Too many org changes and stagnation - Senior Associate BNY Employee Review

2.0
19 Jun 2019
Recommend
CEO approval
Business outlook

Pros

Pay is decent for the level and there are some good people to work with and be around.

Cons

Constant re-orgs leading to mass layoffs each quarter. No one knows what they want to do and nobody can make up their minds. When it comes time to actually making decisions, instead of leveraging the talent they have, they lay everybody off and hire from the outside...new employee onboarding was basically non-existent. There were previously 10+ layers in the organization so barely anything got done and messaging from top-down was also non-existent. There are so many old and manual processes and nobody ever seems to care how outdated they are...all talk and no action. So many workarounds and “excellence programs” in place to provide structure but in the end actually creates more duplicative work and lots of discrepancies. They think they are super innovative and act like a technology company but it’s all just a facade. Employee engagement and morale is low and there is an extreme culture here where it’s more important to show face than it is to get things done.

Explore other reviews about BNY

5.0
21 May 2026
Recommend
CEO approval
Business outlook

Pros

Good work environment and people

Cons

Difficult to switch roles or departments

1.0
28 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Job only as good as immediate manager. Salary is Ok ish Benefit options are ok not great.

Cons

1) Retaliation is a way of life at this company going back to 2018 and becoming worse since 2) Mid level managers are very efficient at passively insulting the Teams they are responsible for. 3) It is nearly impossible to advance in the company. 4) When you try to post to another department - your Mid level manager will do the best to stop you from advancing. Some have close friends in HR that will even have you submit a new application in an attempt to accuse the other department of recruiting you. I have experienced this. 5) The only way to increase pay and experience is by leaving the company. 6) It use to be a culture of lets help others when there is a problem, now it is lets find who to blame for upper mangers rushing a project before all risks are identified. 7) If you are taking a new Job - professionally push for higher Salary once you are in raises will be very small.

5
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