Thread regarding Bank of New York Mellon Corp. layoffs

Let your managers do what they get paid to do. MANAGE

I was fully expecting to see comments Here about the sh!tshow of forced ratings. Maybe the cats not out of the bag, although I thought it had been for a few years now. Completely unfair of the company to mandate that a certain percentage of the workforce be rated at below expectations. Let managers do their job, we know who underperformed for the year so leave it up to us to make that call. Sometimes you don't always have a 10% and that forces you to choose your "worst" best employee. So now someone who's performing at an acceptable level gets rated below and does not receive a merit increase

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Post ID: @OP+1p1IJ9Gn

18 replies (most recent on top)

Where are you seeing results? They've been frozen for months. And People that are laid off don't get replaced

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Post ID: @4nhp+1p1IJ9Gn

PNC already laid off 10% of their workforce so guess who’s recruiting them to replace most of you. Do yourselves a favor and find something better. Most are only being used to hold things over until they fill reqs and get people trained to take your stuff over

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Post ID: @3ayo+1p1IJ9Gn

@lxg

It reads that the more valuable employees on the team were rewarded. What is the complaint? Don’t like competition?

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Post ID: @2gma+1p1IJ9Gn

When they layoff people is random as in timing and the person they select is not random. Your manager selects the person(s).

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Post ID: @2wqm+1p1IJ9Gn

Burke - “it’s random”
Burke (2 lines later) - “it’s not random”

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Post ID: @2dsf+1p1IJ9Gn

Take me take me

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Post ID: @2uqi+1p1IJ9Gn

There is another set of layoffs happening in November starting the week of the 6th. This is not part of the BE group. It was random and the managers were told to provide person(s) to eliminate. Managers are told about 35-45 days before the actually layoffs and they select the person(s). It’s not random selection like people think.

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Post ID: @2zwk+1p1IJ9Gn

RV probably does…..maybe he chose J Ander for 2023?

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Post ID: @2ias+1p1IJ9Gn

Do you supposed Robin is forced to rate his some of his direct reports as BE too?

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Post ID: @2tom+1p1IJ9Gn

The lowest performers on my team were routinely far superior to entire peer teams.

My manager didn’t care. I had to pony up each time. “Gimme someone.” (Heaven forbid he do his job and recognize that all teams were not performing equally.)

One time he just selected someone for me without my input.

That’s when I decided to call it quits.

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Post ID: @1uvc+1p1IJ9Gn

@OP, there is a thread every few weeks about how stoopid forced ratings are.
It doesn't take a rocket surgeon to know that statistics don't work for small sets.

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Post ID: @1jnx+1p1IJ9Gn

@roc+1p1IJ9Gn
Yes! Well it's collectively across business unit or something like that... so if a manager has day 1,2,3, 4 managers under them it's across those teams under that senior manager/vp

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Post ID: @qsg+1p1IJ9Gn

@smy+1p1IJ9Gn
Are we able to share with our teams? Because if we were it would make things a he-l of a lot easier when I get to the point I have no more underperformers and need to start selecting from my star employees, and it will eventually happen.
I too don't believe this will end, they gave us one small break during covid I believe? But every years before and since

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Post ID: @vzm+1p1IJ9Gn

We are constantly refreshing our talent. Expect to rate 10% below and let them go the following year…some managers will say that this is not sustainable and that this will end…but it will not. If you are a manager that hates this (I do), know you will still need to do this annually. And be open and up front about it to your teams. Better for them to know ahead of time to be prepared…to have a backup plan.

When leadership is bitter about their own past layoff situation (cough, cough), they seem to like this environment.

It’s a crying shame what we have become.

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Post ID: @smy+1p1IJ9Gn

Yes regardless of if we have a high performing team - 1 person per group must be partial or below expectations. At least that’s the way it is in Corporate Trust. Like last go around we expect those people will have to go. It’s really stupid.

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Post ID: @ymp+1p1IJ9Gn

Are all managers forced to rate 10% below? What if you have a high performing team?

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Post ID: @roc+1p1IJ9Gn

This I got Exceed two times in a row. Third time he only gave me Met expectations because they changed my team withing the group and previous manager did not give any performance information to the new manager. Mind you they both report to the same director. Instead he promoted his buddy who does all the managers work too.
This place is SH-T.

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Post ID: @lxg+1p1IJ9Gn

PNC is laying off, worthless Jolen going, some others, too. Something is going on.

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Post ID: @pwk+1p1IJ9Gn

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