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.

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5.0
Jun 5, 2026
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CEO approval
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Pros

Great company match at BNY

Cons

In the office 4 days a week

3.0
Jul 18, 2026
Recommend
CEO approval
Business Outlook

Pros

Some of the internal platforms have dev teams that would rival any other tech company. Can learn a lot if you end up on one of those teams.

Cons

Completely crap shoot as to if you land on a good team or a completely incompetent one. If you're on a bad one good luck. On a bad team you can expect vague work requirements and huge work loads with unmanageable delivery timelines. Also they're outsourcing to India heavily. Also also, most senior management is completely out of touch with reality and don't understand the tech stack they own (more you interact with them the more frighteningly obvious it becomes). HR is completely incompetent, of course, it's an open secret at the bank.

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