Does anyone know when employees will be notified of promotions?
Any thoughts on more layoffs?
I’m wondering how next year will play out. Should we brace for layoffs in the first quarter, or will we get a brief reprieve before they start cutting people again? It’s sad that the question has shifted from "Will there be layoffs?" to "When will... — read more
What does severance/sub pay look like?
I got two partially meets on my EOY review and am fully expecting to be part of a RIF in Q1 of ‘25 or put on a “PIP or leave” I’ve been working here for a year, what can I expect in terms of severance/sub pay (granted I even am provided this)? What... — read more
Raise -Bonus
Does anyone know if the raise/bonus pools are up,down or the same?
Partially Meets
Give it to me straight - how likely is it that I’m getting laid off if I just got a partial YE review ?
This is just a transitional job
If you came here looking for good pay, career opportunities, and reasonable hours, you’re in for a disappointment. If you have hopes or expectations, they’ll just squeeze the last drop of energy you have and then unceremoniously kick you to the curb... — read more
Pershing delayed year end reviews
Why are year end reviews being delayed until January for Pershing. Is this related to the p-m strategy and expected layoffs
Salary Bands - Manchester J/K
Hello, does anyone have the salary bands for J and K in Manchester, UK. On only £41500, was wondering if right at the bottom of the band.
When will layoffs occur, particularly within Asset Servicing?
Got the dreaded partially meets and am fully expecting to be part of a RIF within Q1 of ‘25, any idea as to when?
Counteroffer
Has anyone accepted a counteroffer to your resignation from BNY with any of the promises coming to fruition?
Another non-informational FYI at Pershing
Another FYI with expectations on P*M updates but nothing new. Same slide and one with a few names / pics. One interesting point in a timeline slide - there is some "HR work" happening in Feb. Sounds familiar? Is to be interpreted as a month for RIF?... — read more
Moving more to India
Little by little, our dept has been moving more and more to India while issues persist and clients complain. Do they not care anymore to have clients as long as sub par wor is done offshore?
Manager Posted My Job
I came across a job posted yesterday by my manager for my exact role in a “strategic” location. This also happened earlier in the year with a previous manager and it ended up not being an issue (they backfilled for someone who left but it was at a... — read more
Man, you guys might even be more dysfunctional than WF!
It seems as though the forced ranking bs is happening here too. You guys sound almost as misrable as everyone on the WF page. Sounds like executive group-think has made banking miserable in general and we may all need to think about finding a new... — read more
Bands
What is the top of the salary band for a K?
Promotion
Do you have to exceed expectations in order to get promoted?
Fired for not meeting the in office requirements
I was fired for not meeting the in office requirements, I was doing duties that were not in my role description for a below market salary compared to other companies. TBH they could have fired me a long time ago because I was not showing up to the... — read more
Doing less and living better
The past few months have been life-changing. I stopped trying to juggle three people's jobs, and my mental health has skyrocketed. If cutting back leads to getting laid off, so be it. I’ll take the severance and move on. My next job will have to come... — read more
Back to office full time
Is BNY Pershing returning back to office full time next year? I know JPM is, starting in February. I do not work for either firm but may be looking to make a move next year, so I am curious if it’s been announced yet at BNY Pershing.
Wexford office - sold
Understand the Wexford office has been sold!!
A manager's thinking when it comes to who to eliminate
When they say your role is eliminated, we know it not really true. In a team with multiple associates have same roles and responsibilities, how did they pick person x vs person y? My manager has a theory. They think someone with a higher demand... — read more
The next target location for closure
Oriskany offices were closed in December 2023. Oriskany has been taking heavy hits in each layoff round since then. Which office site is next?
Evaluations are ridiculous
Like everything else. When you find yourself on a chopping block, it’s never because you didn’t work hard, or didn’t have good results, or were lacking skills and expertise. It’s because you lost in a numbers game. So don’t worry about whether you... — read more
Partially met expectations == layoff/pip?
is it true that people who partially met expectations will be on the chopping block in January before the bonus comes out?
Promotion Policy
Has anyone else heard the proposed promotion policy change? 1) in line Promotions can only be given to employees who received "exceeds expectations". 2) Employees can no longer apply out of their job to achieve a higher grade level. If an employee... — read more
North Pointe Data Center Sold
I noticed no one commented about the data center being sold/closed. An article about that was in the Pittsburgh Tribune Review on Wednesday.
What’s wrong with Phoenix University?
I noticed many answers on this forum make fun of its graduates. Why? I confess, I did not graduate from any school in US, I’ve done my studies in Europe.
So no mass layoffs before Jan 25?
At least that seems to be the consensus. Not that it provides any solace. January is right around the corner anyway…No rest for the weary.
Key word from your Year End Revie
I suspect few “acceptable” PC action items have been pushed down the pipes as directives from top management. Let’s share what the keywords are that were recommended in your Needs Improvement/Can Improve category during your year end…
Culture of no respect
So many of these posts illustrate that the culture here is the worst thing and this might not seem like the biggest deal but it also illustrates how terrible this place is when it comes to respecting other people. I can’t tell you how many times... — read more
Turning off the Mellon lights on the Pittsburgh tower
Makes me laugh every time I see it. Looks like the bulbs burned out. Fitting. Weird.
BNY Branding
Just wondering what offices got the new "BNY" Branding and when it was installed. If you could just comment your office and if you got it and when. Thanks
Layoffs
So when is the next round of layoffs? Or are they complete with the ones done in December? Or are more to come this month?
Work from anywhere not applying
The work from anywhere days I applied last week are not updating in my RTO tracker. Neither is the vacation I have scheduled for later in the month. I really don't want to come in 9 days this month as I saved work from anywhere for this month.
TS “Recognition” Townhall
So much for recognition. Having to sit through management patting themselves on the back especially in the P-M. All focus was on India, APAC, and the Engineers in P-M. Zero call outs for the individual contributors making the customer experience... — read more
Leaders keep churning in the Agile practice
Another big exit announced this morning. They are making folks leave who actually care about this place and its people without a remorse. Head of Agile is so out of place
Huge layoffs 2025
Largest one to date.
Unique recharge period…
…like the Mafia guys who wine and dine you before- you know. Heavy layoffs coming up, so they want you to enjoy the holidays before the returns LOL!