Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Townhalls

Low hanging fruit is now a thing?

401k

Lost everything because I was let go before the 3 years. This is complete sh-t. Hope they all lose everything

US Notice Policy Breach

Has anyone left earlier than the required notice period - VP/SVP 30 days, D/SD 60 days, MD 90 days? What is the consequence of submitting an earlier notice or providing last day of work? As soon as your notice is submitted, policy states you are... — read more 

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| 8800 views | | 6 replies (last July 26, 2024)
Post ID: @OP+1tFoeMm6

PGH Badge Swipes

I noticed that we're required to badge out when leaving the building. Is this the case in both Ross and Grant? Do other offices have this? Guess this is how they get around the IP address tracking to keep track of time spent in office.

Site rebrand to BNY and UK/IRE location strategy

If a site is still showing 'BNY Mellon' on the wall does that mean curtains? Current trajectory? UK: London & Manchester Ireland: Dublin (with massive new office in 2025). Looks like staff in Poole, Edinburgh, Wexford and Cork etc should dig... — read more 

Ops cleanup

Are we cleaning. We focus only on tech always :(

Another EC departure

Natalie Sunderland leaving BNY!! We seem to be on a roll at the moment, I'm having trouble keeping up.

Pay check question

If I resign in the middle of a pay period, will my next check be a full check and the next check will be for the partial period that I worked? For example: if I resign on Friday July 19, will my check on July 31 be a full check and the check on... — read more 

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| 6790 views | | 9 replies (last July 25, 2024)
Post ID: @OP+1txhlLd7

Poland - still a growth location?

So I've heard that Poland is no longer considered a "growth location" due to increasing costs, site leaders incompetence and risk due to war in Ukraine. Anyone heard anything from Risk & Compliance?

Got offered the PIP & GO

Should I take it? Has anyone had any experiences one way or the other? Got offered 12 weeks full pay and benefits

A positive post

Before joining BNY, I had an unstable work history with consulting and temp jobs. So far, for the last five years, BNY has given me a stable workplace where I have enjoyed coming to the same office, talking to colleagues, feeling like I belong. I... — read more 

Not bad compared to BNY Mellon SUB.

''Vince won’t have to worry that he made a bad decision in moving from Goldman to BNY Mellon should there be a change in control. The proxy filed with the SEC also shares that if Vince is terminated by the bank as a result of a change in control... — read more 

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| 7150 views | | 5 replies (last July 17, 2024)
Post ID: @OP+1txv8bN8

What about other banks

Aren't all banks the same from work culture POV? Dog eats dog... Thus layoffs too are a norm.

Full time in India

Not sure if y’all noticed that if in India they stopped hiring full time anymore. I would say 95% percent of them are contractors….

PTSD

Anyone else have ptsd from layoff ever other month? Class action suit thoughts?

Whats the story with Dublin

Why does Dublin get so many middle to high level managers and not many people doing actual ground work?

What would you do to try and avoid a layoff?

How about offering to work for free? Overlords would jump with joy. And best of all, you get to keep your job! “For half to two-thirds of respondents, that included “working weekends, they would avoid taking time off,” said career strategist Julia... — read more 

In office time tracking

Just heard from a very reliable source that this dump will begin piloting badging out of the building… So they will be tracking hours and not days eventually. Not sure what locations this is being piloted at or when it will start, but just another... — read more 

Major restructure upcoming

Coming from reliable ECs: Exit while you can, streamlining happening. LOBs will be up for sale by this time next year.

Everyday I feel down

I am an mid-senior professional, joined BNY 5 months ago. I feel I have done a mistake joining ths company. At the same time dont want to be explaninng to next companies as to why I hopped job too soon. Having said that, I dont think I can last 2... — read more 

Sub Pay Change?

Is it rumor or fact that the Sub pay policy is changing to disregard length of employment?

RV

They say you should keep your friends close and enemies closer. If that’s true, makes a lot of sense why RV joined BNY, across the street from GS. The GS that fired him

Pershing mid year forced rank/off track

I understand how forced ranking is legal but how do they avoid litigation the way they do it? We all know the 10% selection process isn't legit. The directors/managers fight to save their own people then the "10%" get off track or below expectations... — read more 

Next round of layoffs?

Does anyone know when the next round of layoffs are? I'm hearing November again, so they do not need to match our 401ks. Talk about happy holidays!

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| 7170 views | | 19 replies (last September 27, 2024)
Post ID: @OP+1toSEd7y

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