I just cannot wait to tell my team they are getting 1% merits and minimal bonuses yet the earnings reports shows massive growth for the company. Ranking 25% of my staff below expectations, in a non growth everett location all my promos denied. Lovely to have to explain this to them soon at comp talks. Thanks RV making our job so great! But hey!!! We have Eliza !
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The market doesn’t seem very impressed with these results.
Gotta pay for that free coffee somehow!
They’ll raise minimum wage for all hourly employees again like they did last year but continue to lie to the people that have been working there for years and continue to get a measly $5 more on a paycheck. And after they give you that “raise” of $5, insurance will go up $10. Or HR will tell you about a company wide raise that’s supposed to happen in the spring if you were below a certain job grade and everyone was to be bumped to that level, then when you follow up about it to management they pretend like they don’t know what you’re talking about.
This place has changed so much since before Covid. We were told “we don’t foresee a time where we would ever have to come back to the office more than 3 days”.
Now we’re back to 4 and the people that were permanently WFH are being forced back in. It wouldn’t be so bad if we weren’t fed lie after lie. Just be up front with everything. It’s only a matter of time before that 4 days in the office turn into 5 days.
Stop lying to us RV. You’re working to push out the hardworking people who have their careers to this place. The people that helped make BNY Mellon what it was. You certainly wasted no time taking down the Mellon name once you took over.
What’s your next move? You’re getting rid of everyone. Half of the remaining employees are desperate to get out and the rest are all your pawns you have working in India who are taking all the jobs from everyone for less money and having AI do the rest.
There is massive growth when you're firing people left and right without severance.
What’s notable is a teeny tiny little item they don’t call out: Assets under management remained flat. Which means we aren’t growing the business just raising fees on clients.
You can be sure that the hornblowing around the rise of net interest income has within it the subtracted costs of liabilities which means those of us fired or laid off this year too.
Our stock dividend pays higher than our raises. Maybe we should get paid in BNYCoin?Uhhhh on second thought, lets not give Eliza any ideas. LOL.
@a3 they don’t post them for the employees. It’s all about looking good to inflate the stock (and their egos). They wish we never would even have access to see this info believe me.
How many gratuitous mentions of employee increases as the cause for 4% rise in expense?
These earning emails are so effing tone deaf.. why do they think we want to see this stuff when they turn around and give sh!++y merits like you mentioned