Major NY Post article. Uh oh…

So why did BNY get downgraded? https://www.reuters.com/markets/us/moodys-downgrades-10-us-banks-warns-possible-cuts-others-2023-08-08/

How much time and effort does the EC spend humoring the interns for the sole purpose of posting something on LinkedIn. It is sickening to see useless deadweight like Regelman posting photo after photo with groups of interns when he hasn’t spent even... — read more 

We’ve had so many contradictory messages on RTO, WFH, etc that pretty much all of us have differing understanding. Then there are all of the contradictory emails from other senior leaders and the special carve out rules for some teams and some... — read more 

Anyone has a scoop on any planned office location closures? BNY Mellon has been trying to reduce real estate footprint and the cost associated with it through site consolidation and offshoring to India. Some are now calling it the Bank of India!

Are you guys starting to avoid for big name banks like BNY, JP Morgan, Bank of America, and more since they have yearly layoff?

the masses are subjected to browbeating, threats of termination, and 3 going to 4 or 5 days, and permanent WFH leaders are often the ones issuing the RTO mandates and threats. Great morale builder.

Https://finance.yahoo.com/news/now-finding-damaging-results-mandated-095555463.html Too bad TS management doesn't realize.

Many IT people deemed 'inconvenient to replace' are not coming into the office at all, even if they live nearby, and there are no consequences. Others, deemed more 'replaceable' are being coerced and threatened with HR consequences. So much for... — read more 

I heard we will be moving back to 2 days in office staring in October due to overcrowding.

What’s going on with GV? Just another way to spin Data and Analytics or is it real? What groups stay and which ones go?

I really loved my job and that's why I'm still here, but I'm getting tired of correcting other people's mistakes all the time just because BNY Mellon no longer prioritizes hiring really quality people who know how to do their jobs. Does the... — read more 

Opens the WM town hall and verbatim blames employees for being down 10% when the industry is literally thriving. Zero leadership. Just blame. I’m sure it has nothing to do with your raising of minimums to $10mm and horrid treatment of employees... — read more 

I am interested in what determines the amount of bonus one receives. If someone can explain in detail, I would be grateful. I'm wondering what's the logic behind it because I know slackers who got bigger bonuses than good employees.

No more Netflix! This directive came from Roman.

Have come across rumor that they may ask for 4 days in office per week from September. Rumor Mill location: NY If true, then at this point the work is not “Hybrid” anymore. Any more sources to this smoke?

Duration of payments will be based on some sort of seniority assessment. Maximum will be 12 weeks for MDs and above. Don’t know about the lower ranks, but it will be less. Brutal.

I think most people will remark about how far this company has gone downhill and how it feels like a more antiquated company compared to its peer in the industry. But every year there are hundreds of posts on LinkedIn celebrating BNYM's next batch... — read more 

Advice?

Everyone here says that BNY Mellon should get rid of inefficient layers of management. I agree, but what is the probability that it will ever actually happen? I think chances are minimal.

https://www.financial-planning.com/list/first-republic-takeover-causes-pershings-q2-outflow

LOL

Most companies I have been at clearly state the company’s bonus structure for employees. For example level A 10-15% bonus potential Level B 15-20% potential etc. Does anyone know if there is something like that at BNYM? Does a “Director - level M”... — read more 

WHAT IS HAPPENING TO OUR STOCK TODAY? ANY NEWS?

Can any manager or director weigh-in on how upper mgt demands these ratings? What do they really mean and are they an effort to avoid severance pay?

I'm wondering if anyone here has enough time to rest and spend quality time with their family before returning to work? This job has changed me in a way that I don't like. As a result of working here, I'm constantly under stress and without... — read more 

Get your office swipes in! Hopefully you have enough work allocated to you, at least on paper.

I read about title changes effective in July. Does anyone know how long you have to been in your current position to move up to next level. My last grade/title change came after 3 years. They said it wasn’t performance based but I was due for title... — read more 

It's funny how poorly managed the company is. Middle managers seem to just like to flex their muscles and continually interrupt us with their demands. They tell us to act like owners but expect us to blindly do exactly what we're told instead of... — read more 

Why do they want us to come back into the office when the PGH office is so sh-t. Downtown is a-s too as well. What is the point? People are more productive at home anyway. And tbh why would anyone work for at PGH? There are like no exit ops and there... — read more 

I have no explanation other than BNY Mellon trying to motivate people to leave. I'm wondering if you asked about sub pay (in case you didn't receive it) and what were you told?

There have been a few posts mentioning this without specifics. Is anyone aware of the bank not offering 2 weeks per year for those laid off? Are there any extenuating circumstances such as failure to return to the office. What about health... — read more 

5 years = 1 extra vacation day 10 years = 1 extra vacation day 15 years = 1 extra vacation day 20 years = extra week of vacation 24 years = below expectations rating 25 years = pink slip w/ no sub pay!

It's becoming really annoying. I get the feeling that the manager is always looking over my shoulders and it is not a very stimulating environment to work in. What surprises me is that they never seem to stop finding new ways to micromanage even... — read more 

Does anyone have information on them closing the Oriskany office? Have heard lot of rumors, some folks say their managers have confirmed - other managers aren’t saying anything even when asked. Have heard closing in around 9 months and you can try to... — read more 

He invested tens of millions in creating a product that clients don't want and regulators won't permit. Well done, Gru! You truly are the Greatest Showman, minus the talent, intellect and human... — read more 

Unfortunately, I don't think people are exaggerating at all when they call this place a sinking ship. However, is there any hope that things can be fixed? I don't see a way anymore.

I heard the rumor that BNY Mellon is currently tracking IP address and how many hours for each employee spend time in the office based on IP address and badge swipes.