Layoffs

Bank of New York Mellon Terminations/Layoffs

Have you been affected by the current layoffs, terminations, firing, or restructuring of Bank of New York Mellon? If so comment below and let the community know what is going on inside the organization.

Current Confirmations:

No information on current layoffs available.

 

About Bank of New York Mellon:

 

The Bank of New York Mellon Corporation, which does business as BNY Mellon, is an American worldwide banking and financial services holding company headquartered in New York City. It was formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation. It is the world’s largest custodian bank and asset servicing company, with $ 1.8 trillion in assets under management and $ 32.2 trillion in assets under costody as of December 2017.

Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Aaron Burr and Alexander Hamilton. Mellon had been founded in 1869.

 

Categories: Layoffs, Standard

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  1. Charlie has only been running things at BNY Mellon for a short time but in that time, he has excelled at showing how much of an asshole he truly is. Charlie only cares about money, not the shareholders mind you and certainly not the employee’s that work so hard day in and day out. He only cares about his own money, his pay, his bonus and all his other perks. Charlie has introduced new off the wall policies, including the elimination of based at home employee’s while cutting way back on the number of employees that can work at home at all. On top of this he has forced all managers to rate 10% of their staff below expectations, regardless if they deserve it or not and then he uses those individuals as part of the next layoff. On top of all that he now has the management team running in circles trying to reduce levels within the organization so that we end up with a structure that makes no sense and does not allow us to effectively support our clients. He does not have the support of his direct reports, but unfortunately, they have lost control of things and Charlie is operating like a one-man wrecking crew, hell bent on destroying a 200+ year old company.

    We as employees pray that the board recognizes their mistake and corrects it as soon as possible. We have no confidence in him as our leader and the board of directors needs to act to get this great company back on track. I urge all employees current and former to write each and every board member, urge them to correct what has turned out to be a very poor decision. Let’s take our company back!

    Let’s get this trending! #noconfidenceinscharf

    Like

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