Thread regarding Bank of New York Mellon Corp. layoffs

BNY Mellon sets you up for failure

Unfortunately this company sets you up for failure everyday. No one ever goes out of their way for anyone - quite toxic. Sad that you can’t trust the people you work with.

This is 100% true. This happens because the management wants us to be at each other's necks all the time. That way we won't be bothered too much with what they're doing and how they're screwing us over every day. This is our sad reality.

by
| 20979 views | | 8 replies (last ) | Reply
Post ID: @OP+1fpJVL3l

8 replies (most recent on top)

@4cth+1fpJVL3l Because you represent everything that is evil at the company.

by
| | Reply
Post ID: @4qkx+1fpJVL3l

Why are so many of you down voting my comment below? That is the way it is here. 10% always below. I have a team of successful performers that get it done very day using the values. I still have to rate below. So I sit and wait for the mistakes to happen. Sad but true.

by
| | Reply
Post ID: @4cth+1fpJVL3l

I’m so happy when an employee makes a mistake or forgets to do something. As soon as they do, my BE’s are lined up.

by
| | Reply
Post ID: @qzt+1fpJVL3l

Yes yearly goals have always been set as long as I’ve been here which is 16 years. The system has gotten worse in that orders from above trickle down to give up a certain % to save money. Senior mgmt has no clue what we do or what it takes to get a job done yet they keep taking good people and reqs. I agree that employees should have performance goals because some are clueless even after years dojng same job but we need people in order to be able to meet other goals and tasks

by
| | Reply
Post ID: @ziu+1fpJVL3l

As bad as forced rankings are, the complete lack of HR processes to credibly assess employee performance is even worse. Even picking names out of a hat to determine performance order would be fairer than the friendship based process to which teams degenerate without any credible HR goals, measurement and manager tracking. Has anybody ever even received yearly goals before September?

by
| | Reply
Post ID: @pqj+1fpJVL3l

The move to forced ranking was the beginning of the end of the culture (and I say this as someone who agrees that the company long needed to better differentiate performance and weed out mediocrity).

Managers are forever on the hunt for the next ten percent to earn BE and, subsequently, get placed on a severance list.

One small mistake and a long career can come to an end, so why would colleagues help one another, knowing it can help raise others above you?

by
| | Reply
Post ID: @uga+1fpJVL3l

Sorry. I’ve seen this in some departments but do not experience this on a day to day basis
Not saying it’s the best place to work.

by
| | Reply
Post ID: @tle+1fpJVL3l

I haven't been there for a year but when I was there I found employees to be very helpful but sometimes you had to ask 2 or 3 times to get priority because everyone is so busy.

by
| | Reply
Post ID: @xbm+1fpJVL3l

Post a reply

: