If we are out one day of the week, do we need to do in office 3x?
Nov Layoff date
What date in Nov are the layoffs happening?
COBRA decision date?
Hey team! Is anyone aware of the due date for opting into COBRA and when our benefits conclude?
Layoff article
https://www.linkedin.com/pulse/rise-fall-look-bny-mellons-layoff-history-edward-standley/
Here we go! Forcing Partial/Below Expectations "Quota"?
Has anyone (manager) been asked to revise ratings to a lower tier because they don't have enough after the initial ratings were submitted? What's next?
Clown show
This bank looks more and more like a clown show instead of a serious financial institution. Can you remember when this ELT made a good move that actually benefited either us or the bank in the long term? I certainly can't. Then they are shocked when... — read more
Year End Reviews Email
Was there an email sent out advising of the deadline of when our comments were due? If so, wondering if those who did not get the email - does this mean we are part of the November layoffs
Q3 results of JPM, Wells Fargo & Citi
https://dailyhodl.com/2023/10/20/84500000000-exits-jpmorgan-chase-wells-fargo-and-citigroup-in-three-months-as-depositors-take-flight/ ......and that's how they address their shareholders. Meanwhile, everything should be fine under GRU's leadership... — read more
November layoffs
Any Managers here with insider knowledge to confirm November layoffs? Have you been asked to provide lists?
Why hasn't Michael Lewis met with his directors?
I know he's met with Ram's directs, but he hasn't said boo to the next level. What with Ram being awol, not that's a bad thing, it seems like we're back into status quo of waiting for the other shoe to drop.
What is Robin’s next move for stealing even more of our 401K match?
He’s been so devilish in creating ways to steal our match that it’s scary. First it was the bank keeping our match as a year long interest free loan. Then came another cut to the match. Now recently we’ve been told that we have to stay a full three... — read more
Performance Reveiw
Since the process has been bumped up to start this month, and will conclude early Dec, will bonus amounts be communicated in Dec? Which pays out end of Jan
Israel and the other Regions
Hi, What is it with the firms communication around what is happening in Israel and Palestine? They never reference Palestine and only ever refer to it as Other Regions.
Gen Z quiet quitting and Banks quiet cutting
Gen Z is quiet quitting because they have seen millennials suffer through economic hardship. https://www.businessinsider.com/gen-z-quiet-quitting-work-ethic-millennials-money-struggles-2023-10 Whatever the motive of GRU is or he might have... — read more
Any attorney recommended for negotiating separation agreement?
I believe separation for NDA is illegal, among several other things in separation. My offer letter and separation agreement DO NOT MATCH at all. Seriously misled. DEFINITELY feel under economic duress 110% to sign. Appears unemployment benefits... — read more
layoffs in October
Is there another layoff round in October by end of October?
Citigroup leads by example
https://www.efinancialcareers-gulf.com/news/2023/10/citigroup-job-cuts They must learn from Citigroup how layoffs are conducted. Citigroup is going to layoff one layer of management. Here we are increasing layers of Director's and senior directors... — read more
Any predictions on Q3 earnings?
I'm sure we will beat expectations but I'm not sure by how much. I wouldn't be surprised if we come in around $1.25 as long as we don't take a restructuring charge above the usual.
Our best is not good enough
No matter how hard you work, sometimes our best is never good enough. There is no consideration that we are working with less people, juggling so many ba--s. Some people just don’t care how stretched thin we are - just that they want or demand... — read more
Time in the office
Hearing rumors they are going to start tracking time in the office. 6 hours will be required for it to count as an office day. Welcome to 1984!
Tech CIO salaries at BNY
How much money do divisional tech cios make at BNY? Does anyone have any idea?
Promotions
When is the next period to put in promotions? Is it once a year now? When do we find out bonus and raise $$
Promotions and moral dilemma
Looking for some advice. I manage a team of 6 in mixed locations - NYC, Pittsburgh, and Wilmington. I'm based in NY. When I became manager of the team, I went from J to K, though I've been at the minimum of the salary range and my directs as J's... — read more
Let your managers do what they get paid to do. MANAGE
I was fully expecting to see comments Here about the sh!tshow of forced ratings. Maybe the cats not out of the bag, although I thought it had been for a few years now. Completely unfair of the company to mandate that a certain percentage of the... — read more
They say (lack of) leadership is truly displayed during challenging times
We know of the conflict in Israel. Given that we have colleagues and vendors in the region who are in an existential crisis, there has been no single email directive from the C suite. We do not expect taking sides kinda email, but atleast a human... — read more
BNY Mellon - the Sears of financial services
Was reading an article about the decline and almost complete disappearance of Sears and it occurred to me that BNYM and Sears share a lot in common. Once both great names, beat down by a series of incompetent management teams, utter hubris and denial... — read more
unused vacation
If we get laid off, do we get paid for unused vacation?
Troll on this site
Is the same person posting under numerous companies. The only way to get rid of this horrible person is downvoting his posts. Do not reply to him at all. He will eventually move in like he did from the BOA postings.
Jolen leaving
So she has recently enacted a whole lot of rules taking away our benefits, messing with promotions and pay, making us sign the attestation about giving ridiculously long notice if we’re leaving (while giving us cr-p when we’re RIF’d) etc. etc. and... — read more
Town hall
Let’s see Robins excuses for his poor below expectations job performance
Process sn---h
Anyone else witnessing this in their role? I’m seeing it be done with this lighthouse project. It’s supposed to automate but folks involved are coming in telling teams they’re no longer doing their processes. Others with no clue will be. Make it make... — read more
IP Addresses
Was told they are starting to track our IP addresses to make sure we are in the office a set number of hours on in office says. Anyone know if this is true?
Salary Raises
What are people expecting for raises? Standard is 3%
Prepare for ADA lawsuit
Hearing that Robin is on a mission to force all employees, even those with an a medical accommodation, back into the office. This is driven by the Oriskany employees all being moved to fully remote. This messed up his percentage of employees that... — read more
India outsourcing.
Admin, why are posts deleted that reference outsourcing work to India resulting in US layoffs?
Rehire
Has anyone who was part of a RIF been rehired in a new area/different role? If so, did you return at a higher, lower or equivalent grade?
BNY Mellon leadership does not care about you
You're a dime a dozen for them. As soon as the new need for short-term cost savings appears, you're as good as gone. Keep this in mind 24/7. Keep it in mind when you are expected to work nights, or on weekends, or when you need to pick up somebody... — read more
Hopefully Michael Lewis will
Clean up all the dead weight MDs @ Pershing. Ram's buddies must be real scared :). I can think of at least 2 that won't make it more than a few months!
Has anybody seen any HR representative on-site since early February, 2020?
I haven’t seen any sign of even a single HR staff member onsite for three years and counting. Why isn’t HR required to eat their own cooking? HR is living large, hidden behind their portal where they deflect any and all requests. Understood that... — read more