Thread regarding Bank of New York Mellon Corp. layoffs

BE Returning for Year End Reviews

HR unhappy that everyone seems to be on track to make their goals. Mandating that 10% be coded as off track i.e. same as BE at year end. So much for giving everyone a break as we deal with WFH and COVID!

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| 1942 views | | 9 replies (last )
Post ID: @OP+165qaMdh

9 replies (most recent on top)

"BNY is the ONLY company where I have worked that would consider a GREAT team to be a BAD thing." I worked for a competitor, the same was true, BNYM was late to this game, not that it makes it better - if Manager says his /her team is good and productivity /complaints/costs indicate this to be true, then why stick a spanner in the works. Instead of driving the team forward, the Manager needs to disrupt progress and focus on getting one person out and a new hire in. Decent Managers and oversight will identify when a team member needs to be moved on.

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Post ID: @djlw+165qaMdh

No one in my group was given a BE nor was anyone told to give on. Under the new mid-year review system, everyone in my group and two levels up was on-track but one, and that person was clearly Off-Track

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Post ID: @9mar+165qaMdh

Laying off strategy was in place a long time ago before the old chief. It got a bit aggressive and noisy lately because technologically BNY was clearly falling behind.
New chief tried to bring BNY tech team up to the current industry-standard BUT, there were too many bad apples who didn’t want the change and everything got reversed, these bad apples thought they won the battle but actually ruined the people career and bank itself by sticking to old school tech.

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Post ID: @1vfn+165qaMdh

Remote working during the pandemic is failing, so managers and HR knows statistics and you know what you have done! Again time to be nice to your boss🙂

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Post ID: @1fqz+165qaMdh

BNY is the ONLY company where I have worked that would consider a GREAT team to be a BAD thing.

Their insistence that performance still follow a normal distribution even after so may layoffs (of presumably inadequate workers) never made any sense. Who knew there could be a financial company with no clue about the distribution curve for high performance. But of course, that would be BNY. High performance has never really been their thing.

When they finally decided “pass/fail”, I thought they had wised up, although that was little reward for the hard working, super stressed employees that were still here.

So now BNY is back to it’s diabolical plan to torture good employees into leaving.

Looks like some things are getting “back to normal” after all.

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Post ID: @mmq+165qaMdh

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