Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Mellon

https://pittsburghquarterly.com/articles/the-selling-of-mellon/

Bad managers tarnish reputation

I thought moving to BNY Mellon would be a great career progress for me. I forgot that a very bad manager, who continuously frustrates the whole team, can spoil an entire organization. Why does BNY Mellon allow such managers to tarnish its reputation? — read more 

I don't get it

Someone told me that a person replacing a colleague who left is paid more than he was. It is hard to believe this, given that this person with vast knowledge and experience left because of inadequate compensation. In addition, his replacement has... — read more 

RV Re-Orgs?

Any significant re-orgs planned with the CEO transition getting closer? TSG could certainly use a firesale!

Tired of meaningless meetings

Biggest effectiveness busters at work - unnecessary meetings. So why the need for so many unnecessary meetings, after which I am often left wondering what their purpose was? It totally drains my energy. Nowhere, in any of my previous jobs, have I... — read more 

G & H Bands in NYC

Does anyone know what the ranges are for the G & H Bands in NYC?

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Titles

Does anyone know the titles and salary bands for employees in NYC? Trying to compare vs other banks

Will BNYM follow JPM on abortion care?

wonder if BNY will ramp up employee healthcare to include payment of travel to a state where abortion is legal. JPM seems to be ahead of the game on this issue to no surprise.

Underpaid in Pittsburgh

Pittsburgh staff, especially in Ops, are pretty underpaid. I left a team where most Ops staff were making about $40 to 50K, many with 10+ yrs tenure, without any added incentive and overtime was admonished. Any staff promotions were pretty bad... — read more 

Look at view counts, in 10,000s of thousands

No other bank has this high of a view count (most have views that go into high 100s and mayby 1000s) BNYM has programmed bots to scan each post for any updates and they roll up reports for management. As these bots visit each post several times a... — read more 

Peakon surveys

“ we heard you”. Yes. Workplace Wednesdays where we can collaborate in person- that’s what the problem is. Money we’ll spent on the surveys.

Stop complicating everything!

I hope most of you do not have a manager who is ready willing and able to complicate tasks that should be very simple! Why do they do that? What's the point? - I guess he just likes to make our job harder. For a while, I hoped that would change... — read more 

Salary Bands in Manchester, UK

Hi, does anyone have the salary bands for Manchester, UK. I'm on 36K for I band, but I now have team members on G grade who just joined on only slightly less than me and want to know how I compare.

Pershing is still dumpster fire

Pershing is still an awful place to work, and our new org structure is not working and seems more like someone’s pet project than actually improvement for clients. I see good people leaving the company, people with years of tenure, then others are... — read more 

Unvaxed

Have any unvaxed employees been terminated yet?

Booster

Supposedly you have to be up-to-date with your shots to be able to come into the office. If you didn’t get your booster six months after your first to you will be denied access to the building supposedly. Has anybody experienced this? Anybody past... — read more 

Phishing Test - Extra Day Off

So what id--t thought up this one? Nope, you're not getting an extra day off for your hard work. It is just a test to see how stupid you are. So did you click on it before your manager did the usual walk around telling you not to, which of... — read more 

Biggest increase for a new job

I could've gotten 10% pay increase at another organization but in the end I refused that offer because I wasn't satisfied with other things. My colleague accepted an offer with a similar pay increase. However, here I see people writing about getting... — read more 

Did they try to keep anyone?

I still haven’t heard that BNY Mellon tried to keep anyone and offer them better terms after giving notice. It happened to me at the last organization I worked for when I wanted to leave, but here it seems to me that there are no such cases... — read more 

Sinking ship, sinking stock

We this this place is a sinking ship. Stock price headed down to 40. Gone nowhere in over 20 years. This place is like the Edsel, Flobie, Betamax, and Enron.

The truth

So with all of the paranoia and false reports of evil Todd’s layoffs we are down only 3,090 from our high of 54,000, or 6% over the last 4 years. And this includes job security over the pandemic. We should all be feeling very good about our job... — read more 

Frequently changing deadlines and priorities

BNY Mellon has always been a busy place and employees have always been expected to respond to all changes quickly and gracefully. However, haven't changes in deadlines and priorities become more frequent now than ever before? That is my personal... — read more 

How many people left from the beginning of the year?

There was always talk about attrition and in most cases the numbers that employees speculated about were overblown in my opinion, but now I think it’s different. Lately not a day goes by that I don’t hear about somebody I know leaving the company... — read more 

Moving up at BNYM

I agree with someone who wrote that there are many of us who have been here for a long time without moving up in the organization. I am one of them and the reason is not that I am not trying to move up, but despite all my efforts so far I haven't... — read more 

Peakon surveys

Are Peakon surveys really anonymous, I've heard they might not be?

Ministry of lay-off truth

Apparently the layoff ministry of censorship doesn’t think unsafe subway commutes in NYC is relevant to BNYM forcing in office ‘collaboration’ as they took down that thread. Goodbye Zuckerberg

Project Catalyst - what has it done so far?

2022 started off as a year to start trying to be more efficient, but it seems these days, there’s more forms to fill out, more approvals to get, more people to vet things. More rubber stamps. Is anyone experiencing something similar?

I started to hate my job here

One who is not overly ambitious to advance in his career, one who will tolerate doing a double workload for almost the same pay, or one who will be indifferent to a toxic atmosphere... he/ she can be quite comfortable here. For everyone else... — read more 

Feeling nervous due to recession

Some of my colleagues think there will be no cuts, and some are convinced there will be. What do you think? Hypothetically, would a recession lead to big layoffs at BNY Mellon?

This will be my last year at BNY Mellon

I've been hoping to see things improve for three years and I'm finally done. The job market is still good and I plan to make full use of it. If you want to leave but are holding on for severance, I'd advise against it. Your chances of being affected... — read more 

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