It'd be nice to get an update from people who were laid off in previous rounds (and we know a lot of them still visit this forum based on other posts) on their current job status?
Is it harder or easier than expected to find a new job? I know some people got lucky early on, but I also know some were struggling. Has there been any positive change since then?
I was laid off in January 2019. I was very lucky to get a job two days before sub pay ran out. Never even applied for unemployment. Better pay, out of the finance sector. Much nicer and more relaxed atmosphere. So glad to be out of there.
Just glad I don't have to report to the most hostile work environment I have ever worked in. The office where I worked had the most unfriendly people working there I had ever seen.
When new workers started, they would act normal for a while, then eventually copy the behavior of the majority of the workers. The firm was clearly disfunctional.
Laid off in April. I’m 49 and was in a fairly senior IT position. I just landed at one of BNYM’s main competitors. At a higher salary too, so I am feeling great. Oh, and yeah I’m gonna try to take the stars that I worked with at BNY. I wasn’t a vindictive person until I worked at that dump of a company and was treated like c-ap. The good folks that are still there don’t deserve to work under such horrible conditions.
Charlie and Brigit have ruined that place. Word is getting around in the Industry too.
I was laid off in January of 2019. I am still looking for a job I have had a lot of interviews but no success in getting any offers. BNY Mellon was my first full time job out of college and I was there for 2 years. I will keep trying hopefully i get something soon.
What does this “Invested the redundancy in a property, which reduced the demand for my high salary” mean? Can’t make head nor tails of it unless you received lump sum sub or you used your time to flip a house.
I was made redundant after more than a decade of service. Invested the redundancy in a property, which reduced the demand for my high salary.New job was found within two weeks. I took a slightly smaller salary at a non-bank more local to my home and saved an equal amount against taxation and travelling costs. The company I'm with are kind, relaxed and value my experience a lot. So all in all, it turned out well for me. Oh, I'm in my 50's...
I believe age is more relevant than what your background is when looking for a new job. The outplacement service says not to discuss salary and make your resume ageless. However, all applications require you to enter the year you graduated the highest level of education which allows them to figure out approximate age. The second question that most applications require you to enter is expected salary. Either of these two items may not even get you an interview.
I would be interested in of those that found another job, what age range did the fall 60. Have people taken jobs for less than their previous salary? Less than total comp?
Consider the following before and after metrics for comparison. Before was my old resume and after is revised with the help of outplacement.
After getting let go in several months, I applied for 18 positions. There were 10 no responses, 7 polite rejections, and 1 phone interview.
In four months prior to being escorted out, I applied for 3 positions and had 2 phone interviews.
Was let go in Jan. 2019 at 60, which was awful. Sub pay ran out in June. Just today, I received a solid job offer in my profession at a higher functional level and better pay. I feel so vindicated. It CAN be done! I hope this gives others hope.
If you are 50 and over and not a techie, Good Luck! In this market all big banks are laying off. Nearly impossible to find any job in Operations.
Here's an update ... I'm much better off.
I was laid off in April 2009. Got 42 weeks sub payment plus unemployment was up to 2 years at the time. Took classes in Medical admin and before completing certificate program I was brought back as a business analyst for a 7 month project at much more money. It turned into a 6 year project and I was ready for retirement. I was lucky, it worked out well for me.
My sub payment are out at the end of September. I wasn’t with the company long so I only got almost 4 months of sub pay. Hopefully I will find something soon....... I am becoming a bit worrisome that I won’t though
Worked in fund accounting for over ten years and didn’t have an accounting degree. So I had trouble, I don’t really know much about accounting since you need to know very little to do that job, accounting jobs were out of the question. I said screw it and am changing careers completely.
It took me about 4-5 months but I got a better job, more money, MUCH more laid back atmosphere. Couldn't be happier and wish I'd gotten out years before.