Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

This has to end

I’m fed up with certain managers using fear tactics and bullying as their go-to strategy. It’s ki-ling team spirit and dragging down results. This can’t keep happening. A workplace shouldn’t feel toxic or oppressive. Things need to shift, and fast... — read more 

Leaving Before Notice Period Ends

What are the ramifications of not providing notice per policy? If prior years performance bonus is paid 1/31 and 2 weeks notice is given on 2/3 will they require bonus to be repaid because 30 days notice was not given? What are the ramifications of... — read more 

Bonus clawback

Can someone explain how long you have to wait before resigning after bonus is paid?

Next round of layoffs - Feb?

Do we know this for a fact? I was told 2/3 to 2/6. Then folks who will be whacked get normal pay and benefits for 2/15 and 2/28. Then the new severence kicks in. Source: @bp+1jj94pbs2

4 day office Managers - When does it apply?

I understand if you have anyone reporting to you, it means you have to do 4 days per week in office. But is there a cut off point, when it will trigger the 4 days from the next cycle? The policies still make no reference to the 4 days for managers... — read more 

4 day workweek

The manager just told us the announcement is coming for everyone.

Above Model?

My management chain are now communicating that employees are expected to be ‘above’ model. This came via email and also mentioned on a call. When questioned we were told this is a firm-wide push. Anyone else hearing this?

Finance town hall

Besides the propaganda & massive egos on the stage what I took away from this was they were setting the stage for 5 days RTO. Much of the time was talking about the how great the buildings are and how great it is when they come into the office and... — read more 

any ideas on the next purge date?

since they will save money by waiting until February they will probably wait anyway, but curious of the dates now in feb. Also curious if any senior managers knew this was coming when they were directed to axe hard working staff or if it was a... — read more 

I can't remember a worse job market

I've been really struggling over the past six months of searching for a new job. It’s not just that there are so few opportunities, it’s also how much things have changed since the last time I interviewed. Apparently, it’s become acceptable to ghost... — read more 

Boston office closing?

Is there a timeline? I have a friend there, but haven’t been able to get hold of them and was wondering what the status was there.

Treasury Services Promotions

Shocked by several of the people promoted. Some have only been here for six months, but were promoted to senior director. Others were promoted just a year or two ago and got a promotion again. How does that happen? How could you possibly... — read more 

Deferred Comp Payout (Newport)

Does anyone have any information on how the payout works? It appears they deduct the money on Jan 1 but they do not pay the individual anywhere near that date. As of today, Jan 22, still nothing. Cannot get an answer from Newport and BK won't give... — read more 

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| 6220 views | | 1 reply (January 24, 2025)
Post ID: @OP+1jj7wa4r2

Do you also experience issues due to a crippled team?

Quiet or large-scale layoffs never lead to increased efficiency or productivity. There’s rarely any proper follow-up in terms of workload adjustments or people management. And, as a rule, several critical roles remain unfilled — without exception. At... — read more 

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| 6040 views | | no replies yet
Post ID: @OP+1jj75e0ss

Operational failure of epic proportions

I wish I could speak freely and specific on here about the detrimental impact on boarding a team from India has done to my department. You can’t tell anyone in upper management, it’s hard to discuss with peers, and the amount of extra work they have... — read more 

Caught in the middle

It’s hard to tell if I’d feel better staying or getting laid off. Shouldn’t be this torn about it, right? But here I am, stuck between the two and not sure which way I’d actually prefer to go.

Future for Cork

With the news that Wexford is closing and the focus on the new office in Dublin, is there any future for the Cork office?

This is what I was always worried about

Once they start changing the rules about what we get when laid off, all bets are off. They’ll test the new approach, and if it’s still not to their liking (let’s be real, it never will be if they’re paying anything), they’ll just keep tweaking it... — read more 

Many of us still believe that hard work pays off

That’s the problem. A normal person isn't a grifter. They derive satisfaction from professional achievement—doing their job well, growing in their field, and being fairly compensated. They expect, rightly, to be recognized as both a person and a... — read more 

No more Sub plan

Now it’s a severance meaning a one time lump payment fully taxed and we don’t qualify for unemployment. Sc--wed us again!

From Wexford and Edinburgh to Jesus and His Apostle

I do not expect to surprise you with groundbreaking insights but simply to point out the evident truths your decisions reveal. You dismiss loyal employees, gathering them into rooms to deliver scripted speeches about “strategic rationalisation.”... — read more 

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| 4490 views | | 1 reply (January 25, 2025)
Post ID: @OP+1jj590zkh

Planned office closures and headcount reductions

The bank will be taking many opportunities to reduce headcount, focussed on higher paid staff with longer tenures and located in offices away from regional HQs. Lower merit and bonus payments is one tool as is performance measurement forced on a... — read more 

Edinburgh Site

All Edinburgh staff encourage to join a call at 1pm tomorrow regarding an important site update…… Wexford call at 10:30am for their news

Wexford site

Breaking news on local radio about wexford closing. Yet staff have heard nothing.

Is this the week?

Is this the week that the first round of announcements typically happen?

Need reliable Information - Decision to be made

Last year my team got decimated in P-M. Though the title did not go away it was a demotion in role and responsibility. It just reflected in the bonus and merit increase. Effectively the NET PAY has gone down I have decently long tenure and... — read more 

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