Thread regarding Bank of New York Mellon Corp. layoffs

Why are people responding to a post with the latest comment from February?

@ac+1jj2h869w

Yes, Todd was but he was only there to calm shareholders after Bob Kelly and the street was comfortable and familiar with Todd and his messaging. But soon we realized how badly employees sc--wed us by loafing at home.

You cannot understand Robin Vince until you understand the spoiled slacking workforce which Todd handed to Robin Vince.

US redundancy package..here, you need to side step the land mines set out by Robin. Miss a training course by 1 day? Terminated for cause, no package for you!

What are the US redundancy packages being offered ??

Yes, Todd was generous through WFH COVID, but we were all aware that productivity cratered as the COVID era continued.

Don’t believe it? Witness the mass anti-RTO Refusenik problem which has destroyed the Bank.

Robin is going to get his Bank back. Grow up.

@ps

Of course they’re ok with MDs working from home.

MDs are proven to have a strong work ethic and proven productivity from home.

In other words, exactly the opposite of the posters here who disappear at every opportunity. Management is well aware of our rapidly growing Slacker population.

I’ve been told the target for any dept is 3% or less BAH. I can’t say that’s 100% true but what I’ve been told .

& to another posters point- they seem ok with D & MD’s BAH, but not us peons

@mp+1….
“ the Company doesn’t want anyone BAH and they’ll be the first to go”. I’ll believe it when I see it. Check MySource from the top down - you will quickly lose count of the BAH at D and above.

Sounds right. If you are designated as a based at home employee, start looking now because the Company doesn’t want anyone BAH and they’ll be the first to go. Hard to not take it personally after many years with the company, no doubt. But that’s the truth and it’s a business decision they’ve made. I wish them well, but I’m not waiting around and you shouldn’t either if you’re in that position.

Westborough is on the list unfortunately. I’m saddened to say that we will soon be told we need to go to Boston. If we cannot or do not go the company will consider that a resignation. It’s a win, win for them because they get you off the books and don’t have to pay the severance. EVERYONE should be actively pursuing other opportunities. Our jobs as we know them will not be around much longer. Don’t get caught off guard. Explore new opportunities sooner rather than later.

Wexford Office
https://www.rte.ie/news/2025/0121/1491956-bny-wexford/

Edinburgh Office
https://theedinburghreporter.co.uk/2025/01/bny-mellon-announce-significant-redundancies-in-edinburgh/

Original poster seems to have some insight.

“ Most staff based at home will be offboarded unless they can commute to an office.”

Does this apply to senior management, or just the rest of us peons who would be hurt the most by commuting costs and lower quality of life?

@df+1jj2h869w I never heard of a Pennington office. I thought everyone from KOP had to go to Wilm.

@an+1

Is the news about Pennington confirmed? There are quite a few work here from former KOP offices. For them commuting to NYC or JC is going to be a monumental waste of time (2+ hr one way) for 3 or 4 or 5 day a week routine.

How is the Sr Management - who are BAH category - are treated?

I understand that is a mechanism to get rid of people.

Contractor and remote - unfortunately, yes. But probably more of a case of not renewing your contract. Contractor rates drain the bank big time.

Any risk if working as contractor remotely? My location is Pittsburgh but never visited it. Working remotely only

@ad+1jj2h869w He has to find ways to pay for his free Starbucks!

The Manchester increase is not a surprise. This location has been pushed for many, many years with most of the staff at this location thinking their shxt don’t stink! Difficult to work with because they feel the are superior to the US employees.

Manchester has just signed a lease on a new HQ, with staff due to move mid 2026. In the Dec town hall it was revealed that the headcount will increase from approx 2200 to 3500-3700.

The bank will move out of Pennington in 2026.

What do you mean ‘bank will be taking many opportunities to reduce….’ ? The Bank is and has been doing this.
Ps- despite what is said, Pittsburgh is NOT a growth location. Robin views it as a headache. So that’s just appeasement speak until RV can have his way with it. Any place that is growing doesn’t shutter it’s main headquarters building in that location.

If I recall correctly, Todd was ok with WFH.