Thread regarding Bank of New York Mellon Corp. layoffs

Don't work for this company, its simply awful

Especially if you are a young person just finishing up college. Don't waste your time being an intern or getting a job at BNY Mellon. You will regret that decision in less than 6 months I promise you that. You would not believe the dysfunction and the level of hostility that exists in the corporate culture here. All the veteran folks here come to work gripped with fear about loosing their job, which has now become obsolete and meaningless. The managers operate in fear, so they try to micro manage absolutely everything, just so they can give the impression that THEY are in charge. Managers here are so gutless and clueless. I interned for a coding job and the manager I reported to didn't know the first thing about coding. She wouldn't make eye contact with anyone, she was just on the phone all day. I quickly learned that if I ever see a message on my computer that says "hello world," I can promise you that message didn't come from my manager. Managers can't make a decision about ANYTHING at this company. All they know how to do is to take all the credit for everyone else's meaningless work. Heaven forbid that you are a new hire. You wont get treated with a single ounce of respect. They will bog you down with all this meaningless busy work, so they can keep you out of the way. The culture is very hostile to new hires because they are afraid that you will actually care about your job and do a lot of work, which in turn makes someone else out there look bad. You are punished for working and rewarded for making new friends in all the right places.

Its such a hot mess. There is no attempt by anyone to streamline processes, improve efficiencies, or to work smart instead of hard. Everyone is afraid of everything. Your coworkers will deliberately make things as inefficient and as difficult as possible. They will work hours on meaningless mundane tasks, because they think they'll have more job security if they never run out of work, and so they just make up work out of the thin blue sky.

yeah don't work here.

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| 2707 views | | 14 replies (last )
Post ID: @OP+17p90e65

14 replies (most recent on top)

The management the firm brought in around 2016 from Deutsch Bank were TERRIBLE. It’s amazing how these management types bounce around between financial companies.

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Post ID: @cznm+17p90e65

I actually like it here.............I don't have to do much of anything.

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Post ID: @bxsw+17p90e65

Java hasn’t been a “special skill set” for 20 years.

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Post ID: @8com+17p90e65

Any Java developer coming from India as special skill should be sent home, and make those manager responsible for failing to hire US citizens. These disgruntle managers are here to bankrupt the company. Wake up BNYM!

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Post ID: @7zju+17p90e65

They will turn you down and everyone because they are pretending US based hire to blind the system and finally these managers will sponsor their YES man from India. They are doing favor and building alliance to keep themselves safe. I have a Java developer who came from India, sounds funny but it’s true, nothing exceptional or extra ordinary skill or academic qualifications, just doing favor to someone who has big mouth. There is no need to bring Java guy from India. There are plenty here but you know why they do...

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Post ID: @6nko+17p90e65

I had three interviews with them and each time, they've turned me down.
I suppose it was for the best as people I have known who worked here had nothing but bad things to say.

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Post ID: @6qlr+17p90e65

Totally agree with the comment about Finance. You will learn about outdated practises, cheap systems and poor leadership. There are higher grade finance departments in other companies that have a claim to being world class. Certainly not here! Take heed interns, emerging leaders and millennials - stay and you are on the fast track to below expectations.

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Post ID: @5orq+17p90e65

If you're just starting out in finance, go somewhere new and innovative. This place is a dinosaur in the middle of a steep decline!

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Post ID: @4wil+17p90e65

Earnings down 13 percent year over year. More layoffs coming, they need to trim the staff so the management can go home with fat stomachs and pockets with their chubby cheeks bulging full of money because they just don’t make enough. How the stockholders permit this abhorrent theft is beyond all of us.

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Post ID: @3dbx+17p90e65

Only work here to get the experience. It is going to take them many, many years to achieve their objective. I see them being scooped up in the next few years if the stock continues to languish in the 30s per share.

By the way, I was a threat to my last division I worked at there. They gave me a bad review and a pink slip in less than six months. It was a win all around. Note I was a long time veteran of this company, and could a way better job than my boss could in six lifetimes.

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Post ID: @3nif+17p90e65

They don’t call it the boneyard for no reason. It’s the place where careers go to die.

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Post ID: @1qoa+17p90e65

I can relate to what you are going through. I worked as a contractor at BNY Mellon and I experienced everything that you stated here. It was a complete nightmare and the worse place I have ever worked. I am so happy to finally be free of that place and those people. Get out while you can.

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Post ID: @1www+17p90e65

I am glad it’s not just me. Unless all head of LOB specially who got promoted in mid 2019 is sent home, this place will be hell to work. This guy held meeting multiple times and fabricated the report to lay me off. Is that bad, get out as soon as possible before they permanently ruin you.

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Post ID: @luz+17p90e65

Why any company uses this place as a provider is beyond me.

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Post ID: @nun+17p90e65

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