Overheard someone saying managers are being force to give 25% of bad ratings (below meets expectations).
Have you anyone heard anything like this? Seems to high
24 replies (most recent on top)
Yes, they again rebranded the ratings so Partially Meets is now Achieved Some
Expectations. And Below, who cares what they call it. But a total of 25% have to be in the lower two categories. As was the case last year, anyone in the lower two categories automatically receive a PIP. There’s no getting out of if since it’s pushed directly in Oracle. Gives them 25% to choose from to whom they do not have to pay severance. That’s the real reason.
So lets say they rate 15% of 50,000 employees below expectations, and these employees will be slated to be laid off. That means there are 7500 employees on the chopping block in the next few months? And that's only at 15%!!
@eh Lake Mary, Florida is not a safe haven either!
What this means is you are still subject to being laid off under the following conditions: you are local to Florida; you are asked to move because your work is transferring to Florida or your office location is closing and your only option is to find a new position in Florda.
Your layoff risk is also significantly increased if you are: long tenured, over 50, or making good coin relative to your position's targeted salary mid-point.
You can be assured that HR will flag your name for the next round of layoffs.
You will almost certainly be sent packing just (like the ABC Bachelor/Bachelorette show) without fanfare, celebration or thanks... just gone with the wind! Poof.
saw it with my own eyes.
Something like 15 percent below or didn't meet some, something like that. 10 percent did not meet... it might be 20 percent and 5 percent.. I can't remember... sometimes you can save a below but they lose a chunk of bonus and maybe their merit increase... why would someone stay after being sc--wed like that... did not meet is probably out the door.
You can also have some exceeds, mostly to get people promoted or better raises, but they are very limited, especially given they are forcing ratings to match this so-called curve.
I heard one manager or more refused.. they are probably goners too.
@dg as a manager, I had no say. My mgrs mgr advised we didnt meet for our group and took it upon himself to start lowering people to hit it. How tf is this legal cause we know below folks will be terminated
@b0 they don't care about deeming any place lost cost. They literally keep closing true low cost areas and forcing staff home then complaining they are wfh and laying them off. Absolutely bullsh-t to be honest. They think these growth locations are key due to colleges because apparently to them only the 3 growth locations have them so graduates will save the day. Meanwhile the candidates in those areas are not great and demand more money than VPs with tenure. Its a joke
Unbelievable, suddenly 1 in 4 employees are not performing…think they must be betting big on AI and productivity gain, it is time and again proved that forced ranking is very bad for employee morale and the good ones are the first to leave,this is a race to bottom..can’t wait to leave this place !
If you come in that 25%, start looking now. They will put you on a bogus pip, and kick you out by February. This is one of shittiest companies I have worked for. Backstabbing and politics is very common, complimented by spineless managers.
It’s not about cost. FL is about meeting DEI numbers.
The most important point to take from all of this is that more than likely someday YOU will be sc--wed by BNY. You’re kidding yourself if you think you are safe. Get the he-l out.
This crazy policy will favor the empire builder-managers who have persisted with bad guys for too long. The smaller teams will be extremely disadvantaged. In some pockets like Risk, the problem is very lopsided with some very large pointless teams where the bad apples have flourished - for too long.
These forced rankings destroy the culture.
If you are a good manager — and they do exist — being forced to essentially mark one or more employees for elimination when, in many cases, they are stronger performers than those on other teams, is hideously bad policy.
So crazy. How much is actually getting done by AI? Practically nothing right now. Just a bunch of bogus edits that don’t work right and make no sense.
This is very true. In a Director and have to give 20% below expectations. I was told 10% out the door at year end.
Absolutely true. 25% to be rated below expectations, put on PIP and out the door by Feb.
It's the BNYWay.
Those 2 dirtbags will get theirs one day, and so will all the puppet mangers who have no ba--s to do what's right. SHAME ON YOU BNY. SHAME ON HUMAN RESOURCES FOR NOT PLAYING A BETTER ROLE FOR EMPLOYEES. COMPANY HAS GONE TO CR-P
I know in D&A that 15-20% of staff will be let go in January.
Senior Management has a goal to reduce Boston headcount by 40% and replaced by AI and lower wage replacements in growth centers by 2027.
Never relocate for this company unless it’s a move you want to make regardless of what company you work for. BNY will have no problem uprooting you, and laying you off 6 months later.
@ac
You know what is off the charts absurd?
The hiring market in FL is every bit as expensive and more than it is in Mass or NY.
There is no way BNY will ‘save’ money or be able to say FL is a low cost place. There are java script techs in Miami making more than managers at BNY in NYC.
Same in NY had to give 25% below
This is true im a manager in Mass and I had to give almost 28% for year end. I was also told the lay offs here will be offset with mass hiring in Florida. They are begging people here to move down there as we don't have a big presence there yet. We have maybe 4 low level people down there and they are opening manager level requisition in 2026 in Florida.
@OP Call it what it is .... Battle Royale!!
I want to give my entire team does not meets and poor rating explanations. Every one of them. And I want a bad rating too. Might as well have Eliza play ‘spin the bottle’ and let it pick. There is no rationalizing or trying to legitimize this trash any longer.
This is true. The reason is to suppress raises keeping them at 2-3%. Meanwhile the carrot will be dangled that if you go "Above and Beyond" you'll get that sweet 5% for working 55-60 hour weeks.
Heard the same
Eliza usage metrics to be used to lower people’s ratings