No point in trying and certainly no point in giving it your all. We are all seen as replaceable by the management, especially if our pay is on the higher end. There are plenty of people who'd work for significantly less looking for a job right now... — read more
Congratulations State Street!
I hope BNYM is your next target and all the obnoxious, self -servant aholes who work for BNYM see how it feels to get their walking papers
Unprofessional workplace
Is it just me or is this really one of the most unprofessional workplaces you’ve worked at? I had high expectations before I came here and therefore my disappointment is even greater as it turns out that the small bank I previously worked at was... — read more
Employee attrition / layoffs at pershing?
Pershing departments has been going through an internal organization reshuffle and it will be interesting to see where people land who gets to stay or gets let go. One thing is Pershing has made a mistake to promote people managers without having... — read more
People don't want to work hard for free
When a company shows respect for their employees that helps boost employee morale. I don't think people mind working hard but they do mind working hard for free. Who doesn't want to feel like their hard work is being recognised or appreciated??!... — read more
I was disappointed
The last time we had layoffs I was disappointed that I wasn't picked. It sounds awful and I know there are people who were laid off who'd give anything to still have their jobs, but that's how I felt at the time. It makes me sad that this bank has... — read more
A Looking Glass of the Bank
https://www.inc.com/marcel-schwantes/5-traits-that-will-instantly-point-to-someone-with-bad-leadership-skills.html Reading this, I instantly thought of Bank of New York Mellon and my old division. So glad I no longer work here. Employees here... — read more
Too much hate
I'll grant you, this is not the best place to work but does it really deserve all the hate it gets here? People seem to get too involved with their places of work and expect too much. You do the work, you get paid for it, that's it. I don't expect... — read more
Too Much Management leads to Inertia
The ‘bank’ has too many managers who are not actually managers. They are a waste of money whose sole purpose is to take credit and place blame and to make sure their names are brought up in a negative light. It’s a sick culture. — read more
Giving way more of our money
I see we just "invested" $3,000,000 in Optus Bank as part of the treasury financial agent Mentor-Protégé Program. This is after giving away $20,000,000 for the educational and workforce development programming in underserved populations of New York... — read more
QA Analysts targeted
if you're a manual tester be warned. either update your skills to be an automation tester or you're probably going to get canned in the very near future. senior management is trying to make everyone an engineer across the bank.
Sh1tcanned
BNY is a cost cutter. Outdated and no growth so cut higher paid (older) employees. It is essentially Amtrak. The government needs it to run but unwilling to pay. Similar to hitting a pothole, the road still works but not going to pay to fix it... — read more
Layoff got re-strategized
Folks Bank is not looking how employees are being rated., it's randomly picked! What a blow to those who gang up to protect their favorite child. If you are making below 100k a year and worked more than 5 years, you might be safe. Because bank can’t... — read more
Please Help...SUB Pay
I have searched for this topic and I can find nothing as I can only go back so far. I am so confused. Whoever has had to deal with this can you please let me know what I should or shouldn't be doing solely based on your experience and if I really... — read more
Everything is wrong
So many things are wrong at BNY Mellon these days, from no opportunities for growth to extremely long hours to lack of proper raises and bonuses. Layoffs are always on everybody’s mind, which is affecting morale drastically. Everybody who can leave... — read more
To those who were told that their job was eliminated
I see that some have been told that their job has been eliminated. It must be really stressful but I'm convinced that most of you who are let go will find a much better job. Short term stress for long term good. What interests me is did you have any... — read more
Aka$h = the worst
Chief Growth Officer? Sure.
Financial services employees need to organize!
The FS industry has been enabled with greed, unscrupulous practices, shady products, etc. because employees are afraid to speak out and lose employment. In return, they are treated poorly, particularly in the US with it's employment-at-will practice... — read more
What was their excuse when they fired you?
They told me my job was eliminated. Speaking with coworkers I left behind, it was obviously moved to India. What excuse were you give?
Your move EC !
Schwab employees received 5% increases. The company said the pay increase is in recognition of worker's "unwavering service to clients and each other throughout the pandemic."
How did your enthusiasm for working here disappear?
I don’t know if BNY Mellon cares about that at all, but I think the largest percentage of employees don’t have any enthusiasm for their job here at all anymore and are less and less engaged. The day I said enough was enough and I wouldn’t care at all... — read more
Bottom-line profit is the only thing that matters
Employees who do the work that makes that profit possible are not recognized for their work. Instead of an asset, we are treated like a cost that needs cutting by the management that's only looking to fatten their own pockets. How many things can... — read more
The blame game
Why do so many threads reference the mgrs as the problem? I see so many people on my team that are employees who are actually the real problem. Don’t know the job, have to be hand held constantly, late all the time, ignore emails, and always seem to... — read more
Cobra
My benefits run out at the end of September. Haven’t seen anything about extending my health care on COBRA yet. Is it lost in the mail? Also, how much does it generally cost per month? Double the normal premium? Triple?
Worst Recruiting I’ve Ever Seen
Anyone else tired of BNYM recruiters? Impossible to get a hold of, strong you along for 3-4 interview rounds just to ghost you at the end of it all, no feedback whatsoever on candidacy. It’s amazing how they continue to get away with treating... — read more
Peakon feedback
Here's the missing question from todays GOTWire What are your thoughts on Women's Equality Day? All I am thinking here is the 'Animal Farm'. Thank you for another laugh, BNYM.
The noose is tightening - new SEC disclosure rules coming. Offshoring will finally be exposed.
Companies push jobs offshore because companies are not required to disclose where in the world employees are physically located and the cost savings to the company are incredible. A corporation will do ANYTHING - even highly if its questionable and... — read more
Forced ranking depression
My thoughts are with the young guy in Dublin office. Doing his best, and subjected to multiple BE ratings, and now going for counselling. Opposite effect is the result - demotivated, depressed. I told him about forced rankings... He did not believe... — read more
Please remove me from this email
Hahaha Those of you on the CTC thread going around will get the joke. Just wondering how many more reply all we will see today.
BYN crypto commitment
Whats going on with talks of agreement with Grayscale? Is ittime to pull plug, Bag Hldr s. thanks Jim Kramer
People are dropping like flies
Anyone else noting this? I know of at least ten people that have recently left TS over the summer.
People work extra hours for nothing?
Many colleagues work extra hours for nothing, probably hoping to make sure they stay a little longer at BNY Mellon. People neglect their private lives because of this place. And what happens in the end? It all turns out to be in vain. It is those who... — read more
What scares me
So many people are willing to walk away due to RTO that those of us who stay will be screwed when it's all said and done. Imagine how many jobs we'll have to do before they're able to backfill those positions in the current job market. Do you think... — read more
Recent Layoffs?
did people get laid off recently? Who on this site got laid off? how many overall? what groups? did they get a sub? some info about layoffs might be good on a site that is supposed to be about layoffs - not just complaints.
We don't think we're guaranteed a job, but we should be guaranteed reasonable security
There is NO reason the bank has to ambush us when they decide to cut headcount. A successful company should have a long term plan and shouldn't be reacting day by day to micro changes in the world. We should know the work we plan to do and how many... — read more
Hurricane heading toward NYC
Hope it's not as bad a Sandy since our genieAss leaders decided to consolidate all our offices.
Layoff vs. Retirement
I asked my boss in my business unit about early retirement and he wishes they offered it but they don’t. Instead, managers get the names of people that want to retire in the coming months, typically older. They rank , the older people “below” and... — read more