Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Time to leave

If they meant to keep good employees with the change to the 401K plan, I think that plan will backfire. This could even encourage those who were thinking of staying here for a while to leave as soon as possible. Have you started sending... — read more 

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| 16650 views | | 7 replies (last January 6, 2023)
Post ID: @OP+1kueEMnM

401k idea set to minimum

Basically, some of us will make it out alive 'working' at bny mellon. While, others will not. I assume that the best approach is to reduce our 401k matching to the minimal. Is it 2% the minimal contribution to our wage/salary is the lowest that we... — read more 

Another disappointing year at BNY Mellon

I would say I hope the next one will be better, but this place has made me a jaded pessimist. I only expect the worst these days since that's what I've been getting for years.

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| 19010 views | | 2 replies (last January 6, 2023)
Post ID: @OP+1ksSVZsr

You have options

I've been thinking about all of you, and I wanted to send my prayers. I know a lot is going on right now, but it's important to remember that there is life outside of BNYM. A very good one, at that. I just want to throw out there that everyone... — read more 

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| 20450 views | | 3 replies (last January 2, 2023)
Post ID: @OP+1krRvEXY

Employee Stock Purchase Plan- Is it worth it?

I am new to the world of finance and could use some guidance from those of you who understand the game much better than I. Is contributing toward's the ESPP worthwhile, and if so- what percentage of your paycheck is good to invest? Any insight is... — read more 

Bonus Payouts

Anyone know when numbers are to be announced and paid out?

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| 22290 views | | 7 replies (last December 31, 2022)
Post ID: @OP+1kqJJshv

Pay cuts coming

Remember, any raise less than seven percent is a pay cut.

They drive the best talent out the door

I’ve seen some of the most talented system architects give up out of frustration with BNY politics. Many in senior management are threatened by people they realize have better ideas than they do. It’s hard to imagine more corporate self-defeating... — read more 

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| 19813 views | | no replies yet
Post ID: @OP+1kqlImNu

Where would you go?

If laid off, where would you start your search for a new job? I'm considering leaving the banking sector completely. Everywhere I look, it's the same cr-p, just packaged differently. I'm thinking of trying to join a much smaller bank or just look... — read more 

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| 20480 views | | 7 replies (last January 2, 2023)
Post ID: @OP+1kqpeVca

Where did all the money go, Roman?

All those new groups of people who do what, exactly? The senior hires with fat pay packages? The people being paid Silicon Valley start up wages to reduce fax volumes? A crypto platform that nobody wanted or needed, rolled out at the very moment that... — read more 

We can all agree major cuts are coming

It will most likely happen next month. What are you doing to prepare in case you are affected? I have tightened the belt in the last few months and plan to continue saving as much as I can. I have also started networking just to feel out the... — read more 

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| 32820 views | | 20 replies (last December 30, 2022)
Post ID: @OP+1kjuRJy5

Hollow holiday wishes

Anybody else tired of the canned hollow holiday wishes from the executives? They all mention supporting or RTO & other propaganda.

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| 32470 views | | 14 replies (last December 31, 2022)
Post ID: @OP+1kiEVDQG

Geo 1 Job Level L Salary Band

Does anyone have it? Also, do salary bands differ for division? I know a very old copy I have shows everything the same except IM.

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| 34910 views | | 10 replies (last December 22, 2022)
Post ID: @OP+1kgWRplB

Those who ranked partial

Anyone have any insight into partial expectations as it compares to below expectations? Are those ranked partial still getting a bonus/raise? I'm wondering the same. I would appreciate it if someone could answer these questions.

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| 34633 views | | 5 replies (last December 21, 2022)
Post ID: @OP+1kgI62Rp

Required days in office

What’s the deal if we can’t make it into the office a minimum 2 days a week on certain weeks? I can’t get a consistent response on this… I typically am in the office the mandatory 2 or 3 days a week but on rare occasions I need to hang back and work... — read more 

Comp day - when?

Newcomer to BNY here . Anyone knows when is comp announcement and the actual pay day? I ask because I am getting very jittery. Thank you all!

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| 33920 views | | 5 replies (last December 21, 2022)
Post ID: @OP+1kgo2ZLO

US bank holidays to be converted to floating holidays.

They piloted this with Columbus Day And Veterans Day, but now they plan to implement this for Christmas, Memorial Day, Thanksgiving, etc. you’re probably thinking, “just use floating holidays there”, but nope. The expectation is that most teams will... — read more 

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| 37170 views | | 5 replies (last December 21, 2022)
Post ID: @OP+1ke3eAyY

Totally wrong resource planning

Instead of them just keep piling more work on us, maybe the management should finally pay some attention to resource planning. It is impossible to overwhelm employees this much and expect them not to leave. I don't think of myself as someone... — read more 

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| 36050 views | | 8 replies (last December 18, 2022)
Post ID: @OP+1kdWqCMi

Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work.

A violinist played for 45 minutes in the New York subway. A handful of people stopped, a couple clapped, and the violinist raised about $30 in tips. No one knew this, but the violinist was Joshua Bell, one of the best musicians in the world. In... — read more 

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| 37420 views | | 7 replies (last December 16, 2022)
Post ID: @OP+1kctIWo3

CEO webcast

What a bunch of BS & fluff I see they are back to constantly saying “act like an owner”. & what a disingenuous response to reducing our retirement benefits. Just vague statements & awknoledgement that it’s to keep people from leaving - however a... — read more 

Mental Health

The right place to work if you are looking for mental health issues. I have never really believed in this kind of thing to be honest until I got to work at BNY in Wexford. It is insane how much pressure they put on you, very poor training, people are... — read more 

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| 35500 views | | 3 replies (last December 13, 2022)
Post ID: @OP+1kaBHCTx

Let's pretend we couldn't see it coming...again...

In May 2020 I posted an article in the Higher Education Inquirer on the last economic downturn. It was the 27th downturn in US history. Remarkably, few could see that downturn coming, a result of the covid pandemic. More than a million people died... — read more 

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| 35680 views | | 7 replies (last December 31, 2022)
Post ID: @OP+1kaFLb3B

I'm disappointed

I joined BNYM a year ago, and I was so excited to start. It was my second job, and I thought it would be an amazing experience. I'm not sure what happened; the last year has been a whirlwind of disappointment and fear. I'm so confused about what's... — read more 

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| 36230 views | | 14 replies (last December 16, 2022)
Post ID: @OP+1k9XO5S8

WOW points inquiry

I want a new laptop or TV for WOWS points that I never used before the pandemic. Did I forfeit those WOW points or can I still redeem it. Not enough money given to me in the role this will help. Will elevate my mood due to this 'drama' and 'stress'... — read more 

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| 37670 views | | 7 replies (last January 12, 2023)
Post ID: @OP+1k7Twy1o

Who is D&A? What do they do?

During my year-end review, I was told repeatedly how it was "a difficult year for D&A" with "many changes to come". I inferred this was bad for me but not sure what team this is. Is this the database infrastructure squad? I asked my manager but he... — read more 

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| 37262 views | | 2 replies (last December 10, 2022)
Post ID: @OP+1k7eaJUT

Raises

How are the raise’s looking bankwide this year?

Layoffs and bonuses

I am not asking for speculation here, so if you don’t have absolute confidence in your statement, don’t make it, please. Used to be, if an employee was laid off during the year, they would still receive a bonus the following year. It wasn’t usually... — read more 

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