Thread regarding Bank of New York Mellon Corp. layoffs

RTO/ lay off impact

I am being laid off as a direct result of the company’s return-to-office policy. I do not live near an office and relocating without financial support is not feasible. Despite being a top performer, there has been no acknowledgment, appreciation, or even basic empathy from leadership regarding the impact this decision has on me or several of my teammates. And to add icing to this cake, we will not be given severance and we will not be given our annual bonus.This “business decision“ impacts livelihoods- kids, tuitions, rent/ mortgage, etc! So who’s getting richer off of this? RV is.

For anyone considering joining the company, it’s important to understand that people are treated as numbers, valued only for what they contribute to the stock until they no longer fit the model.


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| 24611 views | | 16 replies (last December 17) | Reply
Post ID: @OP+1kch6ca3m

16 replies (most recent on top)

@em yep and there were also people fully remote or allowed remote prior to covid as part of BAU who are now also being forced in. Its all about eliminating headcount so RV can look like hes doing well. They never did this nonsense under anyone else prior

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Post ID: @gs+1kch6ca3m

@dv At the time, did they never say to you that remote was not "forever" and whenever COVID was over, you'd have to come back?

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Post ID: @ge+1kch6ca3m

There were people hired during Covid as strictly remote who were in different parts on the country and not near an office. Now they’re being told either relocate or leave.

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Post ID: @em+1kch6ca3m

@a2 I was hired as a remote employee many many many years ago. There wasn’t an office job posted back then, only remote work.

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Post ID: @dv+1kch6ca3m

Commuting is for su-kers!!

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Post ID: @cg+1kch6ca3m

Same here in Pennington, 2 laid off Friday, just to deprive them of bonus and matching...

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Post ID: @c9+1kch6ca3m

@b1+1kch6ca3m I forgot to add I’m in my third office. The first two closed down.

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Post ID: @b2+1kch6ca3m

@aq+1kch6ca3m There were a lot of higher ranking BAH employees that were let go in the last month or two in my office. They are telling them they are no longer BAH and need to come in or be let go. Some came in and travel 50 miles each way cause their original office closed. Some that I used to work with I heard have 1.5 to 3 hour each way commute that chose to go to their closest office. None of these people were hired as hybrid. They been here many many years. They used to be in full time prior to 2020. I will say from 2018-2020 we were allowed to WFH 1 to 2 days a week and was not tracked except by direct manager. The current BAH terminations all started happening in the last few months.

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Post ID: @b1+1kch6ca3m

@az agree and they are continuing to close locations and forcing staff full remote, to travel to offices and hour away or think someone with a brain would move for them when they have sero loyalty. My building is owned by them and still sits empty two years later while they pick us off a couple at a time. Now sure how tf they think they can get away with it. They forced the status and are now using it against people. Even blocked promotions and everything because of it. RV is the biggest sc-mbag along with every manager under him doing this

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Post ID: @b0+1kch6ca3m

@a2+1kch6ca3m For someone who works here to have this response is crazy. Either you don’t work here or are so new or in some kind of bubble where you don’t see what’s been going on for the last 10 years and ramped up in recent years. I only ask you to wake up! If you aren’t in a growth site what do you think happens when non growth offices close? They keep ppl on as WFH until that model doesn’t work for BNY. But they still should be given a severance since they were put in that spot by BNY. I so wish I took the severance when this started 10 years ago. This CEO is way more unethical than the last. And I thought he was bad too!

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Post ID: @az+1kch6ca3m

If you were hired as a hybrid worker then they would require you to be in office. Hired or forced Bah worker, would show you exempt in the system from the rule so it sounds like you were hybrid and expected in office since no accommodation appears to have been made. Unless you have proof otherwise to challenge it

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Post ID: @aq+1kch6ca3m

Terminations due to RTO are automatic. It doesn't matter how much management argues on your behalf. Violations of RTO are absolute.

The bank makes no secret just how little empathy it has. The time for management to work with you was whenever circumstances triggered your WFA needs. And when they resisted helping, should have seen the writing on the wall.

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Post ID: @ak+1kch6ca3m

@a5 If your example was true, the OP wouldn't have been "laid off as a direct result of the company’s return-to-office policy" as they'd be based at home for at least the interim. If they were being laid off because of it then they'd also likely receive some severance. Please think before posting.

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Post ID: @aj+1kch6ca3m

@a2 how about why was the job was offered in the first place? Come on.

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Post ID: @a6+1kch6ca3m

@a2, possibly, they closed the office that @OP was working in and the nearest office now is too far to commute to.

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Post ID: @a5+1kch6ca3m

Respectfully, why did you take a job that is not within commutable distance of where you live?

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Post ID: @a2+1kch6ca3m

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