If I just stop logging in, what is the termination protocol?
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?
Asset servicing is a shitshow
Brutal environment…..
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
Non compete
Are we in non competes?
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
Your best option is a lawyer if unfair package
BNYM is notorious for conditions on packages being against state laws. If you think your package is unfair talk to an employment lawyer. Consultations are typically free.
huge tech re-org happening soon
POP initiative 40% cut expected across eng,ops,product, architecture, etc. wave 1 comm expected soon
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.
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
Support and Well Being
Everyone sign up 😀
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
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
Comp Day!
Anyone got their number yet?
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
Quit if you don't like it here
Nobody is forcing you to stay at BNYM. Some of you are acting like you're being held hostage here.
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?
Redundancy payments?
Is it the case that Dublin still on generous redundancy yet Cork only on the statutory amount only?
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?
Earnings
Any comments about the bank's earnings?
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
How much is your biweekly payment under Subpay
I know the duration, but regarding the actual amount - how much is it, is there a calculation? Is there a difference if you collect unemployment or not? Thanks
Robin stinks
End of the discussion
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
It will make in impact If I do Uber while receiving SUB Pay?
I do Uber in my free time until I get another job. Does this stop my SUB pay? If I don't report this to TMS, will they know? So many things are going on in my head, and I'm not sure where to start or End. Also, if I do Uber, they will know it later... — read more
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?
Do we need to prove job searching
Do we need to prove that we’re looking for a job for either the BNYM package or unemployment?
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
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
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
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