Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

AI at BNY - should I join their team?

https://fortune.com/2024/08/15/exclusive-how-bnys-new-ai-tool-eliza-is-minting-an-army-of-disposable-assistants-that-could-save-billions-in-labor-costs/ I have an upcoming interview. How is this division?

Wove

What is going on with Wove? Does the people from PX know anything about Pershing and it's business? Will Robin have any insight on what is going on? Or he is blindly listening to Ainslie?

What's another $40M?

BNY Mellon Securities Corporation, together with Pershing LLC, agreed to pay a $40 million penalty https://www.sec.gov/newsroom/press-releases/2024-98

Scabs

How many of you could take a job if you knew the person who had it before was getting laid off ?

Los Angeles

Anyone know how LA, Corp Trust is looking?

Pay ranges

I know pay ranges aren’t advertised but does anyone have a baseline idea of what the pay ranges are in Lake Mary? Specifically for H, I, and J grades. I can’t wait to see the smart Alec responses but hopefully someone has some meaningful insight lol — read more 

Pacifically Lake Mary

This place has chipped away at my group, one by one, eliminating positions while simultaneously hiring for replacements in Lake Mary. From this so called pool of talent, we hired a manager that repeatedly said “pacifically” over the course of an... — read more 

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| 6630 views | | 11 replies (last August 18, 2024)
Post ID: @OP+1tYq1lCZ

Wexford

Anybody hear on the grapevine when the hire freeze in the Wexford office is set to end.. if end at all?

Incompetent HR

The best is when they say put the ?on the portal. If I needed the response in 2 weeks I would. HR stumbles over their own feet. Incompetent. Oh that info is confidential, well if yoy can't tell me, you do the work.

Massachusetts

Bny mellon and PNC employees information is everywhere. Medical and financial is everywhere. Check the source in every Facebook profile photo, masslandrecords, adultfriendfinder etc it's even in the Massachusetts license plates. Thank Briget Engle... — read more 

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| 7970 views | | 15 replies (last August 15, 2024)
Post ID: @OP+1tSKvxzv

We need to fire the entire ELT including the CEO

They have no idea what they're doing. We need people who will fix this place, not keep destroying it just so they can enrich themselves further. It's more than obvious that all the people who are supposed to lead this place are completely... — read more 

Are Sept layoffs rumors true?

There are a lot of rumors going around about Sept layoffs, and they’re all grim. Everybody talks about massive job cuts. And this is on top of stealth layoffs which are habitually happening every day now. Coming to work and expecting to lose the job... — read more 

Is BNY trying to get older workers to quit?

That's what it feels like to me, with the unrealistically increased workloads and constant bullying we have to go through every day. Are we too expensive to lay off so they want to get rid of us this way before we can retire? Call me paranoid, but... — read more 

Massive layoffs at BNY

The firm is quietly letting lots go. Rumors is over 5000 people. They are doing it very quietly and as such the press hasn’t gotten wind of it.

Does Ben Slavin take any accountability or have metrics

The more I interact with Ben Slavin from different capacities in AS I realize he claims no responsibility for anything, cares only about himself and elevating his personal market brand. He has no real metrics and responsibility but gets paid almost a... — read more 

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| 8450 views | | 19 replies (last November 12)
Post ID: @OP+1tNQw6C1

HealthEquity data breach (HSA)

HealthEquity data breach affects 4.3M people... Happened in March - right after BNY made the change from BenefitsWallet... https://techcrunch.com/2024/07/30/healthequity-data-breach-affects-4-3-million-people/ https://www.healthequity.com/breach — read more 

So we forfeit the 10 shares?

I left the bank a couple of months ago. I still see my RSUs from BNYM in my Fidelity account. Are those forfeited, or will I be able to cash them out after the 3 year term?

Town halls

These town halls are so ridiculous. They like to tell us how great the culture is and how much it’s changing for the better over & over & over. Listen & believe what we tell you versus what you’re experiencing…. & trying to pressure everybody to... — read more 

New Feedback Process

Oh what fresh hel* is this? Just more worthless administrative cr-p for us to endure rather than doing our real job. I predict that nothing (good) will happen as a result of this, everyone will complain about it and it will just mysteriously... — read more 

Bridget Engle - Competent?

Or just another Scharf lackey? WF just demoted the Head of Technology, Tracy Kerrins and hired Bridget Engle as Head of Technology. Tracy Kerrins has been a disaster since she was given the role in spring 2023. Can we expect more of the same from... — read more 

Townhalls

Low hanging fruit is now a thing?

401k

Lost everything because I was let go before the 3 years. This is complete sh-t. Hope they all lose everything

US Notice Policy Breach

Has anyone left earlier than the required notice period - VP/SVP 30 days, D/SD 60 days, MD 90 days? What is the consequence of submitting an earlier notice or providing last day of work? As soon as your notice is submitted, policy states you are... — read more 

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| 8800 views | | 6 replies (last July 26, 2024)
Post ID: @OP+1tFoeMm6

PGH Badge Swipes

I noticed that we're required to badge out when leaving the building. Is this the case in both Ross and Grant? Do other offices have this? Guess this is how they get around the IP address tracking to keep track of time spent in office.

Site rebrand to BNY and UK/IRE location strategy

If a site is still showing 'BNY Mellon' on the wall does that mean curtains? Current trajectory? UK: London & Manchester Ireland: Dublin (with massive new office in 2025). Looks like staff in Poole, Edinburgh, Wexford and Cork etc should dig... — read more 

Ops cleanup

Are we cleaning. We focus only on tech always :(

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