Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Notice days and accrued PTO

My grade level requires 30 days notice for resignation. Since BNY no longer pays out accrued vacation, if I resign, and have 10 days accrued, can I use that as part of the 30 days? Basically work 2 weeks and use vacation for the other 2 weeks. Or... — read more 

Platform Operating Model

Anticipating layoffs with the upcoming org changes especially teams that don’t neatly fit into the model… anyone have the inside scoop?

4 week periods - 3x a week

So we’re all having to come in 3x a week, or 60% of any given 4-week period. Well I ‘say’ we all are, but looking around that’s definitely not happening in my location. But my manager keeps our team to 3x a week in office for sure. But why is it such... — read more 

Get rid of useless managers!

Yes, I know there are plenty of good, even great managers at BNY Mellon, but there are just as many who are horrible, have no idea what they're doing, and are trying to convince others they do know their stuff in all the wrong ways. I'm tired of... — read more 

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| 6670 views | | 9 replies (last January 22, 2024)
Post ID: @OP+1qDsb9KT

Lawyer?

Did anyone hire a lawyer to review the separation document? I’m considering it..

SUB vs severance

Does anyone know if certain levels receive severance rather than SUB? Curious to know if Directors or MDs are treated differently. (C-suite is a different story) Thanks.

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| 5270 views | | 4 replies (last January 18, 2024)
Post ID: @OP+1qCuZq4L

Part Time Job before separation, Subpay?

I was reading over the separation documents and saw that you are ineligible for subpay when you start a new job, even part-time. What I have had a part time job I was working before I was let go from BNYM? Would working that part time job make me... — read more 

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| 5500 views | | 9 replies (last January 18, 2024)
Post ID: @OP+1qCrBe8M

What happened to work-life balance?

Everything is competition nowadays, to the point where most employees are forced to extend work hours to appear competitive. This creates a negative work environment that completely drains employee energy and makes it increasingly more difficult to... — read more 

401K

If you were there through year end, but let go last week, do I still get the match?

separation documents

Where can we find the employee confidentiality agreement? Are we in non competitions

by
| 4740 views | | 4 replies (last January 17, 2024)
Post ID: @OP+1qBovGxk

PSA

For all of you who were recently laid off, it is in your best interest to speak with a lawyer before signing your separation agreement.

How's bonus?

Let's give location, grade, base, and bonus % of base. I'll start. NYC, grade J, $150k, $50k bonus. Flat vs last, no base increase

Not valued as professionals

It is so sad to work in a system which doesn't appreciate hard working people, and leaves us with no satisfaction from professional achievements. I feel that the only agency I am left with is to quit. Otherwise, I feel reduced to office supplies... — read more 

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| 5130 views | | 5 replies (last January 16, 2024)
Post ID: @OP+1qADpJRo

Undercover Boss Experiment

I think it would be an interesting activity if BNYM did some sort of an undercover boss type of thing in the organization. Maybe not the CEO, but someone underneath to report back some findings to change things. Also be sure to assign them to teams... — read more 

HR sessions?

What HR sessions are you guys referring to? I haven’t sent any. I need to understand the sub pay. For instance if it’s 2000 in biweekly, do bnym pay for all 2000 and then I can apply for UE?

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| 4820 views | | 4 replies (last January 14, 2024)
Post ID: @OP+1qzEVkmg

Redundancy payments?

Is it the case that Dublin still on generous redundancy yet Cork only on the statutory amount only?

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| 4450 views | | no replies yet
Post ID: @OP+1qzPs59m

Hamilton is not the Founder

Funny how they preach that Hamilton is the founder. Hamilton founded BNY. Mellon founded Mellon. Neither exists anymore. Such falsities. Maybe more should start to preach that and really twist their pa-ties.

Just staying out of the news

Plenty of big banks laying folks off. Think BNY does it quarterly so they can stay out of the news like the others don’t?

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| 4550 views | | 6 replies (last January 16, 2024)
Post ID: @OP+1qzh4KUZ

Earnings

Any comments about the bank's earnings?

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| 4350 views | | 3 replies (last January 16, 2024)
Post ID: @OP+1qyCu3vj

Not affected by the layoffs, be QUIET

Unless you’ve gone through this process recently or are going through it now, I think those of us who have been affected would appreciate if you’d keep your obnoxious comments to yourself. Many of us have had a long tenure with BNYM, many of us were... — read more 

What’s the process?

I was terminated and waiting for the documents. What I’m reading here is confusing. Bnym will provide the severance package which I would need to sign. Then I would get the severance pay or is it sub pay? Because it’s two different things. Severance... — read more 

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| 4490 views | | 8 replies (last January 14, 2024)
Post ID: @OP+1qyQRXj9

Sub pay and unemployment same thing

I was laid off on the 8th and this was my first job. My manager told me it would be 8 weeks of pay after, but I am unsure if this is something have to file for with unemployment or is it automatically given after agreeing to the separation?

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| 3720 views | | 8 replies (last January 13, 2024)
Post ID: @OP+1qxhUHpC

Welcome to the group

To all of you hit by the recent layoffs, you’re one of many over the past 10+ years to feel this way. You will survive. You might just find it better on the other side. BNY hasn’t changed at all. They have been doing this for a long time. You... — read more 

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| 3490 views | | 1 reply (January 13, 2024)
Post ID: @OP+1qx4ndM0

RV Kool Aid email about results

I just love being called “high performing yet human culture”, and being listed last in the 3 attributes. Pretty much tells me how employees are not valued, just another thing to this corporation, an expense, not assets. Largest class of early in... — read more 

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| 3730 views | | 5 replies (last January 17, 2024)
Post ID: @OP+1qxtQXQa

Tracking IP

We still have a handful of people in our area that badge and leave or leave at 9am- 10am. I thought they were tracking IP’s or is it just to target individuals? Our manager hasn’t said a word so was just curious if it’s even happening. — read more 

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| 4230 views | | 9 replies (last January 14, 2024)
Post ID: @OP+1qxLHKk4

Q4 Results - More Roman Failure

No wonder Gru is laying off people all over the place. He continues to bleed the life out of Securities Services. How is he getting away with this? Whose photos does he have in a locked drawer? Look at the 4Q results - they speak for... — read more 

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| 3880 views | | 10 replies (last January 16, 2024)
Post ID: @OP+1qxnLztP

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