Layoffs twice year - Beware - Architect BNY Employee Review

1.0
Sep 26, 2018
Recommend
CEO approval
Business Outlook

Pros

Good Benefits. Decent work / life balance for most.

Cons

What they are doing is unethical! Stay away if you can. Management is told to lay off people twice a year. Each person on the team is graded against each other. The people with the least amount of experience and/or less face time with management are targeted for layoffs. Then employees are replaced by cheaper offshore contractors.

Explore other reviews about BNY

5.0
May 6, 2026
Recommend
CEO approval
Business Outlook

Pros

Large company with internal mobility options

Cons

Very siloed divisions across the company

2.0
Jun 10, 2026
Recommend
CEO approval
Business Outlook

Pros

Benefits are ok, sick and PTO time are good.

Cons

Got hired at a certain salary and was told that with all the OT I would be allowed, I would be at where I needed to be with my salary. 6 months in they took OT to a minimum. Promotions and raises are pretty much nonexistent. Everything is getting automated and/or being given to India. Hybrid but forced to be in office 4 days

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