Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Target bonus versus actual?

Can anyone elaborate on the target bonus versus what actually gets paid? I had an interview where I was told the role’s target bonus but then told no one ever gets that amount. If the target is 27%, what typically do you receive?

WTG dashboard

anyone notice issues with the WTG dashboard numbers with today update ? required Min days went up for prior reporting periods already settled- valid absences removed from the data calculations that were there in the detail data sheet last week

Name Change

They should really update the name to just “The Bank” or “The Bank of Anywhere But NY” because they have basically removed all traces of BONY and Mellon. RIP BNYM

Zoom Cameras On

Policy now to always have cameras on? They looking for passive aggressive ways to make you miserable from WFH

17000 India based BNY employees. Wow

A recent linked in post by Emily says there are 17k India based employees. This translates to one in every three employees or probably more than half of Ops & Tech employee base for this US based G-SIB. I wonder how high this number can go? With... — read more 

I'm petrified of layoffs

I struggle with interviews and I tend to completely bo-b them. The idea of having to deal with that entire mess when the job market is as tight as it is right now is keeping me up at night. I keep hoping we'll get some signal that layoffs are done... — read more 

New RTO rule - 2 strikes and goodbye

Have anyone else the email that starting from new RTO reporting period ie feb thru April if you fail to meet 2 RTO numbers in a 12 month period it’s termination

Retirement Red Flag Global Crisis

Larry Fink Says World Leaders Must Address Growing Retirement Crisis https://www.wsj.com/finance/investing/blackrock-larry-fink-annual-letter-8484e68e Huge workforce retiring without enough socials and 401 k in their accounts to survive their rest... — read more 

Instead of laying us ops off

Instead of keeping to layoff people in ops, can I make a suggestion. Invest in tech and layoff the people responsible for accounting technology -who helped contribute to last months investone accounting platform outage/production issues

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| 8120 views | | 5 replies (last March 30, 2024)
Post ID: @OP+1rKgsQGA

McKinsey Exposed

https://youtu.be/AiOUojVd6xQ?si=d8SOsJVGnLX7XVqq

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| 8610 views | | 6 replies (last March 27, 2024)
Post ID: @OP+1rHnW633

Unemployment VS BNY Mellon SUB pay

I haven't read through my separation agreement. I’m still in shock. Does anyone know if my BNY Mellon SUB (Supplemental Unemployment Benefit Plan) pay is reduced if I get unemployment payments? I got two weeks for every year I was employed. — read more 

BNY leads in AI Deployment

https://blogs.nvidia.com/blog/bny-mellon-superpod/ BNY Mellon, First Global Bank to Deploy AI Supercomputer Powered by NVIDIA.

Great employees get more work while others coast by

I’m constantly receiving extra work from my colleagues while my manager keeps making excuses, especially when there are higher-level colleagues who do less and get away with it. This is how great employees leave the bank. Fair and equal treatment... — read more 

Let go today

I was let go today but haven’t received my separation agreement or any information yet to my personal email. How long has it taken for others who have gone through this process?

Operations Town Hall

What are your impressions of the town hall meeting? I perceived a strong sense of accountability and commitment to positive change with Richard's involvement. Do you agree?

Redundancy package in London

What is the usual redundancy package for London employees at BNY Mellon (on top of statutory pay)? How many weeks redundancy payment per year employed ? Anything else?

Return to office policy fueling resignations

Instead of balancing return to office, in a productive way, the policies are driving people to resign. I heard both Jeremy Kross and Vivian Tungs recent resignations, RTO was a factor-as well as the constant change. Our operations teams are a... — read more 

Fired Last Week for something Months Ago

Last week, out of the blue my manager said they were firing me for non-compliance with the in-office hybrid model… in 2023. I heard from a coworker there that he read in his teams about people being laid off last week. A formal warning about being... — read more 

Leave!

If you've got some skills under your belt, and I mean anything that is usable somewhere else, I'd strongly recommend you high-tail it out of the hot mess that is BNYM and don't even look back. I'm too old to make the move myself, but I hate seeing... — read more 

Resigning

If resigning, do you have to tell manager where you are going?

Is HR protecting certain people?

I work in a global team of about 20. Our director is not very well liked and she definitely plays favorites. The US manager left in late 2022 and then most of his team jumped ship as well mainly because this new director was making everything... — read more 

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Post ID: @OP+1rA37TXB

Trying to get a hold of HR

Trying to get a hold of HR is a nightmare. I just sat on hold for an hour and gave up. I can never get ahold of anyone. Does anyone have an email address that works? My position was eliminated 3 weeks ago, and I need to be able to get my paystubs... — read more 

Work From Anywhere

Are these accrued and prorated if you resign? I assume can't be cuz their is no monetary value.

Redundancy package in London

What is the usual redundancy package for London employees at BNY Mellon (on top of statutory pay)? How many weeks redundancy payment per year employed ? Anything else?

BK Shares

What happens to the BK shares in our fidelity accounts if we are no longer with the company? Had anyone had any experience selling theirs?

I'm getting tired of this

My manager who has no life because he lives for this place always expects me to also not have a life for the sake of the company. I'm getting tired of it! At least he is well paid for what he does, I'm not. And in all honesty, even if I was, I still... — read more 

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