Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

LOCK STOCK AND BARREL - BONUS HAS ARRIVED

FINALLY , the bonus day has arrived.. the one glimmer of hope in all this doom. does the motivation now drop to a new low ? Current employees will be looking to run out of this company - - - take the money and RUN !!!

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| 673 views | | 1 reply (March 1, 2019)
Post ID: @OP+XQ4lJ2j

Did anyone’s bonus fall from last year?

Late to the game here as people had comp discussions a while ago, but whose bonus shrank from last year, or they didn’t get one when they had in prior years? (Or am I the last person who still works here?)

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| 1400 views | | 8 replies (last March 2, 2019)
Post ID: @OP+XPA76tp

Can we ever undo the damage?

This was once a great bank, but the management has managed to completely ruin anything that was once good about it. I'm starting to think that no matter what happens now - even if we get all new leadership that actually has both the bank's and... — read more 

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| 1839 views | | 9 replies (last March 2, 2019)
Post ID: @OP+XPrfYNc

Who will want to work at BNYM after this?

Sad to say that that’s the case but BNYM has been a dinosaur company with outdated business practices, a practically the only thing that motivated people to apply at BNYM (and stay) was the sense of security. Now that that went down the toilet, good... — read more 

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| 1200 views | | 6 replies (last February 28, 2019)
Post ID: @OP+XPCTaO7

Sell half’s of company

Over past several months as we all know several Chase implants are here. Those businesses go to chase rest to Goldman

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| 680 views | | 2 replies (last February 28, 2019)
Post ID: @OP+XPvNvV3

How small does BNYM have to get?

As these layoffs continue this situation looks to me more and more like running the company to the ground then like an organized and strategic reduction of workforce. I mean, we were a dinosaur company as it is, and it’s clear, even to a college grad... — read more 

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| 1262 views | | 2 replies (last February 27, 2019)
Post ID: @OP+XNczzPj

So much uncertainty

So much uncertainty at BNYM lately. So much stress, so much frustration... Working here has started affecting my mental health - I can't properly relax even on weekends. Anything seems better than this, and yet I'm still too scared to just quit. As... — read more 

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| 1310 views | | 3 replies (last February 26, 2019)
Post ID: @OP+XNI7WxH

BNY Mellon is Straight Trash

This place is finished. What an embarrassment. You’d think it was 2008 the way this company pays and treats its employees. Scharf is a cancer

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| 1005 views | | 3 replies (last February 26, 2019)
Post ID: @OP+XNwXYd1

Always in the dark

Good management is honest with employees. BNY Mellon purposely leaves us in the dark about what’s really happening. Don't ignore signals about this. There is no antibiotic for the Scharf virus spreading within our company. That will dictate what you... — read more 

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| 1460 views | | 4 replies (last February 26, 2019)
Post ID: @OP+XNGecfM

SUB 'scam' in place of severance

One of the 'benefits' of the SUB scheme instead of 'true' severance is that you save social security, and you can concurrently collect unemployment. Believe me, they're not doing this out of the goodness of their hearts. They do this so BNYM saves on... — read more 

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| 1570 views | | 4 replies (last February 27, 2019)
Post ID: @OP+XM98DYI

Sinking ship...

...tossing people overboard to try and stay afloat. Even Charlie might agree, although this is not the way he would present it to shareholders.

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| 1390 views | | 8 replies (last February 28, 2019)
Post ID: @OP+XMAJOzd

What is an independent Contributor?

Some Managers/ supervisors in our office have been rebranded as “Independent Contributors”. Their people have been taken away and they will now continue doing their job, but not manage people anymore. Is this happening elsewhere and is this a sign... — read more 

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| 1610 views | | 5 replies (last March 5, 2019)
Post ID: @OP+XMLV08T

I was very happy here, until I wasn’t...

Ok, so I survived the latest layoff. What next? I had a successful career where I was happily productive, but due to the new organizational rules, I am now in a role for which I am untrained and unqualified. I may fail and be laid off (with... — read more 

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| 1910 views | | 11 replies (last February 26, 2019)
Post ID: @OP+XLNR663

JP Morgan

Rumor of BNY Mellon being bought out by JP Morgan Chase.

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| 1870 views | | 7 replies (last March 27, 2019)
Post ID: @OP+XKqwn26

Is it even possible to lay off more people?

Of course, this is a rhetorical question. It’s always a possibility with this leadership, but if more people get cut and nothing happens like new hirings, allocation of work etc… we seriously won’t be able to operate with this headcount, at least at... — read more 

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| 1033 views | | 3 replies (last February 22, 2019)
Post ID: @OP+XKU5Wdc

Invested !

What kind Clients would invest in a Company whose employees are not happy.

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| 1100 views | | 7 replies (last February 26, 2019)
Post ID: @OP+XKlYPg0

a penthouse for layoffs

With the new lay-offs he can buy a better penthouse and doesn't fail anymore: https://nypost.com/2018/09/10/bank-of-new-york-mellon-ceo-sues-over-18-5m-penthouse-deal/

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| 800 views | | 2 replies (last March 21, 2019)
Post ID: @OP+XKL7TNY

To all those whining about people upset regarding WFH

It's more than just what you see inside your bubble. It's not just people who are lazy and dont feel like coming in or want to spend time with their dog or whatever. Two examples of people I know: Employee who for years has worked from home on... — read more 

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| 1800 views | | 7 replies (last February 23, 2019)
Post ID: @OP+XJvJ8GF

How do other companies feel about former BNYM employees?

Would anyone care to share their experiences when applying at other companies, primarily banks, of course? Does working at BNYM considered a good thing or not. In other words, is that a plus or a minus on our CV? Does the competition consider us a... — read more 

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| 1700 views | | 9 replies (last March 18, 2019)
Post ID: @OP+XJjJhXR

Greatest day of my career

I was let go from BNYM on the 19th. I see alot of comments in which it appears that people are sad and anxious about what's next. I personally am ecstatic..I have never seen or experienced such a toxic environment. My manager was a toxic, tacky, and... — read more 

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| 2220 views | | 7 replies (last March 5, 2019)
Post ID: @OP+XJOhKGW

Are people able to find new positions?

It would be nice to know how people who have been laid off in the past several months are doing on finding new jobs. I know one of my former coworkers is still searching after nearly half a year, so it would be reassuring if people know others who... — read more 

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| 1330 views | | 5 replies (last February 25, 2019)
Post ID: @OP+XJMzxK3

To what extent was the Pittsburgh office hit today?

More happening in Pittsburgh today, seems like front office is getting hit. Does anyone know if they changed the severance? Have heard rumors it was changing to only 6 weeks, can anyone confirm that? First of all, is this true? If it is, does anyone... — read more 

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| 1940 views | | 4 replies (last February 20, 2019)
Post ID: @OP+XINi3jG

Did the layoffs continue today?

I see nobody posting anything. Does that mean we are safe for the time being? At my location, folks were cut yesterday but today it was business as usual. Even the conference room wasn’t booked, so I suppose we won’t be seeing any today. Any info?

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| 900 views | | 4 replies (last February 23, 2019)
Post ID: @OP+XImjzre

More cuts expected today?

Usually layoffs at BNYM last at least two days, which is why I'm worried that there'll be more today. However, so far it's been quiet - even if it's still really early. Any ideas on what we can expect today? And on a more general note, when can we... — read more 

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| 1372 views | | 2 replies (last February 20, 2019)
Post ID: @OP+XIdqh9w

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