All you have to do is google “BNY lawsuit” to find the endless number of articles about the shady, incompetent, or down right illegal and corrupt practices that this place engaged in for many years. What’s really sad is that we were turning the tide... — read more
How does 401k 3 year vesting work?
i am so confused by this, is all 401k vested after 3 years of working at bny and then each year is vested end of year or after 3 years only my first year is vested? this sh-t is so confusing.
In office dashboard
What a dump. in office dashboard is not working this morning. It’s not counting your time off - so it shows you below model. What a joke, considering all the emphasis being in office and the tracking.
Asset Servicing Tech
worst run division full of slacking old timers doin nothing..no meaningful work hiding within maintainence work with 0 productivitu
When Mckinsey comes to town
“There is a distinct possibility that McKinsey may be the single greatest legitimizer of mass layoffs than anyone, anywhere, at any time in modern history.” P-o-M was sold to us by Mckinsey to give management excuse to cut costs and drive mass... — read more
No severance to fund corporate jet and other amenities
In my opinion, who would want to work at this firm? Firing people with severance so that they can fund a second corporate jet and build a restaurant in the new york office. Offering people almost no severance for 20+ years of service. Shame on... — read more
Jobs to Poland, which European Office is for the chop?
Whatever it will be, it will defy logic🤔
Last paycheck
If my last day was May 10th, would my last check be for May 1-10th and paid out on May 15th?
Informal PIP?
Does anyone have any experience with an “Informal PIP”, either as an employee or as a manager? How did it play out?
Treasury services
What’s happening with the treasury services department..
Massive lies
I suggest you stop reading this site because it’s detrimental to your mental health. I found myself reading posts thinking honest people would post valuable information and getting depressed. I was always worried there would be the next round of... — read more
June Purge
Any news on the scope of massive June Layoffs? Build Back Better!
Asset Servicing
What in the world is going on in asset servicing? These silos were the stupidest idea and now there’s talk about getting rid of them?
We have MDs in India???
I've been seeing lots of high up positions in India. Will Robin and the EC give up their jobs for their India counterparts? Ridiculous!! Why is no one talking about this?
I lost my job today and I don't get paid back on my PTO.
PTO, you only get back PTO you bought, not the hours you accure, if you see the writing on the wall, go use it all, otherwise you will lose it. Doesn't matter how much you have, you only get the "flex vacation" you had the option to buy.
Accrued PTO not paid out?
Is accrued PTO not paid out upon departure anymore? But PTO that had been used but not accrued is subject to repayment? Seems like the worst of both worlds on the employee end. Would be better off switching to unlimited PTO at this rate.
HRA Accounts
How much money was BNYMellon able to absorb back from displace personnel with the HRA accounts. The amount has to be pretty substantial.
I feel so cheated
I work in a global team of about 7. I've always done pretty well during annual performance reviews, but as of the past year or so, I've really gotten out of my comfort zone, taking various stretch projects and I feel I've really built my reputation... — read more
RTO not met, layoff or firing?
Can anyone tell me what happens if you don’t meet the 3 day in office requirement? Do you get fired or laid off?
I feel I'm being laid off soon...
I may may be paranoid or my instincts are kicking in, but I feel like my manager is setting me up for a rif... Suddenly my directs are in meetings with my manager and I am excluded. I feel like I'm getting 'help' in the guise of a Teflon teammate... — read more
Scheduled vacation when layoff hits
I heard that there will be significant layoffs coming soon in my department with the jobs going to India. I’m scheduled for vacation soon. Does anyone know what happens if you are on vacation when the layoff hits?
Cheeky statement RV — “Our “ India” people drive BNY Mellon forward”
Our people drive BNY Mellon forward, and we want them to feel a sense of purpose and belonging in work and in life. One important focus is creating an environment that’s both high-performing and human – so we all thrive together. With a stark rise... — read more
Job market
Anyone else struggling with finding employment?
Thrive together or depress together?
With layoff happening every quarter, what do we even by this principle of "Thrive Together"? We know every company goes through this but doing this every quarter? Is that really what will power our culture?
So would I be under performance for not working OT?
So I recently joined the bank, I’m non exempt employee, which means I need to be paid for over time. But I never report OT, since I feel like my manager wouldn’t like that. And my manager works nonstop. I mean I’ve seen him replying emails on Sunday... — read more
Signing bonus clawback
I am in the process of leaving BNY and I have been employed less than 12 months. My contract states I must pay back the signing bonus after receiving written warning from the bank. Has anyone had experience with this. Does BNY send written warnings... — read more
Stay Away From This Company if it's the Only Correct Decision You Make in Life
There is nothing good about this company. Even if you are currently a high performer, or you think leadership likes you, this is organization is a case study in how to not operate a business. Decisions are made not based on what's good for the... — read more
In office full time?
I heard people on my floor talking last week about how June that the Bank will require people to be in office 5 days per week. Is that true? Or is that only for certain departments and lines of Business?
Another RIF tomorrow?
I heard Director and above this week. Any truth to that?
Robin Vince CNBC interview
Pretty evasive when responding to the question about the use of AI and the future of staffing levels. He was specifically asked if that translated into a larger or smaller workforce. Straightforward question/evasive reply.
Summer Interns Pay
Does anyone know how much the 10 week summer analysts in Manchester, UK will get paid for operations? Currently constant talk of no bugets/potential cuts in the department, yet they annouced they bringing so many interns into the department?
Who were the best managers in TSG
Lots of posts here bashing management. We’re there any good leaders in TSG in the past?
Joke
Does this firm even care about its employees? Are they trying to have some competition and do what other banks do when it comes to RTO? Management used to care but now they don’t as they don’t want to hear your opinions. I used to like working here... — read more
PIP & GO
A complete joke of a Company that uses the PIP GO process to wrongly grade employees as low performers or partially meet in order to not payout severance that is due to an employee. If that happens, you will pay 5x more.
Transformation group
Big rush to half as* rush to announce the formation of this group. All due to the new P-M. 🙄 Man the consultant got one over on our EC
Managers in the Loop, 4/29 Layoff
Rumor of layoffs next week. Managers in loop, can you confirm and provide reasons for layoffs: India outsourcing, RTO office requirement, performance,….?
Survival tips post redundancy
It's been a few months since my role was made redundant, so I'm over the shock, and most of the anger. Most importantly I'm moving on, so I wanted to share a few lessons I've learned that may help some of my ex-coleagues on here who are... — read more
In work exemptions
I need to use an office exemption next week, how is it being counted? Is it one day for one office exemption day?