Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Department in Free-fall

Pittsburgh Transfer Agency office is in free-fall. This department is within Global Payments. All department leadership has resigned. All of them. Staff members are resigning every 2 to 4 weeks. Half of the remaining staff of twenty may jump... — read more 

Nearing 50, and honestly, scared

Not because I’m attached to this job, but because once you hit 50, nobody wants you anymore. Great way to make you feel like trash. I’ve been trying to prepare, making small investments and looking for other opportunities. You’d think decades of... — read more 

Slow death by restructuring

The so-called ongoing “restructuring” is just a fancy way to cut headcount. There’s no real plan or vision behind it. Teams get shredded, some just quietly disappear, while others are left to scramble with impossible workloads. Efficiency? Morale?... — read more 

Oriskany

I heard a scary rumor that settlements and income may be laid off with out a package. Does anyone have any information about this

BNY PTSD

Many BNY employees especially in nys have been left scrambling. Many are unsure of why they worked so hard for people who truly only cared for what lined their pockets and not the actual customer, client or even their employees. Now looking for a way... — read more 

Notice period - Director level

Anyone have experience leaving BNY for another opportunity and having to serve out the full 2 months notice period for a Director? Would strongly prefer to only give 3-4 weeks max, but not sure if there would be legal issues. Or is the 2 month... — read more 

Climbing the ladder? Nvm

I have been in BNY for over 10 years. I started as E (entry level) and climb the ladder until now. I am a G (senior position) and it seems that BNY implemented a rule for internals to only get 10% of increase if they get a higher position. Every... — read more 

Distrust of Leadership

The consistent activity and update-seeking on this board is testament to the failed leadership communication and toxic culture they have created. When the traditional corporate communication channels fail, sites like this erupt in popularity. Tell... — read more 

BNY’s strategy is simple

Cut costs, create a toxic environment to force people out, and offshore jobs until nothing’s left. If you’re still here, it's time to start looking. They don't want you working here. You're too expensive. Sad but true.

401k Question

Legally speaking, is there anything a worker can do regarding the companies be client 0bsessed approach to withholding your 401k match? What is the point of contributing if there are constant layoffs, forced P.I.P. and other shenanigans every month?... — read more 

The new Dublin office

Folks in Cork and Wexford will be in stitches laughing 😂🤣😂🤣😂🤣😂 The Shipping Office is more like The Shi**ing Office, the Seagulls are doing a great job👏

Bank of New York mellon

Bank of New York Mellon is a joke. The company is a bunch of fools and su-ks at life. Happy 4th of July. The company is full of career coat holders

Career ceiling

Promotions here shouldn’t require insider trading-level networking skills. It seems that if you want to get promoted you have to leave.

Severance pay taxing

I work in Pittsburgh and just found out my job is being eliminated (after 18 years). Must say I wasn’t shocked, so much of our work has been shipped to India. Anyway. trying to figure out my finances. Could someone on here who has lost their job in... — read more 

SAFe at BNY

My started doing SAFe in Q3 last year and honestly, I don't see any improvements. On the contrary, it feels like there is an agile police around us: follow the process, follow the process! Where the focus should be having a solid cadence of... — read more 

Addressing Age Bias

I've come across some rumors suggesting that BNY may be looking to phase out older staff members. It's important to stay alert to these developments, and if it appears to be accurate, consulting with a lawyer could be a wise step.

Pennington Status

Any update on Pennington closing? I keep hearing conflicting stories.

@ the point

Don't really care to be here any longer, but don't sc--w me of my severance.Throughout my time here, I've pproached ny role with dedication, professionalism, and a strong work ethic. I've consistently supported the team, upheld company values. I f i... — read more 

BNY P-M = let the squid games begin

break what is not broken exhaust everyone without able to deliver (P-M/POD) seems to be fun not taking responsibility for useless changes the employees will be with the forced ranking pay the price and get eliminated "A fail fast mentality is a... — read more 

The majority of companies are not choosing RTO

This whole "everyone else is doing it so we should too" logic is complete nonsense. If you look at the Fortune 500, about 10% are fully remote and nearly 80% are hybrid, mostly with two or three days in the office. Choosing more than that and... — read more 

BAH employees being forced back to the office

Let me start by saying I was hired fully remote back during covid. There are no physical office buildings where I’m located. I was told on Friday I need to start going to the office the second week in August or it would be considered a resignation... — read more 

The idea of AI employees is pure fantasy

More flights of fancy. More dreams of things never to be. More wastes of money and time. More lies. As long ad there is global custody, treasury, foreign income, FX and foreign deposits, BNY will never self automate or be a robotic style firm. Put it... — read more 

Fix what's broken

I’m so tired of watching everyone waste time trying to “fix” stuff that isn’t even broken. Instead of focusing on what actually needs attention, they mess with things that were working just fine. It’s frustrating because all this chaos drags down the... — read more 

People Manager Level Atmosphere

If you are a manager that naturally attempts to form cohesive and productive environments, avoid this institution at all costs. You will never be able to treat your reports with a basic level of humanity in the current culture. Learn from my mistake... — read more 

1st Mellon and now NT under radar !

BNY and Northern Trust Merger rumors round the internet everywhere! 20 years ago Mellon was merged and now Northern trust is under the scanner. Do NT Employees really want to shake hands with BNY Employees here. Northern Trust Commits to Staying... — read more 

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