Hello, as the BNY People Leader and member of the BNY Executive Committee, there are many posts on this forum the scream loudly for executive leadership attention. People concerns for accountability and transparency on topics related to business transformation and responsible leadership, stewardship of Human Resources and governance. While this forum is outside of PeakOn surveys and other formal feedback mechanisms, the readership here would like to have honest dialogue with you and your peers about company behaviors that have created a beyond toxic workplace environment with restrictive RTO policies, forced and falsified performance ratings, a constant cycle of fear and doom related to real estate closures, layoffs, consolidations, offshoring, onshoring, H1B visas, short staffing, reductions in force, staffing shortages within key departments, offshoring of entire job families, the continued buildup of Pune as the largest growth location within BNY, voracious cost cutting, ageism, forced and voluntary terminations, lack of severance, lawsuits, concerns about WARN Act circumvention, USA EEOC complaints, false optics and disclosure issues, etc., etc.. Should you and your staff be interested in reviewing and addressing my employee feedback beyond retributive PeakOn surveys, we would strongly encourage your direct involvement and attention. You and your EC colleagues are choosing to remain silent on all of these topics while ignoring company bylaws. Please come out… come out wherever you are!!!
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lol. Yep, her linked in profile proudly boasts “spearheaded a significant HR reorganization, reducing roles from 1000 to 500 achieving 31MM in savings”.
Intense internal backlash focused on:
- Elimination of Profit Sharing: Longtime staff members were highly frustrated by the removal of GEICO's traditional profit-sharing program.
- Reduced Healthcare Benefits: Employees pointed out significant increases in out-of-pocket costs and lower coverage percentages compared to prior years.
- HR Restructuring and Layoffs: She oversaw a massive human resources overhaul that reduced HR roles from over 1,000 down to 500 to cut costs.
- Removal of Feedback Channels: Staff criticized the decision to end regular associate opinion surveys, which reduced their ability to communicate upward.
Sound familiar? She’s a fast spreading cancer, resistant to chemo and radiation.
@aq sounds right, she did the same thing at GEICO in 2023
Imagine being the “Chief People Person” for GEICO.
"Miss Hobbs is proud of destroying a culture. Removing profit sharing. Removing associate opinion surveys."
@c9 i second this.
In before the delete.
@ap Shannon Hobbs and the EC are duty bound and have a legal obligation to demonstrate responsible stewardship of resources.
BNY Mellon’s executive leadership does have a governance‑based responsibility to ensure employee concerns are addressed appropriately. While bylaws and governance guidelines do not mandate specific outcomes (e.g., preventing layoffs), they do require leadership to:
• Oversee human‑capital‑related risks
• Maintain ethical and respectful treatment of employees
• Ensure transparent and consistent communication
• Uphold compliance with laws and internal codes
• Protect employee data and workplace safety
• Support processes for reporting concerns without retaliation
• Exercise responsible stewardship of corporate resources.
These responsibilities collectively create an obligation to address concerns about employment stability, layoffs, career mobility, and workplace mobility in a manner consistent with BNY Mellon’s governance framework.
Would you like one of those?
LOL, she cant come out. She just sold a bunch of BNY stock on April 17 and she is remodeling the bathrooms in her mansion. She has email responses - ‘I’m away, if you need to speak to someone, go talk to Eliza’
On what planet do you think she cares and isn't just following Board orders? She knows who signs her check.