Only reason I stay is the tuition reimbursement. Just finished my MBA. Need to stay one more year so I don't have to pay any tuition money back. Going to be the longest 12 months of my life.
Everything is better than working at BNY Mellon right now
Is there a job you can think of that doesn't seem like an improvement to what we have right now at BNY Mellon? Frankly, I can't. With all the stressing about layoffs, lousy severance, abusive management...anything looks more appealing than this. Even... — read more
BNY Mellon doesn't treat their employees with respect
That's the bottom line, from my perspective.
WSJ headline on BK losing major ETF client is out
Along with comments in the story about recent layoffs. We need some wins!
What's next?
And more importantly, when will it end? At least for this week?
The org chart turned upside down
Here is a good tip for those still at bny Mellon trying to make sense of things. When you are in Mysource looking at the org chart, read it from the bottom up, instead of from the top down. The managers don’t manage the team that’s under them. ... — read more
Got a BE
Got a BE because I “can’t handle criticism in a constructive manor”. Screw that, I’ve literally never not taken constructive criticism well. Honestly I think my manager is just trying to get rid of me and is making things up
INVESTED IN YOUR SUCCESS
as the dump continues to let go large numbers of employees, they continue to email job posting with the headline “INVESTED IN YOUR SUCCESS”. This place is never short on propaganda.
BNYMELLON = hunger games
Been working at BNYMELLON for 12 years and it has now turned into the hunger games. My the odds be ever in your favor. I leave nothing at work now a days. My locker is empty and I bring everything I need each day and bring it home each night. I... — read more
I HATE MY JOB
That’s all. I had a job and achievements that I enjoyed, then during a reorg I was told to do a different job. No choice. I’ve been doing that for a while now, and I hate it, and it hates me. Looking to move on, but until then.... I HATE MY... — read more
Multiple BEs in a row
I’ve gotten a BE for the last 7 reviews I’ve received. How likely will I be laid off? I just recently changed apartments and this one costs a bit more so can’t really afford to be jobless
Mid year BE review nonsense
For those who received BE reviews and got let go, how many BE ratings did you get prior to being let go? I just received my first one after more than 10 years and was shocked. I’m wondering if the mid year reviews count less than the final year end... — read more
Layoff on Vacation
Will HR call you if you get let go during vacation? Was hoping to get a phone call, but nothing yet.
FALLOUT
I am sorry when people are laid off. And the fallout keeps getting worse for those that remain. It’s not just the work load, taking on more work as people are let go. Its the knowledge gaps, messy reorganization, confused management, broken... — read more
Any info which locations are getting hit?
We hear about layoffs, but so far nobody posted today which locations got hit and how many were laid off. Have the layoffs even started on an organised scale today Any more precise info? So far other than speculation you could only hear the crickets... — read more
Pittsburgh
How are things going in Pittsburgh? Are they getting hit at all? I feel like Pittsburgh is no longer the cheap labor location it once was and therefore prime for massive layoffs. Whereas, Oriskany NY probably is going to be a benefactor of... — read more
Over 200 across the Corp
I at least knew I was being cut since my department was eliminated, got the official letter yesterday. From what I heard it was around 225 corporate-wide who were getting shown the door. I’m sure that they’re cutting headcount in advance of a sale. — read more
Pershing ?
Any news of layoffs at Pershing ?
Censored?
Started a thread (twice) and got the message stating the post was submitted but neither thread is showing up yet.
Payoff vs Sanity
The people that post "just leave" on this site either have an in demand skill set or they are a naive millennial (I know, that's an oxymoron) The rest of us that are in the targeted age range with not sought after skills are faced with a difficult... — read more
Payoff vs. Sanity
The people that post "just leave" on this site either have an in demand skill set or they are a naive millennial (I know, that's an oxymoron) The rest of us that are in the targeted age range with not sought after skills are faced with a difficult... — read more
King of Prussia
Were there any layoffs in the King of Prussia office?
What happens when they run out of older folks to lay off?
Age discrimination is happening and is at its peak. They might not care to admit it, the law and the institutions may not react to it, but it’s happening, we all know that? What happens when they run out of older folks to cut? What will be the next... — read more
Good News
Based on increasing demand the external BNY Mellon 401K web site is now back up and running after a brief 5 month hiatus. www.bnymellon401k.com One less thing to worry about for those who have been displaced.
Time to Blame the Yield Curve Again!
If the yield curve doesn’t improve, we can’t win? So the entire company is just a macro bet on things the company can’t control?
Age Discrimination
There are two categories of layoffs taking place. One is performance related. These are tied to the phony below expectation reviews the bank is forcing managers to write. The other is reduction in workforce layoffs. The two categories enable the... — read more
Dear Charlie
Dear Charlie, I wanted to thank you for your help firing me this morning. I just hit my 20th year at the bank and was looking forward to my fifth week of vacation. Think of the money I’ll save not having the expense of another vacation. Also... — read more
BYNM - a lean, versatile team
NEW YORK CITY - Calling his employees a lean, versatile team capable of being fired at a moment’s notice, BYNM CEO Sharles Ccharf described his financial services company BYNM as an agile, dynamic company able to respond to any challenge by laying... — read more
Is any position safe at Bank of New York Mellon?
This is frank question: Is any position safe at Bank of New York Mellon?
A letter of appreciation - signed Charlie
Dear resource, Thank you for participating in the workforce reduction initiative. Because of you, we are one step closer to conquering the world. All the best, Charlie
Structured Funds (ETF & UIT)
Large reorg movements and layoffs at Structured Funds (ETF & UIT). This is just begining as outsiders are being hired, more turmoil will follow. Hunker down, brush up your resume
Discrimination. Please read and file suit accordingly
https://www.google.com/amp/s/www.propublica.org/article/ibm-accused-of-not-disclosing-ages-people-40-and-older-laid-off/amp If you’re over 40: The Age Discrimination in Employment Act (ADEA) of 1967 protects workers 40 and older. In addition, if... — read more
Reality check: what really can earn you a BE...
Total salary and age. Well known that business line leaders have a spreadsheet sorted by compensation. Sad truth, many high achievers getting pushed out because the cost line is higher. Older employees generally higher paid than new grads... — read more
Any reports from the Brooklyn office?
Anybody know which floors in 2 Hanson were hit today and was it as big as we were expecting? Hopefully somebody working there today can chime in