inhumane HR policies - Anonymous employee BNY Employee Review

2.0
Aug 31, 2013
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

very big, following BNY/Mellon merger of 2007

Cons

Quick to lay off the most long-standing employees to save money. Now have separation policy whereby laid off employees can't work while receiving separation pay -- otherwise they forfeit it. This harms those most who gave many years to the company (they are of course usually the oldest also). So, a double case of age discrimination.

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5.0
Jun 18, 2026
Recommend
CEO approval
Business Outlook

Pros

Amazing benefits, good work environment and good work/life balance

Cons

Raises do not keep up with inflation

4.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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