Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Forty plus years of service at this company

Why do we have people with 40+ years and do not have basic common math and comprehension skills still working here. The math ain’t adding up. Get rid of the d**dwood !!!!!!! Jamie Dimon, please save us!

Working Together Changes - Recruitment

Does anyone know what the new hires are being told about office days? Constant rumours may go to 4 days for everyone (not just people managers). What is the messaging from HR when they recruit staff on this?

What's happening with this place?

The office is a disaster lately. Tasks that used to take an hour now drag on forever, and half the new hires act like they’re allergic to learning. Not trying to throw anyone under the bus, but it’s exhausting. Wondering if it’s just our team or if... — read more 

New Platform Rule

New Platform Rule per the managing director: Town-Halls are not optional. I guess this will be the new lay-off/ termination criteria. Maybe don’t schedule Town-Halls at 8AM. WHO does that? It’s 2 hours before my group even starts. We don’t get don’t... — read more 

Retaining talent?

How can the goal of retaining talent be achieved with only 2% salary increases?

Next UK office closures

I know the situation in Edinburgh but wondering if anyone has any insight into the next offices to be closed? Assuming Manchester is safe as it's a growth centre. London will always be OK.

Spans & Layers

What are people hearing about changes to spans and layers and how do people think they will be impacted?

Flex In-office requirement calculation

Has anyone noticed the Working Together calculation for minimum required days in office has changed (at least for Flex schedule)? The calculation is (20 possible days minus (-) # days taken off for holidays, vacation, WFA, etc.) x 60%. For all of... — read more 

Is this a GOOD sign?

I visit this forum to stay updated on potential layoffs at U.S. locations. It's been a nerve-wracking experience, narrowly avoiding the axe during the last few rounds. Lately, though, the discussion and activity here seem to have shifted away from... — read more 

P-M

Are they paying severance to employees being let go due to P-M? Or are they also being force ranked and let go?

Non-compete

Anyone know if there is a non-compete that is signed when hired at BNY? If we leave for another competitor is there a period of time where we can’t reach out to certain clients that BNY have?

Unlocking opportunity or Unlocking offshore to save $$

Got the annual report , p statements and associated propaganda all packed in it’s pretty plastic BNY bluey container. Net revenue only up 5% over last year and net interest is flat. Fees and other revenue (more on ‘other revenue’ in a second) are the... — read more 

Fathers Day Layoff ? What happened

I saw a post on impending layoffs planned in June and then it was removed as it degenerated into a political fight than a layoff information. Why was it removed ? Are moderators censoring ? Anyway does that information have any legs ?

April 4 day office rumour

Rumours in the Manchester office that it will be announced in April everyone will be in office 4 days per week. Does anyone know if this true? If so, when in April will it be announced and when will it take effect (presume 90 days like the people... — read more 

A new low: in US reporting to an india manager

Anyone else dealing with this? My prior manager here in the US quit. She was bad, but this is indescribable as to how weird and poor it is. Paying strict attention to corporate emails, having to be on so called team calls at 6am talking about emails... — read more 

separation agreement

Has anybody tried to sign the separation agreement I have but it’s blocked and I just want to get it signed and be done with this awful waste of my time wasted my energy company.

Working together plans in 2025

Does anyone have any updates on this, near constant rumours in office but not clear on the sources. Key questions - will none managerial staff move to 4 days a week office, and could managers move to 5?

Salaries - PB WM

I know bonuses are discretionary but does anyone know the average base salary for a Private Banker in Wealth Management at BNY? HR continues to state they got rid of salary ranges and the pay (base & bonus)is strictly up to your... — read more 

Lump Sum Severance - Anyone?

Hello, has anyone here actually been a recipient of the lump sum severance package? I’m trying to contact a long time serving colleague who was recently let go to see what their outcome was. Also, any idea of why the move to lump sum? — read more 

Severance check

Maybe a stupid question but if you get laid off and a big check but then go back to working at BNY. Does the number of years reset or can you get another big check? Asking for a friend.

NYC Comp

I joined the firm a few years ago, and left at the end of 2024. I have always felt underpaid and overworked. How does BNY continue to claim to pay competitively in job postings? I've had the pay bands methodology leaked to me while I was there, and... — read more 

Crackdown on leaving afer lunch

Europe location received e-mail that we're expected to work normal hours at the office & not adhering to policy may lead to disciplinary actions.

No one seems to care

The leadership is a mess. Decisions are made on a whim, with no real strategy behind them. It’s all about who you know. The environment is reactive and chaotic, not proactive at all. Promotions go to the people who are good at kissing up, not the... — read more 

4 days office

Any updates on this? People managers currently doing but will in be expanded? Also, does anyone know what work arrangement the summer interns and graduates are being told about for those joining this summer. Would be surprised if they would offer... — read more 

Cork office to close in 2025??

Looks like we are just behind Wexford as everything gets consolidated in Dublin... Seeing the 'This Week in Ireland' email now, it's like all Dublin.. WTF! With Wexford spirit ki-led, we're next on the chopping block, does the Evening Echo need... — read more 

I just came out of a meeting with my boss

Not my post but... This is how I feel as well: Well, it’s 11:08 am and I just came out of a meeting with my boss that went well. So, all in all, I am both in a good mood and also not going to be laid off today apparently. But the day is only half... — read more 

Happy Employee Appreciation Day

What is happening today at the various sites that shows the company’s appreciation for its employees? Does anyone feel appreciated? Let’s just call it what it is, we work, they pay us the least amount they can get away with and they toss us aside... — read more 

Unethical conduct needs to be exposed

BNY is force ranking long tenured employees with PM or BE and depriving them from the Severance, it so disgraceful towards people who have given so much to the company none of the past reviews matter. We should report this in social media if we do... — read more 

Global head of investments and wealth worth it?

Per proxy, he got $12.56 in direct comp during his first 4 months. 12.35 million incentive (30% cash / rest deferred equity) 650k in base salary (got 214k) Also gets: $4.66 million cash to pry him away from Nuveen $11.67 million in rsu that... — read more 

Free coffee

What’s the deal with the “free coffee” shoutout at every town hall? Is it a callback to an inside joke, like “let them eat cake”, or do they seriously think it’s a culture marker or differentiator in the market? Free coffee in the office has been a... — read more 

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