Thread regarding Bank of New York Mellon Corp. layoffs

The org chart turned upside down

Here is a good tip for those still at bny Mellon trying to make sense of things. When you are in Mysource looking at the org chart, read it from the bottom up, instead of from the top down. The managers don’t manage the team that’s under them. The managers manage the higher manager that’s above them. So if Mike is the higher manager, it will show that Mike is Joes manager and that Joe manages a team of 8. The reality at BNY Mellon is that Joe doesn’t really manage the team of 8, although Joe definitely gets credit for that. Joe manages Mike. All day every day Joe manages Mike. Joe spends all his time and energy giving Mike the perception that Joes team is the best team on earth, when in reality, it’s really quite the opposite. Joes team has some problems, but you can be sure that Mike will never know about it. Bny Mellon has an ineffective system to ensure accountability or to properly rate an employees performance, and so Joe gets away with managing Mike instead of his team, and no one questions it.

So who really manages Joes team? Someone on the team of 8 manages the team. This poor soul is just one of the team members. He or she is a a manager without the title or the pay, oftentimes unqualified or inexperienced at being a manager, but yet this person is running Joes team while Joe manages Mike. This poor pseudo manager thinks that he or she is gaining valuable managing experience that may help him or her advance their career down the road. The reality is that Joe will hide behind the pseudo manager when times are bad. The pseudo manager “takes one for the team.” When times are good then Joe gets credit for EVERYTHING the pseudo manager did for the team. The pseudo manager is just being used while Joe continues to perfect his perception of the team to Mike.

This is BNY Mellon in a nutshell. It’s one of many games played out in the environment on a daily basis.

Working at BNY Mellon is a lot like trying to fight a war with nerf darts. Nerf darts don’t follow the normal rules of physics, and your career will never follow the basic rules of common logic.

This in a nutshell is life at bny Mellon.

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| 2773 views | | 9 replies (last August 22, 2019) | Reply
Post ID: @OP+10ErvAF5

9 replies (most recent on top)

Next year I start my 5th decade in finance. The last 14 at BNYM. If I did not like the work, I would retire. Worst management ever!

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Post ID: @1jmn+10ErvAF5

Wow the org chart being turned upside down. It's as if you have just described my "manager' and team at QVS. It's incredible how this behaviour is integrated in the entire organisation.

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Post ID: @1vza+10ErvAF5

The Bank needs to be more concerned about treating staff with integrity and support individual growth without chopping off the benefits that keep the talented employees from leaving. The team mentally and supervised groups with inexperienced managers is failing them.

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Post ID: @1ypa+10ErvAF5

The longer you are employed by the bank, the more eager they are to push you out. Do as little as possible and take as much as you can from them.

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Post ID: @1zor+10ErvAF5

Totally agree. BNYM is the most f'up organization I have ever worked at. I hope they lay me off.

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Post ID: @1egr+10ErvAF5

That description is me. My supervisor can not answer simple questions. I had new hires asking why I wasn’t the manager.
I can also understand the mangers point of view as well . I don’t blame my supervisor or manger , it’s BNYM. Just means I will do as little as possible from here on out.
I use to be exceeds expectations then the new ratings metrics came to be, now I just meet expectations. Average employee is what they will get from now on.

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Post ID: @1caf+10ErvAF5

I am sorry, but you sound slightly unhinged. You may have been driven to it though.

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Post ID: @1rmr+10ErvAF5

I am a manager. I have no power to do anything for my team except talk to them, organize them, advocate for them, do timesheets and HR admin. That is important, but I am really just a busy administrator.

If people or performance improves, it makes no difference. All policy decisions that affect my team are passed from above, to me for implementation (or it will be done for me). I can disagree but it changes nothing. If I disagree disagreeably, I will could be laid off. Then some other powerless person will take my place.

Of course I am one of many looking for another job. Maybe I will be laid off before then. I will do what I can until I leave, but have no delusion that it will make any difference, for me or my team or even my own manager.

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Post ID: @1jln+10ErvAF5

Can't agree with you more, you nailed it.

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Post ID: @1zgn+10ErvAF5

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