Thread regarding Bank of New York Mellon Corp. layoffs

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 employee exhibited the symptoms of burnout. Employees at BNY Mellon act overwhelmed and hopeless without the energy to cope or respond to anything! People are just callous. No attempt at positive interpersonal interactions. Complete distrust of everything and everyone. Constant feelings of fear, helplessness and despair. No interest in functioning in society outside of work. Social avoidance. Lots of people I interacted with at BNY Mellon had sleep issues, because all they do is think about work and how negative it is. The physical symptoms that BNY Mellon employees showed while in the office was unbelievable. Physical shaking and tremors. The constant feeling of being cold even when it was 85 degrees outside. These people would actually have mini space heaters running under their desk in the middle of summer. People were suffering from chronic fatigue, chronic headaches, clearly not eating right, not exercising, poor hygiene. I knew people at this company who clearly had depression, mood disorders, anxiety disorders, problems socializing normally with other people.

The amount of physical and emotional illness that I witnessed at this company was truly truly sad. What's even more sad is that BNY Mellon is just one snapshot of what's going on at all companies throughout corporate America right now.

I think a good starting point to improve this culture is that everyone needs to learn how and when to say "no" to their supervisors and to their peers. That would go a long way towards preserving your physical and mental wellbeing at a place like this.

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| 59768 views | | 28 replies (last July 24, 2022) | Reply
Post ID: @OP+1avilU7a

28 replies (most recent on top)

@7nnys , same thing happened to me when I was 54 although I was make quite a bit less than my co-workers. I was too busy getting things done so I didn't bother bragging how good I was to the managers up the chain. But my immediate manager and co-workers knew. And there were quite a few things that no one in our group was capable of so they passed it on to me.

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Post ID: @7nfxh+1avilU7a

Worked tons of overtime hours for them researching software issues in the evening and doing deployments (evenings and weekends)

Last review my boss gave me the highest evaluation and raise on my team and they rewarded me by laying me off because I made too much money and was older than the other team members.

Boss was pi---d his manager wanted to cut the best performer on his team. In a team meaning after I was gone another manager implied I was let go because I was too old. Considered suing them but my attorney said it wasn’t worth it,

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Post ID: @7nnys+1avilU7a

@5joj+1avilU7a. All of my PCPs over the past 15 years have all asked how well I cope with the stress and long hours here. Apparently the toxicity is fairly well known in the medical community throughout the region. It’s the same with Highmark as well. I described my approaches and strategies for managing the stress and toxicity and he liked them. I channel the negativity into long lunchtime walks, exercise and always steel my mind as I walk into the office. The only thing that I cannot solve are the nightmares.

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Post ID: @3qisv+1avilU7a

@3odss, Plenty of people here DEPEND on their job and BK takes advantage of that. I witnessed first hand an employee in tears wondering how she was going to pay for her sons medications when they forced us into an HSA that started with practically $0. And this was a senior programmer analyst so it wasn't like she was only making $60k.

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Post ID: @3qyij+1avilU7a

The two people in upper mgmt for Global Operations in Jersey City have totally destroyed the Physical Processing Dept. These two inept people, a Chibese female from Goldman Sachs and an Indian make transported from India destroyed the fibre of the dept. The latter is so darn arrogant and feels everyone is beneath him while knowing zero about the dynamics of the dept. This transport from India has reduced the staff to burn out due to insufficient staff.
Where is their superiors to get rid of these two worthless individuals.

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Post ID: @3pigk+1avilU7a

@3odss

Do you mean “your”?

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Post ID: @3pjtr+1avilU7a

@3lryq

Forced rankings have had everything to do with displacements over the past 5 years.

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Post ID: @3pwry+1avilU7a

@3ofeo
LOL.......Ur comment just shows how delusional people are. Comparing this place to a battered spouse (physical or emotional) is ridiculous. I can't, i just can't help myself from falling over from laughter. People need to get a grip on reality......again, not saying its rainbows and sunshine because it certainly isn't but this is the exact reason why our country is divided in 2. If you aren't in the middle whoch there clearly aren'tenoughof us, you either want to be completely coddled and have your hand held, never to be told you have done anything wrong etc.. The other side wants to show no empathy at all and people can buzz off. People realize this is a job right??? THIS IS ONLY A DAMN JOB

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Post ID: @3odss+1avilU7a

@3oymy, apparently you aren't familiar with the 5 types of PTSD and how not all of them involve immediate life-threatening situations. Whatever you want to call it, the abuse the company inflicts on some employees is not much difference than the emotional abuse so many people suffer from their spouse.

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Post ID: @3ofeo+1avilU7a

Like the OP said, company is def not great to the employees but ptsd and what not from any desk job is absurd. Sounds like people are far too pampered if they are that distraught. Our vets that have risked their lives and such have real ptsd, and comparing us to them is ridiculous. BUT BNYM does treat us like cr-p, that undeniable.

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Post ID: @3oymy+1avilU7a

Pittsburgh was a hard working, mostly collegial bank with many talented people prior to the merger. In year 3 of the “merger” BNY put the hammer down and it was no merger at all, but an acquisition.

We learned a lot about dishonesty and NY politics very quickly. Lies about the bonus pool being cut. Lies about people and projects to deflect blame to the dumpster, Pittsburgh, and far too many more to list. Every year since it has gotten worse. Fear, distrust and false information reign.

People question the people here suffering from forms of PTSD. I can tell you that it is a sweatshop and it is very real.

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Post ID: @3obvc+1avilU7a

Its was just for comparison sake. There are plenty more jobs more stressful and dangerous (unless people consider carpal tunnel seriously dangerous....) than sitting in front of a damn computer every day at bnym. People need to toughen up, this country has turned into a bunch of pa----s when we are sitting here crying over an office job.

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Post ID: @3ovyl+1avilU7a

@3ncrd, cop and fire fighter doesn't even make the top 20 list of most dangerous occupations.

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Post ID: @3nlfv+1avilU7a

If this poster isn't exaggerating i think the people you encountered have much bigger issues to deal with than overworked at a desk job. Most people at bnym are overworked and the teams are understaffed. I agree the place doesn't foster a great work environment but come on now. We aren't cops getting shot at or fire fighters running into burning buildings. Yea it's stressful as fu-k but its still a damn desk job people. Snap out of it

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Post ID: @3ncrd+1avilU7a

Come on..physically shaking? Time to move on.

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Post ID: @3mnjo+1avilU7a

we're starting the 'list' once again in asset servicing tech for January

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Post ID: @3lyfe+1avilU7a

@3lcus, rankings haven't had anything to do with downsizing in the last 8 years.

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Post ID: @3lryq+1avilU7a

The next round of layoff is coming. The list is being built and it is specific to US and does not cover India. Again - there will no layoffs in India. The ratings have become granular and getting Exceed is extremely hard. All the lower ratings employees will be moved out.

All the employees are scared as they do not know if the axe is going to fall on them. Diversity is totally focussed on gender and racial diversity. So that means Asian and White men are very prone to get kicked out as the diversity goals need to be met. I am not sure if this is happening everywhere.

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Post ID: @3lcus+1avilU7a

I am the poster who mentioned getting in & getting out each day. I make 100k in pgh. I just can’t participate in the brown nosing, & fake “collaboration” & fake “team” building. So, I guess the next poster is correct - I will not move up the ladder any further.
Management pretends they care..... right up until time for raises & they deem you an FTE save.
Don’t tell me it’s raining on my head when your p****ng on me.

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Post ID: @6noh+1avilU7a

The Pittsburgh office is by far the most toxic office at the company. The OP couldn’t be more on point. It’s like night and day when you go to another BNY office in a different city, it’s almost as if they aren’t the same company.

I think it’s partly the fault of upper bank management in NYC for so ruthlessly cutting away the formerly prestigious roles there and basically just turning it into an operations and technology delivery center. Of course you’ll get a jaded and scared workforce when they’re totally cut off from the business end of the bank. All anyone in Pittsburgh knows about is tech development for some random app the bank uses, or how to do back office processing with no clue as to how it fits into the bank’s business model. Maybe the employees could figure a little of that knowledge out themselves, but mostly it’s impossible for them to learn if the bank doesn’t give the region any front office roles or attention.

Another poster mentioned that they’re just trying to talk to nobody at work so that they can get out of their miserable job as fast as possible with as little interaction with others. I get that some people are like that. And that type of attitude honestly can work well if you are happy to have an ops job where you’re just responsible to process your corporate actions, payments, etc. and go home. But what I noticed when I was based in the Pittsburgh office was that this type of antisocial, miserable behavior leached into many new hires, and the process would repeat itself. At least in business or finance, you’ll never get to a respectable salary or amount of responsibility if you just want to go in, talk to no one, and go home. But that’s everything I saw in Pittsburgh. Some were happy with that, it paid the bills for the most part and made work life less stressful. But for the few people lost in the cubicle sea who wanted more, it was impossible for them to be seen.

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Post ID: @5kiq+1avilU7a

The nurse practitioner in the Pittsburgh Health Center told me that people at BNY Mellon are so stressed out -- way more stressed out than the prisoners she had treated in her last job in the prison! The culture that has been created since the merger has really taken a toll on staff in Pittsburgh.

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Post ID: @5joj+1avilU7a

Man. The poster nailed this… that being said, I have no desire to interact with colleagues. Just let me do my job as efficiently as I can & be done for the day. I don’t need fake team building or virtual coffee chats that keep my work from being done & prolonging my miserable work day.

And the amount of unnecessary emails both corporate and departmental as well as training, much of which is not relevant to my job, rolled out this year is in sane......

Management is completely out of touch. Has been for awhile but getting worse each year.

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Post ID: @4cay+1avilU7a

@3pni, it depends on the division. My last division was a cesspool.

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Post ID: @4rcu+1avilU7a

So what did you do to help? It sounds like you have a sense of what will motivate people and elevate us. I work with folks from that region all of the time and see exactly the opposite of what you describe. Help life people up, to break them down further.

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Post ID: @3pni+1avilU7a

Spot on OP. I feel like you know me.

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Post ID: @udf+1avilU7a

You can thank the incompetent BNY Mellon Management Team and Board of Directors for all of this! They're responsible for this disaster! Incompetence! Absolute Incompetence! I give them a BE! All of them!

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Post ID: @idx+1avilU7a

@OP+1avilU7a – on a more positive note, I heard you saved 15% on your car insurance by switching to Geico

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Post ID: @yyc+1avilU7a

Bosses are frustrated. The kind of junk emails we receive from the Bosses is at times confusing even if it is an appreciation
email for a good job done these days. We know we all are at home and we are in a middle of Covid and some changing times. The Bosses are not used to live a life like this . They are tired and frustrated more than any other members of their team and it shows on their email .

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Post ID: @cdu+1avilU7a

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