Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Outplacement Service

Has anyone that’s gone through the separation process with BNYMellon found any value in using the outplacement services that’s provided as an optional benefit?

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| 3180 views | | 6 replies (last January 14, 2024)
Post ID: @OP+1qxWS3TO

Protracted layoffs distress

I hate this period of protracted layoffs. Nobody is telling us when it is going to end, so we have days of stress and uncertainty. You are doing your best to do your work/tasks, but it may be pointless. Halfway through you may be let go. There is... — read more 

Stock price VS layoffs…connect the dots

If layoffs are keeping the stock price at a high, it’s really pathetic. Business wise there hasn’t been much and hence employees were chopped off, conveniently. If anyone is interested at all, link to results call... — read more 

Layoff and got new role

I got laid off end of last year, few weeks later I found out that there is new role opening (lower grade) in the same department. I am so frustrated and disappointed on my manager who never help / think to redeploy me. People in bnym is nice but I’m... — read more 

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| 2860 views | | 2 replies (last January 12, 2024)
Post ID: @OP+1qxDvUYy

Question About My Bonus and 401K match!!

I got laid off on January 8. But my separation date will start on January 22 and last for 12 weeks. I just worked seven months with BNY. Because of my position, I got 12 weeks of SUB pay. My question is, Will I get my 401k match? My year-end... — read more 

How much is the sub pay amount?

I worked 7 years and got 16 week is sub pay. I keep asking about the actual sub amount per pay period and they keep beating around the bush. Does anyone know if the SUB pay will be around the same (if not a bit more) than our regular paycheck prior... — read more 

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| 2840 views | | 7 replies (last January 15, 2024)
Post ID: @OP+1qw2QNwh

"Ask Me Anything" Town Halls

Is it me or coincidence that time runs out on the Town Hall meetings...so, we don't get a chance to "Ask me Anything" like feedback about the 401k match once the following year AND the accrued vacation not paid even if laid off (confirmed by HR) ? ... — read more 

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| 2960 views | | 8 replies (last January 12, 2024)
Post ID: @OP+1qw44W7z

Older employees affected disproportionally

It feels like older employees have once again been affected more than other age groups. I'm talking about people over fifty. Has anybody else noticed this or is this just specific to my group?

Merit raise and bonus

Do they inform employees of both next week? Anyone find out early? Raises effective March 1? Do they retropay for first 2 months?

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| 3820 views | | 7 replies (last January 12, 2024)
Post ID: @OP+1qv88uLc

Life isn't fair

But it's not fair for anyone; so maybe that makes it fair. I was laid off in this round. It's a humbling experience. We can't control the things that people do to us, but we don't have to let those things diminish us. I've made a decision to walk in... — read more 

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| 2771 views | | 3 replies (last January 12, 2024)
Post ID: @OP+1qvtgCna

Being laid off is not the end

After being laid off twice before, I just want to tell everybody who is now in a similar situation that you will be okay. Take a few well deserved weeks to figure out what you want to do. Review your finances to get you some idea of what you need to... — read more 

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| 3530 views | | 9 replies (last January 14, 2024)
Post ID: @OP+1qvgqN76

I'm hoping it's not over

Not for other people, but for myself. I'm still hoping to get my notification. I'd rather walk away with severance than stay and have to work twice as much for the same pay - and I've already been severely overworked for months. If I'm not laid off... — read more 

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| 3541 views | | 4 replies (last January 10, 2024)
Post ID: @OP+1qvQovWZ

Bny going under

It’s on its way. Look at what all these senior people have done the last few years to this place and it’s getting worse . Now they’re selling and consolidating multiple locations . Hard up for cash while acting like they’re making profit . If that... — read more 

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| 3750 views | | 5 replies (last January 10, 2024)
Post ID: @OP+1qvExmMu

Hunger Games

RV is a slick one, doing rounds of layoffs throughout the week to stay out of the press. Was this one of the “pillars” to generate this make believe revenue? RV won’t last another year as CEO, and will forever be known for being a GS reject. — read more 

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| 3180 views | | 6 replies (last January 11, 2024)
Post ID: @OP+1qvo7dvl

Weather Related Wfh tomorrow PGH?

Anyone else getting a last minute push from management not to come in tomorrow because it's going to be "windy" ....Seems sus

Why do they always cut the wrong people?

All of us know people who deserve to be laid off. This is a fact. So how come they are never the ones who are getting the pink slip and the good ones are? It's no different this time. Does anybody here know one employee they believe should have been... — read more 

The lack of information

I hate that there is so little information available on the layoffs. We have no idea if it's done, how many people were hit, if/when it will continue... It's all a guessing game, and it shouldn't be like this. The leadership should communicate what's... — read more 

AITA ?

I have been with mellon/bnym for 24 years and I am 62 years old. I am hanging on only for the SUB pay and unemployment . I beg to be let go....AITA?

Are the layoffs over?

I know it was happening throughout the day. Is it over or will continue the rest of the week

Today's layoffs tracker 24/01/08

Let's put all the info here, for easier tracking. If you, or anyone you know is impacted, please put the location, number of people and the positions being hit. I saw someone mentioning North being particularly hit. Is that true? Good luck to... — read more 

Key Dates

List dates for promotion/bonus/pay raise/layoffs Stick to the topic and truth only

Wilmington DE location

Does anyone have any info on the Wilmington DE location? We've seen it go down from 3 buildings to 2 buildings and as of 3/31/24, we will all be in just 1 building. I know they had the buildings up for sale but I don't know the status of that or... — read more 

Eagle investments layoffs

I’m a software dev . Are layoffs going to affect eagle investments ? It was communicated to us not to expect the bonus and raise for this year. Any info on this

More layoffs in January

More layoffs coming January - rumors of between 5 and 30% in US Growth Ventures . Is this true?

Senior mgmt

They seriously must be blind to the mess they are making with this company and the turn over in between them letting good people go. It was never like this a few years ago and it’s terrible. Everything you could do to discourage employees from... — read more 

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