I'm starting to lose hope that anybody is actually hiring.
Compensation - Disappointing Again
Raise and bonus disappointing again. It is a morale ki-ler considering that just yesterday the bank reported such strong earnings and the stock price. The kicker is that we now have less experienced staff and more work heaped upon us. Welcome to... — read more
INDIA TO STOP WORKING AT 12:30pm EST
With Pune announcing they will stop working at 11pm their time around 12:30pm EST, NYC teams are scrambling as the teams do NOT have appropriate staffing to perform the job or experience due to all the layoffs over the past years.
Endgame
As long as there are those around who remember what was, there will be people who will resist what will be. We are in the endgame folks, he means to wipe us all out and he’s got the stones to do it.
PIP then Layoff
Did this same scenario happen to anyone else? I was put on a performance plan for 30 days sept 24th with a list of things to get completed. I had arguments of course of what was written on it. All bullsh-t of course. Even still I did all the things... — read more
December Layoffs - Anything from HR
I was impacted by one of the BS pittsburgh layoffs on December 16th. I was told that I would remain an employee through end of December and would then receive an agreement from HR to sign in order to get an extra 60 days pay. As of 1/13, I still... — read more
Earnings “Watch party”
The tone deafness is staggering. Come one, come all, even though 1 in 4 of you are on borrowed time. But no worries, you can retire on your 10 shares of Burger King stock. Come and hear our overlords drone on about P-M, AI, the analysts who will be... — read more
BNY Ethics Hotline
Never knew this existed. I think it’s a great way to let them know about their layoff practices. https://www.bny.com/corporate/global/en/about-us/sustainability-report-strategy/contact-ethics.html
Sick days?(PSST)
My friend told me that sick day frequency went way down to almost non existence level. Is this true??
Goldman Sachs comparison
Take a look at the Goldman Sachs site on The Layoff. There is barely one post per month. Yet look at all of us over here at BNY… it really says something. I’ve heard they’re just as bad, but it’s something to think about.
Bonus 5% Mandatory Shares
For anyone not aware, it is mandatory that 5% of your bonus will be awarded in shares. Team members will only get told during their meeting. You get a minimum of 2 shares if you can't afford more. Can anyone explain how this is calculated? E.g. if... — read more
Eliza Robots
Nice to know BNY finds it necessary to spend $200,000 on two stupid robots that look at if they came from a vintage 1980s Sharper Image catalog. Two hundred grand and for what? To tell jokes? But let’s lay off staff. Robin Vince is a useless... — read more
Layoffs
Any layoffs today
More on capitalism and our system
It seems like there are some disagreements about my previous post on capitalism. Let me explain more, and you don’t have to agree with it — that’s totally fine. In the last post, some of you said there are many welfare abusers in this country. I... — read more
Merit roll outs this week
Heard they are withholding them from everyone not getting atleast an overall of meet’s expectations
Late stage capitalism
The U.S. feels like it’s entering the late stage of capitalism. The cost of living—housing, healthcare, and insurance—has gone through the roof. The government takes50% of your income before you even see your paycheck. Wages can’t keep up with... — read more
Reminder: being dedicated won't help you
It absolutely doesn't matter how hard you work, how much overtime you do, or how critical your role is. There's no rationale for selecting people for layoffs beyond immediate profits. I suspect people claiming 2026 will be worse than 2025 are right... — read more
Anybody else having a cr-ppy weekend?
I can't relax, I can't watch my favorite shows, I can't even play with my kids without getting agitated. We're supposed to be able to rest and recharge our batteries over the weekend, not worry about the layoffs all the time and whether we're about... — read more
More mass layoffs next week and beyond. This is only the beginning.
Hearing from several prominent people that Goldman Sachs is taking over and mass layoffs are slated for next week (not just this past Friday) and beyond. I am also hearing that our friends overseas (you know- the offshore people in Pune) are going to... — read more
Mass layoffs today
A ton of folks were fired today……all about the quota. We lost some really good people. As usual, the compliant cheap useless folks survive.
1/9 News for R&C?
Some announcements tomorrow or just lots of people getting their notices? Feels like something is going on at the exec level maybe Anyone know anything?
Eliza is trash
Eliza is trash and so called digital employee is just a lie!
Year end review
Has anyone not had their year end review yet?
India 1k people laid off
Have you heard about it anything at all?
After two decades here, I'm just praying for a layoff
What does it say about a company when an employee with nearly twenty years of service is actively hoping to be laid off? That's the situation I find myself in now. I've given this place my all for almost two decades, and the best outcome I can... — read more
I just dont care anymore
Moral is so bad and everyone is so miserable that i fight to log on and stay on daily. This has to be intentional by these mo--ns running this place into the ground. Holding out as long as possible because of the pay and the fact so many are... — read more
Tumult in America
America is at a breaking point and we all feel it. My heart goes out to my fellow employees living through these times, lord knows our employer isnt helping things. Pray for peace and less corporate headcount savings.
What's happening next week in Pittsburgh?
I keep hearing that some directors are coming to Pittsburgh for some announcements. I know of two manager directors that are coming from the UK and India. A couple of other managers coming from other US locations. Does anyone know whats going on?
Oriskany layoffs
Anyone heard about any upcoming oriskany layoffs? Thought everyone was supposed to be gone last year.
Recent severage packages
What are people getting in the latest rounds?
Counter Offer
As a people manager (UK) I have a low paid top performing team member, who is expected to be promoted next week, however her new salary increase looks miserable. If she gets offered a new job external for more money (which she can prob get easily)... — read more
Were you recently cut due to the RTO initiative without severance or bonus?
Has anyone had luck with attorneys to reclaim severance or bonus? If you're interested in speaking to a reporter, reach out to: sabrina.kharrazi@ft.com
Still waiting for severance?
Anyone else still not receive their severance offer? Was let go in early December and have still heard nothing. Really frustrating as I can’t stay unemployment until I know what I’m getting.
Who will hold the bag?
When investors realize this company was not reborn, but callously dismembered like Hannibal Lector victim leaving nothing but employee ill-will, it will be too late. Eliza is a solution seeking a problem, all gains falsely propped up through a... — read more
Eliza™’s Annual Review: Optimizing Everyone Except Herself
Eliza™—the AI mascot of workforce reduction—just completed her annual performance review, and the results are shocking to absolutely no one. Despite eliminating 400 jobs before lunch and auto‑generating three “We value our people” emails, she was... — read more
Dear Benefits team what a communication miss!
Sending out an email on Dec 22nd that requires action by Dec 31st that impacts your compensation is a communication miss that should result in your immediate termination.
My main reason for leaving BNY
I left the company not long ago, and it was completely my choice. The deciding factor for me was management. It wasn't just my direct manager, the problems with poor performance and a total lack of clear direction went up at least three levels above... — read more
Fresh Start. . . Renewed Optimism
Ever wonder what it feels like to work inside a corporation that’s shrinking, expanding, consolidating, offshoring, rebranding, cost‑optimizing, culture‑eroding, “thriving together,” recharging, refreshing, and “strategically transforming” all at... — read more
What is a global financial services platforms company?
Other than a lot of buzzwords, what the he-l does it actually mean?