Thread regarding Bank of New York Mellon Corp. layoffs

A meeting of my group with the manager identified something interesting. If you were always fully remote (my division has a large percentage of people spread throughout the country - they have always been fully remote for decades) or were able to move away from the area and are outside of a range to commute to the office - then you are exempt from the new hybrid plan. No mention of those fully remote employees having to get into any BNY location.

I find it interesting that those the simply stayed put and are within a doable commute - we have to come back into the office. Luckily, that may be 5 - 10 days per quarter. THen again, that could change quickly.

I left BNY Mellon. I work with other 50 plus employees who left their jobs. Don't be afraid to leave.

Jeremy should stick to "inspiring" folks in the lower cost centers. People in non-cities might be impressed.. Might... He's anything but a New York leader

Not surprising communications is so terrible.

Most of their best comms people were run out of town (or saw the writing on the wall and got out of Dodge) and were replaced by much less smart/talented folks.

The EC in recent years has thought they know better about communications than their in-house experts. And they tend to go back and forth, as evidence by the cluster that RTO comms has been.

Hypocrisy: so you ask the overwhelming majority of hourly/low salary employees commute to office, but executive managers and higher salary grades are either classified “based at home,” or nobody really tracks if they go to office and how often. We need real data or stats in how many/who are fully remote and based at home and also data on how often executive managers and executive committee directors actually go to office, when they’re not “vacationing” on T&E from 1 global location to another!

JD talks a big game like many others at his level, but when it comes to answering why we are spending so much on tech yet we have a high headcount, he is nowhere to be seen. He is as clueless as they come, yet does a great job skirting any accountability.

They have a somewhat casual relationship to facts.

No doubt that the place is a mess. Communication has never been worse. HR has never been more non-communicative. Senior leaders have never had more contradictory statements. There has never been less direction, less strategy and less talent at the top.

We should actually invite and facilitate Northern Trust and/or State Street to acquire us. We would regain Mellon’s higher tier capabilities and products that were driven out of the Bank after the merger. One thing is clear… nothing is going to change for the better without change in strategy at the top.

"I’m only still here out of lack of motivation to look elsewhere as a 50ish year old beaten down by these corporate hacks."---same here!

It seems to come down to whoever your manager is. I see the groups next to us only coming in once a week or once every other week.

You are spot on. They are trying to justify paying for office space and receiving tax breaks in the cities they operate.
They are are slowly upping it from zero days in the office, to two days in the office, to three and before you know it will be back to five.
I’m constantly being nagged to come back in….. just a month ago I was a danger to the office as an unvax’d who they tried like h*ll to pressure to get vax’d, manager even alluding that I’d be fired if I didn’t get the vax.

Bottom line - this company is a terrible environment run by terrible greedy people. Terrible corporate policies propagated by lemming sheep in management

I’m only still here out of lack of motivation to look elsewhere as a 50ish year old beaten down by these corporate hacks.