Going downhill fast - Anonymous employee BNY Employee Review

2.0
Feb 22, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Mellon was a fantastic place to work, and continued to be even after the merger, under Bob Kelly's leadership. It was a culture of education, accessible senior management, very customer focused, and a flexible work environment. Everett itself was a happy place to be where everyone knew each other and would collaborate and share ideas.

Cons

The last 3 years things went quickly downhill. Every cost cutting measure has been directed at employees - benefits, bonuses, pay, perks. Supply freezes, increased prices in the cafe, taking away everyone's personal printers, making employees use their personal cell phones. You can't get blood from a stone. Lay-offs are now a monthly occurrence so you need to get used to a very nerve-wracking culture of unmotivated and frightened employees. My last manager at BNY Mellon was very hostile towards the staff and several employees walked out after the last round of lay offs due specifically to her behavior. A formal ethics complaint was filed but was never followed up on. I only hope someone will finally see what is happening and bring in leadership who actually knows how to lead.

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5.0
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Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

3.0
Jun 30, 2026
Recommend
CEO approval
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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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