Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Resources thread to find a new job

Starting a thread with resources to find a new job. Being prepared is half of the battle! Feel free to add resources to help our colleagues who are starting a new job search - be courteous!

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| 8830 views | | 5 replies (last November 7, 2023)
Post ID: @OP+1ptr49cW

Laid off

I got laid off today and none of my questions were answered by my manager - I was directed to an email address to contact HR. I've also been warned they might take a while to respond. Perhaps someone here knows: How long does it take for the... — read more 

BNY Mellon Core Guiding Principle: No Law? No Problem!

All those people who relocated during covid got a free pass on RTO. I thought custodians were supposed to have a sense of fair play, of 'doing the right thing'? Oh, wait, that only applies to the legal aspects of holding or managing somebody's money... — read more 

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| 8990 views | | 7 replies (last November 8, 2023)
Post ID: @OP+1psNoBbn

Project Bora Bora

Here is another massive cut in the neighborood: https://www.cnbc.com/2023/11/06/citigroup-considers-deep-job-cuts-project-bora-bora.html The corporate overhaul, known internally as “Project Bora Bora,” has employees on edge. Managers and... — read more 

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| 8200 views | | 4 replies (last November 10, 2023)
Post ID: @OP+1psfRkmd

Severance pay policy in the UK.

Could anyone provide information on the current severance pay policy in the UK? In the past, it was typical for employees to receive a severance package of two weeks' pay for each year of service with the company. However, I've recently heard a rumor... — read more 

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| 7700 views | | 2 replies (last November 7, 2023)
Post ID: @OP+1psUhmoK

BIPAC Donations

Does anybody know what our annual contribution to the BNYM BIPAC should be? In the past there were published guidelines. As an employee I’d like to contribute as what’s good for the Bank inevitability winds up helping employees. We all benefit here... — read more 

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| 7870 views | | 9 replies (last November 6, 2023)
Post ID: @OP+1psQMEuB

When was the last time severance was changed?

Does anybody know when was the last time BNY Mellon reduced severance? People are mentioning that it could happen again next year and that's making me nervous, to put it mildly. The severance is already nothing special, and if they reduce it further... — read more 

The coming layoffs

For this week’s layoffs, how long ago was the decision made of who is on the list? Was this pretty recent like a few days ago, or had they known for a while?

Who picks your name

Who picks your name as the one to be laid off - is it your immediate manager?

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| 8940 views | | 7 replies (last November 15, 2023)
Post ID: @OP+1prbUcz3

Huge team walked out of WM in PGH

9 client facing wealth management staff walked out of Pittsburgh on Friday. Almost half of their wealth managers. Keating getting what she longed for. Alexander Hamilton can’t save you. You have failed.

162,000 Sq ft in Pine as layoffs loom

https://www.business-standard.com/industry/news/315work-avenue-leases-162-000-sq-ft-of-shared-office-space-to-bny-mellon-123110100871_1.html

Your thoughts on AI Hub

What do you think about AI Hub? Is there good work happening in that area? Anyone in the know of things? Am I missing out on career growth and learning opportunity if I am not working on AI Hub?

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| 7210 views | | 8 replies (last November 6, 2023)
Post ID: @OP+1ppqE0LY

Bonus Timing

Does anyone know when we get our bonuses? I heard we are getting them sooner than end of February. Ty!

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| 6490 views | | 9 replies (last November 5, 2023)
Post ID: @OP+1ppEmYHk

Layoffs on Monday and Tuesday

November 6&7. Is it really 10% across the board for all organizations and departments? Is it really going to be 5000 employees? Any MDs/directors to employees ratio in this layoff round? Any useless EC members impacted? EC members like RR who spend... — read more 

Stop acting surprised

Why do any of you start threads or make comments as if anything these leaders or Hr do is surprising ?

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| 5243 views | | 4 replies (last November 7, 2023)
Post ID: @OP+1poY5MRt

Promotions

Anyone know if this years promotions are now finalized?

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| 8590 views | | 3 replies (last November 1, 2023)
Post ID: @OP+1pnxZq6R

3 pillars

Have no fear. We have three new pillars… That’ll right the ship. Managements already regurgitating all of the three pillar, talking points, and even making us all sit through nonsensical team meetings, trying to get us to state how our jobs fit... — read more 

Layoffs Date: please be considerate & compassionate

Reading this forum and seeing conflicting November layoffs dates! Unless you have specific and reliable information on layoffs please don’t post about layoffs dates. Are you a manager with a list of employees to lay off this week or next week? It’s... — read more 

Taking your processes

Anyone else notice that other teams are trying to be aligned with your processes? Processes they’ve never done .I’ve noticed it happening and especially with this bs lighthouse automation project. And none of your mgrs are saying anything to stop it... — read more 

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| 16610 views | | 4 replies (last October 31, 2023)
Post ID: @OP+1pkwjjrS

CEO Performance

By the most important metric there is, the stock price, Robin has pretty much failed. Down 10% this year is pretty bad. Now the whispers are we are cutting 10% of the workforce. Does Robin’s comp reduce by 10%? The opposite. Talk about failing... — read more 

Support of PAC

what a freaking tone deaf joke. Every year I’m amazed when I get this email. As if the companies interest are aligned with my interest - this place is about as corrupt as the government….. you think I’m gonna support who Vince says I should support... — read more 

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| 22900 views | | 6 replies (last November 1, 2023)
Post ID: @OP+1pi8icE6

RESEA

Has anyone from the September RIF been selected to participate in the mandatory Pennsylvania RESEA program? If selected, you must participate in order to keep your benefits.

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| 23840 views | | 4 replies (last October 31, 2023)
Post ID: @OP+1phHctqv

Any layoff details for WM?

Anyone have any details on how Wealth Management may be affected next month in regards to layoffs?

Navops

Do any manager know if the are just layoff everyone in navops offshore reached and wants to be trained on everything we do in next week. Is this the plan they can't even handle the task they have

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| 26040 views | | 6 replies (last October 29, 2023)
Post ID: @OP+1phTKI3G

Benefits enrollment

Anyone see anything on this ? usually we already have the emails to start the enrollment process

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| 28720 views | | 7 replies (last November 7, 2023)
Post ID: @OP+1pgEmeVT

Work From Anywhere

Question regarding Work From Anywhere: are the WFA days meant to be a direct substitute for in-office days or do these get deducted from the overall number of days subject to 60% in-office? If one needs to be fully remote for a week, do you input 3... — read more 

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| 29270 views | | 9 replies (last October 27, 2023)
Post ID: @OP+1pgVoxoC

Looking Foolish

So I very recently met with family and friends who I had not seen in quite some time. Of course “back in office” came up as a topic. Jaws literally dropped when I explained that the major GSIB I work for color codes its employees based on badge... — read more 

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| 31550 views | | 21 replies (last November 6, 2023)
Post ID: @OP+1pgdotYM

401k match

For those who were hired in 2019 or prior, do we receive 401k match if we are on payroll on Nov 1st? I need to know urgently. I called HR - they said such employees will be considered grandfathered and will be given a match, but he was not sure... — read more 

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| 30020 views | | 4 replies (last October 25, 2023)
Post ID: @OP+1pfoRBcJ

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