Of course layoffs make sense when new revenue does not exist but falsifying performance reviews to justify eliminating associates is downright disgraceful and borderline unethical.This has impact on possible future employment opportunities.We receive email after email about about what’s morally correct but it appears that went out the window with these forced lies on evaluations .Shame on this Company.
7 replies (most recent on top)
Absolutely over the line unethical
Don’t sweat your mental state, lots of us in the same boat. Second time for me in 3 years. Even though I was expecting it, and didn’t really like my new position, anyway, it very stressful. You’re in fight or flight mode all day and nothing you can do about it. Just recognize that it’s a physical response to stress and do your best to manage it.
Work off the adrenaline, take long walks, clean your garage. Stay busy.
Got my first negative year-end review with over 10 years. Mid year was just fine review, positive. Justification for negative was for nitpicking things that actually improved from midyear. Ditched Monday. Sensed something was in the works, just not this soon.
One of our managers got laid off today because he refused to give a 'below expectations' rating to someone who didn't deserve it.
I also got a negative end of year rating.
My mental health is suffering, and this is going to send me right over the edge.
This practice has been going on for years. Always had to manage to the bell curve. BNYM is the epitome of what is wrong in the world. Instead of growing with revenue, they cut employees to be "more efficient", or the easy way out to drive margins. Management is awful and can't manage their way out of a paper bag. The former Investor Services Group is a prime example. The management team are just puppets, knowing what they are doing is hurting people, but justify it, as long as it is not them. Someone should really take a long hard look at the work that is sent to India and the domestic use of temporary employees. They hire temps to avoid having to pay benefits, which should not be legal. Especially when the number of temp employees is greater than full time. The quality of work has declined for several years as employees don't care, and why should they. The founding fathers of this organization would be ashamed of the management team and the poor decisions made that hurt so many employees, so that the management team can justify their exhorbatant pay and bonuses. Do you really believe the CEO deserves to make a salary exponentially greater than the people who actually make the company run? Good luck to BNYM's clients who want to maintain their own clients. Quality is not a focus, only the profit margin is a priority. You are just as bad if you continue your business with them.
You nailed that one, the bank should be ashamed of the way they are treating their employees. Imagine being at a job performance record being excellent and all of a sudden your not meeting expectations.