Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Why are we stuck in the past?

Why is this place so stuck in the past? Why is any out-of-the-box thinking not just discouraged but can affect a person's career adversely? It's been obvious for years that the way things are being done is not working. Still, the management is doing... — read more 

401k match catch-up

So the bank has a policy that if you max out your contributions early in the year, and thus can’t contribute later in the year and get the accompanying matching BNYM contribution, they will do a “catch up” payment on your behalf. My question is, do... — read more 

Diversity Fail

They can’t find diverse staff because they aren’t willing to look harder. Below expectations!

Almost no life outside of work

When I first got a job here, I found the new colleagues a bit funny because they seemed to have absolutely no life outside of work. Over time I realized what the reason was. I was never overly ambitions, but the accumulated stress and being... — read more 

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Post ID: @OP+1aJivE2W

3 C’s

Don’t take everything negative about this company, think about the lesson it gave you and most importantly 3 C’s Choices Chances & Changes You must make a choice, To take a chance OR Your life will never change This company is giving you a... — read more 

Things to improve

The competition is better at some things and worse at some others. What would you fix at BNY Mellon to rise far above the biggest competitors?

Do you know anybody who has quit recently?

Do you know what the procedure was for them? Did they have to give their two weeks notice? Is that even necessary? I'm planning on quitting but I haven't found a new job yet. Once I do, I need to know when I can tell them I can start. I'd like to be... — read more 

Do not sweat if you got laid off

It’s legit one of the worst places to work, and I’ve worked at many. If your boss was as awesome as he/she thinks he/she is, he/she wouldn’t be working at BNY Mellon. Joke is on them. I and many of my colleagues got better paying jobs after leaving -... — read more 

The same problems constantly reappearing?

I see no strategy from my bosses, they are generally BNYM lifers, lacking ideas, deep into the technical details they know how to overcome problems when they arise but don’t know how to plan a route to avoid repeat issues. I have no other... — read more 

Fear Culture Anywhere Else?

I used to work in Risk and there is a HEAVY fear culture there to the point where both myself and colleagues began to suffer high blood pressure and anxiety attacks. I’m curious if it’s like that everywhere or just this department. Shocking that they... — read more 

Change baby change!

If you don’t change, you don’t grow. If you don’t grow, you aren’t really living.

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Post ID: @OP+1aADyQM5

Early retirement

In my two and a half decades in the workforce I had to deal with the great recession, the onslaught of H1B visas, outsourcing, and now finally the pandemic. I remember I used to have plans of early retirement so that I can properly enjoy the many... — read more 

I can't understand this

I can't understand why we keep hiring people at the same time layoffs are happening? Yes, I know that people being laid off earn more than those being hired, but when you calculate in the loss in knowledge and experience – which affect productivity –... — read more 

BNY Mellon is a company full of burnouts

The culture is absolutely abysmal, especially in Pittsburgh. When I was there, I would look around and see people everywhere suffering from emotional exhaustion. These were barely functioning human beings. The longer the tenure, the more the... — read more 

Promoted, but not happy

Has anyone been in a situation to get promoted without liking a new role? That is exactly my case. I wanted to be promoted for a long time, and then when that finally happened, it turned out that I didn’t like the new role. It’s generally a... — read more 

It’s time to move on

I have no love lost for the bank. I was an embittered employee that was laid off last year. I held on to that bitterness for months but eventually I realized that it did me no good. For the sake of those who are still employed I wish nothing but the... — read more 

SUB eligibility?

How does BNYM know if you get another job? I really want to make them pay me every last penny.

Feeling energized by your job?

Recently, my colleague who was passionate about her job resigned because she completely lost motivation for both her job and for BNY Mellon. On the other hand, there are a lot of things that have also started to bother me a lot here, however, I love... — read more 

I don’t even know if I’m still employed

I am currently a BNY employee and was told that there is a good chance I won’t have a job here going forward. But They told me I might depending on how the year transpires. So essentially if I play my cards right I still might have a job (keep in... — read more 

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| 48830 views | | 4 replies (last April 22, 2021)
Post ID: @OP+1at6LmSe

Playing with people's lives

What's the point of hiring somebody just to lay them off less than six months later? Our team desperately needed help after many layoffs decimated us and we (shockingly) got it in October. The guy was young and had little experience but he was... — read more 

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Post ID: @OP+1atuJK9V

Do you manage to get enough rest?

When I describe to friends my work day here I can hardly believe how bad it is. However, it is no longer a problem that I spend my working day under so much stress and being overwhelmed with work, but that when I have a day off I simply can't get... — read more 

Why would you want to get a layoff?

I would very much like to go to another company, but not by getting laid off here so that then I have to accept the first option that is offered to me. However, there are a lot of people who have been telling me lately that they would like to get... — read more 

Severance package

For the people who were laid off earlier this month: what kind of severance did you receive? Is it the usual package or have there been any significant changes to it? I know that many companies have used this opportunity to cut down severance and it... — read more 

Don’t consider yourself safe

People who think their position at BNYM is safe are delusional. I know a few who think their years here will keep them from ending up on the layoffs list DESPITE it being proven over and over again that it’s exactly people like them (older employees... — read more 

I work hard and hope to stay as long as possible

Is there any way to try to keep the job without some unscrupulous backstabbing or brown nosing? When I read some of these threads, I get the impression that it is impossible to keep a job here just based on your hard work and even upgrading your... — read more 

Quick deadlines

The manager has been giving me work with ever shorter deadlines lately. I still finish everything on time, but now I'm starting to feel like he wants me to fail at finishing the work on time. If I keep working at this pace, I definitely think I... — read more 

Total Joke

Was let go last year because of the bs false BE rating that all managers “fight” not to give. True leaders won’t even think about playing these game, but the managers here use it as retribution to those that don’t “kiss their ring”. Best part of... — read more 

Stop blaming mgmt cause you’re a sh---y employee

I’m so sick of see constant complaints about mgmt. do you know how much c––p they have to deal with from people who are late constantly and can’t do a job they’ve done for several years. In top of it when something is messed up who do you the s––t... — read more 

Need a change

For those who have worked at major financial institutions, which one is the worst and which one is the best in your opinion? This is the first company I’ve worked for and I’m actually thinking of finding work elsewhere. Not because I think it’s a... — read more 

You are just a number

You’re a number. That’s it. If you are an all star, they will keep you. If you are not “innovative”, you are on a chopping block. Those are just the simple facts. I was axed 2 years ago, and will say that the grass is greener. The days of working and... — read more 

Why is everybody so terrified?

I joined BNYM about six months ago and I seem to be the only one on my team who is not terrified of losing my job. I swear, everybody is always scared and nobody dares complain or even talk to the manager. For the life of me I can't understand how... — read more 

Expenses increase in earnings note

What is this bs that "due to higher staff expense, due in part to the appreciation of our stock price associated with equity awards" As a company we are struggling and then again it reflects society - where the richer get's richer and poorer get... — read more 

Feeling guilty instead of BNY Mellon?

I can’t describe how I felt when the person that taught me how to do the job was laid off. Absolutely unfair. She deserved to stay at work more than anyone in my group. BNY Mellon definitely makes completely irrational decisions. I was put in an... — read more 

Those who have been laid off

Have any of you refused to sign their bs after being laid off and sought advice from an attorney? Yes we know any company can lay you off for whatever reason blah blah but the false ratings given to do it without warning of a performance issue isn’t... — read more 

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