I'm curious about the people who were actually laid off by BNY. How old were you when you were let go, and how many years had you worked here? I'm not trying to draw conclusions from a handful of stories, but I'd like to see what people are reporting. There seem to be a lot of different theories about who gets selected.
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28 years and 54 yrs old. Not one negative review, annual or midterm. None of it mattered. Fired for "performance", even though there were no indications and all performance objectives were met. And fired means no severance. 28yrs. Nothing. The place is a sh-t hole. Do not dedicate what little time you have on Earth to this place. If I could do it over again, I would have left years earlier when the opportunities presented themselves. Instead I dedicated my career to a place that ultimately didn't give a $hit about that and made up some BS to justify not paying me. Fvck em. Truly. I'm much happier now and a different place.
I was laid off in the last round. I’m 55 yrs old and worked for BNY for 21 years. I honestly thought I would be able to work with the company until I could retire. Su-ks to be me for being so naive.
59 and 12 years
45 yo. Slightly more than 20 years. People came to me when Eliza couldn’t answer their questions, but I was in the wrong role (not client facing) and the wrong location. My LOB fought it, but location strategy is coming from higher up.
@OP 64, 40 years
Employed 29 years, laid off at 60 years of age. I don't miss any of the Horsesh_t...at all.
54 YO with 15 years at bny. I don't think it was agism as much as that most employees here are old.
I was 58 and was let go after 12 years
45 years old. Worked there for 23 years.
- 63 yo, 14 years
57 years old and worked for the company almost 35 years. Definitely ageism
@r2 Well, our CFO, Legal Head and Executive Vice Chair are all well north of 60. In fact, one of them who is closely associated with the failed Wove experience, is almost as old as the biblical patriarch, Methuselah. To our HR stooges trolling this forum: you might want to take a closer look at this group in compiling the Q4 hatchet list.
Meanwhile the exec committee are mostly all old.
In a recent group laid off in US all in the division were in their early 40’s to late 60’s with an average age of 50. They were replaced by new college graduates including several with no business degrees and new hires in India.
Absolutely ageism! Company s*ucks. Hope it burns to the ground with all its cronies!
Simple way of putting things.
The Bank of New York Su-ks.
Laid off at over 60 years of age and with more than 35 years of service to the company, I’ve had the opportunity to see what this organization once was and what it has become. In my opinion, the merger between The Bank of New York Company, Inc. and Mellon Financial Corporation destroyed what was once a great place to work in Pittsburgh; a place where employees could take pride in their work and in the company they represented. Between New York management and Pittsburgh managers more concerned with gaining favor with their New York counterparts, the culture that once made this company special has been lost. It’s disappointing to see what was once a source of pride become something so far removed from what it used to be.
OMG!!!
I have been here 18 years (53 years old) and definitely heard something last month I wasn’t supposed to. I was in our document room in the back and two managers came in. I was quiet and they could not see me and did not know I was there. The one said to the other “time we let the geezers all set sail. That and we have to farm out simpleton tasks to the old Mecca in India. They are just happy to have some income over there!” They both started laughing. The other said “too much deadwood old people here. We are not a retirement home. Give me your young, your Indian people, your cheap labor.” Both laughed again. After a minute or so, I stepped out and started walking toward them. They had looks of total shock on their faces. It was priceless. However, since then, both have been cold and distant to me. I feel very bad vibes. The writing is on the wall.
48 and 23 years here. Getting the boot soon because im forced to work full time from home while my office sits empty not far away
Last year at 63 with 44 years in, but I requested to be let go.
Took about 9 months from when I asked until it happened but at least I got full severance instead of just leaving on my own and getting nothing.
was laid off in 2023 after 33 yrs. This was voluntary and I left with the full pkg, 1 yr of health benefits and was able to collect social security as well. Best move I ever made as the writing was on the wall where the company was headed.
48 years old, with BNY for close to 25 years (EMEA).
48 years old and with BNY for close to 25 years.
After reading Moneycontrol’s headline, “Panic attacks, 14-hour shifts & abuse: Genpact techies allege toxic work culture, company reacts,” I was reminded of similar management behavior I experienced over years in BNY’s WSE and Trading teams in Jersey City. In my experience, these issues persisted, while the managers involved appeared protected from accountability. Workplace culture and management accountability deserve serious scrutiny.
These stories sm--k of ageism and age discrimination as a targeted category. There’s no coincidence here. It’s everything we’ve known and expected.
43 years of service - age 63
Early 50’s, 26 years for me. Sounds like a common theme. That said, I wouldn’t put it past them to go after anyone regardless of age.
31 years of service and 59 years old.
Was let go.
Retired comfortably now and have a new and better purpose in life- My family, staying healthy and taking care of my dog and cat and letting them take care of me.
I gave a lot to this company and made a daily difference by delivering excellence.
I feel sorry for those left working here now. Because working hard and delivering doesn’t matter. Only your cost and location does.
This company is headed for a bad end. How to tell? Well, when people are miserable and not treated well, it always ends badly.
My advice to younger people, invest early and as much as you can. Save your money and never trust a big company to take care of you. If it feels wrong and bad, don’t put up with it.
24 years , 55 yo
47 laid off after 15 years. RV should have been mauled by a tiger on his safari.
50
26 plus years
The absolute best thing that ever happened was getting relieved from 60 hour work weeks, getting calls early AM and late PM. Getting calls on holidays, weekends, and when on PTO.
If your 45 and over your not.wanted
Its varying but alot i know gettjng clipped have been here 20 plus years. Ages vary from late 30s and up and for random bs reasons including forced wfh while the bny owned building sits empty for 4 years. Robin needs to go asap cause hes ruining morale, careers and ok with letting go of knowledgeable people to keep mo--ns and highly expensive locations. Complete mo--n
@bt bless you. Glad you found your next gig.
After 26 years and at 64 years old, my time with the firm came to an end. With just three years left until my FRA, I struggled/resisted to adapt to the new Platform Operating Model's heavy bureaucracy and rapid AI integration, preferring the status quo.
Taking the severance package wasn't the end of the road, though. The transition to pure retirement felt a bit too quiet at first, but thanks to company-paid Series 7 & Series 63 certifications, I was able to pivot into a part-time consulting role with a mutual fund company. It turned out to be a blessing in disguise.
@OP 48 years old and had been there for 19 years. Yet another case of getting a great review, but a fabricated 'did not meet expectations' and terminated instead of laid off and given a full severance. A couple months shy of what would've been 20 years. You stick around with a company for so long and are a good employee, you think your job is safe. They decide your services are no longer needed, they should lay you off, not fabricate your performance rating and fire you so they can save on severance pay. Many years of promotions, exceeds expectations, recognition awards, moving between teams to fill in the needs for the company. Unethical.
30 yo, 4 years at BNY, exceeds expectations previous review cycle, position was eliminated. Best thing that happened to me; toxic company.
@OP almost 63 years old, 24 year employee. Happy to be gone.