Thread regarding Bank of New York Mellon Corp. layoffs

Next week and layoffs

Rumors are circulating about some minor cuts next week. Does anybody have more info on this?

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Post ID: @OP+1qUjz9XC

17 replies (most recent on top)

I was laid off on 2/5. Pittsburgh. Based on the “here’s who was let go and who wasn’t” thing that they give you at separation it looks like 5-8% or so. I saw it coming, as there wasn’t nearly enough business coming in for my specialty area to justify more than one person in my role, and I was the new guy.

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Post ID: @2vtd+1qUjz9XC

Definitely Pittsburgh layoffs. Happened in my group. You wouldn't see the layoffs if people were laid off remotely.

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Post ID: @2qlq+1qUjz9XC

Confirmed, layoffs occured today. Only know of PITT location at this point.

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Post ID: @2vso+1qUjz9XC

Where do you see them?

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Post ID: @1nmf+1qUjz9XC

On the backend, I see about 60 terms for Feb 5 2024

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Post ID: @1bld+1qUjz9XC

What groups are seeing layoffs?

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Post ID: @1vfx+1qUjz9XC

Lol. In a group that is so over worked weekend mandatory overtime was communicated. Then Monday comes and they layoff team member. Nothing like setting up to succeed.

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Post ID: @1okf+1qUjz9XC

The President’s Day comment

It’s happened here in Pittsburgh the last few years I’ve been here, aside from 2021 when they said no layoffs were happening

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Post ID: @1mbq+1qUjz9XC

@1aqx

There has never been a “Traditional layoff after Presidents’ Day”. People here are just making sh1t up. Darn near everyone is just blowing smoke here.

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Post ID: @1baq+1qUjz9XC

5% today - get rdy

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Post ID: @1rdo+1qUjz9XC

Traditionally they’ve done their big cut the day after Presidents Day..so who knows

That being said, I’d gladly take being laid off right now

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Post ID: @1aqx+1qUjz9XC

There are some people that know their department is going away in the US so yes there are layoffs happening for some people. Unfortunately upper management is not giving us a timeframe so all we can do is worry about when it is going to happen.

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Post ID: @1pyn+1qUjz9XC

There are so many layoffs and layoffs rumors every single day on this form. When is it going to stop? When there’s no employees left to layoff?!

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Post ID: @1pnd+1qUjz9XC

Are they going to just keep laying off until there are the lowest number of domestic employees possible remaining to keep the doors open? Is that the plan?

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Post ID: @sut+1qUjz9XC

January layoffs had around 1100 individuals globally.. I'm sure the next "big" one will be Q2 April

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Post ID: @ofw+1qUjz9XC

I didn’t hear anything about next week. I am hearing late April / early May could be the next bigger wave of layoffs.

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Post ID: @bdn+1qUjz9XC

5% all LOB

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Post ID: @paw+1qUjz9XC

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