Topics regarding layoffs at Bank of New York Mellon Corp.

Topics regarding layoffs at Bank of New York Mellon Corp.

No time to do all the work?

What do you do when you have so much to do and you don’t have enough time? This has become a huge source of stress for me and it used to happen that I have very little time to do the job even before, but now it happens so frequently that I just... — read more 

Conflicts among employees

When was the last time you had a conflict with colleagues? I am not a confrontational person, but some colleagues are often in conflict and this makes me very uncomfortable when I am in the office. As far as I've noticed, a common reason for these... — read more 

Bonus 2022

Is it time to lower expectations yet? Spoiler: probably.

What's the point of quitting now?

So many people are either quitting or saying they will quit as soon as they have an alternative and I just keep face/palming every time I hear/read about it. BNY Mellon is on a RIFing spree. People are being laid off nonstop. Those people are walking... — read more 

Sick Days & Nepotism

My manager threatened me last year that if you take a sick day (NY state has 5 sick days entitled) you will not get any raise or promotion and I can even promise bonus. I was given no raise due to 1 sick day I took in 2020. He was brought in by... — read more 

Reply All

It really isn't that difficult to comprehend when & when not to use the reply all function, but for some reason BNY Mellon is full of mo--ns that lack such comprehension skills. If the company would have adopted a policy to automatically rate... — read more 

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| 60760 views | | 5 replies (last May 14, 2021)
Post ID: @OP+1aPocGDP

Looking for a new job internally

How did you inform your boss that you are applying for another position? I am afraid that I will not get a new job. It might ruin our relations and so I risk being a very easy target on the list of some possible future cuts. What is the safest... — read more 

When is it really worth leaving?

Let's be realistic. I’m not saying BNY Mellon is an ideal place to work, far from it, but such a place certainly doesn’t exist. I made a rushed decision to resign and now I regret it because I went through the great stress that each new beginning... — read more 

It is becoming impossible to do a great job?

I have always been a perfectionist when it comes to work. I love my job and I try to do it as best I can... or so it was until recently. Due to the amount of work I have to do now, I can no longer think so much about high standards and doing great... — read more 

Personal belongings

Laid of from BNY in January. They still haven't given us a plan to get out personal belongings from the building.

Why are we stuck in the past?

Why is this place so stuck in the past? Why is any out-of-the-box thinking not just discouraged but can affect a person's career adversely? It's been obvious for years that the way things are being done is not working. Still, the management is doing... — read more 

401k match catch-up

So the bank has a policy that if you max out your contributions early in the year, and thus can’t contribute later in the year and get the accompanying matching BNYM contribution, they will do a “catch up” payment on your behalf. My question is, do... — read more 

Diversity Fail

They can’t find diverse staff because they aren’t willing to look harder. Below expectations!

Almost no life outside of work

When I first got a job here, I found the new colleagues a bit funny because they seemed to have absolutely no life outside of work. Over time I realized what the reason was. I was never overly ambitions, but the accumulated stress and being... — read more 

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Post ID: @OP+1aJivE2W

3 C’s

Don’t take everything negative about this company, think about the lesson it gave you and most importantly 3 C’s Choices Chances & Changes You must make a choice, To take a chance OR Your life will never change This company is giving you a... — read more 

Things to improve

The competition is better at some things and worse at some others. What would you fix at BNY Mellon to rise far above the biggest competitors?

Do you know anybody who has quit recently?

Do you know what the procedure was for them? Did they have to give their two weeks notice? Is that even necessary? I'm planning on quitting but I haven't found a new job yet. Once I do, I need to know when I can tell them I can start. I'd like to be... — read more 

Do not sweat if you got laid off

It’s legit one of the worst places to work, and I’ve worked at many. If your boss was as awesome as he/she thinks he/she is, he/she wouldn’t be working at BNY Mellon. Joke is on them. I and many of my colleagues got better paying jobs after leaving -... — read more 

The same problems constantly reappearing?

I see no strategy from my bosses, they are generally BNYM lifers, lacking ideas, deep into the technical details they know how to overcome problems when they arise but don’t know how to plan a route to avoid repeat issues. I have no other... — read more 

Fear Culture Anywhere Else?

I used to work in Risk and there is a HEAVY fear culture there to the point where both myself and colleagues began to suffer high blood pressure and anxiety attacks. I’m curious if it’s like that everywhere or just this department. Shocking that they... — read more 

Change baby change!

If you don’t change, you don’t grow. If you don’t grow, you aren’t really living.

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| 45630 views | | no replies yet
Post ID: @OP+1aADyQM5

Early retirement

In my two and a half decades in the workforce I had to deal with the great recession, the onslaught of H1B visas, outsourcing, and now finally the pandemic. I remember I used to have plans of early retirement so that I can properly enjoy the many... — read more 

I can't understand this

I can't understand why we keep hiring people at the same time layoffs are happening? Yes, I know that people being laid off earn more than those being hired, but when you calculate in the loss in knowledge and experience – which affect productivity –... — read more 

BNY Mellon is a company full of burnouts

The culture is absolutely abysmal, especially in Pittsburgh. When I was there, I would look around and see people everywhere suffering from emotional exhaustion. These were barely functioning human beings. The longer the tenure, the more the... — read more 

Promoted, but not happy

Has anyone been in a situation to get promoted without liking a new role? That is exactly my case. I wanted to be promoted for a long time, and then when that finally happened, it turned out that I didn’t like the new role. It’s generally a... — read more 

It’s time to move on

I have no love lost for the bank. I was an embittered employee that was laid off last year. I held on to that bitterness for months but eventually I realized that it did me no good. For the sake of those who are still employed I wish nothing but the... — read more 

SUB eligibility?

How does BNYM know if you get another job? I really want to make them pay me every last penny.

Feeling energized by your job?

Recently, my colleague who was passionate about her job resigned because she completely lost motivation for both her job and for BNY Mellon. On the other hand, there are a lot of things that have also started to bother me a lot here, however, I love... — read more 

I don’t even know if I’m still employed

I am currently a BNY employee and was told that there is a good chance I won’t have a job here going forward. But They told me I might depending on how the year transpires. So essentially if I play my cards right I still might have a job (keep in... — read more 

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| 48830 views | | 4 replies (last April 22, 2021)
Post ID: @OP+1at6LmSe

Playing with people's lives

What's the point of hiring somebody just to lay them off less than six months later? Our team desperately needed help after many layoffs decimated us and we (shockingly) got it in October. The guy was young and had little experience but he was... — read more 

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| 50230 views | | 7 replies (last September 22, 2021)
Post ID: @OP+1atuJK9V

Do you manage to get enough rest?

When I describe to friends my work day here I can hardly believe how bad it is. However, it is no longer a problem that I spend my working day under so much stress and being overwhelmed with work, but that when I have a day off I simply can't get... — read more 

Why would you want to get a layoff?

I would very much like to go to another company, but not by getting laid off here so that then I have to accept the first option that is offered to me. However, there are a lot of people who have been telling me lately that they would like to get... — read more 

Severance package

For the people who were laid off earlier this month: what kind of severance did you receive? Is it the usual package or have there been any significant changes to it? I know that many companies have used this opportunity to cut down severance and it... — read more 

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