BNY Mellon generated $4.3 billion in net income from 51,000 employees, giving a net income per employee of around $84,314.State Street, with 53,000 employees, generated only $2.48 billion in net income, equating to a net income per employee of about... — read more 

Senior leadership and the People Team are failing to address ongoing workplace policy and quality of life concerns, leading to a toxic culture and eroding trust. Their lack of meaningful communication and engagement—especially during key forums—shows... — read more 

There are realistically 2 routes to changing work schedules. Reasonable accommodation, meaning a medical route. Work arrangement change application, needing approval from manager, skip manager, ec and ec1. I just had a conversation with my skip... — read more 

For anyone recently laid off, could you comment if you received a package and terms of any severance. As a remote employee, I know I’ll be cut soon enough with RTO.

We all see the process failures, talent leaving (some after just months) while they push AI with no real clear picture of how this will help us. The mood on the campus is absolutely only toxicity and dysfunction. Wake up, this is going to get so... — read more 

I just took a look at this blog after some years of… not. I resigned seven years ago, after years of layoffs and many of the same complaints that I read here. If this was so obvious that long ago, my question is… why are you still here? That is... — read more 

Why are people only posting about the toxicity at BNY on this site anonymously ? Why can't people write reality about this company on LinkedIn openly ? I understand people are afraid of running into problems finding next opportunities. But Hey !... — read more 

Anyone else get laid off but the bank never sent for your laptop? It's been many months. I know they have NAC enabled but has anyone just kept them and reformatted?

I was here about 12 years but then I moved to a different company and it was a major culture shift across the board. When I was at BNY, I was in a number of different groups - operational, project management, and eventually some client-facing. I... — read more 

Random question. For all the miserable people here on this page, and I admit, I am one of them. Does anyone actually take advantage of the mental health benefits offered here or is that more gobbley go-k spewed by the uppers to pretend like they... — read more 

“The Financial Sector Supervisory Commission (CSSF) said on Tuesday that it found failures in the firm’s “administrative and accounting procedures” and noted inadequate “internal control mechanisms””. LOL… never fear, Robin and Eliza are here. — read more 

The culture there is abysmal. The different groups are running into each other in their lower environments. Each group pounds their chest with each release. Yet each release is a disaster. Eliza, wile internal only, is a joke compared to the more... — read more 

https://archive.ph/j1S8t Any news when some floors are going to be moved temporarily?

Is it just me or does Eliza just not work? Type any questions or prompts in and you just get 'loading response' indefinitely. Surely BNY hasn't put all its hopes on an AI that doesn't work, or that they don't be have the server space for?

Managers don’t track actual work, just the appearance of being busy. After years of going above and beyond for zero payoff, I’ve stopped playing that game. Now I collect the same paycheck for a fraction of the effort. Funny how no one’s noticed the... — read more 

Edinburgh office confirmed as a WeWork from July. How embarrassing for the largest custodian bank in the world…. Here Blackrock, leave your nice new office and come visit us in our shared office space…..

Join NAV Solutuons under PM and you will be free from all this fear. This team is hiring and is currently housing many full time WFH employees. Management is flexible and cares about their overworked employees.

Not sure how public this is within the bank, but RV wants AI employees. Being pushed as "Digital Employees". Engineering is working on building this. One of the key asks was to be able to ask the AI bots what the lunch menu was in whatever office RV... — read more 

Rambling pointless org announcement today.. what are they thinking? Do they think we cannot see this clearly that there will be mass layoffs in R and C under the platform model?

Bny tries to hide what they are doing but they are targeting wfh employees. Out of many being let go, its the wfh employees being axed mainly on those teams. There needs to be lawsuits because management put them in this position closing their... — read more 

This sweatshop never deserved you. I truly hope you’ll find better, more satisfying jobs, where the work you do will be genuinely valued and appreciated.

Looks like more people from new York state were axed again today. All for the reason it is the companies direction. So many intelligent and hard working individuals just told it was for restructuring. We'll time to spruce up my resume. Next job I am... — read more 

The more indispensable you are in your current position, the less likely they’ll let you advance. Kind of a messed-up incentive, isn’t it? You’d think performance would open doors, not lock you in place. Really makes you reconsider how much extra... — read more 

https://www.thelayoff.com/wells-fargo-and

Is Wellsfargo your dream company?

Anyone know if you put in your notice and have accrewed vacation time if you can take it the last days of your 30 day notice? or do you need to take it throughout the month notice. And be there on your last day.

On our weekly team meeting, our manager informed us that we will not be receiving anyone to fill 3 positions even though we are up to our foreheads in our own work and to add on top of that, we are doing some of the work of another team that is also... — read more 

Does anyone actually know the policy for this? We’ve been hearing hours thrown around for quite some time now but no actual solid information. Anyone know more on this?

Suppose NJT strikes tonight and there is no train and bus service for the forseeable future? Will we be fired for noncompliance to being in the office? I’ve seen nothing from HR on this and my boss told me she doesnt know eithet but would approve the... — read more 

A secret document was recently found on an employee's laptop during an RTO visit at an undisclosed office location. WARNING: This model includes highly sensitive, tried and proven strategic consulting techniques, which should be very familiar to... — read more 

I used to be based out of KOP. I've been WFH for 5 years and was told today that we're moving to in the office and my choices are Jersey City, Pittsburgh and Lake Mary. I don't live anywhere near those places. Are they going to lay us off? Fire us?... — read more 

Anyone know how long this is going on or how long it will continue? Any details would be appreciated.

There are rumors that the bank wants to push everyone to a 9 hour workday. Please can anyone chime in if they heard the same? I would hate to work an extra hour for the same pay.

It is not funny but it has become a quarterly "efficiency savings" effort as they put it. Hearing it is in June. For those who are in the know, what week it is going to be?

Brief Question: Is it by accident or by design that Global Payments and Treasury Services recruit people with "special needs" and individuals recovering from substance addiction to work here? A few of us believe BNY must receive a government... — read more 

I worked here many years ago and returned. All I can ask, what happened here? This place has been warped beyond recognition. People smiling? Na we don’t do that here, this is misery incorporated with a completely destroyed corporate culture. Good... — read more 

I’ll be the first to admit the job itself isn’t terrible. The team is solid and the paycheck is decent. But when you’re always picking up the slack for unfilled roles because they refuse to replace anyone, it wears you down. After years of this, I’m... — read more 

Anyone from 2/18 layoffs having issues getting unemployment in NY because they received lump sum payment?

Is it just me, or are they handing out PIPs like candy these days? Not just to low performers, but to people where it makes absolutely no sense?