The overall atmosphere, the way teams are managed, and the direction from the top just keep declining. There's no big, single event to point to, but the slow grind of it all is wearing. You notice it in every new policy and in every decision that seems disconnected from the actual work. This place has changed so, so much in recent years, and none of it for the better.
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Oh it’s definitely not just you. This place isn’t ‘getting a little worse each year’—that would imply a pace you could actually track. No, no… this is a daily, micro‑dose, slow‑motion freefall. A sort of organizational erosion you only notice when you look up one day and realize the cliff you were standing on is now a charming pile of gravel.
Every new policy feels like it was drafted by someone who has only heard rumors about what we do here. Every decision from leadership reads like they spun a wheel labeled ‘Confusing,’ ‘Contradictory,’ and ‘Why?’ And the atmosphere? Let’s just say if morale were a stock, it would’ve been delisted for catastrophic underperformance.
We’re not witnessing a decline. We’re passengers on a very gradual, absolutely unrecoverable corporate nosedive. Tray tables up, folks. Heads down, stay down. Brace, brace, brace!
I would be OK with 2 percent raises if that is what they were across the board. At the same time, RV got a 28% raise. If you don’t believe me, you can look it up on the internet.
Poor DM took a pay cut every year for the past few years, although when one makes north of $10mm it’s hard to feel sorry (again, it’s on the internet).
So for those making $80K with a 5k incentive payment, think about those increases that you are seeing vs our Exco. Former leadership would forgo increases to allow our employees to get one. They were true leaders and cared about the company, not the money the company paid them. I don’t think there is any going back. : (
@ea I worked there over 3 decades. Ever since Mellon and BNY merged, raises were never more than .02%.When it was Mellon, it was great. They took care of employees and it was an honor to work there. Get out if you can. Anywhere is better than what this place has become.
Not just you. Its the worst i have seen it in my 20 year career here. Since RV and the fools under him stepped in , its gone to sh-t so bad and getting worse. They think they know whats best when they have no clue what most areas do below them for their processes. And only way they can show increased revenue is by sh-----g on employees by cutting head count or over shoring to those clowns. We all know they dont have new business coming in and are losing customers. Its pathetic
Too many directors and above and not enough staff to do the daily work. With all the retirements and cutbacks, there is plenty of savings to add staff personnel. Also, if we are being told that everything is so great, why are salary increases only in the 2% or less range? With low raises BNY is not a place for young and VP staff personnel - you'll never make enough money for buying a home, raising a family or to save for retirement. Raises at government jobs may be higher.
Slowly losing different sort of benefits is one thing. Most of these didn’t happen overnight. But ask yourself - during my day to day processes: have there been any quality of life improvements? The answer is almost always no. System enhancements usually don’t deliver what you expect and there is more red tape which slows down even the most simple things. Even calling the help desk isn’t as simple as it used to be.