Company going donwhill - hostile work environment under CEO Gerald Hassell - Anonymous employee BNY Employee Review

2.0
Aug 11, 2014
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

BNY Mellon was previously a fantastic company with strong values and a true client service focused atmosphere. I was proud to work here. Line managers allow you to take on many special projects so that you can grow both personally and professionally. Flexible work arrangements here are second to none.

Cons

The company has changed dramatically over the past year and more specifically since CEO Gerald Hassell took over for Bob Kelly. While cost cutting measures are critical to our stability and growth, employees are paying the price for expensive acquisitions that have not seen the ROI we expected. Employees have seen bonuses eliminated, Health Insurance benefits go downhill, a freeze on raises, a freeze on even managers buying coffee and donuts at a meeting. Employees have to use their own personal laptop and cell phone and travel to meetings with no reimbursement. Job "restructuring" singling people out for demotion. This is the nightmare we heard about that was the culture at The Bank of New York and it is now being revisited.

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5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

3.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

After the latest re-structuring and going agile, I don't find any. But before, a stable bank with a good book of work. Positive environment with support from your colleagues. Industry standard medical plan and vacations.

Cons

Bonuses and salary raises are hugely dependent on who you know in the senior management and how they perceive you rather than what you actually delivered.

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