Thread regarding Bank of New York Mellon Corp. layoffs

Loyalty works both ways. BNYM hasn’t been loyal to employees since 2008 when they destroyed Mellon Bank in year 3.

This thread hit pretty close to home. During my 10+ years here, I eventually found a role in BNYM that I could really embrace and not a day went by where I didn't learn something new or create a slight process improvement. I genuinely enjoyed the work and didn't mind working extra from time to time to try a new proof of concept. Management was very supportive of me and while I was generally underpaid, I did usually get a greater share of bonus and merit increases.

All of that went away last year when they hired a new senior leader right on top of all of us. She really destroyed everything the team had built and worked towards and then added knuckleheads that ultimately didn't do much work. No matter what I could do, my ideas were always ignored, trashed, or worse. Sometimes I'd be singled out on team calls or she would gaslight me in private. The irony is that the two knuckleheads she brought in built a bunch of tools I already built and passed it off as their own products, albeit inferior.

Now I'm happier at a new firm where my pay check is much higher and I feel less stressed. Not every day is perfect, but for the most part, I made the right move leaving BNYM. I'm still a bit bitter about how things played out during my last year at BNYM because of the disrespect and belittling I experienced despite how much effort I put in, but maybe this was a sign to get out. When she joined, I just had that bad feeling about things so in early 2022, I really focused on modernizing my resume.

I still keep in contact with many former colleagues because I honestly want to see how things play out. She created a massive dumpster fire that will affect many teams and it's getting worse because more people from my old team are leaving. Eventually no one will be able to do the work - because whoever is left doesn't even have certain system accesses!

@sfg

I agree that years after you leave your job you will never shake the anger at putting up with being unappreciated. On the other hand, after a year and a half or so after leaving the nightmares really do become increasingly rare and milder. But you still do get a real doozie every now and then but that’s the way it is with PTSD.

Very well said. I, too, enjoyed so many wonderful friendships while at BNYM, and also had a lot of opportunities to make important contributions (even if they were messing with my comp… not alone there). I wish everyone there all the best… and a good manager, because that’s all the difference.

Quick story. I had someone who worked for me. Relatively junior role but really solid. Eager as heck and willing to take on anything. A joy to work with. Pulled all-nighters rather than push back on clients. Like that.

Shortly after I left, they let this dedicated employee go, telling them that the work they did just didn’t matter. Who says that to a person who has embraced their role with such passion and energy? Near the end, I saw a lot of that around me. Just grinding glass into people’s hands when there were more humane paths available. Maybe just my part of the company.

Remember this: loyalty is earned. If you’re at BNYM and feel it’s working well for you, good for you. But otherwise, don’t give more than you get.

I can tell you, years after you leave your job you will never shake the anger at putting up with being unappreciated or take advantage of for years of your life.

Bare minimum Mondays-Fridays. Thank God for iPhones and social media :)