Thread regarding Bank of New York Mellon Corp. layoffs

BNY’s Age Filter Is the New Corporate Stress Test

Comments on this forum Ageism is real at BNY, as commenters describe it like a corporate stress test where leadership keeps turning up the heat to see how much fear, uncertainty and doubt the workforce can tolerate. In literal and legal terms, age discrimination means targeting workers forty and older for reduced opportunities or termination. Inside BNY, the pressure starts in the forties, becomes a flashing warning light in the fifties, and turns into a countdown clock in the sixties. The message is clear. As your career matures, leadership sees you as a cost to eliminate rather than a capability to leverage.

This behavior is not just bad management. It is corrosive to employees’ mental and emotional well-being. When people learn that tenure, knowledge and loyalty are liabilities, they stop trusting leadership, stop believing in the mission and start bracing for impact. It is also bad for business. Purging experience weakens judgment, slows delivery and erodes client confidence. And it is bad for society. Companies that treat seasoned workers like disposable parts contribute to instability, insecurity and a culture where careers have an expiration date.

BNY’s age bias exposes the gap between its public image and its internal reality. Awards like America’s Most Innovative Companies, World’s Most Admired Companies and Most Just Companies imply a workplace that values people. Yet the internal signals suggest a company that values churn, cheap labor and short-term savings.

Experienced workers do have protections. Document patterns, save emails, request written justification for role changes and consult employment attorneys who specialize in age discrimination. When leadership de‑values experience, the law becomes one of the few instruments employees can rely on but only after hiring a good attorney. It's sad when employees have to resort to their own legal tactics to defend their career and lifetime dedication to the company while leadership and institutional confidence continues to go even lower.


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| 174 views | | 9 replies (last 21 days ago) | Reply
Post ID: @OP+1m5cy3q24

9 replies (most recent on top)

@e6 doing it right? If I worked 19 months and you let me go, I deserve 10 months$ not zero.
This place does nothing right.

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Post ID: @k4+1m5cy3q24

@e6
Yeah Vito, but this place isn’t doing this as right as it should. The 401K match being held until the beginning of the following year costs people investing and dividends. They are exploring ways to incentivize this too. Imagine not getting a match by not getting a full ‘meets’?

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Post ID: @en+1m5cy3q24

The one thing this place does right is the 401k match. Make sure you’re taking advantage so you can help protect yourself if you’re over 55 (the rule of 55) and get let go/terminated.

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Post ID: @e6+1m5cy3q24

@b3
Nearly 25 years and a salary that low?
You’re not very bright or ambitious.

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Post ID: @br+1m5cy3q24

@ad is obvious they are doing this but that’s crazy they actually gave you those direct orders. I certainly believe it. They purged me and many others I know. I did threaten them with an age discrimination suit and some other things. The threat alone was enough for them to pay me for a year without actually filing with EEOC. Sounds like you could blow the lid off of this if you want to and are able. What a disaster!

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Post ID: @bk+1m5cy3q24

@ar

Not necessarily. I know many tenured people here making far less comp than new “young” hires. Been here almost quarter of a century and only making 100k. New people joining the same team are coming in at 125k or higher.

As for higher medical costs, I’ll again disagree. Younger new hires have babies or get injured more often by nature of being more active in sports and other activities. As an old head at the age of 47, I only go to my pcp two times a year.

We don’t get more vacation time any longer since they changed the policy.

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Post ID: @b3+1m5cy3q24

At BN-Lie, it isn’t that your age as the single definitive element in being s..t canned. It is your cost and location. It just so happens that many workers who have salaries over $175k and much higher, are usually people who are older. It just so happens that people who are older, also cost more in terms of medical , dental, vision and insurance. The 401K company match for full contributors is also a big ‘no-no’ to this management team. These People also get more vacation and sick days. And these people are also more prone to down time. This Goldman board also doesnt like people with families, children and religious observationists either. If you were 57 years old, single and making only $26K a year with just 2 weeks vacation you would be a better deal than most Indians. Soon, even India will start getting culled for cost.
This top of the house is out of ideas, talent and plans. Wiping out payroll and benefits is the only way. Older, more established people become firewood. At a big cost to clients.

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Post ID: @ar+1m5cy3q24

I felt this. I was working towards a promo to SVP, and was told it was a 2-year track. I was given clear goals from both a program and professional development standpoint. I hit every mark, and made sure to raise during mid abd end year conversations. By the end of the 2nd year, I didn't get the promo and I was crushed. I was simply told that it was out of my direct manager's hands, and they fought so hard for it. At the time, I was 46.

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Post ID: @a1+1m5cy3q24

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