I would have remained at BNY if it weren’t for the fact that they gave very little opportunity for growth. Despite earning a salary that is below industry standards and a workload that can bore you to tears, I felt that I could be an asset to my... read more
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Topics regarding layoffs at Bank of New York Mellon Corp.
It’s sad when some of BNYs management team aren’t willing to help nourish some of the most talented employees that I’ve had the pleasure to encounter. Most input from staff members falls on deaf ears, and their skill sets are wasted because of this... read more
But things are picking up now
Redundancies, RIFs, Layoffs, Job Cuts, Surplus, there is a ton of names for pink slips but do you really think that we'll be affected here in NYC.
How many times do we need to be surprised by executives - do you think that we might have job cuts in corporate again - here in NYC.
On 4/23/2016 in the Westborough MA office, the Asset Servicing Systems department laid off 18 employees, including 2 managers with over 25 years at the company. Given exit packages and shown the door with an hour of arrival for work on Monday.
What do we know so far?
In early 2016, there were wide contractor layoffs - some contractors who has been there for 4 yrs or longer. All contractors terminated under parts of HR. And progressively through 2014, 2015, and finally, 2016 they laid off the internal... read more
Well, their new Furlough the Contractors two days with every holiday smacks of money trouble. If you're a contractor, consider whatever rate you're being pitched when converted to a yearly salary and then knock about 10-15% off that, give or take... read more
What is the likelihood of Bank of New York Mellon layoffs in New York in 2016? Please let me know if you have any information.
That is his entire career at BNYM. No concern over experience, quality service or loyalty to employees that have built the business line and reputation. Sorry BNYM but it has been a downward spiral since Bacot left. The successor CEOs have been more... read more
Now that the "we can cut our way to growth" strategy has failed. Management has decided the easiest way to reduce the expense base while fixing their diversity and age and stage problem is to simply get rid of the 50ish white guys. If you are in that... read more
Just look at what is happening with other financial sector companies, everyone is shipping jobs overseas, why would we be different. Banks are closing branches as more folks are banking using mobile devices, tablets and computers, there is less need... read more
Cannot complain Mellon is top notch
I heard that the investment banking side is going to be hammered in next few months. Melon has done it before and there is no reason to doubt that the executives will be moving swiftly. I think that if things continue to be like this our bonuses will... read more