Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Being stuck at BNYMELLON

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.

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.

by
| 550 views | | no replies yet
Post ID: @OP+10EK8Pzf

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 

by
| 1301 views | | no replies yet
Post ID: @OP+10EhKyeH

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 ?

by
| 945 views | | 1 reply (August 21, 2019)
Post ID: @OP+10DvntQj

Censored?

Started a thread (twice) and got the message stating the post was submitted but neither thread is showing up yet.

by
| 980 views | | 2 replies (last August 20, 2019)
Post ID: @OP+10DX7mVl

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 

by
| 1660 views | | 9 replies (last August 21, 2019)
Post ID: @OP+10D1IBIp

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 

by
| 585 views | | 1 reply (August 20, 2019)
Post ID: @OP+10D4mPZ4

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.

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 

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

by
| 781 views | | no replies yet
Post ID: @OP+10DXBoki

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

by
| 814 views | | no replies yet
Post ID: @OP+10CdCKaq

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

Start a new thread - post a news comment, question or message:

: