Thread regarding Bank of New York Mellon Corp. layoffs

@cm+1jhzesk6y
Uhhhhhh your post didn’t age well now did it?
Never ever underestimate this place’s ability to sk- rew with us.

the email on new sub came out. lump sum now...no more.sub pay. no unemployment with lump sum.

Take the offer. You probably spent most of your career in office every day and will probably quickly fall back into that routine. Also having the entire org there every day (and assuming a better culture) you’ll probably like going in. BNY having a bad culture coupled with hybrid where the people you see is inconsistent is a bad combination. WFH is nice and all, but when it makes your in-office experience inconsistent and bland, it’s not a good mix.

I have been hearing the 'reduction of sub-pay' rumors for years and years, and as of yet, it has never happened. There is no reliable evidence that sub-pay is likely to be cut, and in my opinion, it will not be (or it would have been done by now).

This place can be toxic, and you may feel as though you need a break, but you can tell a new employer you need some time before you start.

Is there a governance web page on the BNY site. They would have to post and advise of changes to severance

Take it and run! I rejected an offer months ago from a different company and regret doing so. Then I was one of those laid off last month, even though I met the hybrid model, sometimes even going above model! Trying to reapply at the other company and now I get dear john emails. Highly recommend to leave. Bny doesnt give a flying fck about you

@ac+1jhzesk6y Pound sand! You are so out of it and must be so long retired that you have no idea what’s going on. And you should not be speaking as if you have first had knowledge because it’s all lies. It all has to do with money. That’s it! MONEY!!! India is not out performing us. Poland is not out performing us either. Why else would BNY be paying American employees to fly to Poland and train them? And the groups that are 100% front to back in India they are making so many expensive mistakes. Some functions have come back. Money talks here not performance!

b7+1jhzesk6y
You definitely should not be giving advice to anyone. And stop rubbing that tiny magic 8 ball of yours for answers.
OP- Get out of BNY as fast as you can. Dont listen to rec-tum advice such as B7 here…

I suggest do not go at this time. Just wait for 2-3 months.

1. Let wait Trump or market first. No one can't predict the result of tariff. 1929 tariff could cause great recession.
2. Market crash might be in this year. Once it reaches bottom, we can start over.

Just be fresh and set your personal goal.

What's p-m?

@ad

I call B.S.

Inflation was high but all of last two years were a great time to job search, and those seeking jobs vastly improved their pay. .I kept alerting you here for two years.

So now… why didn’t you take advantage of the great job market? I did.

Make a Tik Tok video....oh wait....

if your offer is with a non-bank take it. if its with another bank you will be laid off in 6 months. every bank is going through the same bs and they will look back and see you as a high figure target.

As they did with not paying for unused vacations days anymore, the number of weeks per year of work can be changed in a whim.

Because the job market was really bad last year, I went (or they forced me to) with option #1.

I agree, take the offer. It’s a no brainer.

Why in the world would you pass up an offer for a new position in a fresh new place? Why are you giving the miserable morphine that is sub pay equal space to a new position? Why are you giving BNY and it’s climate any head space at all if you claim to have a new offer for a fresh start? As for 5 days in the office, a tip for you, BNY ‘is’ going to do that too. You should pounce on this new offer and forget all about this place. Especially if you are in your early 50’s as you claim.