After 19 years at Bny I was laid off today. I know some other people were let go too. It’s a said feeling as I had so many great co-workers. On the other side I’m happy that I no longer need to be a part of daily circus called Bny Mellon. Good luck... — read more 

So far the Board is able to influence only the bottom line ground level staff but I believe real change would take place only when they are able to influence the top line and the middle level management which I do not see happening so far . I have... — read more 

Most of the employees have not received bonuses , or have receieved peanuts . Most of the employees will quit once bonus is credited to them by end of Feb. Massive exodus of people going to leave by March, will make scharfs job easier ! There is... — read more 

Well yeah you are hired at will, but if you treat your employees like c-ap and make them feel disposeable their not likely to care much about their work. Like Richard Branson says "take care of your employees and they'll take care of your business"... — read more 

I have never felt so unappreciated at job. First the lay offs and now no working from home. It almost seems like they are trying to make things as miserable as possible. But they still except us to give so much. Funny. Other companies I've worked for... — read more 

What do we have to do to bring in a union. We need a union to protect the rights of the workers. They need to stop treating us like trash and tossing us out after they’ve used and abused us.

It’s coming. The greatest crash ever. We’re just 1200 points from all time highs in the stock market, economy is great and yet they have no money to keep you or give you a fair raise/bonus. Once we surpass the all time high in the stock market... — read more 

BNYM has reached an all time low. It's bad enough that they cut staff thru their forced ranking process. Next they take away Work From Home. Then when it's compensation time, they stiff their employees. I had to tell my group that the money wasn't... — read more 

Of course I’m being sarcastic and maybe oversimplifying but I don’t see anything changing other than the fact that our workload doubled. At the same time the same ill practices that got us where we are now are still being done.

Any truth they scheduled a bunch of people to WFH on Wednesday to stress test the VPN? Way to rub salt in the wound guys...

Confirmed. The goal is to close the Everett office and Scharf is trying to get the company acquired

Could BNYM be broken up and sold in 2 pieces to make more palatable for regulatory approval?

hmmm ... since I have more time on my hands these days having been put out to pasture, I noticed this. Seems like a lot of insider sales, very few buys. See this link, click on 'insiders'... — read more 

King Charles has **** up employee morale big time .. how about king Charles taking a big pay cut from his big fat salary , bonus and stock options rather than cutting jobs and not giving people who actually work their due ! By far the most horrible... — read more 

The department I'm in performs layoffs in January. Now, in February the department is touting a reorganization whereby several employees are being 'promoted' to management to report to the managing director. These employees most definitely don't... — read more 

Round 2 in Pittsburgh next week. Those of you who think you are safe need to wake up.... Is this true? Where did this info come from?

Off the top of my head: Legacy Mellon pension BNYM cash balance plan Full 6% match on 401K Health benefits have gone down every year, pushing HSA currently Work from home Reduced severance package BlackBerry/work phones Promotions only take affect... — read more 

Doesn’t matter where you work, you’re all going to be washed away in a tsunami of collapsing financial companies. Enjoy the first half of 2019.

Among other things, I see employees not commenting on a colleague's errors, since they aren't responsible -- and 'an error for them nudges me up on the job security scale'. This is one of the negative outcomes of the current atmosphere.

I'm glad they fired me. Now I have 3 offers paying better than BNY. I never would have had the guts to move out on BNY on my own. I was way too comfortable. I hope it works out good for others as well.

I’m embarassed to say I work there. These people are the scum of the earth. I wouldn’t wish my worst enemy a career at BNY. Literally every bank is better than us, and now with the WFH being axed; what’s the point.

Any thoughts on the new Id rollout in NY today? That was stopped mid stream? Wondering why some people mysteriously did not have new badges. Just typical lack of organization from so many internal floor changes? Bumped from another post - originally... — read more 

We told them we weren't going to like open offices, they did it anyway, and now they're upset because no one wants to come in so they're punishing everyone. There's management for you... — read more 

What are your thoughts about the rumor: Bank of New York to Be Acquired by Goldman. Possible?

Does anyone know if the same groups may be affected??

Westborough , MA location continues to be hit with layoffs. I heard Pittsburgh is getting hit as well. The safest jobin the Westborough office is the call center. People post out after doing a year in call center, and end up being laid off a few... — read more 

Charles Scharf has made BNYM a terrible place. The work from home option was a huge selling point to many people. BNYM will lose much of its top talent if they eliminate WFH. His priority is automation and cutting the work force as much as possible... — read more 

And it is usually morality that is compromised. BNY Mellon's behavior, and that of many corporations, demonstrate this again and again.

A few threads allude to contacting the board of directors about the current state of affairs. I think it is a good idea, probably a waste of time, but you never know. Question ... how does one actually contact them? Is there some mailing or email... — read more 

Layoffs are immoral. To deprive someone of a wage not because he is failing to earn it or because you can no longer afford to pay it but because you have decided that you would prefer not to pay him is robbery. The fact that it has been a widely... — read more 

Thoughts? The rumor's been around for a while.

Because the atmosphere is cancerous. I mean no disrespect to cancer patients/survivors/friends/family, but this is the new nickname for BNY. When your employees name your company in such a fashion, shouldn't it raise a red flag or two? Shouldn't... — read more 

Our coworkers have been laid off and nothing has changed, except, of course, that we have more work to now that our group is smaller. Other than that, business as usual, not even a hint of any change. Got to wonder why were those people laid off if... — read more 

My coworker is on a friendly basis with Charles (their kids go to school together) and told me that Charles is looking to cut one third of the workforce by end of year.

Greenfield will fail. It’s already proving to be a disaster. Almost 2 years in role and she has accomplished nothing yet still all she can talk about it her predecessor. What changes has she made other than to replace her management team with all of... — read more 

There are people unhappy at many firms with some of the too big to fail banks feeling similar pains. The following was lifted from the Sam's Club Page.. So, before taking a new job do your homework. Read the 10 signs that your working in a toxic... — read more 

In my group, instead of getting rid of managers that really don't have work to do but go for a whole afternoon for lunch all the time, my senior manager re-structured all people into a horizontal line so all BAs will become Product Owners. All... — read more 

Why do people keep posting the same question over and over again? Not liking the answer doesn’t change it. Layoffs are NOT over. There are more coming the week after next. Does this mean that areas hit hard will get hit again? No. But not every area... — read more 

More layoffs to come?