#employeerelations

After todays announcement, it's sure 100% layoffs are happening, do you know what will be the severance, if they will do mass layoffs do you think they will increase severance?

Is it over?

One of my teammates complained a few days ago how it seemed our manager was acting weird and avoiding her for the past couple of weeks. Today, she was laid off. Could he have known so far ahead?

Any folks experienced the process of being impacted while on vacation? How would you know?

Looks like it'll be a long day for some of us. Our team is so far not affected but we also didn't get an all clear, so I'm not sure if I should celebrate or if there's still a chance some of us will get notified. I really wish this whole process was made clearer from the start.

Alright guys I’ll give y’all a real post. I was an SM in wealth and got laid off today. I know you guys like to hate on SM’s but seems like a lot of us got hit. Meeting was put on my calendar super early this morning as a 1-1 without any context. Been here for 10+ years and for severance I got 6 months, prorated bonus, PTO paid to cash, and shares cashed. My manager was visibly shaken up and was like a robot reading off a script just emotionless and monotone which was very unusual. Was told to take the rest of the day off and don’t bother coming into the office through the end of the month which is my last day.

It su-ks but I was already interviewing elsewhere which I’m stoked about the severance and all the payouts.

For those affected, just know you are not alone and this is just how “at will employment” works. I hope you all bounce back quick and enjoy a little time off to recoup. Or at best find another job and enjoy the dual income.

Has anyone that signed up for the VRIF heard anything yet? I’m curious as to how many people actually signed up and how many will be IRIF’d on the 14th.

I don’t get why there are so many trolls here. Why would someone in their right mind share their name, supervisor, or personal information just to prove whether something is real or not? Why risk jeopardizing their severance or employment situation just to satisfy random people online?

To the trolls, please stop. People’s lives are being impacted here. If these reports are true and people are seriously being affected, I genuinely wish you all the best. No one wants to lose their job.

In Benefitfocus subsidiary, people were told they are being laid off effective June 15. They are being told this news less than a month after a previous layoff took effect on April 15 and work moved to Voya India and to Philippines.

Rumors here in the tower is that the layoffs have begun. Seen couple folks packing up and being escorted out by security.

Believe it or not, for those that are impacted today, coming to this site and sharing the news is not a priority. They are going through an emotional roller coaster, need to inform their families, etc. so just because people aren’t posting here, doesn’t mean it’s not happening.

Got laid off.

trend is, people are hating AI because of the impact it has on the environment all to cut some corners and not pay people... meanwhile companies are SHOVING THAT SLOP down our throats. STOP. AI is inaccurate, it hallucinates. You claim to be making lots of money yet axing tons of talented people just to push AI. this will fail and blow up in your face.

One of the most difficult things about layoff days is hoping its one of your team members and not you. Some of us like the people on our team and wanting one of them to be impacted instead of yourself is a special kind of he-l. It feels selfish and awful but you know it will be so much worse if you are the one to get the call. Then you have survivors guilt.

Wasn't just rumors for the group I'm in. Teams is full of people sharing what time their calendar invite that just came in is for with HR + some leader. Everyone promising to give each other recommendations if needed, posting personal emails and phone numbers just in case, etc.

Don't know the count yet. Waiting to see if/what time my meeting will be. Bad vibes for sure.

The rumors weren't wrong for everyone.

I saw tons of writing on the wall the past two weeks that made me think I'm going, but the post from someone saying they made the whole thing up has me second guessing myself now.

If you're impacted, please let us know. And if you're trolling, this is people's livelihood. Please, not today...

It’s likely a small percentage being impacted. There’ll be a lot of rumors and hearsay on here.
Hopefully it’s just been a lot of bad rumors.

do guidelines on responsibilities handled by each gsr even mean anything? ive been gsr 7 for four years and my responsibility, scope, and importance of work dramatically increased but im still gr7 all the same. Exceeded on all reviews with the exception of met on my second year.

is this my direct management holding their cards close to their chest or is Ford not a place that cares about fairly compensating employees for workload

Hearing that there is another round of layoffs happening today?

Anyone know anything?

There was a manager in my group who was about to get fired because of how toxic she was. But then had a minor injury and just kept playing up for almost a full year.

If she is let go, that would be the best kind of karma.

Any dates heard yet?

So when do you think they will really ramp it up to get people to leave or do you think vtp? Its got to be happening some way

Not talking about some C-Suiter who sent out an email about their new chapter in life, but someone you actually worked with or "adjacent" to (or at least in your building). I have over 10 years with VZ and can only name 2 people. Plus one more who took VSP at the time they were about to retire anyway, so make it 3 people who actually retired. What does that say about VZ?

to all my fellow VTeamers, ever notice and wonder how some of those in their current roles got their jobs?

I smell DEI.

When recently getting told I would likely be laid off later this year, I conveyed to my manager that I was smiling and happy. They told me the last time they had to give that speech the person was elated as well.

Speaks volumes about the work culture Charlie Scharf has created.

Just talked to some people in Wealth FIG chapter. They are L5 and above. They got the news today. They are randomly announcing it.

My manager is visibly silent, the mood in rest of the group seems better though.

He seems more quiet, non participating in discussions.

Anyone else confirm with their manager?

To Fidelity only, but are you all aware all the professionals in many huge multibillion dollar companies their employees are as pi---d off as we are for FT RTO?!. They have all stirred the hornets nest! No one is happy, if they successfully did their wfh massively productive employees have proven they can be trusted to wfh and be flexible with coming into an office. It just shows we are completely off their radar for loyalty or respect or for their MASSIVE PROFITS they’ve enjoyed. Maybe just maybe there’ll be infinitesimally small reductions in productivity by naturally being back in a distracting office and I hope they see an overall decline because of RTO. Nothing evil or malicious just a natural decline because being in a busy noisy office lends itself to more distractions. Be careful the powers that be you may be cutting off your nose to spite your face. WFH was a long planned situation and it worked fabulously well and they’re still unhappy with the workforce . Give the professional adults in your office the due respect they deserve. Allow flexibility.

Sorry but to me it feels like this emergency test is also to make sure we have a personal email so when they lay us off they can just send the documents or communication there. I went in and there is no way to remove it. Maybe I’m extremely paranoid but hey that would be this organizations fault to begin with.

I've heard there will be 1% layoffs with most groups exempt

Anyone hear any different ?

Anyone know if there are layoffs coming ?

I think most people know by now tomorrow is the day, with a few people in denial. This was a quota game, leaders were told to eliminate x number of people for many teams as the only consideration.

This isn’t the end either. There will be more rounds this year. If as a business, they decide we need to do cuts, fine. But they continue to cut talent and drag out morale instead of doing it all at once. We are all being told to take on more for no extra pay and use AI which constantly makes mistakes. The only reward is MAYBE keeping your job. Talk about transparency and doing the right thing… yet let’s keep making employees live in fear.

With gas prices rising at an astronomical rate, I've heard rumors that T is considering lowering the in-office average for the summer months to 2 days a week. Obviously this would be amazing for all of the employees who are suffering with increased cost of living across the board. Is there any truth to this?

BNY’s green‑sock LinkedIn stunt wasn’t tone‑deaf — it was a victory lap. A soft‑focus “look at my humanity” performance from our illustrious CEO while employees report stealth layoffs, collapsing teams, and RTO engineered as a slow‑motion purge. It’s financial‑literacy cosplay from executives whose biggest budgeting challenge is deciding which trust to park their bonus in.

And the benefits list? Employees on this forum have already torn it apart with receipts.

Matching newborn savings
A $1,000 match is meaningless when people are afraid to have children because reorgs hit harder than parental leave. Posters repeatedly note that job security is so fragile that planning a family feels reckless.

Down‑payment assistance
Employees point out that RTO forces them into higher‑cost commutes while raises trail inflation for the fifth straight year. Many can’t qualify for mortgages because BNY’s pay bands — widely discussed on the forum — are below market and frozen in amber.

$0 healthcare for those under $75K
This isn’t generosity; it’s a confession. Thousands of full‑time employees at a global bank earn under $75K. Forum posts consistently highlight that this tier is where burnout is highest, turnover is intentional, and workloads balloon after “efficiency” cuts.

401(k) student loan match
A rounding error. Employees repeatedly describe doing the work of two or three people after headcount reductions. A token match doesn’t compensate for systemic understaffing.

So yes — associates are right to question the CEO’s sock‑based empathy tour. When leadership posts costume‑level symbolism while employees describe exhaustion, fear, and constant headcount erosion, the message is clear and unmistakable:

The socks are green.
The spin is polished.
The workforce is disposable.
#LifeatBNY

Because the other one got bumped down pretty far.

Centralized space for updates as they are released this week.

Firsthand information only
Include OU and location
No political content
Maintain a respectful and constructive tone - this is stressful for all

I got terminated from my job after 7 years. It wasn’t easy to accept especially knowing I was one of the top earners on my team. Last year my performance slipped, and looking back, I could feel something was off. I started to realize I was being pushed out.

But here’s the thing sometimes what feels like a setback is actually a reset.

At the start of this year, I shifted my focus fully into the stock market. I had been learning and investing for almost 6 years, but never gave it 100%. Now I am and I genuinely love it. For the first time, I feel like I’m building something for myself, not just working for someone else.

I’m also starting to move into rental properties, creating another path for income and independence. I don’t know exactly where this road will lead, but I know I’m no longer standing still.

I’m sharing this because conversations like these helped me prepare mentally. If you still have a job, stay sharp and keep growing. If you feel like something isn’t right at work, don’t ignore it prepare yourself. Build skills, save money, create options.

Don’t wait until you’re forced to move -move before that.

Sometimes you don’t realize your strength until you’re pushed into the unknown.

Good luck to everyone on their journey.

If your account was temporarily locked out early this week confirming your pending surplus, what is your current plan? What are you going to be doing different now?