Thread regarding Bank of New York Mellon Corp. layoffs

Pershing Confirmed layoff

I was told that the layoffs will start on the 10th in India. US will start on the 12th through 14th.

From what I see so far, most people on the list asked for a package or are getting it for cause.
There are still many that will lose their jobs that did not ask for it so it will be a tough week for many of us

This came directly from my manager (MD) so it should be fairly accurate. Management will not be spared either so hopefully I am still around to see how this plays out.

by
| 8425 views | | 11 replies (last ) | Reply
Post ID: @OP+1sQJWq5M

11 replies (most recent on top)

So just about 900 were let go last week, assuming a bigger hit will come to US and hire in UK.

by
| | Reply
Post ID: @fzqt+1sQJWq5M

Good Afternoon,

My name is Rachel Dalloo and I am a Reporter with Financial Advisor IQ at the Financial Times. I am reaching out to see if there is anyone who was recently laid off from BNY's Pershing and its practice management consulting team, who is willing to speak with me about the layoffs within that division.

I would like to learn more about how many were affected because of the layoffs and if more are expected.

If you are willing to speak with me, I can be reached via email at rdalloo@money-media.com and by cell at 646-392-5066.

Thank You.

by
| | Reply
Post ID: @elhk+1sQJWq5M

Meanwhile Emily Portney makes 9mm. https://www.erieri.com/executive/salary/emily-portney-atb9#

by
| | Reply
Post ID: @aipd+1sQJWq5M

I didn’t see any massive layoff yesterday in India or US.

by
| | Reply
Post ID: @8bdo+1sQJWq5M

@1ssb

You are not allowed to post names here.

by
| | Reply
Post ID: @2zfl+1sQJWq5M

Anyone has the names rhat were shared earlier?

by
| | Reply
Post ID: @2fuj+1sQJWq5M

India suks anyway so this is what they get for trying to move everything there. I hope it all blows ip in their faces

by
| | Reply
Post ID: @2efm+1sQJWq5M

You know this company is a dumpster fire when they’re laying off people in India.

by
| | Reply
Post ID: @1pch+1sQJWq5M

I saw names listed in one of the comments last night. Now the post is gone.

by
| | Reply
Post ID: @1ssb+1sQJWq5M

Was told I am done as a contractor and they BNY is no longer going to use them and FT must come in 3 days a week. They are going to send all the work to Pune. Good luck with that.

by
| | Reply
Post ID: @rwh+1sQJWq5M

Only for Pershing?

by
| | Reply
Post ID: @uyq+1sQJWq5M

Post a reply

: