As if things arent tough enough, it is becoming well documented that 1/5 and probably up to 1/3 of all job opportunity listings are fake. About one in five jobs posted last quarter was a “ghost job.” Researchers found that on average, up to 22% of... — read more
Layoffs in Feb
Outside of being let go for cause, the layoffs will commence in February. Good luck to all.
Analyst
The analyst are catching on to the bullsh-t being sold. The reactions on the responses are PRICELESS. PLATFORM OPERATING MODEL will create some very large operating losses.
New Incentive and merit system
Process is broken. Meet expectations, sh-t incentive and no merit. Somehow, expect me to put extra effort in 2025? 2 years in a row, same BS. Right, keep waiting for my extra effort.
RIF'd today
Work in Finance and was let go today. I have an outstanding loan against my 401k. Will i be allowed to pay it back monthly?
Earnings Report - Line item
Did any one notice the Earnings Report and the amount of money they have allocated for Severance related litigation costs ? 4Q24 was not even big .. Results include $165 million of noninterest expense primarily related to severance and litigation... — read more
Where did it all go wrong?
What happened to Bank of New York? 20+ years ago it was a decent place to work. Great benefits. Employees looked after to an extent. Pay wasn't fantastic compared to other places but it wasn't bad. Morale wasn't awful. Now - it's down the sh1tter... — read more
Sh-t pay for slaving away
My total pay is going down each year since I joined 4 years ago. The base pay is going up 1-2% each year while bonus is going down 5% each year!!! I fu--ing hate this company and I am trying to leave but the job market is so a-s ive only gotten 2... — read more
No review /no compensation conversation /
Anyone else just waiting for these conversations to happen? At this point im not sure what to think Manager is still including me in meetings etc
F-K BNY
Ive been here way longer than i should have been and the last few years have watched good, knowledgeable people get laid off while sh---y ones stay, sr mgmt has zero clue what goes on or what it takes to do a job but continues to make decisions being... — read more
Do More With Less, Get Less
My department was almost halved in the last year and took on 25% more work. Lower merit and measly bonus increase. People will be leaving. So insulting to good, dedicated workers. And they expect rah rah at the clown halls…….
Hey Robin, AI cost savings idea
Robin, Why not use AI to get rid of some of the obese bloated salaries in Tech that are duplicates and overlap? How hard are these jobs and why can’t we use AI to get what they do weekly and their human decisions formulated. Then leverage other... — read more
no severance for failing RTO
Ive been with this POS company for 4 years and got no severance for this. Sc--w them.
Record Profits but non-existent Merits
We all need to quiet quit and not care anymore!! It doesn't matter if you work your a-s off. It means nothing to executives. If they don't give a sh-t about us and won't reward us when company makes record profits, why should we? They can shove... — read more
Bonus Transparency
U.S. based Job Grade Level: I Current salary 72K Merit increase 3% Bonus 12K Just trying to add clarity for everyone concerned what we can expect raises to look like.
Leaving after bonus
Does anyone know if we leave within the next 30 to 45 days do we have to repay the bonus? I'm done with this place....
Bonus comp time
Are there bands for Level with regard to incentive ? Meaning if I am promoted from a K to L and I am meeting/exceeding expectations. Should I expect to get double my incentive if all things are equal ? Also do many people get RSU ?
Developer experience - Jason Valentino
What have this guy achieved past 2 years? Seems like a money grab position
Thank you
Just wanted to say thank you to everyone, except the trolls, for making me feel more sane and less alone. I worked at BNY for a year. A few months in, after only positive feedback, my manager suddenly told me that I was not meeting expectations. When... — read more
Compensation Day, wooo hooo
Met expectations = Flat incentive and no merit. What a joke of a place this become. 👌
Earnings results great, raises/bonuses low
Earnings came out today. They made record profits but I’m hearing increases will be very low.
I have exceptionally toxic manager
I would like to change the team, but I think they would block me. Simply as a power play. They are well aware of my dislike for them, and the feeling is mutual. Wouldn’t they prefer me to be gone elsewhere? But that would require someone rational and... — read more
Site Closures
Has anyone heard anything about which sites will be closed next?
When do the annual January layoffs start?
In prior years they are done by now.
Do companies even look at the RTO fallout analyses?
They copy each other, and have been implementing the RTO as if it’s the smartest move in the world. In the meantime, all data points to it being a failed policy. First and foremost, it makes talent leave in droves. The only ‘success’ of the RTO is... — read more
JPMC going back to full 5 days in March…
JPM Chase now mandating a return to the office five days a week starting March 2025. How long before RV and his servile toadies follow suit?
I came on board recently
And here I am, already thinking of leaving. This is my third bank, and it’s almost comical how the same issues repeat everywhere: passive-aggressive management, pressure to perform, unrealistic expectations, tedious processes, toxic work environment... — read more
How do they announce office closures?
Just wondering how, historically they have announced office closures? Do they do a full office town hall and tell people in person, do they send an email etc.
Every new manager is worse than the last
We get a new manager every six months on average (which is a problem in itself), and each one is somehow worse than the one before. We're now on our fourth manager in two years, and it’s starting to feel like the only qualification for the position... — read more
Questions
Anyone released in Jan 25. Did you receive 2 weeks per year? When released, are you allowed to leave 401K with BNY and manage through Voya?
Bonus
What is the typical bonus range for a Sr. Vice President (L grade) from technology based out of NYC?
Post getting deleted
Several posts on here that aren’t offensive and highlighting some key gaps are getting deleted? How’s it happening? Is someone from BNY HR stalking this board?
Annual Review/Bonus/Merit
Question regarding the annual bonus. I was hired at the end of 2023 as a Letter G (hourly, non-salaried role, eligible for overtime), and my offer letter mentioned that I qualify for an annual bonus, typically around 10% of my pay. During the 2023... — read more
Post Layoff support
Does HR give enough details about state employment claim process or we have to do all the research? Same question on the SUB. How was that process? Too complex to follow or pretty straightforward? Can we continue to contribute to 401K and HSA during... — read more
Richard Gordon leaving?
Rumors of head of ops leaving BNY as stock price not going up as aspired even with the 800 plan reduction of staff this year and 1.2k next year.....
D.E.I. Going Forward.
When will BNY wake up and realise that promoting D.E.I., is not the correct path for success?
401k match
Does anyone know the date for the 401k match? March 31? I guess we can expect the 10% Wave 3 layoffs to happen before that so they don’t have to pay.
Almost no opportunities to progress the career
Even if you play office politics and su-k up to the managers. We are not seen anymore as human capital and nobody cares to develop employees’ potential. We're expected to stay for a couple of years, get squeezed for all we're worth, and then be sent... — read more
Bonus Pay Month
Does anyone know what month we will get our bonus in 2025?
Quick Survey
What do you predict that BNY will take away from us employees this year (other than our dignity, of course)?