The Culture Architects “RV builds the narrative. You become the headcount reduction that funds it. Check it out: https://imgur.com/a/batman-robin-eKZocZp
Ire Havoc!!
They’ve gone and shut the whole Wex and Cork offices, only to turn around and start hiring again with double referral bonuses. Like, what in the name of God are they at? Did they really ask the lads from those offices to move up to Dub or what?
Offshoring Realities
https://www.youtube.com/watch?v=t5fXrPMGM5E Here's a comparable example from AMEX. No wonder American workers in Banking and Fintech companies are enormously frustrated with their corporate overlords! Hiring and ongoing layoffs are significantly... — read more
even PGH no longer growth location
many hubs and platforms looking into long term strategy of leaving out pgh and having teams in manchester, LM, Pune.
Institutional Services - Pittsburgh
Word is BNY offloaded their Pittsburgh-based Transfer Agency to another company. I hear 20 employees were impacted.
Fidelity orders employees back to office full time
Starting 9/26 employees are told to be in office 5 days per week. No doubt BNY will follow the same mandate as they they are always in lockstep with the other financial companies... — read more
Why BNY Loves State Schools (Hint: It’s Not the School Spirit)
Companies like BNY and their consulting sidekicks have perfected the art of “economic development,” which mostly means convincing state and local governments that a few hundred cubicles and a ribbon‑cutting justify millions in tax incentives... — read more
Uniondale and what’s next??
It’s quite unfortunate that there is no transparency in this organization. The Uniondale office has had rumors of its imminent closure for more than a year, yet no clear discussion. It’s the worst kept secret in the company. Hard working long term... — read more
BNY Investments leadership
Some successful and tenured execs were on the chopping block. JM not surprised as possibly headed to retirement, but MG was completely unexpected. P-M coming up next week I heard so this is just the start.
Speaking out
Sharing a resource that offers a perspective on workplace culture and management practices. This story, written by a former BNY employee, provides insight into experiences with abusive management that may resonate with others. While many of the... — read more
Success-Driven Culture and Connections
In the BNY annual letter, BNY leadership credits ‘culture and connections’ for our strong performance. Really? Or is this just a poetic way of saying the balance sheet looks fantastic when thousands of employees mysteriously vanish through... — read more
Peakon comments
"Don't leave negative comments because the message that sends is the employees aren't happy anyway might as well make them come back in 5 days a week" -an excerpt from a meeting with my manager Leave negative comments, it pi---s them off
Pennington HVAC Issues
Are they going to fix the HVAC issues or are we going to continue to suffer until the site closes? It should never be above 80 degrees or below 65 degrees in the office. What a horrible work environment!
Bring your child to work fiasco
Today we were allowed to bring our kids to the office in Lake Mary Total fiasco, no one did. Who would bring a kid to this he-l? Lol It really worries me how clueless these people are.
BNY’s Digital Workforce Is Growing—Your Career Should Too
BNY Mellon’s shift toward AI, digital workers, and platform‑based operations is reshaping job families across the bank. Roles built on repetitive processing, documentation, reconciliations, onboarding, KYC refresh, and basic QA are being automated or... — read more
AI is not the near future
We all see the massive cost, lack of efficiency, and the lack of ROI. AI is massively subsidized by companies burning money to prop it up. For every dollar we spend the AI company loses $3-8, SERIOUSLY LOOK IT UP! At some point they will need to... — read more
Selling Shares
How do we get rid of shares? Just dont want anything to do with the place (and might as well get an extra few $$ while I'm at it)
Insider activity BNY (Leadership)
Hungry bunch — several top executives at Bank of New York Mellon have recently offloaded significant amounts of company stock...
Midyear Feedback at BNY
Another tool in the layoff toolkit? Get hammered in May, rated off track in June, find yourself on the list by year-end…Does this resonate with you or am I reading too much into it?
When will the rest of East Syracuse/Oriskany employees be let go?
Any word on the next/final round of lay offs for East Syracuse and Oriskany employees? I thought it was Q1 this year and while I know they laid off a bunch in February there are still some of us left. When will we get laid off?
Does the busy period ever actually end?
It's always rush mode. Always stress. Always another thing due yesterday. I honestly can't remember what a normal day feels like anymore. Just starting work without that immediate weight on your chest sounds like a dream.
They call it VP but....
...ain't nothing "VP"about the salary. How has this company not yet updated salary bands? It's not 2008 anymore.
Pay Attention: AI Isn’t a Tool — It’s the Strategy
BNY employees increasingly describe changes that align with the AI‑driven cost‑reduction strategies McKinsey promotes to large financial institutions. The most visible shift we see is the steady automation of repetitive, rules‑based work that RV... — read more
Positive Operating Leverage: How BNY Mellon Quietly Executes the Classic Cost‑Cutting Script to Drive Stock Price
BNY Mellon’s transformation now resembles a tightly coordinated execution of the McKinsey cost reduction playbook, and employees on TheLayoff.com have been documenting the pattern in real time. What appear to be uncoordinated, isolated decisions —... — read more
Is Edinburgh closing?
There are some high profile visitors to the Edinburgh office this week. Is it to announce the location is closing? What could be the reason to visit a site with less than 50 people in it
Every single day I have to talk myself out of quitting
It's getting harder.
Any updates on Pennington?
Is it true that we are being asked to move in July? Manager has no information. Told that we have time till September. Looking aggressively for an opening in Philly area jut no luck. Have to start looking for apartments if moved to NYC than... — read more
Mortal Kombat - Your Soul is Mine
With Mortal Kombat II hitting movie theaters and video game platforms this summer, employees here swear RV has been studying for a cameo. Not as a hero—those roles require budgets—but as the impeccably calm, soul-stealing iconic super-villain who... — read more
Q1 Earnings Call: Merit‑Increase Mirage
Our Q1 earnings call opened with its usual corporate shine: revenue up, efficiency up, and the stock price climbing like it had somewhere far better to be. But when the discussion turned to employee merit increases, the mood darkened faster than a... — read more
Single digit raises leads to double digit growth.
Thank you for contributing to our success ! (and by “our” I mean…well, if u know u know)
Netherworld
RV has brought us to the flourishing Netherworld. Everything in our business has withered and died.
This place su-ks the life out of me
We had some bs under Charlie but never have i ever experienced anything like this now under Robin. It has become so toxic and everyday could be your last with what they have been doing to employees. And yet he goes on the news or does his little... — read more
you mo--ns need to start flushing the godda-n toilet
people at the nyc office really need to learn how to flush the toilet...
Remote work exception
Apparently, a family member having a medical emergency that requires someone to be present isn't a valid reason for a remote work exception! I learned my lesson, I'll just call off sick instead of giving a damn about this sc-mmy org.
DO NOT Be "Let Go" Silently
Copy and paste link below to view post. Don't accept "NO". ... — read more
What Happens If You Don’t Return Equipment?
My last day at BNY was a few weeks ago. What would happen if I don’t return a computer monitor that I’ve used for wfh? For context- they reached out shortly before my last day requesting my address to send a box to return the monitor. I gave my... — read more
Shareholder vote
As a shareholder, in the latest proxy I voted against the executive compensation plan..
6500 USD from CEO for Homebuyers
Am I reading right? I guy who makes more than 10 million a year USD offers 6.5k USD as a means to homeownership in the US? Dear BNY employees who are eligible: how do you feel on that initiative?
Get your staff hyped for the earnings call!
Tone deaf as ever. Sure they may be hyped if they ever saw any of it.