They exist to transfer wealth from the weak to the strong -- within the boundaries of the law (a boundary often tested). They are myopic by nature, and concepts like "the common good" and "fair play" are viewed as quixotic notions at best. We do not... — read more 

“Our ongoing industry-wide investigation into Wall Street misconduct marches on,” said Sanjay Wadhwa, Senior Associate Director of the SEC’s New York Regional Office. “BNY Mellon is the seventh bank or broker being held accountable for improper... — read more 

Is lay off will going to continue tomorrow also in Pune office?

I was expecting an influx of newbies here, anyone let go in the US today?

Greed has increasingly become a virtue among Wall Street bankers and corporate CEOs in the United States. Nowhere else in the world do CEOs insist on receiving compensation as high compared to what their employees earn.

I don’t understand why you people are so surprised by the layoffs. They needed to do this years ago. BNY Mellon needs a severe culture change if they want to attract younger talent to work here to move this company forward if not they most likely... — read more 

Multiple comments say BNYM prepping for acquisition by JPM. Why? What is there that JPM would even want? I don’t see any benefits for them.

Maybe it’s just me but I can’t seem to get the whole picture of what number of employees are they trying to eliminate in reality. There doesn’t seem to be any pattern to this, so I Wonder what categories of employees are they aiming at, and what will... — read more 

Good luck to all of the ducks still sitting on the pond today/this week. I'm convinced that those days growing up playing dodgeball in gym class were meant to build a foundation for the feeling of situations like this. I got chopped so I'm just... — read more 

I've read that BNYM lays off people just to turn around and hire them again. I don't understand, what is the point of it? Pay out severance and then bring the person back on? Even if the people are brought back at lower pay, how is this a good... — read more 

It's happening in India. Looks like it's going to be done for 3 days.

Ok, so the SUB package is 2 weeks per year of service. UNLESS you are a certain job grade level then it is 1 month per year of service. Both are capped at a maximum of 52 weeks payout. The only thing I have not been able to validate is at what job... — read more 

It's the nature of a kite to devour little birds, so it is the nature of such persons BNYM managers to insult and tyrannize over little people. This being indeed the means which they use to recompense themselves their extreme servility and... — read more 

I havent been laid off yet but was told to start looking cause I probably wont make it next time. Also after decades of service I was rate does not meet expectations. NO warning or anything. Told they were forced to do this because I am in the least... — read more 

If you get a call to go to a conference room with your manager, bring your coat, purse and personal stuff with you! I already took home most of my personal stuff. I don’t want security touching my personal things. That’s my plan.... Even though this... — read more 

There was a rumor before the weekend that another round of layoffs will be taking place on Tuesday when I came in to work this morning everything was quiet. Does anyone have more info on this, Is Tuesday really the day? Also were there any cuts... — read more 

Hey pls. Someone update me is today is the day for layoff for indian BNY Mellon employee?

I was left swinging in my department. I had offshore colleagues who were rigid in their ownership of their specific jobs, unable to adapt, and wouldn't include me, wouldn't ask for help even if they needed it. My manager was logged in from morning... — read more 

This has not been a fun weekend for me. I keep wondering and worrying if there will be more layoffs next week, or the one after. I'm trying to figure out if there has been any official info on whether layoffs are done for now or if we can expect more... — read more 

Decades of complacency, safety, and ossification, acting like it's the 1960s and BNYM can just sit around, be the plumbing and custodians and collect fees. The grasshoppers fiddled all day, thinking all was well, as the world left them behind. The... — read more 

Those still employed should feel no guilt ghosting BNYM for a better opportunity when it comes along based on how the company is treating it's workers. Say goodbye by simply disappearing.

The upward management feedback survey will be coming soon. For those that remain, but were perhaps dropped from Exceeds rating to Meets Expectations, it's time to force rank your direct manager lower than you would have previously. It's anonymous... — read more 

Consolidate departments. Eliminate redundancies. Staff people with the competencies to implement your plan. Eliminate obstacles, the incompetent, and naysayers. Recover resources. Sell excess for capital. Eliminate waste and overhead. Improve... — read more 

I think a lot of people are confused by the semantics of the new merit reviews. The words are the same, but the definitions changed. You have 5 people. Only 4 can meet expectations. 1 will fall below, and get voted off the island. The choice, Mr... — read more 

Once you've signed to take the SUB package deal, you have absolutely no recourse legally. If in doubt, talk with a lawyer to review the language in the SUB package BEFORE signing. It will cost you approximately $200 for the lawyer to review and... — read more 

Ethics and morality have no place at BNY Mellon. It's all about exploiting employees, finding loopholes in the law, smoke-and-mirrors record keeping, etc. They have admitted to fraud on numerous occasions, and once accepted a fine of 970 million... — read more 

People keep using SUB and OP...Please define the acronyms and any others used on this board. Thanks

Many people are talking about the company ending SUB by the end of the year but I don’t understand the benefit of doing this. The cost is recouped within a year and it doesn’t seem worth the bad PR they would cop. Plus, the documents signed to accept... — read more 

Work for Global Tax area. Hearing a lot about moving work to outside vendors to streamline processes. Basically means Outsourcing work , then layoffs. The only way this company can improve the balance sheet is to eliminate positions. This was the... — read more 

I was one of those who got the dreaded "BE". I could choose to be a victim, blame the system, my manager, the world....(where does it stop?). The fact is I got it, and the moment I feel like a 'victim', I become helpless. I choose to work harder... — read more 

A lot of people got fired and it will continue the next weeks and months. No proper assessment has been made for the lay off. It was just a hasty selfish decision driven by egocentric managers for their own short term profits. Most of the senior... — read more 

It is starting back up in Pittsburgh Tuesday, after MLK holiday, according to specific conference rooms blocked by HR from 7am-6pm Tues-Fri.

BNY Mellon is just going to get smaller and smaller. They will see temporary benefits from layoffs and pitting people against each other. But that will pass, and they will be left with the reality that they simply don't know how to make their IT... — read more 

Anyone in the Dallas document custody office been effected by these layoffs? I work in Pittsburgh document custody and was told not to worry. I have been down the layoff too many times and know what look for.

Why does it feel like I'm in the hunger games when I look at my coworkers now with these recent cuts and the whole new "rank and yank" system? May the odds forever be in MY favor!

Today the stock market as a whole had a good day. BK has been down over the last few months, today it's up around $52.90 which is +. I wonder if towards the middle/end of next week after more layoffs come, if this will have any impact on share price... — read more 

How many folks laid off directly solicited client business or created new product? Was wondering if this round of layoffs only hit overhead or were also aimed at improving development and revenue generation efficiency too.

Regardless of what you are asked to sign, I’m sure laid off employees could sue if there is good cause. It seems that the war on working from home disproportionally affects female working mothers. The people being let go also seem to be older (and... — read more 

"Construction people were seen installing signs that read "Work Sets You Free" at multiple BNY Mellon offices this week. Rumors of employees standing in lines, being directed 'left' or 'right' based on age, salary level, or 'perceived value' (or... — read more 

Who Moved My Cheese? is a 1998 self-help novel by Spencer Johnson. An allegory for dealing with motivation in the business world, it outlines different changes that happen in an individual’s personal and work lives. It frames these narratives of... — read more