Thread regarding Bank of New York Mellon Corp. layoffs

BNYM Layoff Procedure Summary

I just want to document this for other folks looking for the info. The source is below:

  • Question:

How do they execute layoffs?

Conf call? Meeting with a dir? HR present? Who’s in the room? How long does it last? Can you negotiate anything? Do you have time to pack up?

Answer:

  • Generally, you would be called to a conf room. An HR rep is present and a manger. The manger will give you the corporate line, being let go for (enter reason here). They leave the room and the hr rep will go over all the details with you.

  • No negotiations, no you can’t return to your desk. Probably takes about 20-30 min, you’ll be pretty dazed/head spinning, you can ask as many questions as you like but you’ll get a substantial packet of information.

  • Your belongings will be mailed to you, if you need car keys or whatever, someone can get those for you. You’ll be escorted to the turnstile. Good luck

-- Source: about 4 hours ago by Anonymous | 11 reactions (+11/-0) | Post ID: @Z91u3lr-hrh

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Post ID: @OP+ZaO6vDX

5 replies (most recent on top)

I used the outplacement benefit. If you're in Pittsburgh its Lee Hecht Harrison. I thought it helped; you can network, get help with your resume, and go through best practices with others going through the same thing. Free live webinars are available on their website with a plethora of other info. I would sign up even if you don't use it. BNY has to pay.

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Post ID: @1zeo+ZaO6vDX

Any insight into outplacement?

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Post ID: @1oht+ZaO6vDX

Pay close attention to the Sub-pay rules. There are tight deadlines to file for sub-pay. Send your signed documents priority (with a tracking #) so they can't say they lost it. Don't use the word "severance" when filing for unemployment. Sub-pay is not severance.

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Post ID: @api+ZaO6vDX

Never personalize your workspace. Ever. Always have your personal affects, keys, glasses, etc on you’re person.

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Post ID: @dta+ZaO6vDX

I messed up bullets, oh well, cannot edit and fix. Sorry...

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Post ID: @fng+ZaO6vDX

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