Thread regarding Bank of New York Mellon Corp. layoffs

Laid Off from BNY After 26 Years — No Warnings, Now Seeking Legal Help”

I was employed with Bank of New York Mellon (BNY) for approximately 26 years. Throughout my tenure, I remained in good standing with the company and maintained a consistent performance history..

During the first nine months of this year, I reported to a different manager than my current one. I completed both a beginning-of-year performance review and a mid-year performance review under this manager. In both reviews, my performance met expectations, and I was never advised of any performance concerns, deficiencies, or behavioral issues. I did not receive any verbal or written warnings, disciplinary notices, or improvement plans during that time.

My manager specifically told me that I met expectations and that he had spoken with colleagues with whom I worked directly. He stated that no negative feedback had been reported regarding my work or workplace behavior. At no time was I made aware of any issues that might jeopardize my employment. There was no documentation provided to me demonstrating poor performance or any other cause for termination.

Without prior notice, I was informed that my employment was being terminated. I was immediately instructed that I did not need to return to work for the remainder of December, and that all of my system and workplace access was removed at that same time. I was not provided with any explanation or supporting documentation demonstrating cause for termination or identifying any violations or performance concerns.

I was then told that I would receive a separation agreement by email and that I would need to sign this document in order to receive additional severance pay. Specifically, I was informed that if I signed the agreement — which includes a waiver of rights — I would receive an additional sixty (60) days of pay covering the months of January and February. I was told that if I did not sign the agreement and waive my rights, I would not receive this additional compensation.

At the time of termination, I had no pending disciplinary matters, no documented poor performance, and no warning of potential job loss. I was terminated abruptly after more than two decades of continuous service, without explanation, documentation, or an opportunity to address any alleged issues. I was effectively presented with a condition where I must waive my legal rights in order to receive severance compensation following an unexpected termination.

I am currently seeking legal representation from an employment attorney or firm that has experience representing former BNY Mellon employees or handling similar wrongful-termination and severance-rights cases involving large financial institutions. I am specifically looking for counsel who has previously dealt with situations involving long-tenured employees terminated without cause and asked to sign separation agreements to obtain severance pay.


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| 32733 views | | 71 replies (last 15 days ago) | Reply
Post ID: @OP+1kc2074dx

71 replies (most recent on top)

@d0h who do we have to ask for our personal/personnel file? They just did another round this Tuesday June 2nd. Terminated 30+ people without any warning. No performance issues or other concerns. Totally blindsided us. Was told HR made the decision to eliminate position. Ask how HR would’ve made the decision. Response was HR the decision. They/HR would’ve been told by manager or upper management who they wanted eliminated. Not like HR would spun a wheel or throw darts at a dartboard and say you gotta and you too. No, they were told by management or your manager that they’re selecting you.

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Post ID: @s3w+1kc2074dx

@OP same here, 28 years. Around same time. Not the BNY I started in, with great salaries, salary increases, promotions, now it's just a big talk about being a family, meanwhile throwing people out without warning and without severance and some made up reasons. They do not have money to pay severance meanwhile they have billions to do renovations, and let's not forget quadruple sum CEO got this year. Getting legal help, even separation papers came from 3rd party. I believe class action is on its way

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Post ID: @e0z+1kc2074dx

@OP if you didn’t sign their release that enables you to collect the additional couple months, contact attorney immediately. Reach out to 3 firms - hire someone who has successfully dealt with BNY. HKM as an example seems good. I went through same. I did not sign, pushed them via attorney, and they paid me for a year. The whole process took about 2 months. No court/ arbitration needed. They have no capable attorneys. I am sorry you and many others going through this.

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Post ID: @d93+1kc2074dx

They can fire you for just about any reason without notice. They likely just moved your job offshore. I think your only legal standing would be if you would be entitled to SUB pay for the decades you were here before they got rid of it.

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Post ID: @d37+1kc2074dx

Wow, just read through this thread, this is EXACTLY what happened to me. Manager sounded very scripted and just reread it when I questioned why I was told that my ‘position was terminated’ in mid December and would be paid 60 days beyond the end of the year, log off immediately after call. I requested and received my personnel file. I was never given a final review. It wasn’t until I got the offer package that I learned it was for the fudged performance rating. Doesn’t add up, the manager comments are praise and speaks of things to work towards for the coming year. It’s crazy how dirty and unethical this place is after we put our years of service in.

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Post ID: @d0h+1kc2074dx

BNY did not even want to release my performance reports, after I asked for them to show proof of bad or low performance.

Spoke with a few lawyers no one wanted to take the case against BNY.

Any recommendations, would be app as I have to sign the separation documents this week

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Post ID: @cyg+1kc2074dx

@5b6 cheated out of it and no performance documentation, great reviews my whole tenure

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Post ID: @9k7+1kc2074dx

@1a9 I had the same thing happen to me. Just sat and stared at my monitor like what did I do. I couldn't even hear what was being said. I just heard you are employed for 60 days and then benefits. Then I was told to give my personal email address and Home address Then they hung up. Very Rude. Not even done professionally over Teams. No Cameras on from the Managers Side. No one from HR was on the call either

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Post ID: @82n+1kc2074dx

@OP My sister was in the same situation and has obtained an employment attorney, 28 years, let go in Dec with the same script you got. she had just turned 60 and no progressive disciplinary or ever told she was not meeting expectations. BNY is doing something illegal to avoid severance, OWBPA and WARN

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Post ID: @82g+1kc2074dx

@OP Did you get a below expected rating, and what was your severance? Did you get 2 weeks for each year of service or they cheated oout of it?

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Post ID: @5b6+1kc2074dx

Christ, I'm glad I got let go when I did. 9 years full staff after 2 years as a contractor. I was 62 years old. I got 2 weeks for each of the 9 years. This was in 2022, after the pandemic - but also after 4+ years of "below expectations" ratings and dwindling bonuses. My last bonus was, I kid you not, $1250. I just laughed at my boss. I have to say that before that cr-p started, I was the lead PM for Pershing's biggest client aand had nothing but praise from bot my managers and from the client.

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Post ID: @1gc+1kc2074dx

These corporate raiders are the lowest of the low. Despicable low lives. This country is on a downward spiral, where greed and $ rules everything. How much money do you need.

I hope the revolution comes before my demise

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Post ID: @1as+1kc2074dx

@1a9 I got completely blanked out and shocked. I was unable to pay attention what he was talking afterwards. All I heard is 60 days and benefits. And he asked to provide email and contact number. I don’t know how to reach out to HR what happens to my 401k, shares?

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Post ID: @1ar+1kc2074dx

@19f
No, they send out an UPS package to ship my laptop. I am yet to receive the mail from them.

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Post ID: @1aq+1kc2074dx

@18k if you received below expectations which was a forced ratings if you had no issues then it was scripted and put on your direct mgr to deliver even though someone above probably altered your ratings to meet the 20% bs given. There were two options one which has you signing off immediately following the call and the other is work during the 30 day notice period as they call it. Hr will send a package you sign to be paid for 60 days and in jan added detail for last day. Mgmt chose the option to go with but this was 💯 forced with the trash who did it taken out of the responsibility for delivery. However, they have to tell you why you got that. Not just you didn’t meet. Literally how and if not contact hr and file a complaint

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Post ID: @1a9+1kc2074dx

@18k I'm sorry that happened to you. Did you receive severance?

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Post ID: @19f+1kc2074dx

I am a Senior Associate in BNY Pittsburgh and got laid off last week on dec11th. I also had good mid year review met expectations. My manager called and said my performance is not up to expectations and hence I will be terminated. I have to logoff and there is no need to come to office for next two weeks. He was reading some kind of script and did not even given me a chance to speak. My access is gone immediately.

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Post ID: @18k+1kc2074dx

sharing the LinkedIn post @14w mentioned

$103 million. That’s the verdict a jury just handed down against Liberty Mutual after finding the company guilty of age discrimination.

Here's what happened: In 2016, a Liberty Mutual employee who had been with the company for 31 years went on short-term disability to manage her high blood pressure, which she claimed had worsened because of a hostile work environment. When she returned to work, she was fired.

Key to the plaintiff's case was her argument that management used "minor" performance issues to push out long-tenured employees. She said she repeatedly complained that a new regional manager favored younger workers, gave heavier workloads to older adjusters, and tried to “get rid of” employees over 40, according to records.

The jury believed her.

However, her experience is one of the reasons many don’t pursue legal action when they face age discrimination. She spent almost a decade fighting for justice - that's a lot of time, energy, and resources without a guaranteed payout.

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Post ID: @14y+1kc2074dx

https://www.linkedin.com/posts/colleenmpaulson_ageism-agediscrimination-activity-7406317126262616065-CT7q

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Post ID: @14w+1kc2074dx

@11e I didn't negotiate any terms with BNY on my own. I went through a lawyer. However, I filed the EEOC claim on my own.

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Post ID: @14v+1kc2074dx

This was posted in another thread and covers both the legal angle and a method to share your story with the law reporter at Ignites.com:

A federal lawsuit has been filed with complaints similar to yours. See BUY sued:
https://www.thelayoff.com/t/1k8v9yj09

This thread also has some helpful information. See Fight Them: https://www.thelayoff.com/t/1kbk9pt5n

The latter thread provides contact information for the law reporter from Ignites who has written articles on the subject and would be eager to hear more stories similar to yours.

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Post ID: @14f+1kc2074dx

@wb When you said you did it on your own first then hired an attorney after, I assume that meant you tried to clarify and/or negotiate the terms with HR first but went nowhere? I am in the exact same situation as @rr and many others on this thread. I also was in shock to find out BNY was only giving me the minimum severance package (and also only after signing papers) vs the max 1 year I should be qualified for. Wondering if anyone here was able to come to agreeable terms with BNY and avoided the attorney route?

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Post ID: @11e+1kc2074dx

@rr I believe you can contact an attorney first and have them complete this process on your behalf, or you can do it on your own and hire an attorney later in the process. I did the latter.

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Post ID: @wb+1kc2074dx

Identical, word for word. 28 yrs, sacrificed countless hours away from family, working after hours and weekends. The last 3-5 yrs have slowly but very clearly gone down hill. Now with them betting people will settle without the severance they've been looking forward to, I'm left wondering, what was it all for? Apparently absolutely nothing. Smh.

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Post ID: @sk+1kc2074dx

Is this recommended in addition to contacting an attorney? Filing an incident with the EEOC

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Post ID: @rr+1kc2074dx

@rb here is the link

https://publicportal.eeoc.gov/Portal/Login.aspx

once there you select open an inquiry/case

After you complete the paperwork and submit, you will get a link a few days later asking you to schedule an interview (mine was on zoom). this part is a bit frustrating because when I clicked the link all the slots were filled and this happened repeatedly. Eventually someone from the EEOC reached out to schedule directly. The interview happened within 2 weeks of that date.

After the interview you can email additional documentation to support your case if you have anything.

The EEOC will then draft a charge of discrimination against BNY. They will send it to you to review and then ask if you want to proceed. Once they file this, BNY will be formally notified.

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Post ID: @rf+1kc2074dx

@q3 You should reach out to this attorney, he filed a lawsuit on behalf of another ex BNY employee earlier this month. He is based in DE, but is admitted to the bar in DE and PA.

gjunge@schmittrod.com

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Post ID: @rd+1kc2074dx

Can you elaborate on what you need to do with the EEOC please?

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Post ID: @rb+1kc2074dx

@nm for my claim there was a legal requirement to file with the EEOC in order to get a "right to sue" letter. The EEOC will investigate, and potentially try to resolve the dispute through mediation. When they get a lot of complaints about one company and see a pattern, they may consolidate cases and file a lawsuit against that company.

When I filed with the EEOC I thought it was just me, but after filing and talking to others I found out that other people in my department had filed similar complaints. Perhaps if enough people file against BNY it will help show a pattern.

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Post ID: @ra+1kc2074dx

@q3 here are a few, but you might want to consider some of the firms suggested earlier that are based in NYC. Sometimes they have people licensed in multiple states.

www.edgarsnyder.com
www.sanfordheisler.com
www.ramagelykos.com

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Post ID: @r8+1kc2074dx

My manager said he isnt ready to hold our reviews yet until later next week due to year end meetings. Meanwhile reviews were to be ready to start 12/8. The games continue until the bitter end of the year.

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Post ID: @qt+1kc2074dx

Laid off today after 29 years at yearly review. Offering minimal severance. Does someone have an attorney name in Pittsburgh?

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Post ID: @q3+1kc2074dx

@km what did the EEOC say about it, how did they help?

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Post ID: @nm+1kc2074dx

@m7
OK… I’m game. What happens to people who report these incidents? Do tell.

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Post ID: @me+1kc2074dx

You should see what happens to employees who report to the Incident Gateway & Ethics Point. Oh my!

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Post ID: @m7+1kc2074dx

I also went to the EEOC first

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Post ID: @km+1kc2074dx

@bj Pershing?

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Post ID: @jy+1kc2074dx

First stop is with EEOC, they helped me out a lot.

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Post ID: @fz+1kc2074dx

@e0
You actually went back for another year of BNY VD clap? Why? 35 years?? Did you not invest and save for retirement?

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Post ID: @f0+1kc2074dx

@ex don't want to inform of the recording, can get an admission it was forced and fradualent on a record

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Post ID: @ey+1kc2074dx

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