Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

The wrong approach to layoffs

Instead of laying off good, hardworking people, why doesn't BNY Mellon finally start getting rid of managers whose lousy work is rewarded with huge salaries? How many excellent employees, whose talent and knowledge this place desperately needs... — read more 

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| 74884 views | | 12 replies (last November 7, 2022)
Post ID: @OP+1iPcNA7Z

Remember, you are in charge of your life

You should always be looking for a new job. Whether you are planning to quit or not and whether you are worried about layoffs or not. That's how you remain the master of your own destiny. If you are simply waiting for layoffs and not being proactive... — read more 

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| 74379 views | | 7 replies (last November 7, 2022)
Post ID: @OP+1iPvSb6j

Our benefits lack greatly compared to peer companies

BofA gave cost of living increases to everyone making under 100k in June. They are rolling out a sabbatical program allowing employees at 15, 20, 25, 30, 35 and 40 year milestones to take a sabbatical of 5 weeks + (duration depending upon seniority)... — read more 

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| 74128 views | | 6 replies (last September 22, 2022)
Post ID: @OP+1iNzA0Wt

Layoffs today

Hearing of multiple layoffs today. Can anyone confirm and where?

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| 74755 views | | 13 replies (last October 15, 2022)
Post ID: @OP+1iN216Sf

Good Luck this week

People say there will be no layoffs, but there will be just as there was in August. This is a known week. It may not seem like much across a firm of our size, but they will happen. I hope you get what you have wanted, whether that be continued... — read more 

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| 74948 views | | 16 replies (last October 20, 2022)
Post ID: @OP+1iNMRimZ

Sub package

Can someone please confirm that it is still two weeks for every year an employee has worked here? Or is there now a cutoff date? I was trying to find the thread that discussed this but was unable to locate it. I am getting worried and just want... — read more 

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| 74158 views | | 6 replies (last September 24, 2022)
Post ID: @OP+1iNvaJIz

I'm happy to work extra for extra pay

Am I the only one who's tired of wearing too many hats but only getting paid for one? I'm not married, so I have no issues with working 50 or 60-hour weeks. I'm more than happy to work on weekends as well - but as long as you pay me properly!... — read more 

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| 72367 views | | 14 replies (last October 17, 2022)
Post ID: @OP+1iLIYkxp

All those managers

Of course, there are good managers who do their job well, but the problem is that there are too many who are completely useless. Does BNY Mellon need this many managers? I think that they are not needed, but perhaps someone thinks differently? On... — read more 

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| 72655 views | | 13 replies (last November 13, 2022)
Post ID: @OP+1iKFtnVH

Elon Musk is trying to colonize Mars...

...while BNY Mellon is struggling to reduce the thousands of faxes they STILL send every day via automation. Now which company looks more interesting to an ambitious, bright young person? Where is the exciting vision of the future? What, they are... — read more 

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| 71000 views | | no replies yet
Post ID: @OP+1iJJUE6d

Chief Technology Officer says Layoffs likely

This was confirmed by multiple sources. The layoffs will affect AM and AS broadly and deeply. This round will mainly be management. Another rumor around this is a change to business model where lower level people will be given more leeway to make... — read more 

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| 73180 views | | 8 replies (last October 20, 2022)
Post ID: @OP+1iJy4VVg

Workplace pizza Wednesdays!

Yes. This made my commute in & paying 4/gal for gas, money to park & waste 2 hours commuting to be on teams meetings with my door shut with India colleagues worth it! Pass me another slice of pepperoni

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| 65093 views | | 10 replies (last September 15, 2022)
Post ID: @OP+1iInagQl

Salary increases due to inflation

Some companies are starting to increase employees salaries to soften the blow of Biden's inflation hike. Will BNY follow suit?

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| 65028 views | | 6 replies (last September 27, 2022)
Post ID: @OP+1iIyAJEN

RTO

What happens if someone refuses to return to the office? Anyone had this situation?

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| 65214 views | | 12 replies (last September 22, 2022)
Post ID: @OP+1iIZSMos

Why so much resistance towards working in the office?

Interestingly, some who first resented having to work from home, now resent having to work in the office. How is it that before the pandemic no one objected to doing their work in the office and now suddenly many are objecting to it?

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| 65972 views | | 20 replies (last September 15, 2022)
Post ID: @OP+1iGlKrJL

Question about references

I've been actively looking for a new job but I'm worried that any serious offer might end up in them contacting my manager for references and then I'm screwed. He's the main reason why I'm leaving. He's been making my life a living he-l since I... — read more 

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| 67419 views | | 7 replies (last September 11, 2022)
Post ID: @OP+1iEcEgzw

Managers attending RTO training

Hearing that managers are attending training to help get their team back to The office for required days if hybrid! Also hearing that it’s a hot button issues of senior management and that report tracking is based on swipes onto floor where your... — read more 

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| 69058 views | | 16 replies (last September 15, 2022)
Post ID: @OP+1iD99tZb

GCM Layoffs?

I’ve been hearing that GCM will be hit. Does anyone know when?

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| 63792 views | | 10 replies (last September 13, 2022)
Post ID: @OP+1iBUiY4U

Corporate Jets

Does the company still own a couple corporate jets?

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| 64640 views | | 7 replies (last September 10, 2022)
Post ID: @OP+1izJhFFe

Internships

The new interns have a starting salary of 150K. They have no experience and no proven work record but given this high salary. Which id--t on the 15th floor at 240G signed off on this? These salaries will throw off the budgets of many LOBs, probably... — read more 

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| 65894 views | | 12 replies (last September 19, 2022)
Post ID: @OP+1ixZxF0l

Global Client Management?

What is this group??? I came across some old pay bands where some of the directors are making anywhere from 500k up to 7 figures. How does one get into this group??? What do they do? Is this sales?? Are they hiring in Pittsburgh?

Reasons to Quit Your Job

You get no joy from your job. A toxic work culture. There is no room for career growth. You want greater work-life balance. Your salary is too low. You have had a life change. You are relocating. You want to change careers. The company... — read more 

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| 60837 views | | 4 replies (last September 4, 2022)
Post ID: @OP+1ivuWCps

It’s not a learning organization

That’s the #1 reason I’m accepting an offer from another company this week BNy sits you in front of decades-old technology and punt to Pluralsight — where you half learn interesting skills that you won’t get to use in your job. It Just isn’t a good... — read more 

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| 55296 views | | 3 replies (last September 1, 2022)
Post ID: @OP+1itR6tql

Major layoffs coming

The bank isn’t doing well. They are going to force people out. Get ready for a similar culture during chucks time…

I still love my job here

Reading some of these posts here, one could say that morale is so low that no one cares to keep their job here anymore. The environment is very stressful, but it's hard to find a job anywhere that isn't stressful. I'm not here to defend BNY Mellon... — read more 

BNY stinks

Can anyone here come up with one positive in regards to BNY? PROS: monopoly on federally subsidized custody game (everyone else left) CONS: Layoffs, stagnant stock price, corporate cronyism, overpaid executives, outdated technology, nepotism... — read more 

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| 51079 views | | 6 replies (last August 30, 2022)
Post ID: @OP+1in8ejBe

Old technology

Maybe it's expensive, difficult and risky, but I personally think it's necessary... Isn't it high time for BNY Mellon to invest a bit more into our technology?

Forced retirement for 55+

Has anyone heard of over 55 being asked to retire to save comp monies? I heard the budget is a disaster so trying to make up on high earners.

7 years in Banking IT (BI)

I am getting an offer to take a job in a Fortune 500 IT shop for a large food company. After 7 years in Banking do I make a move? The money is is the same, the role is very similar. I just think I've accumulated a lot of functional knowledge that... — read more 

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| 46081 views | | 8 replies (last September 6, 2022)
Post ID: @OP+1imopHF5

Treasure Services

Does anyone feel that leadership in Treasury Services is lacking? What has JW ever accomplished? We have been in the dark on the servicing side ever since she took the helm. Formalized training and documentation is non-existent, yet she promotes MF... — read more 

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