now what?!
Technology no longer 10 days a quarter
So tech teams will no longer have the privilege of 10 days only in office per quarter. Archaic applications faltering every day will have even less technology oversight. Brilliant ideas coming from the top!!!
This is the last straw
Don't make a promise to me regarding promotion and fail to deliver if you don't want me to walk out. I will not tolerate having a carrot dangled in front of me only to have it snatched away at the eleventh hour. I don't care if it was made by you in... — read more
Greener pastures
So far I'm having no luck getting a new job. I talked to a few people who have left already and I was surprised by the salary increase they received. It's not a slightly higher pay, it's a significant increase. Is it possible that we are so... — read more
How many of your team deserve to be let go
I can think of Atleast 3 that would lighten the load cause they’re useless
Teams meetings
I have 4 hours worth of mtgs today & 6 hours tomorrow. They are all via Teams with no one in my same location: therefore I will be sitting in a dirty crowded noisy sea of cubicles all supposedly for in person collaboration which I will be doing... — read more
Animosity toward employees
It's just all very toxic. I'll be interviewing at another company next week. They can find another architect. This one's seen enough.
GS injecting into BNY. good or bad?
another GS boss pulled into BNY. will these people coming in actually help the bank in making the brand more prestigious and bring in better talent or are these folks the misfits of GS?
Behold! The ultimate sticky (bump as needed)
There are a lot of good threads that get polluted by the same low-IQ posters that ramble on about the same thing. But here's what you need to know: It is clear the current CEO is trying to drive attrition. That is why quality of life (benefits... — read more
You think they care that they can't attract younger talent?
I don't think it's too important to them anymore because they're too preoccupied with their bonuses and don't have much time to spend thinking about the future of this place.
Drab, dull, and predictable
BNYM is like life in a sleepy Midwestern town -- the shady streets, the weekly lodge meetings, golf on Sunday morning, followed by a fried chicken dinner and an afternoon nap. And they wonder why they can't attract young talent. 😂😂😂
Why would BNY Mellon invest in a failing edtech company?
https://beststocks.com/bny-mellon-increases-holdings-in-2u-inc-as-edtec/ https://www.thelayoff.com/2u
Some things can't be repaired
The CEO and his underlings have created such a toxic environment here that it seems impossible to fix. They sit up high in their ivory towers, utterly disconnected from the reality of what's happening on the ground. Their minds have become completely... — read more
Peakon Response
So today I made comments on my Peakon survey. We will see if I am here next week! So tired of the values/meaningful work questions. How many others have managers who never tell the higher up’s what you have accomplished? A misguided notion on... — read more
Layoffs??
More like trying to make conditions so bad that people quit so they don’t have to pay termination benefits. Effective 2023 BNY Mellon won’t even match 401k contributions until the end of the year so if you leave mid year - no match. Deep cutbacks... — read more
Roman Regelman is an a--hole
Love the threatening tone of the latest communication. If you don't come in 3 days a week, you will be subject to corrective action. This guy has Scharf all over his mug.
Unconcerned about the quality of the employees
I was really disappointed when I became aware of how little BNY Mellon now cares about the quality of its employees. I do not believe that they are not aware that some decisions alienate the best of the remaining employees. On the other hand, I... — read more
So much pointless politics
Imagine how great this company would be without so much middle management that creates so many unnecessary layers of bureaucracy. We would be able to increase productivity by a third, at least. We would also be more efficient, considering that a... — read more
Full 5 day return to office 9/5/2023
Following in Goldman Sachs footsteps. WFH only for emergencies, etc.
Why does Newton Mutual Fund Performance Suck?
Why do we still have a mutual fund business, since our WM side is selling more non-BK funds and etfs? Can’t they get $ by selling this business? I don’t know any of the names there anymore, are any good investors left?
Is Peakon Anomylous
My manager here in the UK has stated he can obtain HR data confirming who has made what comments. Does anyone know if this is true, or is manager just trying to avoid us making negative comments? Thanks,
Badge swipes will no longer be tracked
What great news!!!
Filling reqs
So Just got told that reqs that need to be filled are to only be filled going forward using someone from India, PGH or Florida’s cause those facilities are somehow considered “growth” locations. Gtfoh. These places have the most layoffs and yet we’re... — read more
Anyone familiar with older hybrid work model policies?
Two rumors are circulating post the 3 day in office announcement. Anyone have any details? The first, there was an old policy that stated if your building closed down and the new office was more than 50 miles away you were granted a WFH exception... — read more
Market Watch 👀
‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Bank-sector stress makes a stagflationary debt crisis more likely and potentially more... — read more
Different names one Company
They always find a brand new name Inautix. Inautix- A BNY Mellon Company BNY Mellon Technology BKT. Engineering . Next is Reverse Engineering.... Meanwhile in Operations the name remains the same but the Leadership Changes new... — read more
Tick, tick, tick, tick
JC and BH are losing sleep tonight. ES was a plant all along.
Working together
Laughable propaganda around working together No matter how many times reiterate their talking points & say how great & necessary it is to collaborate in person doesn’t make it true. I don’t have a single meeting yesterday, today , or tomorrow... — read more
More trimming at Pershing
Soon there won't be anyone left to provide the cr---y service offering. I smell a Goldman sale.
They must get warm bodies in seats to justify that big comp package
They’ve been monitoring badge swipes for a few months now. Your manager gets a report detailing compliance with RTO for each direct report: colour coded, maroon, red, mint, and green, based on amount of swipes per month. Make no mistake, a firm like... — read more
3 days mandatory in office April 10
Just came out of a meeting. Confirmed 3 days mandatory in office bankwide starting April 10 unless you have a full remote position.
With midyear reviews due soon it's important to remember the most important metric....
......badge swipes As a senior manager I am being told to consider potentially laying off the people with the least badge swipes regardless of their productivity. BNY is now a Laverne and Shirley company
Some exaggerate a bit
I have a lot of complaints too because this could be a much better workplace, but I think some people are very much exaggerating…. Do you really think the grass is so much greener elsewhere? If we're going to be honest about it - not really…
3 day a week hypocrites
They shove their disgusting woke political messaging down our throats while implementing Elon Musk business practices
Fed working on Weekends!
Fed working weekends to bail out those 186 failing banks .What's happening behind those closed doors ? Obviously, they are not discussing Sports or entertainment. I hope things are getting sorted in the backend , else Big Banks BNY have to come out... — read more
Anybody knows what the 401K match will really be at the end of next year! I don’t get warm and fuzzies on this ,ove…
@OP No, it’s really not a business plan. But it is what bad management does when they can't increase revenues. Thats why we all have multiple CEOs and MDs and COOs. It’s a plan to drain all of the wealth from the many to the few. Do you think... — read more
Don't do for BNYM what BNYM won't do for you
I know I'm preaching to the choir, but it's easier said than done. I've seen people work around the clock, dedicate too much of their life on a project, etc to fulfill some request that some higher up wanted or some picky client wanted only to end... — read more
Willing to trade Scharf back to you guys for a few 3rd/4th round picks
Sincerely, WF employees
It's their egos
That sustainable spin is for shareholders and wallstreet. This going into the office for no reason is more about egos. Management just making sure you know who is the boss and who is the replaceable peon. Copied from @rys+1lK9mwBQ. Their... — read more