Per news article from Ignites, BNY cut 3400 staff in the past 12 months and paid out $250 in severance. Also mentioned in the article that approximately 50% of staff are now based outside the US; before Robin this was 40%.

How long do you think you have before being cut?

The title explains all, let's put salary band information into this thread.

Pretty sure BNY is violating that one. 25 people or more from a location requires them to notify 30 days in advance of layoffs or they get fined. I know of atleast 15 just yesterday and there were more releases monday and Tuesday as well. All out of... — read more 

So is there a way for promotion if your manager has not nominated you? Considering your manager is only at VP level and is like your HR manager only. Can someone from the top or anyone else push your promotion if not direct manager?

Has anyone gotten in trouble for using too much in office exemption time - Whether that is weather related, or for the adhoc flexibility option. Specifically referring to upper management less direct management.

Hi All, Does anyone have experience with a medical exception that can change their working arrangement? Are they lenient on the conditions that may qualify for this? What is the process? What was the end result? Was documentation needed? Did you... — read more 

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.

At BNY, leadership isn’t something you do—it’s something you post about. In this gilded age of corporate theater, where substance is optional but hashtags are mandatory, BNY has perfected the art of appearing important while doing absolutely nothing... — read more 

Received my get out of jail card this week and I'm over the top delighted. Over the last 10 years, this place has become so toxic, it's sickening. Pay for performance is a joke. Senior managers, who don't know the staff or what they do, are... — read more 

In orgs that reward visibility over results, advancement goes to the safest pick, not the strongest performer… the chosen few keep things calm, nod along, and soothe the people above them… Real competence can unsettle because it exposes gaps and... — read more 

Quick question: Did all of the forced piped former BNY employees receive a "not eligible for rehire" tag on their employment file?

Since HR is basically worthless, anybody know for sure if you can work during the separation period? There's conflicting info in the paperwork I received. I know you couldn't during the SUB pay days, but I thought that changed when it switched to the... — read more 

Most of the Sr staff are replaceable, they actually do not implement or solve any of the work place challenges, but they like to report on other people work. You spend more time explaining what you have done so that they can repost if the work. If... — read more 

Is 6 hours in the office still relevant?

Thank you BNY for rewarding your employees again this year, we are happy to take the hit so the shareholders can profit...we are all shareholders after all

It’s curious how benefit solutions keeps calling this a vital benefit but meanwhile, they probably wish most of us gone or d.ead. And the cost of this stuff just went up 6%. That’s nearly 4 times more than the rate my salary went up. Benefits are... — read more 

FInance undergoing major upheaval targeting 25 % and being achieved via force rankings to avoid severance payments. How is this legal? Nevermind unethical but Dermie doesn't really care. People are getting fed up and just leaving too. Shame on the... — read more 

If you are impacted by layoffs this week, remember it has little to do with your own performance. If you are retiring now, best of luck in your next chapter. If you are starting a search for a new role, wishing you the best of luck. Invest time in... — read more 

So I was hoping to get promoted since last year, my manager is horrible and did not promote last year and gave me hope for this year with extra work. I did everything and beyond this year but my manager still rated me met expectations and said no... — read more 

New hires are coming in at 65k…

There are more job postings for BNY right now than i ever recall seeing in the past decade. Seems like the company is doing fine..

Note of Thanks to Dublin Office Please pass along my sincere thanks to the Dublin team for their exceptional engagement over the past 12 months regarding the Wexford office closure. Their responsiveness and clear, compassionate communication have... — read more 

It’s starting. Layoffs until Thanksgiving. I was told I have to work through the whole month of November to receive severance. This place sux! Totally blindsided. Wish us all good luck!

Layed off but I must work for next 4 weeks. Was just asked to goto a meeting. TERMS- have to work until 11/27/2025 to receive severance. Out of nowhere. Blind - sided. Anyone else in my situation please comment here. Let’s help each other get... — read more 

https://news.bloomberglaw.com/employee-benefits/bny-sued-by-former-employee-seeking-severance-after-termination

I received an offer as a Full-Stack Senior Associate on the Global Collateral Management Platform called access edge. Is this a good platform to work on? I have a few years of experience as a full-stack engineer but was laid off so I need a job. I... — read more 

if you wanna see the crystal ball in this place looks at the projections and budgets. that's all

Support the BNY PAC ?? Anyone see Robin's message? for what? To fund politicians who don't care about rule of law?? freaking ridiculous. While we get replaced by AI?? 30,000 corporate Amazon employees will be flooding the job market because of AI... — read more 

heads up - if you are swiping in at an office that does not match your formal office location, they are definitely looking at you. Ask your manager to change your location (if possible) or start coming in to the correct location otherwise this is the... — read more 

Work from anywhere reduced from 80 hours to 64 hours for next year. No more additional days purchased vacations. If i don't laugh, I'll cry.. someone plz tell me i read that email wrong

Be prepared because we all know this is happening even though they deny it. As a mgr i can confirm they are absolutely reducing teams 25% and behind your reporting mgrs back. Most of my team was entered to meet by me and all of them show below after... — read more 

How long before offshoring and forced ratings finally break what’s left of morale? Every round of “efficiency” moves chips away at tr ust, replacing experience with cheaper labor and arbitrary rankings. At some point, it’s not just people leaving... — read more 

Overheard two managers talking about upcoming layoffs the first Monday of November. Didn’t hear the whole conversation but heard WFH staff in Oriskany and Dallas. The list has been finalized and positions are being filled in Pittsburgh and Houston... — read more 

At least for UK staff, WFA days cut from 10 to 8 and volunteering days cut from 3 to 1.

Heard all 5's will be let go in the first week of December as opposed to usual January round. True?

Can someone share light on what are the bonuses for the marketing team at Wealth and IM? When I joined HR said it is anywhere from 30-55% of your base salary. I joined as SVP of product marketing from big asset management firm and we used to get only... — read more 

Have the BAH holdouts been given an ultimatum to RTO or be terminated?

They go no answers & took no questions on how EMPLOYEES WILL RE-LOCATE. Brutal - how could they think that this is good for the Company?