Thread regarding Bank of New York Mellon Corp. layoffs

Advise to all - Learn and Study - that is all you can do

Use your time to learn and get education. You have over 10k per year in Tuition reimbursement. Start using them the day you are eligible. Hope for the best and prepare for the worst.


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| 21001 views | | 7 replies (last November 11) | Reply
Post ID: @OP+1k9d78s79

7 replies (most recent on top)

Good advice. When the AI bubble bursts, survivors will need to re-skill. I wonder how quick we’ll adapt when the music stops.

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Post ID: @xp+1k9d78s79

What courses do you suggest?

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Post ID: @qw+1k9d78s79

Don't have to be put on a PIP to not qualify. If you get rated below expectations in a review you aren't eligible. And you have to pay back any reimbursement received in prior 12 months if you leave, whether voluntary or not.

And yes, it comes out of team's budget and may be denied if there's no budget.

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Post ID: @kt+1k9d78s79

@a7 this applies only when you voluntarily resign

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Post ID: @ba+1k9d78s79

I asked day one and they told me it came out of the teams budget

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Post ID: @at+1k9d78s79

Correct. If they put you on a PIP and go you'll be on the hook.

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Post ID: @a8+1k9d78s79

This is very good advice. You also need to be employed for 12 months after your last reimbursement or face paying back the firm. I don’t think that applies if your role is eliminated…and I do think that applies if you are fired.

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Post ID: @a7+1k9d78s79

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