Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

Totally wrong resource planning

Instead of them just keep piling more work on us, maybe the management should finally pay some attention to resource planning. It is impossible to overwhelm employees this much and expect them not to leave. I don't think of myself as someone... — read more 

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| 36090 views | | 8 replies (last December 18, 2022)
Post ID: @OP+1kdWqCMi

Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work.

A violinist played for 45 minutes in the New York subway. A handful of people stopped, a couple clapped, and the violinist raised about $30 in tips. No one knew this, but the violinist was Joshua Bell, one of the best musicians in the world. In... — read more 

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| 37440 views | | 7 replies (last December 16, 2022)
Post ID: @OP+1kctIWo3

CEO webcast

What a bunch of BS & fluff I see they are back to constantly saying “act like an owner”. & what a disingenuous response to reducing our retirement benefits. Just vague statements & awknoledgement that it’s to keep people from leaving - however a... — read more 

Mental Health

The right place to work if you are looking for mental health issues. I have never really believed in this kind of thing to be honest until I got to work at BNY in Wexford. It is insane how much pressure they put on you, very poor training, people are... — read more 

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| 35510 views | | 3 replies (last December 13, 2022)
Post ID: @OP+1kaBHCTx

Let's pretend we couldn't see it coming...again...

In May 2020 I posted an article in the Higher Education Inquirer on the last economic downturn. It was the 27th downturn in US history. Remarkably, few could see that downturn coming, a result of the covid pandemic. More than a million people died... — read more 

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| 35710 views | | 7 replies (last December 31, 2022)
Post ID: @OP+1kaFLb3B

I'm disappointed

I joined BNYM a year ago, and I was so excited to start. It was my second job, and I thought it would be an amazing experience. I'm not sure what happened; the last year has been a whirlwind of disappointment and fear. I'm so confused about what's... — read more 

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| 36290 views | | 14 replies (last December 16, 2022)
Post ID: @OP+1k9XO5S8

WOW points inquiry

I want a new laptop or TV for WOWS points that I never used before the pandemic. Did I forfeit those WOW points or can I still redeem it. Not enough money given to me in the role this will help. Will elevate my mood due to this 'drama' and 'stress'... — read more 

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| 37670 views | | 7 replies (last January 12, 2023)
Post ID: @OP+1k7Twy1o

Who is D&A? What do they do?

During my year-end review, I was told repeatedly how it was "a difficult year for D&A" with "many changes to come". I inferred this was bad for me but not sure what team this is. Is this the database infrastructure squad? I asked my manager but he... — read more 

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| 37270 views | | 2 replies (last December 10, 2022)
Post ID: @OP+1k7eaJUT

Raises

How are the raise’s looking bankwide this year?

Layoffs and bonuses

I am not asking for speculation here, so if you don’t have absolute confidence in your statement, don’t make it, please. Used to be, if an employee was laid off during the year, they would still receive a bonus the following year. It wasn’t usually... — read more 

It's nothing more than a paycheck

I find it fascinating that managers expect me to care beyond a paycheck. How can they expect that considering how treated we are? What motivates us to go beyond our job description? It is increasingly clear to me that mgmt is... — read more 

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| 35510 views | | 2 replies (last December 12, 2022)
Post ID: @OP+1k4dMEpD

My Benefit Wallet

Has anyone else had a problem with MYBenefitWallet not sending them a debit card or taking for ever to process an online transaction to pay medical bills? BNY Mellon only the best for its employees...ugh!

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| 37190 views | | 3 replies (last December 7, 2022)
Post ID: @OP+1k2plpND

Retaliatory Quiet Quitting

Financial service workers aren’t organized, but they have other powerful ways of expressing dissatisfaction, ‘quiet quitting’ among them. When a corporation finds cheap labor, it’s called ‘good business.’ When an employee gives less but is paid... — read more 

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| 36530 views | | 1 reply (December 5, 2022)
Post ID: @OP+1k2IAObJ

Pershing needs to get its house in order

Pershing has some serious issues, the first being they have driven the talented people away and all the average to low performers stay. If you are actually a good employee some leaders feel threatened by you. The culture of just rewarding “the... — read more 

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| 41000 views | | 8 replies (last December 11, 2022)
Post ID: @OP+1jZkZPDZ

Reality Check

FULL DISCLOSURE - I am no longer employed by BNYM and I do not care about downvotes. With that in mind, most of you that still work there and frequent this board to complain will still work there at this time next year. The specifics of those... — read more 

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| 42150 views | | 14 replies (last December 18, 2022)
Post ID: @OP+1jZzmxjL

Peaking survey

So they continue to put out the stupid peaking surveys…. Claiming that they want our input. I seriously doubt most employees asked for reduced 401(k) benefits, pending layoffs, and mandatory three days a week in office. Funny how this reduction in... — read more 

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| 42700 views | | 16 replies (last December 11, 2022)
Post ID: @OP+1jYOovH0

RTO 3 day requirement

Hani Kablawi reiterating the minimum 2-3 days in office really means 3 days minimum on the EMEA town hall this morning

401k match will be received the following year!

Email just went out about 401k matches being distributed the following year, end of first quarter for the prior year starting Jan 2023. Just when you think you’ve seen every way they can sc--w you….think again.

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| 46100 views | | 51 replies (last December 27, 2022)
Post ID: @OP+1jX4LaLR

2023 - It’s Going to be a Challenging Year

All signs point to stress in the financial markets hiring will come to a standstill with the exception of key positions. It’s foreseen that layoffs will dominate, which will in tern have a domino effect on adding further stress to the financial... — read more 

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| 39560 views | | 2 replies (last December 11, 2022)
Post ID: @OP+1jXZ5JIY

Let go of the loyalty trap

For some reason, there are people who have decided to remain loyal to this place. Isn't it actually surprising how many are still here out of loyalty even though it is not rewarded through some special work opportunities? Maybe it used to be... — read more 

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| 38620 views | | 4 replies (last November 30, 2022)
Post ID: @OP+1jWJfkmu

Our business model

It seems that our business model is failing again. I remember when we were told when rates rise, we will be golden. Not really seeing that. I also remember when J. Carter Bacot did not want to invest outside of the US. Now we are heavily... — read more 

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| 37990 views | | 11 replies (last December 17, 2022)
Post ID: @OP+1jVZpJ1U

Layoffs?

Layoffs used to happen after Thanksgiving. Does anybody know what’s happening this year?

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| 36040 views | | 4 replies (last December 8, 2022)
Post ID: @OP+1jVRw5bm

Nataile Sutherland Doesn't Get it

No communications experience, running communications and marketing. Guess which side is floundering? Many communications people have left. All the re-staffing happens on the marketing side. She's a nightmare!

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| 33530 views | | 2 replies (last November 29, 2022)
Post ID: @OP+1jU01LtO

Unrealistic deadlines

Unrealistic deadlines are a recipe for a disaster. It's really not clear to me whether our superiors don't understand that deadlines are unrealistic or refuse to understand it!? I tried to communicate the situation clearly and to explain that it... — read more 

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| 35440 views | | 5 replies (last November 28, 2022)
Post ID: @OP+1jR8sTRM

No incentive to transfer internally.

You will get no bump if you take a new job with the same grade. If you were at the minimum already, that doesn’t even matter. We all know if they took someone off the street for that same job, they’d get it at higher pay. Same with taking a higher... — read more 

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| 35070 views | | 8 replies (last December 21, 2022)
Post ID: @OP+1jRMRMCx

This applies to the whole company, not just HR

Stop treating people like they’re human chattel. Give a fair wage for a fair days work. Help people to grow in their careers. Stop acting as though you hold the power because you hold the information. Great organizations lead from the front and don’t... — read more 

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| 33140 views | | 1 reply (December 8, 2022)
Post ID: @OP+1jRcV27w

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