After 18 years here, all I can think about is being laid off. That's it. Just praying to be let out of this prison with a safety net. There aren't many available jobs, but I'm confident I'd be able to find something within a few months. I just don't want to do them a favor of leaving without them paying me to do so.
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@vb based on what i hear as a manager its varying. Everyone appears to be doing their own thing which makes zero sense. Right now all this place is looking to do is find any reason to mark you below expectations to not pay you anything. Everyone should be worried at this point
I was about to quit until I got wind that Frayman quit to replace Newman on Seinfeld. Now why would I ever leave now.
The Bank went down after I quit and they could not replace me.
That’s the real story.
@vb I haven’t heard of them changing the 2 weeks per year of service rule, but now that it’s paid in a lump sum they tax it 40%. 22% fed, 9-11ish% state (if your state withholds) and about 7% for Medicare/FICA
Any talk of them reducing weeks for Severance? I’m very nervous as I will need that to survive.
I thank my lucky stars too. I was let go in Feb of this year and received 51 weeks pay. I want to be mad at the id--t manager that let me go. But that was the best thing anybody ever did for me! I got a job paying 40% more a year and zero office politics. F U Bony and thank you at the same time!
I was in a lay off round earlier in the year and thankfully received my severance (about 40 weeks worth). I was worried about the whole PIP/forced rating but luckily they let me go before any of that messed up my stuff.
How’s it even possible to get severance these days? Based on comments here it’s PIP’s followed by layoffs with no severance or max 2 months.
I received my severance but still wish I had the courage to not sign it and take them to litigation for age discrimination.
I worked hard and never had a bad review in 30 years.
I wish Karma on those 2 sc-ms.
@a5 That's pretty much all American corporate culture anymore
Yes but “layoff with severance” aren’t words that get used in the same sentence anymore at BNY.
I was made redundant after 15 years, received my severance and jumped straight into a new job. Honestly, I should have done this five years ago when things were beginning to go downhill. I’ve got better pay, the work–life balance is amazing, the prospects are great, and I’m now in a much smaller financial institution where the company spirit is fantastic. That’s when you realise that working for a company with a genuinely great culture shows you everything you had endured before and just how wrong it all was.
They are adding some additional rules in 2026 that you need to look out for,
non-matching socks and/or an untucked shirt are immediate grounds for dismissal for cause.
@OP make them pay. Just dont give them any reason to terminate and they are absolutely digging for anything. This place has zero loyalty to its long time employees
So true. I dream of being laid off with severance too. I can’t take it anymore. Of course I’m scared of them finding reasons to terminate instead of layoff like: ooo you only did 51 hours of total weekly training instead of 52.
Absolutely agree. I’ve got 6 years on you and I would take severence, run, never look back or talk to anyone here again. BNY has become a horrible, demotivating, thankless torture to spend time in. Our poor excuse for leadership talk endlessly about culture and this is really what it is now. It’s a bunch of people who despise working here and do it only to pay bills to live until they can retire or find something else. AI is not going to help this place one bit. It’s brute force under brutal leadership. And… it is unsustainable. There is too much management who are too many inferior people from other inferior orgs that come here and do nothing except nag and brow beat teams. There has to be a merger ahead because the depth and brain power of this place is flat. When you have people praying to be laid off with severance as a desirable future state, that is pretty telling about the culture.
Or… lack thereof.