I didn’t have a meeting with my manager regarding my bonus or merit increase, and I was wondering if anyone knows when the deadline is for those discussions. Will a compensation statement still be released if there was no bonus or merit increase? I... — read more
Pune/Chennai - How does the 4 days working together rules actually work?
How does the HR calculation work? Is it considered only 4 days every week or can we do all 16 days together and get 4 days WFH in last week ? How does it work in other locations ?
Pay is a joke
Found out that I am being paid less than another person on my team that is lower in title and has a lot less experience than me. Pay based on experience and salary bands are a joke
Can BNY disclose reasons for termination to new employer (also a bank)
Hi, all. I was wondering if BNY discloses reasons for termination to a new employer (also a bank) during the background check. I was told that legally previous employer can only share / verify dates of employment and title. But is there a possibility... — read more
Delivery Practice
Seems like another way to combine and cut eventually
Goldman sachs ex employees taking over
The bank is in for a rude awakening cause these clowns all jumped shipped to come to bny and are pushing the GS agenda here. If you haven’t noticed they are bringing in their pals to fill reqs, pushing texas where GS is as the main site and are about... — read more
"Meets" Expectatoins, but No Merit.
Anyone else get this? Review was good. I usually get the standard 2% ish. This year, "overridden" by upper management (whomever that is), down to zero percent. No PIP or anything. Just no raise.
Best places to seek employment
Im way out of my comfort zone since ive been at this sh-t hole too long. Anyone have suggestions on decent places to consider? Ive heard going through some sites like linkedin arent really reliable
Cash bonus down - but got stock
What is this bs where they lowered our cash bonus but gave a few shares of stock I can’t sell for three years? What a joke.
Handed in my notice today
Just turned in my resignation. I'll really miss the team, all of them are great people. This company itself is a completely different story, though. For anyone else feeling stuck, there are better options out there if you are persistent in looking... — read more
Does anyone believe their division head has pushed for higher raises for the staff?
Does anyone believe their division head pushed RV and the executive committee to provide higher raises this year? No need to name the division head, just name the division. It will be interesting to see if anyone believes their division head pushed... — read more
If someone is removed from the address book (e-mail), they are gone for good- right?
We had a guy all of a sudden “leave” our group. We all think he was either fired or laid off but our boss says he will be out “X amount of weeks.” No one believe him. I have been with the bank over 20 years and never heard of someone removed from the... — read more
Anyone with meets some get merit?
I know plenty who received no merit because of that forced rating
Mandatory 10 percent PIP
My manager told me directly today that the entire company is forcing managers to give employees low ratings. Time to leave, guys. They’re trying to get rid of everyone in the U.S. Leave this sh*thole, and for anyone considering coming here—please... — read more
BNY Swag Box
Don’t forget to spend your measly little paycheck that doesn’t keep up with inflation on the all NEW BNY (no mellon) Swag vending machine located on floor 3 of Ross Street in PGH. Branded merchandise, whenever you need it :) I hope whoever came up... — read more
So many rejection emails
I'm starting to lose hope that anybody is actually hiring.
Compensation - Disappointing Again
Raise and bonus disappointing again. It is a morale ki-ler considering that just yesterday the bank reported such strong earnings and the stock price. The kicker is that we now have less experienced staff and more work heaped upon us. Welcome to... — read more
INDIA TO STOP WORKING AT 12:30pm EST
With Pune announcing they will stop working at 11pm their time around 12:30pm EST, NYC teams are scrambling as the teams do NOT have appropriate staffing to perform the job or experience due to all the layoffs over the past years.
Endgame
As long as there are those around who remember what was, there will be people who will resist what will be. We are in the endgame folks, he means to wipe us all out and he’s got the stones to do it.
PIP then Layoff
Did this same scenario happen to anyone else? I was put on a performance plan for 30 days sept 24th with a list of things to get completed. I had arguments of course of what was written on it. All bullsh-t of course. Even still I did all the things... — read more
December Layoffs - Anything from HR
I was impacted by one of the BS pittsburgh layoffs on December 16th. I was told that I would remain an employee through end of December and would then receive an agreement from HR to sign in order to get an extra 60 days pay. As of 1/13, I still... — read more
Earnings “Watch party”
The tone deafness is staggering. Come one, come all, even though 1 in 4 of you are on borrowed time. But no worries, you can retire on your 10 shares of Burger King stock. Come and hear our overlords drone on about P-M, AI, the analysts who will be... — read more
BNY Ethics Hotline
Never knew this existed. I think it’s a great way to let them know about their layoff practices. https://www.bny.com/corporate/global/en/about-us/sustainability-report-strategy/contact-ethics.html
Sick days?(PSST)
My friend told me that sick day frequency went way down to almost non existence level. Is this true??
Goldman Sachs comparison
Take a look at the Goldman Sachs site on The Layoff. There is barely one post per month. Yet look at all of us over here at BNY… it really says something. I’ve heard they’re just as bad, but it’s something to think about.
Bonus 5% Mandatory Shares
For anyone not aware, it is mandatory that 5% of your bonus will be awarded in shares. Team members will only get told during their meeting. You get a minimum of 2 shares if you can't afford more. Can anyone explain how this is calculated? E.g. if... — read more
Eliza Robots
Nice to know BNY finds it necessary to spend $200,000 on two stupid robots that look at if they came from a vintage 1980s Sharper Image catalog. Two hundred grand and for what? To tell jokes? But let’s lay off staff. Robin Vince is a useless... — read more
Layoffs
Any layoffs today
More on capitalism and our system
It seems like there are some disagreements about my previous post on capitalism. Let me explain more, and you don’t have to agree with it — that’s totally fine. In the last post, some of you said there are many welfare abusers in this country. I... — read more
Merit roll outs this week
Heard they are withholding them from everyone not getting atleast an overall of meet’s expectations
Late stage capitalism
The U.S. feels like it’s entering the late stage of capitalism. The cost of living—housing, healthcare, and insurance—has gone through the roof. The government takes50% of your income before you even see your paycheck. Wages can’t keep up with... — read more
Reminder: being dedicated won't help you
It absolutely doesn't matter how hard you work, how much overtime you do, or how critical your role is. There's no rationale for selecting people for layoffs beyond immediate profits. I suspect people claiming 2026 will be worse than 2025 are right... — read more
Anybody else having a cr-ppy weekend?
I can't relax, I can't watch my favorite shows, I can't even play with my kids without getting agitated. We're supposed to be able to rest and recharge our batteries over the weekend, not worry about the layoffs all the time and whether we're about... — read more
More mass layoffs next week and beyond. This is only the beginning.
Hearing from several prominent people that Goldman Sachs is taking over and mass layoffs are slated for next week (not just this past Friday) and beyond. I am also hearing that our friends overseas (you know- the offshore people in Pune) are going to... — read more
Mass layoffs today
A ton of folks were fired today……all about the quota. We lost some really good people. As usual, the compliant cheap useless folks survive.
1/9 News for R&C?
Some announcements tomorrow or just lots of people getting their notices? Feels like something is going on at the exec level maybe Anyone know anything?
Eliza is trash
Eliza is trash and so called digital employee is just a lie!
Year end review
Has anyone not had their year end review yet?
India 1k people laid off
Have you heard about it anything at all?