Most of you think we're done. I wish I could feel as confident about it as you do. I guess I'll have to go through at least one more day of stressing before I can fully relax.

Been here less than six months so just curious what could happen besides me losing one measly check?

The cuts were supposed to affect 3% of employees or around 1,500 people. Is there any way to know if that's how many were notified today? I'm trying to figure out if we're looking at several major rounds throughout the year of about 500 people each... — read more 

I know of at least 30 people from Pershing Technology that were let go today. Every single person was over 50 and many over 60. Personally if I was on that list I would sue the company for age discrimination. I would love to post a truly... — read more 

Should I disclose expensive disability now in the wake of layoffs. Would it protect or hurt me?

There might be some "cleanup" for the rest of the week, but I think they achieved what they intended to achieve today. Now we have to see how this latest round is going to affect those of us who are still here. We lost two more people on our team... — read more 

I wonder if some LOB/divisions are being more adversely impacted than others?

Seems like those 50+ are at the heat of these layoffs…. Age discrimination… higher paid talent in return for younger cheaper workers…. Hard to pin but smells a bit off!!!!

Anyone received confirmation?

Why are they laying people off when almost every area is severely short staffed and cannot fill reqs ?

OK let's share info about next steps....some basic things: system access was suspended as of today. How do we get our W-2's? If one is on severance for X-X weeks, when can one file for unemployment benefits? Like the other poster have not... — read more 

And they have the nerve to ask employees to 'act like owners'. No class. None.

I am also almost 60, anyone else this age getting let go?

What a glorious day! BUT, right after my manger's manager was done with me, I got two emails from BNY (at company email) about returning equipment. The problem is that my XID was immediately deactivated afterwards, so the link to look at request was... — read more 

BNY Mellon, it's a big company that behaves like a big company. Perhaps the most confusing place I ever worked; never clear to what part of the company I actually belonged. And that impressive 'vp' job title... Oh well... but I did work with some... — read more 

Discuss

Or is it all week?

Or an email? What should we be on the lookout for?

It's knowing that so many of us who are hard workers are stressing because we know there's a good chance we'll be given our walking papers today, while all the slackers whose only quality is knowing how to kiss the right butts are having a regular... — read more 

If you've received your notification or know somebody else who did, please post here so we can have everything in one place and hopefully get a better picture of today's layoffs and how things are developing. If you don't mind, please add your... — read more 

CYA

Good luck everyone. This company can be pretty heartless. How do you layoff when you’re short staffed and can’t fill reqs as it is? some people won’t deserve it and others absolutely will and they'll take it as opportunity to let you go finally after... — read more 

What are the chances somebody who's been with BNYM for under a year will be laid off today?

I didn't get much sleep last night. I know many of you would be fine with being cut but not me. This is one of the worst possible times for me from both financial and medical perspectives to find myself in this position. I know my productivity will... — read more 

I was on the receiving end of a BNYMellon group layoff a few years ago. 100+ people laid off. If memory serves, only 2 of them were under the age of 50 - not necessarily age discrimination, but discriminatory by the associated higher salaries that... — read more 

While it might be easy for me to say, I want you all to know that while it may seem gloomy; they say it’s always darkest before the dawn. You’ll get through it. Be strong and realize that BNYM in some strange way is doing you a favor. Go and do the... — read more 

The only reason BNY won't allow voluntary resignations to get SUB payments is because State Street tried that years ago and had way too many volunteers. Both bloated custody banks that are slowly dying. At least State Street at one point raised... — read more 

Pretty funny how he champions for diversity. It just so happens, three women of color were laid off over the last 6 months within his organization.

Maybe I just need a little more confidence that I won't be jobless for long if I do get the notice. There are surprisingly many who say that they would even like to receive a package and be laid off, assuming that the package will be enough to meet... — read more 

Aside from the fact that most in BNY can't pronounce Wroclaw, surely it's time to question this place? Are the staff immune from layoffs?

In all honesty, providing the current level of inflation and cost of living, what % pay increase would you say would be fair this year?

I just got hired 4 months ago. Really hoping they wouldn’t have hired me if they knew this was on the horizon but I’ve been pretty worried.

There are currently 2799 job openings. Personally, I don't see much sense in laying employees off and hiring new people simultaneously. You?

Many of the reductions will target management positions, as BNY Mellon seeks to preserve its investments in junior staff, technology and operations, the people said. Full article at:... — read more 

Bank of New York Mellon Corp. plans to cut about 3% of its workforce this year, or some 1,500 jobs, in its bid to streamline expenses, people familiar with the matter said.

For anyone that read the earnings report - BNY's profits were down 32%. We made $1.2 billion less in 2022 than in 2021. The CEO continues to express his thanks for our hard work and states how we are set up for a great 2023. It's hard to see how... — read more 

Under “Looking Ahead to 2023”: “We are reducing a small percentage of roles in order to redeploy savings into investment areas and to fuel development opportunities for employees.” I read that as “you’ll be taking on more work since we’re laying off... — read more 

We cannot survive very long as a low cost transaction processor. It seems that State Street or Northern Trust might be interested in acquiring us simply to provide cost reductions due to economies of scale. But then again, we don’t have a... — read more