Two more from my team laid off yesterday. One from India and one from US. I was working on some assignment with them and yesterday my manager told me it’s no longer required as both persons are not with bank any more.

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Posting as :
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Same thing happened with me too. This clown show is very common in BNY ! Glad I left this sinking clown show of a company !

likesmarthelpful

Where they are headed. I can see all the banks more or less same behavior. I would like to know which is safe place where you can plan long term career

smart

Where they are headed. I can see all the banks more or less same behavior. I would like to know which is safe place where you can plan long term career

likesmart

I wish this kind of surprise are no longer continuing from the month of March 2025 onwards ..

funny

Keep dreaming . I heard big layoffs coming in April 2025 !!!

helpful

Hi Mate, Was it from Pershing! Or other?

smart

Expected, Can you please tell me regarding the severance they were offered ? I am working with BNY from the past 2 year and most probably I will be laid off soon, how much months of severance can I expect ?

like


Assuming, severance depends on various scenarios, i.e. If you are in PIP than forget about severance.
If direct laid off, than you might get severance.

Assured amount , you will get of Notice period amount + leave encash + shares amount

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When they tell you an assignment is not required it means the work was not important and only time pass 😆😆. This shows how work is done/ given in BNY . just duplication of efforts with no end goal/ targets ! Not surprised at all !

smart

That’s absolutely true. Most work is going like that in BNY. Where people are not clear themselves that why they are doing it and who will get benefit from it

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Other . BNY Tech

Everywhere it’s same situation in BNY

likefunny

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like

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like

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like

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