Thread regarding Bank of New York Mellon Corp. layoffs

SUB vs severance

Does anyone know if certain levels receive severance rather than SUB? Curious to know if Directors or MDs are treated differently.

(C-suite is a different story)

Thanks.

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| 5273 views | | 4 replies (last January 18, 2024) | Reply
Post ID: @OP+1qCuZq4L

4 replies (most recent on top)

I was a director let go 2 years ago. I got SUB.

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Post ID: @1zih+1qCuZq4L

There are minimums and the higher one is in the company, the greater the minimum.

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Post ID: @uch+1qCuZq4L

Directors get SUB.

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Post ID: @obr+1qCuZq4L

MDs get severance but treated the same as SUB. It ends upon getting a new job.

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Post ID: @mql+1qCuZq4L

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