They should really update the name to just “The Bank” or “The Bank of Anywhere But NY” because they have basically removed all traces of BONY and Mellon. RIP BNYM
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No, we never had good Health Insurance. NEVER.
"Sam's fish store"
@2gzc Someone should alert the SEC of the name change. There is a holding company, a bank and numerous subsidiaries. Perhaps you can read the attached.
https://www.bnymellon.com/content/dam/bnymellon/documents/pdf/investor-relations/form-10-k-2023.pdf
100% sure we all know what our current logo is. You have obviously missed the point.
Check our website and our logo. It no longer says Bank of New York Mellon. It says BNY Mellon. Sheesh.
@2gz Dude you are literally responding on a page titled “Thread regarding Bank of New York Mellon Corp. layoffs”
@2gzc, you should immediately let Robin know then go update wikipedia.
I’m pretty sure the original post was more about how the company has changed at not what version of the name we are on.
We haven’t been called The Bank of New York Mellon in ages. We’re BNY Mellon.
The quarterly 1/4 billion dollar severance charges would show that you are incorrect.
Nope, we’ve ALWAYS needed to worry about layoffs. While it’s true that we are at the lowest level of layoffs in our history, we’ll always need to worry about layoffs. Thankfully not nearly as much as prior generations, but we do need to watch out.
@1cvg
Add to the list the fact that unused vacations are no longer paid if you leave the bank or your position is terminated
We used to have a company paid pension, we used to have good health benefits, we used to have realtime 401k matching, we used to get $ in our HSA, we used to have enough people to do the job, we used to not worry about layoffs, we used to not have forced rankings with mandatory 10% ranked below expectations. We have lost much and gained nothing. Just a slow painful decline.
Name change: Joe's Pizza
Don’t forget that managers, instead of helping their weaker employees improve, need to let them flounder on their own so they can meet the 10% below the expectations quota. That is where I am these days. Sorry team.
The trolls can have at me for this, but I’m going to speak my truth. I’ve worked for this bank for a very long time, spent more hours in my day with this place and these people than my own family. I’ve watched CEOs come and go, and come and go and they always go. The last couple have stripped us to the bone and left us for dead. Most days I feel angry, some I feel sad, grieving for the company we used to be. We had pride, we used to figure things out together, support and care for each other. Now it’s just secrets, anxiety and fear. I get change is necessary for a company to grow, but not at the sacrifice of our character and morals.