Thread regarding Bank of New York Mellon Corp. layoffs

Does anyone feel guilty about looking for work elsewhere?

So I've been applying to jobs and going on interviews outside of bny. At this point the job is affecting my health, that's how stressful my day-to-day work is. I supervise a team of 30 and it's just too much. I work 12-hour days 5 days a week and I also work on Saturday mornings to catch up on my reports and the behind-the-scenes stuff. My colleagues are like my family and I'm really close to a lot of people. A few of them really are like family to me, even outside of work. I will very likely be receiving a job offer over the next week or so and I'm torn inside. A large part of me is screaming to get out of bny, yet a part of me wants to stay because I have such a great relationship with my colleagues. You know the saying, the devil you know is better than the devil you don't know. The job that I think I'll be getting an offer from is slightly higher in pay and I won't be in a supervisor position there. It's in a completely different industry but it's working for a huge company here in Massachusetts. I've worked for my particular manager for the last five years. She is like family to me. And I feel like I might be personally betraying her by leaving. At the end of the day, I know she wants what's best for me but I'm also afraid to tell her and I'm already dreading giving my notice if it comes to that. Maybe I'm just overthinking it but I just feel so Torn.

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Post ID: @Y6pjVhX

12 replies (most recent on top)

There is no need to feel guilty my child , it's not a sin to look for better opportunities ! You need to start reading the Bible asap

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Post ID: @Y6pjVhX-5gya

Never

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Post ID: @Y6pjVhX-5kxr

Nope.

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Post ID: @Y6pjVhX-5yww

This place has become a f--- sh-- show.. there is no honor anymore working for this f---sh-- company anymore..

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Post ID: @Y6pjVhX-3vzo

Why would anyone feel guilty about looking for another job when they don't care?

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Post ID: @Y6pjVhX-3zkx

In this day and age with social media, you can still keep in touch with colleagues. My old group of amazing people was slowly disbanded. We all are off in different directions but we all had such a close working relationship so we have made it a priority to keep in touch and meet for dinner a few times a year.

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Post ID: @Y6pjVhX-2ewc

Thank you all so much for the encouraging words! It truly means the world to me. I have a feeling that I will be offered more money to stay at BNY, but I cannot put a price on my health and happiness. There's constant turnover in my group because we are hiring temps off the street with little to no work experience or knowledge of the financial world. All of the tenured people have either posted to other departments or jumped ship already. The company that I would be working for next definitely is seeing a lot of growth. They're one of the largest employers here in Massachusetts. I went through three rounds of interviews with them and I was very candid with them about what I am looking for and what it would take for me to leave my current job. My family even told me that even if the new job is a slight pay cut from what I'm making now, so be it. Thank you all again so much for your Insight and perspective. It's been really helpful and it means a lot to me. The only positive thing I can say about my years of working at BNYM isthat my colleagues have truly been amazing and are some of the most amazing people I've met and had the privilege of having in my life.

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Post ID: @Y6pjVhX-egp

BK has no growth and is not expected to row. At our town hall with Charlie he was asked about growth and had no response.

If the other job is in an industry with growth, jump.

People cannot keep living in environments without growth. It is not natural.

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Post ID: @Y6pjVhX-jhz

At BNY Mellon, it doesn’t matter that you’re putting in 120% and burning yourself out. Charlie Scharf’s wonderful gift to us is Stack Ranking, which means that if there’s 9 other people on your team that are putting in 122% and burning themselves out just a little more, you’re in the bottom 10% that is below expectations and will be laid off.

But of course, they’ll have to build up a case to lay you off so that they won’t be sued discrimination of any kind. So they’ll twist your beloved manager’s arm into writing a performance review stating that you came into work drunk, lit her cubicle on fire, deleted an important database, kicked a puppy, and are personally responsible for how awful the company did last quarter. And then with their trumped up charges giving Charlie a CYA then they’ll lay you off.

Sure, your manager sounds like a lovely person, but are you so sure that if she’s given the choice of either refusing to lie about the performance on your job or keeping hers, that she won’t do the latter?

Not a lot of companies are angels, but many do not go so far as to do such aggressive stack ranking and extensive annual review doctoring.

If you leave, you may feel guilty. But if you sacrifice so much and then they lay you off anyways, you’ll feel like a doormat and taken advantage of, which feels way worse than any kind of guit.

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Post ID: @Y6pjVhX-yhp

There are no guarantees in life no matter what you choose. The fact you are applying to jobs elsewhere should be an indication you are checking out. There is no shame in approving your career or mental health. I have faced the same situation while working at another company prior to Bnym. It’s hard, but ask yourself this; would your manager feel guilty about leaving you or would you feel let down if one of your people left to pursue another opportunity? The answer should be no. Just my unsolicited take.

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Post ID: @Y6pjVhX-bqm

U are not the only one who's health is getting affected by working in this c-ap hole , there are many more !

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Post ID: @Y6pjVhX-zqu

Get out now, with no guilt. Things will get worse before they get better. You have to look out for yourself, your health, and your family. Stay in touch with those you are fond of, and have faith that you made the right decision for your sanity. Clearly, they have zero remorse for cutting people that have been faithful and loyal to them. You could be one of the next ones on the chopping block, and then you would regret passing up an opportunity in a more stable and nurturing environment. Best wishes to you.

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Post ID: @Y6pjVhX-pxh

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