Let me start by saying what a GD joke!! Psychological safety? Promotion opportunities? Burnout? None of these leaders seem to have a clue about what they’re doing, yet they continue to play the “we’re here for you” charade. It’s absolute... — read more 

The love affair with AI will only result in major layoffs and a lot of problems down the line. Mark my words. https://time.com/7291961/bny-ceo-robin-vince-interview/

Has anyone resigned due to the toxic work environment? And did you state that as the reason for leaving?

Fifteen years of working in banking like an id--t for nothing. I've lost so much of my life working my a-s off. For what? Just to be unceremoniously kicked to the curb one day, with nothing to show for all the years spent in this sweatshop. There's... — read more 

For those of you who work in Wexford did you get your severance package and were you satisfied with it? I'm also wondering what the long term future holds for BNY in Ireland? Most people seem to think Cork will close soon and despite the new office... — read more 

I sit in Asset Servicing. Our margins are okay but is only held up by a handful of clients with huge cash balances and generally higher AUC compared to recent years, which increases our fees. But on the flip side, clients are not happy. We’ve gutted... — read more 

Would BNY HR share reasons for termination or any other data (e.g., eligible or not eligible for rehire) with new employer during employment verification process that may prevent you from being hired by new employer? Has anyone been let go ‘for a... — read more 

Our CEO in Geneva talking about the future of banking while whatever rubble remaining of his firm smolders. This has been a speed run to being a bottom tier Wall Street firm. A legacy destroyed in a few years.

I came in with a lot of hope, expecting real training and support. Instead, I’ve spent months trying to figure everything out on my own, with no real guidance. The workload keeps piling up, and I’m completely drained. Now, I’m just counting the days... — read more 

Oh Yes, we will hear how we are positioning ourselves to now move Mount Everest with the new model and less effort. How did we ever live before this came along? Be sure to fast for 8 hours and take Xanax with lots of water before going to this... — read more 

Don’t let them fool you. Placing plants and pictures of paintings around the office is not an effective morale booster when it is at an all time low.

This place has burnt me out to the core. My team is expected to work all of our waking hours; nights, weekends, holidays. All because of pi-s poor management and not even so much as a thank you. Yes I could quit but that’s easier said than done, I’m... — read more 

Can’t wait for everyone to explain how miserable they are at this bank and how RV and his cronies care about us but will continue to do nothing when we have the opportunity to speak up about it

Can’t find the post that discussed this, but was it determined they are paying out PTO at this point if you resign? It’s mental I had to turn here for information, I know.

The soul of this organization has been su-ked out. It was never great, but it was at least comforting enough for doing the sludge work of the industry. Is it beyond saving? What exactly is the value proposition for staying? The inmates are running... — read more 

Does BNY enforce their non solicit policy? Does anyone have experience where BNY has enforced it?

names are due in June timeframe

A CNN article today caught my attention. The chief executive of one of the world’s leading AI labs has warned that artificial intelligence could soon lead to a significant spike in unemployment—far sooner than expected. He argues that policymakers... — read more 

Failed leadership can have far-reaching consequences that impact an organization's culture, performance, and overall stability. Here are the key risks associated with ineffective leadership: Erosion of Trust & Morale When leaders fail to... — read more 

We are so understaffed it’s not funny anymore. We have a total of 3 people on our team doing the job of 2 teams and we cannot keep up. God forbid anyone calls in sick or else we are at fault whenever we are short 5 people and doing more than just our... — read more 

Are we chocked ?

The Firm has laced off anyone who challenges what’s going on. In Pershing, Investments/Wealth and AS, its become a don’t dare challenge the norms mentality or you will be cut. The Leadership is lacking in knowledge and foresight. As a result, people... — read more 

I haven’t seen anything meaningful from the Product practice leadership. Product managers are deer in headlights and clearly have little to no understanding of their products, lack business knowledge to deliver product roadmaps and requirements. With... — read more 

With all major digital leaders gone is the plan to do more with Digital now just a pipe dream?

I haven’t seen anything meaningful come out of the leadership in the Agile practice. It’s surprising no one can notice that the so called coaches and scrum lead managers are a bunch of nobodys adding absolutely no value at all other than theoretical... — read more 

BNY Mellon generated $4.3 billion in net income from 51,000 employees, giving a net income per employee of around $84,314.State Street, with 53,000 employees, generated only $2.48 billion in net income, equating to a net income per employee of about... — read more 

Senior leadership and the People Team are failing to address ongoing workplace policy and quality of life concerns, leading to a toxic culture and eroding trust. Their lack of meaningful communication and engagement—especially during key forums—shows... — read more 

There are realistically 2 routes to changing work schedules. Reasonable accommodation, meaning a medical route. Work arrangement change application, needing approval from manager, skip manager, ec and ec1. I just had a conversation with my skip... — read more 

For anyone recently laid off, could you comment if you received a package and terms of any severance. As a remote employee, I know I’ll be cut soon enough with RTO.

We all see the process failures, talent leaving (some after just months) while they push AI with no real clear picture of how this will help us. The mood on the campus is absolutely only toxicity and dysfunction. Wake up, this is going to get so... — read more 

I just took a look at this blog after some years of… not. I resigned seven years ago, after years of layoffs and many of the same complaints that I read here. If this was so obvious that long ago, my question is… why are you still here? That is... — read more 

Why are people only posting about the toxicity at BNY on this site anonymously ? Why can't people write reality about this company on LinkedIn openly ? I understand people are afraid of running into problems finding next opportunities. But Hey !... — read more 

Anyone else get laid off but the bank never sent for your laptop? It's been many months. I know they have NAC enabled but has anyone just kept them and reformatted?

I was here about 12 years but then I moved to a different company and it was a major culture shift across the board. When I was at BNY, I was in a number of different groups - operational, project management, and eventually some client-facing. I... — read more 

Random question. For all the miserable people here on this page, and I admit, I am one of them. Does anyone actually take advantage of the mental health benefits offered here or is that more gobbley go-k spewed by the uppers to pretend like they... — read more 

“The Financial Sector Supervisory Commission (CSSF) said on Tuesday that it found failures in the firm’s “administrative and accounting procedures” and noted inadequate “internal control mechanisms””. LOL… never fear, Robin and Eliza are here. — read more 

The culture there is abysmal. The different groups are running into each other in their lower environments. Each group pounds their chest with each release. Yet each release is a disaster. Eliza, wile internal only, is a joke compared to the more... — read more 

https://archive.ph/j1S8t Any news when some floors are going to be moved temporarily?