Thread regarding Bank of New York Mellon Corp. layoffs

BNY is a high risk, low reward corporation. If you need to get a financial services firm on your resume before moving on to something better, fine. Otherwise, avoid.

Update:
First, thanks to everyone who responded to my query (good or bad). My other offer came through and beat BNY in total comp. I've declined BNY's offer and am joining the other bank. It seems most people are very unhappy with BNY's environment, and I wish you nothing but the best in your search for a better workplace.

@OP I believe the OP actually recently accepted the SD position however the position is actually based in Pittsburgh (not NYC) in Finance Ops. This post was timed consistent with her LinkedIn post announcing she accepted the SD position. If this is incorrect, then she can correct the record.

Are you planning to retire in a few years, or have you already retired and returned to the workforce? You could spend a few years here, do very little, let your RSUs vest, and then announce your retirement. Good luck!

Run if not you deserve what you get

New SD position in NYC?
When most positions are supposed to be in Pitts, Lake Mary, or Pune?

I'm guessing you're being brought in by someone who joined within the past year or so

The culture is toxic, in a better job market people would willingly flee this place

But does your other company have free Starbucks?

@OP - Now that you've done your due diligence and read the feedback here, have you decided to accept the SD position in NYC? Are you from Goldman or some other large bank? I'm sure many readers here are curious about the factors that contributed to your decision either way.

Absolutely are. It's smoke and mirrors here with blood behind the scenes. Honestly

@OP If you don't mind me asking, which department you were offered a position?

He drank the money koolaid. $ell your soul at your risk, lad

@dc
Honest advice was asked for here.
Honest answers were given.
Why don’t you go away if you can’t handle it.

@d8 Why so much negativity? I am sure that if someone offers you a better-paying job, then you'll also consider the move. Why don't you leave BNY and go elsewhere?

Sr. Director….
Frankly? You are not needed here.
You aren’t going to be managing or directing anything. You will be nagging, annoying and cajoling people and laying off those who deserve a job more than you do.
You will not like it here. That’s a promise.
If you have a conscience or care about being a responsible corporate citizen at all, you will go elsewhere.

Canvassing opinion/answers and then passing it off as your own work and taking credit for it. Perfect Sr Director behaviour for BNY. You’ll go far ‘fella’

More cowbell/senior directors!! It depends on where in the firm you are going, and since you can't reveal that, the answers you get here are mostly irrelevant. One thing that can be said, generally speaking - I assume you will get reports and they will not be a happy bunch.

@br Did you not check in on the state of things at the company where you got the other offer?

If you did and didn't find anything, I would say work with the information you have and take the other offer.

@br 3 years is totally pushing it! You won't be here that long if you accept the offer. Seriously, the first year is a gimme since they give you a hall pass your first year while trying to establish yourself and learning how truly warped the culture is.

After that, expect that whoever hired you will be moved into a new position, leave or be terminated themself.

At that point, you will become a sitting duck for another new Goldman Sachs boss brought in to fix the current dumpster fire.

Ultimately, just as you landed the BNY offer under a sweetheart deal, you too will soon be replaced and put out to pasture. Circle of life. #LifeatBNY, #ThriveTogether

Thanks for all the replies! I genuinely appreciate it. To everyone who is calling it a troll post, it's not. There's no harm in checking your surroundings, no matter what title you are getting.
It definitely sounds like a sh-tshow; my aim is to spend 3 years and jump to the next pasture.

You should have your head examined if you accept the offer knowing what you’ve seen on this forum.

Your time at BNY would be very linited 1-2 years) if you accept the position. Of course you would need excellent connections, an inflated perception of yourself, and you must be highly visible and enjoy drawing attention to yourself when walking the halls and posting on social media. Good luck.

Troll post? If legit- get out. If a troll- get out.

BNY is the most toxic place. Stay away if you can!

Are you joining AI Hub?

I don't believe this is a real post. If it happens to be truthful however, don't join this place. I was a Director who left recently. Smaller company now. Much happier. No place is perfect, but BNY was the worst company of my 20 year career.

As long as you are comfortable with a performance culture that is defined as culling the herd annually and treating your employees like garbage, this might be the place for you. If you have any shred of human decency, take the other offer. Oh and realize you may never get promoted to a MD role unless you are a believer in propaganda and like to tear down others for your own advancement, including pushing you way thru one or more so levels of management with no regerts.

Don’t believe me? Take the role and check back here in 12 months.

I actually think this is a troll post.

I can't believe you're joining at that level and don't know that no one on the internet can answer this question for you. You've given absolutely no information that could help someone give an assessment. I actually find it hilarious that someone hired for such a senior post would be swayed by the opinions of anonymous employees on an internet forum specifically designed to cater to the people who are distrustful and disapproving of management. If you can get hired for the job you applied for, you should be able to vet its fit for you independently of anyone's opinion here.