Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Layoffs in KYC??

Hello, I was wondering if there are any rumors about layoffs in KYC? I sort of wonder if my manager might have hinted at that recently. I am based in the U.S. Although, since KYC is the first line of defense, it seems to me that it would be more... — read more 

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| 8150 views | | 6 replies (last December 20, 2023)
Post ID: @OP+1q8CuRtH

Beware of Voya if you're terminated.

So my job was "eliminated" a few years ago just as I turned 55. I had a couple million in my 401(k) so I decided to not quit the hustle and bustle and was living off savings the last few years while I converted some of my 401(k) to the ROTH 401(k)... — read more 

Layoffs and Bonuses

Hi, if I get let go in dec-January do we still get our bonus for 2023 since you worked the whole year?

End of Year Promotions:

How Hard is it to get promoted at the end of the year? Is it typically performance based or decided by Senior managers?

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| 9460 views | | 9 replies (last December 15, 2023)
Post ID: @OP+1q3sIG4b

BNY Mellon to Expand Presence in Lake Mary

https://finance.yahoo.com/news/bny-mellon-expand-presence-lake-135900252.html Our "leaders" are going to spend tens of thousands of dollars to lay off an employee in Syracuse or Pittsburgh and tens of thousands more to find a replacement in FL just... — read more 

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| 10530 views | | 19 replies (last December 18, 2023)
Post ID: @OP+1q2hn3Wq

A question regarding layoffs

Are newer hires eligible to receive severance during layoffs? People who have been here for under six months? I left a good job to come to BNY Mellon but with the constant threat of layoffs, I'm thinking I made a mistake. I hope that I'm entitled to... — read more 

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| 8690 views | | 4 replies (last December 12, 2023)
Post ID: @OP+1q2dPAbh

Met Expectation

I worked my a** off this year and received a met expectation. Anyone else have a similar situation?

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| 11450 views | | 26 replies (last December 20, 2023)
Post ID: @OP+1q1JwfKU

State Street 1500 layoffs

Are we next for another round? Seems like they are ramping up their Indian operations.

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| 10100 views | | 6 replies (last December 13, 2023)
Post ID: @OP+1q0HOCzz

RV, Failure is NOT an option

It’s business. You all know that. We’re a bank and attempting to be a technology company. Kinda weird right. The dude came from GS. He’s here to make an impression, clear the fat, make it lean, pump the stock, and then after all that move on to... — read more 

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| 9980 views | | 9 replies (last December 11, 2023)
Post ID: @OP+1pZdZlHJ

Salary Bands

With the minimum wage increase, does anyone know how the salary bands shift for each grade level? No need for sarcasm, I know it's probably not that big of a shift but I'm still curious where I land.

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| 10760 views | | 7 replies (last December 13, 2023)
Post ID: @OP+1pY4DWSS

PSA: equipment replacement will be taxable

If you place an order for a new headset, webcam, keyboard, laptop, anything, really, BNYM will fulfill it, but they'll pass the tax onto you and you'll see a line item in your pay check that shows the taxes you owed. So far this is only for... — read more 

I'm nearing my burnout point

Is anybody else so overworked that they're just waiting for the day they're going to snap, say "fu-k it," and quit?

In office exception

On the homepage, there is a link to iin- office exception reporting. Within that page it talks of tracking whether or not you’re in office via in-office connectivity. Also claims they are not tracking hours connected….. just whether you connected in... — read more 

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| 10170 views | | 8 replies (last December 8, 2023)
Post ID: @OP+1pWHVtP0

I'm stressing so much

Even when we're fairly certain there won't be layoffs in the next few weeks or a month I can't fully relax. All I do is stress over it. I think things have gotten so bad that even in the few calm moments we get, the prospect of what we know will come... — read more 

Required Remote Inspection

Has anyone gotten a Required Remote Inspection - Virtual meeting request? We have no idea what it’s for.

December Layoffs

Any layoff expected for this month? If so when?

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| 11530 views | | 29 replies (last December 17, 2023)
Post ID: @OP+1pT5u1pA

Too many BBH expats ruining things

BBH has a more white-glove service model compared to competitors in the industry. But they also put themselves in a position to almost be bought by State Street. While that was happening, many of BBH's finest came here. Many of these people are so... — read more 

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| 9990 views | | 6 replies (last December 2, 2023)
Post ID: @OP+1pRIWFS3

Oriskany

Is it true that there will be minimal raises and no promos for Oriskany folks?

The precarious worker

Welcome to the dawning of the Di-kensian age in America. Row well and live! 😂

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| 7196 views | | 1 reply (December 7, 2023)
Post ID: @OP+1pRJYkEp

New minimum starting wage 46,800.00

So all new hires will start out at 46,800.00 per year starting March 1st. 22.50 per hour. Anyone making less than that will receive an increase to bring them to that amount. The people that have been here for years and barely make more than that ... — read more 

BNY Mellon is a huge McKinsey experiment now.

Robin invited McKinsey in to redesign the way the bank works. He and Dermot are sitting back and watching how the chips fall. No care at all for the careers they destroy along the way. We’re only lines in a spreadsheet to them. Maybe they’ll succeed... — read more 

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| 9900 views | | 15 replies (last December 7, 2023)
Post ID: @OP+1pPygu24

5 days starting in january

are they not going to give us any heads up or what? oh hey come in 5 days starting next week and make sure you find childcare!

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| 10950 views | | 23 replies (last November 29, 2023)
Post ID: @OP+1pNjhiXF

Question

How many on here actually perform like they should ? You know hit your goals, have good attendance, know your job etc etc? Because all I see is mgmt blamed . yet as a mgr I’ve had to become a babysitter to adults who don’t follow rules, direction... — read more 

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| 10220 views | | 19 replies (last December 1, 2023)
Post ID: @OP+1pLokLp6

Trying to understand

When I joined BNY, I felt motivated, challenged and inspired by Bank’s unique position in global financial markets. But by the time I left, I was equally demotivated by cliques, favoritism, lack of new projects in my department, overhiring during... — read more 

Numbers for next year

For my group - 20% First names to be given one day before thanks giving.

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| 12710 views | | 20 replies (last November 28, 2023)
Post ID: @OP+1pHZhRux

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