I’d like to know the logic upper mgmt and the executive committee has about letting go of good tenured staff for bullsh-t reasons such as wfh status they caused while thinking the company will benefit greatly from staff and mgrs who cant do sh-t and dont know sh-t? The level of stupidity up top is embarrassing. The company has gone down jill drastically since Robin stepped in. No way people outside this company dont know this
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I’ve recently noticed a disturbing trend n BNYM. It seems that many of our lesser employees are falling prey to the Fisher Investments pitch.
Fisher Investments is far too risky and they will swing for the fences. When you meet they will pressure you to swing for the fences. That is not investing. It’s gambling.
Educate yourself by reading articles about Fisher. Google “Fisher Investments horror stories. Don’t fall for the “we are fiduciaries stuff. Every Financial planner is a fiduciary. Learn how to manage your wealth. If you need help put all of your money into the S&P 500 and a good bond fund.
Fisher ie run like a gambling operation. Google them.
I’m sorry, but your post makes no sense whatsoever. Work on legibility.
I work in Pittsburgh. My former department was a consistent daily dumpster fire. Our manager was eventually ushered into a new position away from this department with “encouragement” from leadership.
This individual recently helped to launch the BNY swag kiosk in Pittsburgh. Not a bad trade-off. Instead of overseeing a department with daily compliance issues; caused by inexperience and poor communication; managing a staff that would disappear throughout the day and hiding in an office with earphones on pretending to be in Team meetings.
They had enough consolidated failure that leadership needed to replace them only to go on and launch the BNY swag counter.
Hahahaha. BNY is not a real firm.
When I worked in this department, a team lead brought me a document and said, “This is for Amundi.” I looked at the doc and responded, “I don’t see ‘Amundi’ mentioned on this doc.” The team lead point to the word “McAlister” and said, “Right here is ‘Amundi’.” I clarified, “This says ‘McAlister.’” I then asked, “Are you telling me ‘McAlister’ has an account with ‘Amundi’?’’ Team lead did not respond. So, I said that I would look into it and claimed responsibility. This episode gave me more insight into why we were failing as a department.
@jp oh i know . Im part of management and the sh-t coming down from the top is disgusting. I have never seen them so bold and not even care who knows they are altering your performance. There is an audit trail for those of you who dont know. As a direct manager who sees this, i save everything, and make sure I tell staff exactly who adjusted them and without cause. They need a massive lawsuit against them
Simple answer: the headcount is still too big so any employee leaving helps improve the company's metrics.
And, unless you are a unicorn employee bringing in millions of $ in revenue, then no one cares about how good you are at your current job.
And do not blame rank-and-file managers as they have no control of those changes - cost cutting and headcount reduction mandate comes from the very top.
The toxicity and confusion across my team is staggering. Four months into the role and I’m already planning my exit - there is nothing to learn here.
@fz you remind of those teachers in school that blamed their lack of skill on the quality of their students
Wow, some of the comments after OP are interesting. Probably coming from BNY PR. Can’t possibly be from anyone who has worked there for a while. Let’s be real - BNY is a completely unethical company at the moment. I’m all for slackers being terminated. That happens all the time but is the exception. The norm is they are systemically purging longer term employees in favor of ex or existing Goldman Sachs staff or recent college graduates. Fake performance ratings, attempting to not pay severance, etc etc. This won’t go on forever but won’t end soon. I wish anyone still working there and everyone who has been wronged by them the best.
@av staff isnt to blame so RV can take his a-s back to the UK where he belongs. All the trash up top over the years are to blame for not giving proper equipment or qualified staff and bringing in india who cant do sh-t is to blame
RV himself in a town hall in 2025 said that any of us that have been here for more than 5 years are to blame for the poor position BNY is in. So clearly, when that tone is set from the top, there will be more actions coming. It has nothing to do with new employees costing less than “lifetime” employees because trust me, we are not being paid market rate. I let someone go in 2024 and her replacement was paid nearly 2X. And I have found this for me in my own search.
@ad wtf are you talking about? Bny has been stealing from employees for how long? Lets talk about the stock sh-t we are forced to invest in with bonuses and having to wait until eoy for those deposits. Lets talk about false ratings and stealing merit and peoples jobs all together. Sybau
@ab yeah well maybe if our employer didnt su-k that wouldnt happen . Run along now loser
All RV and the EC care about is the stock market, NOT the employees!
The ignorance and arrogance of senior leaders at BNY is a text book case in what has happened to this country.