To all the Dad’s working in this fetid swamp, Happy Fathers Day!!!!!!! We are the epitome of dedication to family and doing what’s right. Putting up with bad stuff for the sake of our wives and children. The real Alexander Hamilton would be proud of... — read more
Left that nightmare six months ago
I've never been happier. I sleep better, lost weight, and actually see my kids now. I didn't realize how much that place was ki-ling me till I got out. Best decision ever. To anyone thinking of leaving - do it. Not a single regret about my decision. — read more
Mid-Year
When are mid-year performance reviews? Hearing different format. Anyone know?
More power for the powerful, less of a voice for the voiceless
After reading about RVs new cash grab, I can only wonder what the next shoe to drop will be. Already seeing big cuts throughout the organization and other higher ups jumping off the sinking ship. Money going towards the “birthday parade” this weekend... — read more
All Hail God Emperor for Life Robin Vince
I love the platitudes that they use in the announcement of Robin becoming chairman of the board. You can tell he's grinning writing all that nonsense while signing off on RIF waves
Prediction: they will sell off all LOBs but keep Asset Servicing
I have no basis for this , just conjecture based on what I’ve seen. AS is a massive business but also very automated for custody work so it tends to be profitable. Funds Services is not profitable but BNY has the scalability to do clients’ back... — read more
An apology from Global Payments
This is quite vague as it has to be but I would like to formally apologize to many of you on behalf of us worker bees in Global Payments. There’s a lot of awful changes currently taking place that we the people have absolutely no control over... — read more
Legal Firm?
Anyone know of or working with a law firm, in the NYC area, with experience working with BNY employees.
25% not meeting expectations by year end?
Read this as a comment in the mental health post, but it deserves to be a topic. If they put me in the 25%, I won't be acknowledging my review, that's for sure. Manager here: it’s confirmed that the new requirement coming from Robin down is to... — read more
Platform Operating Model
Leaving this right here… In 2022, McKinsey was paid $55 million to advise Warner Bros to combine with Discovery. From 2022-2025, McKinsey charged Warner Bros Discovery $37 million by advising the company to change HBO to HBO Max then to Max then... — read more
BNY sponsor of the DC parade June 14
We can’t get scrap for merit or bonuses, people get laid off, those who are based at home are going to be let go if they can’t come into the office, but hey, BNY can sponsor the parade in DC on Saturday “to celebrate the 250th anniversary of the... — read more
Insite Conference
How did it go?
People team AMA this morning
Let me start by saying what a GD joke!! Psychological safety? Promotion opportunities? Burnout? None of these leaders seem to have a clue about what they’re doing, yet they continue to play the “we’re here for you” charade. It’s absolute... — read more
BNY CEO Robin Vince on Embracing AI and Navigating Uncertainty
The love affair with AI will only result in major layoffs and a lot of problems down the line. Mark my words. https://time.com/7291961/bny-ceo-robin-vince-interview/
BNY’S negative impact on Mental Heath
Has anyone resigned due to the toxic work environment? And did you state that as the reason for leaving?
It's time for me to leave the banking industry altogether
Fifteen years of working in banking like an id--t for nothing. I've lost so much of my life working my a-s off. For what? Just to be unceremoniously kicked to the curb one day, with nothing to show for all the years spent in this sweatshop. There's... — read more
Ireland sites update
For those of you who work in Wexford did you get your severance package and were you satisfied with it? I'm also wondering what the long term future holds for BNY in Ireland? Most people seem to think Cork will close soon and despite the new office... — read more
Can’t win any new business.
I sit in Asset Servicing. Our margins are okay but is only held up by a handful of clients with huge cash balances and generally higher AUC compared to recent years, which increases our fees. But on the flip side, clients are not happy. We’ve gutted... — read more
Terminated for Policy Violation
Would BNY HR share reasons for termination or any other data (e.g., eligible or not eligible for rehire) with new employer during employment verification process that may prevent you from being hired by new employer? Has anyone been let go ‘for a... — read more
Complete farce
Our CEO in Geneva talking about the future of banking while whatever rubble remaining of his firm smolders. This has been a speed run to being a bottom tier Wall Street firm. A legacy destroyed in a few years.
No training, no support
I came in with a lot of hope, expecting real training and support. Instead, I’ve spent months trying to figure everything out on my own, with no real guidance. The workload keeps piling up, and I’m completely drained. Now, I’m just counting the days... — read more
Dermie P-O-M lie fest on 6/11
Oh Yes, we will hear how we are positioning ourselves to now move Mount Everest with the new model and less effort. How did we ever live before this came along? Be sure to fast for 8 hours and take Xanax with lots of water before going to this... — read more
Reminder
Don’t let them fool you. Placing plants and pictures of paintings around the office is not an effective morale booster when it is at an all time low.
BURNT OUT
This place has burnt me out to the core. My team is expected to work all of our waking hours; nights, weekends, holidays. All because of pi-s poor management and not even so much as a thank you. Yes I could quit but that’s easier said than done, I’m... — read more
Latest Peakon Survey is out
Can’t wait for everyone to explain how miserable they are at this bank and how RV and his cronies care about us but will continue to do nothing when we have the opportunity to speak up about it
Payout of unused PTO?
Can’t find the post that discussed this, but was it determined they are paying out PTO at this point if you resign? It’s mental I had to turn here for information, I know.
Coming to terms with it
The soul of this organization has been su-ked out. It was never great, but it was at least comforting enough for doing the sludge work of the industry. Is it beyond saving? What exactly is the value proposition for staying? The inmates are running... — read more
Non Solicit
Does BNY enforce their non solicit policy? Does anyone have experience where BNY has enforced it?
august layoffs in the works
names are due in June timeframe
AI and the Bank massive RIF is in the works?
A CNN article today caught my attention. The chief executive of one of the world’s leading AI labs has warned that artificial intelligence could soon lead to a significant spike in unemployment—far sooner than expected. He argues that policymakers... — read more
Hey ELIZA... Describe Consequences of Ineffective Leadership
Failed leadership can have far-reaching consequences that impact an organization's culture, performance, and overall stability. Here are the key risks associated with ineffective leadership: Erosion of Trust & Morale When leaders fail to... — read more
Sc--w the shareholders
We are so understaffed it’s not funny anymore. We have a total of 3 people on our team doing the job of 2 teams and we cannot keep up. God forbid anyone calls in sick or else we are at fault whenever we are short 5 people and doing more than just our... — read more
AS fired?
Are we chocked ?
The real issue…well one of the major ones
The Firm has laced off anyone who challenges what’s going on. In Pershing, Investments/Wealth and AS, its become a don’t dare challenge the norms mentality or you will be cut. The Leadership is lacking in knowledge and foresight. As a result, people... — read more
Weak and Confused Product Practice
I haven’t seen anything meaningful from the Product practice leadership. Product managers are deer in headlights and clearly have little to no understanding of their products, lack business knowledge to deliver product roadmaps and requirements. With... — read more
Is Digital custody expansion dead as a dodo
With all major digital leaders gone is the plan to do more with Digital now just a pipe dream?
Confused Agile Practice
I haven’t seen anything meaningful come out of the leadership in the Agile practice. It’s surprising no one can notice that the so called coaches and scrum lead managers are a bunch of nobodys adding absolutely no value at all other than theoretical... — read more