if unemployment benefits are available when your commute increases 100 miles a day?

It’s “my way or the highway

That’s BNYM managers, these insecure leaders are too scared to take their team advise, this is then becomes a “it’s “my way or the highway”. Good luck those are still with the firm.

Mid yr review - raises.

We are having mid-year reviews, meanwhile our raises, as pathetic as they are, have yet to kick in. Really funny the sheep at this company. Sr. Mgt says something, like a new buzz word, & it’s a race to see how many times people can regurgitate... — read more 

Layoffs on hold?

I wonder if they are reluctant to initiate another round of layoffs due to all the data showing record numbers of people are quitting their jobs?

TS corruption and hypocrisy

Why are TS managers bringing back their retiree friends, putting them on payroll, allowing them to be based full time from home (which isn't even afforded to current employees), and not requiring them to do actual work or be subject to performance... — read more 

Nothing New Here

Just a lot of whining and complaining. No real layoff Information. Who cares if you left a pair of shoes in your desk.!!! So try to keep this site relevant to layoffs 😎

New job offees

Has anyone realized that finding another company with similar benefits and salary is very difficult? I’ve gotten three offers in the past four months and turned all of them down because the PTO, 401k and salary just couldn’t compare. Two of these... — read more 

Belongings

I left in January and filled out the survey that I want to come in and get my belongings. I keep calling and being told it’s still pending the lengthy review and approval process. I’ve asked my prior manager and he keeps telling me he has to... — read more 

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