BNY reviews

They are too obsessed with cost cutting. They fail to understand that if you invest enough in people, technology, and infrastructure, that investment will result in greater profitability. Instead, they prefer to lay people off, provide insufficient funding to get things done, and expect client officers to figure out how to spin this to the clients without revealing the truth that BNY is cheap. Raises are minimal every year. My raises have been about 1% / $1,000 a year since my company became part of BNY Mellon. Thankfully I got really good raises before we were acquired, so now I'm at an affordable income level.

Recent layoffs and cost cutting measures have contributed to extremely low morale and fear amongst employees. A lot of managers are taking advantage of that fear and contributing to depression and high stress levels. Below average pay, 1% raises are the norm and have not been given out in over 3 years. Very hard for employees to get things done because of the many levels of management. Lifers that do bare minimum work and are just sticking around until their time is up. Only very Senior Managers are promoted. Lots of very good loyal and hard working low level employees that have never been promoted and are invisible to Senior Management. All of the recent "employee advancement and diversification programs" are just to keep up appearances.