Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Not sure if I should accept BNY's offer...

They offered me a fairly lucrative position, but I'm reading a lot of negative things about BNY. Seriously considering declining. Glad I came to this site first, understanding that there will always be some disgruntled employees. (But this is a... — read more 

Any from Manchester here

How do you currently feel with the way things are going ? My team has been shipped out to Pune and things feel a bit meh! Been here since pre-covid and it’s like a sinking ship

Wexford - what do we know

I'm hearing rumours of some people being told they're in line for wfh contracts and some people know their end dates but my team are still in the dark. Why don't they let everyone know together?

Can we talk about the next round of RIFs

I’m looking for information on when it’s going to happen, (I heard next week.), who it will affect (which teams/sites), and the %. And, if it’s already happened to you recently, could you please share if you got 2 weeks for every year as sub pay?... — read more 

240 Gym

When ? Where ? How much ?

Town Halls

These s are laughable with the propaganda, fake excitement, and ridiculous hype music they play. And the lemmings trying to get everybody to show up in person to act like there’s more engagement and excitement for what this dump is doing All this... — read more 

Class Action Lawsuit - Please read

A number of staff will be terminated next week as a result of the rating system managers are forced to follow. I urge everyone impacted to seek out others that were impacted and file a large class action suit against BNY. This is a terrible company... — read more 

Agile Practice - What a dump

Layers of incompetent leadership in the scrum lead practice. They put 2 totally useless managers who have no interest in engaging their teams; egoistic and lack of personality on how to build teams. Constant churn and lack of interest with sole aim... — read more 

my team is 99% offshore

i quiet quit and wasnt eventually let go. couldnt stand going to the office

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Post ID: @OP+1jkv5589r

Edinburgh Lay Offs

Every impacted employee was sent a list of the impacted staff in the site which contained the last day/future arrangements. How’s that allowable? Some serious questions to be answered on how some people are being permitted based at home and... — read more 

Leave BNY!

I changed jobs two months ago, and I’m still adjusting to just how much better things are. It’s almost surreal. I’m still getting used to the fact that no, management through fear isn’t normal, a toxic atmosphere isn’t the default, and if you... — read more 

Ratings

I remember seeing somewhere on this site but can’t find it… Can somebody who actually knows what the 1 through 5 rating scale is for employees?

How many terminations for those on development plan

Does anyone know the percentage of terminations they are planning for those put on a development plan? Since it includes everyone with even just one category rated as Partial there is likely a large amount of employees being put on the development... — read more 

Platform Operating Model

Can someone please explain what this is and how it affects me in middle office? Is extra work coming my way? Like I don’t understand the relevancy of this

No severance for LP rating

Can someone confirm if this is true, heard that it 30 days pay if you don’t want to do development plan.

Safe timeline for putting in papers…

Need info: how long before it is safe to give Notice period without it threatening to trigger clawback/payback of Bonus and 401k match? Thank you

Is BNY backing away from DEI?

They usually just rubber stamp whatever government policy is dominant, making sure to kiss the emperor's ring in the process. It seems they have no permanent values to speak of, the daily drip of corporate claptrap notwithstanding.

Bonuses

I’m seeing a lot of posts about bonuses. I didn’t know that was a thing. Does middle office not get them?

NEW SEVERANCE PLAN

Does anyone know with the new plan, will they payout unused vacation? It would be nice. And with P-M coming the end March, when will those layoffs happen?

4 day office rumours from March - is it true?

Hearing gossip that it will soon be announced that team members (not just managers) will have to do 4 days a week in the office. Anyone got any more insight into this - UK based. If so, when will it be announced and take effect. Will it impact... — read more 

Hate my team

I have never had a worse group to work with ever as i do now. Attendance is trash, communication is trash and the inability to do the same process done for years is awful. The process of getting rid of people is terrible and its exhausting to deal... — read more 

Good luck next week and next month everyone

Packing up and going home. Wondering and hoping if this is my last day here? Good luck everyone as we head into ‘Flattening February’. Stay here? Get severed? Get a new job? Whatever…May all your wishes come true

Analyst/associate bonus

For analysts/associates what was your bonus, performance review and what's your location? I got partial meets, exceeds and meets. Bonus was 5k in NYC

PTO during notice period

Can I use vacation hours during my notice period? BNY doesn’t payout left over vacation hours. Sh---y

Salary bands

I was told I met my salary band this year but was not given what the ranges are for my salary. Can someone share what the ranges are and the titles.

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| 15390 views | | 1 reply (January 29, 2025)
Post ID: @OP+1jjss23g7

Volunteers

With all those so willing to be laid off, why don’t they take volunteers for buy out instead of laying off? Wouldn’t that be more efficient?

Date?

Supposedly the main corpus will be next week. I am hearing some will get the axe later in the month. I wonder if they will still get 2 pay periods if after Feb 14th or it will just be thru the end of Feb.

You wake up, your job has slipped away...

No informal get together, no snacks, no choice of a favorite song (I would have chosen Burt Bacharach). It was just a nervous or-l notification delivered by my lilliputian manager. My Outie self is quite happy, though — pity I have to remember any of... — read more 

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| 14950 views | | 1 reply (January 30, 2025)
Post ID: @OP+1jjphtva3

Where is the flexibility and new benefit?

Wellie wellie well…. Now we know why there are no layoffs in January other than those fired for cause who get nothing. They spent recharging time to perfect this odious opus. And in 2+ weeks there will be many who now get the fall out from this new... — read more 

So how has it been

At bny since December? Specifically Houston office? I was one of those let go back in December, and before asking, yes I always was either at model or above model for coming into the office. I also always received a meet’s expectations from my... — read more 

Legal

Has anyone in Pittsburgh or elsewhere in US successfully sued BNY for unethical or maybe illegal practices? If so what law firm did you use? Some examples might be, you have a long track record of being a meets or exceeds employee and they suddenly... — read more 

Robin… get in on the latest AI fad: Deepseek!!!

Yessiree Robbie, Deepseek is your dream come true! Get in on some cheap Chinese AI! That little bald Plantar wart Roman R. Was just bush league with that crypto and chinese bond stuff. This is where it’s at baby. Put it all on Deepseek and then you... — read more 

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