Would BNY negotiate to delay paying out severance lump sum to the following year to avoid hurting the employee tax situation?
If you make $150k and get RIF in December, now you make $300k and taxes go from 25k to 70k. Crazy and messed up.
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Wait to sign until the very last minute. If late enough in the year, the payout won’t be until January. See post about being over 40.
@ca+1jn7c8w35
****As a firm, the HR department operates like an emotionless machine. Neither Robin nor any of the C-suite executives know you personally or harbor any grudges against you. Please don't take it personally. If they did, they would have handled your situation differently.
Simply put, we are just numbers to them****
Hey CA, know what that is? It’s the definition of a psychopath. And Psychopath’s have no business running a global company. You also fail to remember that these people lie and pretend to care about ‘their people’. They are scared of retribution over mental anguish and the pain they cause. Which means they are very aware of what they are doing to us. So CA, you are dimestore Psychologist who is more blind than a potato with 100 eyes. These people know all too well that they are harming families and making up lies to hurt people’s careers with fake ratings and phony PIPs.
ca+1jn7c8w35
So wrong, they are not paying severance even to people who are not on a PIP and had good performance reviews. The severance policy published is a fraud and has no weight legally.
How does robin justify it, machine is purposely
rigged for them to continue to line their own pockets
I posted in this in the wrong chat but it belongs here ..
As a firm, the HR department operates like an emotionless machine. Neither Robin nor any of the C-suite executives know you personally or harbor any grudges against you. Please don't take it personally. If they did, they would have handled your situation differently.
Simply put, we are just numbers to them. I don't believe you are significant enough for them to set up a conference call just to "sc--w you over." From their perspective, they have to pay you, and whether you pay taxes or abscond to North Korea is not their concern.
I understand that as employees, we might feel like the world revolves around us. However, in reality, the world doesn't even care.
It hurts, but that's the truth.
That is a nicer problem to have than being let go with PIP.
@av+1jn7c8w35- your only mistake is working in Banking
Executives in the financial industry have no morals, and are essentially all fraudsters.
No need to worry they will lay you off 3Q before the 401k payout deadline months before December so they will save having to match your 401k deposits for the year
The reality is as they continue to methodically reduce headcount their primary focus is to terminate employees with cause; thus denying any separation package. They’ve completed the noncompliance with RTO and are currently targeting BAH folks while also peppering in termination of good, tenured employees who have given blood, sweat, tears, heart and soul to these legacy banking firms.
We all have heard the horrendous stories of firings and think it could never “happen to me”. I was one of those and I now find myself right in the midst of the axe hanging over my head on a Performance Warning Development Plan whereby I can and I highly suspect I will be terminated with cause.
I believe in karma and Robin and his minions and those who carry out these heinous orders will reap what they sow.
SHAMEFUL.
Oh, you can be sure Robin and HR are just all broken up over this possibility.
That's a long way out. I'd be worried about Q225 if I were in your shoes. Thinking too far ahead silly