I’m the third person on my team to get booted shortly after turning 50 within the past year. Nothing like being pushed out right when you're supposed to be at your peak.
RTO - we're not all created equal
I have heard from multiple people that some groups are not having to go into the office four days a week in a month. TSG and some folks in TS are exempt. While this is great for them, what the actual F. This place just wants us gone. I won't say... — read more
Tired of chasing numbers
I keep hearing that things will get better but it feels like all leadership watches are spreadsheets. Goals keep climbing while pay sits still. I am already looking around because I do not think this place values people over metrics.
401K
I was just laid off this past week. I am 60 and I want to cash out my 401K. Either a check for the full amount or direct deposited, how do I go about obtaining my money? Does it take long?
Serious question: what happens if you just…quit?
I work in a back office operation (50K-plus, no bonus, no client facing). If I just up and quit with no notice (other than on the day via letter, per se), there’s nothing they can do, right? What happens if you quit BEFORE using any vacation days? I... — read more
BNY of PUNE
I'm in a US-based department at BNY. Our Pune counterparts typically return / dump their work on us throughout their shift. Some of us in the US are thinking that Pune employees might have an end-of-day cut-off, or possibly India needs to clear... — read more
8/29 my last day!!!
Will i get a bi weekly paycheck on 9/15 and 9/30 If notified that my last day is 8/29 ? Also is Healthcare covered through 9/30?
Pershing is dying!
One after another, all members of Pershing’s technology leadership team were either let go or resigned. Leadership positions have since been taken over by individuals from BNY Wealth and Albridge, many of whom lack a solid understanding of the... — read more
Layoffs today
Couple of people I knew were let go. Some received severance and some did not. One of the guy who was on PIP got no severance. Be careful and document everything. Make sure your boss is happy.
It’s crazy how every role is getting outsourced
The company has zero loyalty to anyone who’s been here for years.
People team Townhall
What a waste of time! A large portion of the people team is remote and will be laid off. Why can’t we ask real questions instead of the pre-programmed questions about AI? Shannon says “we cannot communicate too much”. Yet, when it comes to the... — read more
Eastern Pa - New Location
Does anyone have info on a new site potentially opening in eastern PA? This new location would create a home for those displaced by the sale of KOP.
Free coffee. What is the obsession a with this company about free coffee
I am just amused that they promote free Starbucks coffee as one of the great perks when you work at BNY. The CAO who looks like an ET mentioned in an interview with a magazine that free coffee is where people share ideas. If your employees can be... — read more
If I were a client, why would I continue to do business with this place at all?
How does this place manage to keep ANY clients?
Layoffs
Notifications of employees impacted in next US separations round will commence on Aug 25 with termination on September 23. There will be additional US separation cycle added this year. Names/roll due October 9. Notification date Nov 3 and last day... — read more
Year end bonus
What is the typical bonus for a software engineer in the US? For example a vp backend engineer making 140k a year, or an associate level QA making 88k a year, or a senior associate full stack engineer making 110k a year. These are just some examples... — read more
Did you pass your PIP?
I had received an PIP and my last day was 8/8. My boss had created a UPS label for me to send the laptop back. I had UPS My Choice and was able to get update that label was created for my address by BNY. I am so glad I got that information and used... — read more
HR is nothing but a joke
You’d think HR was here to help employees, but it feels more like their real job is keeping the board and execs happy. That's it. That's their only role. When push comes to shove, they don’t protect workers. They just deliver the message and do what... — read more
PIPs, rankings, evaluations - they're all just cover for cuts
And the cuts? They're purely by the numbers. It doesn’t really help if you’re actually the best, because skill and experience come at a cost. Don’t bother standing out with the quality of your work, intentionally or not. That just makes you easier to... — read more
Pittsburgh
Why does it seem that Treasury Services in Pittsburgh are flying by the seat of their pants everyday? They seem to lack leadership, expectation, and value.
BNY Contract Employment
I have noticed BNY has an internal agency for contract employment. I applied for a handful of BNY contractor roles, thinking these may be better than staff positions, and I have noticed each position I applied for is now "ON HOLD." Is BNY currently... — read more
Battle Royale enviroment
How true is it that the bank is forced ranking employees? I see this as unhealthy; it leads to backstabbing and people not being productive out of fear. I also think it will lead to sabotage from other members of your team. Is the bank really that... — read more
Workplace Relationships
What is BNY policy on workplace relationships? Family members and / or romantic. I've heard as long as the two parties do not share the same home mailing address, they can work in the same department with no issues. I've also heard as long as... — read more
BNY Performance Improvement Plan
I am curious about a situation I recently experienced. A few months ago, my management staff placed me on a Performance Improvement Plan. During our initial meeting, there was no discussion regarding specific actions I could take to enhance my... — read more
Medical Exemption= Poor Mid year review?
I have never gotten a negative review in my career. While there have been bumps here and there, everything seemed lined up for at least a “Meets Expectations” midyear. I ended up getting tracking below expectations with very vague reasons as to why... — read more
Corporate Titling Changes
This seems like a clear move to lay off more people especially at the VP level
Lake Mary Office
I received an offer for an IT (AI Hub) role in Lake Mary, FL. Reading the reviews on this site have me second guessing accepting the offer. Is the Lake Mary office as toxic as the other office locations seem (based on comments)?
Layoffs Or Terminations?
Is anyone in the U.S. still getting full severance when being laid off? Or has the firm moved toward mostly just firing people with nothing? Does anyone have a guess as to what the mix is in the U.S.? I keep hearing from people who are clearly... — read more
Salary Band Pittsburgh Grade K
Can any managers on here share the min mid and max please? Pittsburgh region
Northern Trust BNY Mellon Merger Rumors
Any updates on this?
BNY HIRING JOBS THEY RELEASED PEOPLE FOR
While job hunting I got an interesting ping from linked in and indeed. The positions that popped up were all for the positions I know for a fact they just released so many people who were working remote. Seems they are moving the positions to PA and... — read more
Peakon - not really anonymous?
I heard that people were fired over their negative comments on ‚anonymous’ peakon survey. Is it true that Peakon is not really anonymous? Is there anyone who can confirm that?
This hurts
Still trying to process how a company I did FIVE rounds of interviews with pulled the offer without warning or explanation. Just gone. I turned down other options for this, and now I’m stuck starting from scratch again. It’s hard not to feel like you... — read more
Now McKInsey in trouble WHO WILL SAVE BNYM ?
Now RV will be guided by an AI? I do not know whether I should laugh at this craziness or change profession and renew my electrician license, if it can be still done and the union will accept me? Switching to IT was / is a big mistake, I think... — read more
We are second-class citizens, folks.
We need to come to the office four days a week starting in September, but for people in India, it won't start until next January
Robin Vince
While patting himself on the back for thr stock price increase, Robin Vince has achieved this by continuing to do layoffs and use any option to force long time loyal employees out of the company, and with no severance! Not surprising to see what... — read more
This place is so tiring
I just want to do the work I was hired to do and go home. But instead, I’m stuck in nonstop meetings where nothing gets figured out. It’s the same problems over and over, just louder. Half the time it feels like people are talking just to talk. It’s... — read more
The People Team Agent.
Well, they did it. I guess they finally laid off most of HR. We now deal with a bot.