What is everyone hearing about severance packages?

Anyone else seeing zero AI built into this project when that is literally the whole point of it ? How do you touch a manual process you know nothing about and convert it to another manual process in a different tool that does not work and upper mgmt... — read more 

10-15 years ago, there were no on-site Pune people. Now, there are many. 10-15 years ago, Poland did not exist. Now, they are a growing component. All the layoffs, closings, rebranding, execs quitting/"retiring", and ESPECIALLY the Pune (and Poland)... — read more 

What's up with that? The last comm said she would stay on till Sept. to "support a smooth transition". Is she being forced out by RV?

We've known this for years. https://www.post-gazette.com/business/development/2024/06/27/bny-mellon-center-metlife-investment-grant-street/stories/202406270056

What groups are targeted?

With the continuous offshoring, AI bullsh-t, greedy yet completely incompetent mgmt, but still expected to work like the future of planet Earth depended upon it and paid, well, not really that much, future is bright!

Fund Services management has instructed us to give positive Peakon scores (9s and 10s) because the Peakon scores will be part of their performance reviews. They don't want to look like things aren't going well especially as the scores go further up... — read more 

Bumped until after the 4th of July. Any guesses why? Departures, big changes, other news I'm unaware of?

Anyone know the percentage for mid year forced rating?

Forcing experienced employees out in favor of cheaper, less experienced overseas workers does nothing to power our culture or clients.

thoughts?

On my own accord. I can’t go through these endless layoffs anymore, first being scared that I am next, then feeling relief, followed by regret that I wasn’t actually fired. This is not an efficient and balanced way for a human being to work, live or... — read more 

Was she fired?

Approximately 7 employees in MarComm were laid off on Friday, some in NYC, some in Pittsburgh.

Good Afternoon, My name is Rachel Dalloo and I am a Reporter with Financial Advisor IQ at the Financial Times. I am reaching out to see if there is anyone who was recently laid off from BNY's Pershing and its practice management consulting team... — read more 

I missed RTO by one day last period for the first time due to an oversight on my part. Will I be terminated?

dashboard is down / not accurate again.

https://m.independent.ie/business/bny-agrees-deal-to-move-into-marlets-shipping-office-building-in-dublin/a1564899595.html With the cost of staff in the Dublin office, this makes no sense. Are the C-Suite folks in Dublin shutting down the other... — read more 

Back in the layoff era…of 2000 to We displaced 10% per year, every year, no exceptions

Does anyone know how important these reviews are? If for example you get off-track a criteria, are you likely to be cut in the autumn? Or is it only the end of year reviews which really matter?

She reminds me of someone who is used to talking to kids all day long. Her tone, voice and general demeanor is like a burnt out kinder school teacher. Condescending as the day is long. The attitude of inside joking is boring at best. There is no... — read more 

pathetic all of these lackeys rushing to LinkedIn post how great this rearranging of the deck chairs waste of money is. And these managers sending out emails talking about how exciting this change is laughable

The problem is less the number of people let go, as the quality of the people let go. BNY training and resources leave a lot to be desired and to take people with years of knowledge that isn't in any trainings offered here and lay them off with no... — read more 

Had more displacements today in the building back better economy. People on my team, some of the more knowledgeable and productive were let go because they chose to stay loyal to their company even after the company shut their building down. They... — read more 

instead of constant cuts and reorgs? I know, I know - it’s hard! It requires competence, knowledge, effort, people skills, management skills, and the capacity for vision. Why not instead run a get-rich-quick scheme, employees and company be damned... — read more 

For every site closure that was unannounced, lay-off of your team members, to rebranding,, you’re the real leaders here. A leader makes a decision, even if it means sending your troops into battle to die, and charges forward in the front line with... — read more 

It’s disgraceful that commitment, hard work, and ethics have no value in the eyes of the current executive mgmt. They have landed here with personal agendas, having not been able to push them through in their previous orgs. The systemic destruction... — read more 

There’s a lot of job postings

"Mellon" was laid off this week. Happy 240!

Six longtime remote workers were let go the company with nearly zero warning an hour ago.

For me personally, the trust is completely gone. I might have once believed that the management was doing the best they could for the bank and employees but I am no longer that naive. Now I know they are only doing what's best for themselves. They... — read more 

Today and in coming days as you yourself or a coworker gets let go ask yourself when is enough enough? This didnt have to be in our bank or our country. Leadership of both have sold us, the workers and people out for their own power and their own... — read more 

Was anybody laid off yesterday or not? What about today? Will there or won't there be cuts?

I was looking at a role in the Digital Assets group in the Bank. Based on some feelers I have been told to stay away as far as I can. Any thoughts and insights? How’s the group viewed by top management? Have they truly delivered anything or anything... — read more 

For all you still at BNY, consider this... https://en.wikipedia.org/wiki/Region-beta_paradox

Had what I thought was a kickoff meeting for a transition meeting with a lead in Wellesley. I am based in PA and have the req's to ultimately replace this team of 4 and was told that my team needs to ready by year end. Manager had no idea what the... — read more 

Why are the dropping Mellon name? Maybe its because of DEI? Pittsburgh and Mellons were lied to.