Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Bny Mellon Cuts Employees, Including Some in Pittsburgh

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Bny Mellon Cuts Employees, Including Some in Pittsburgh

Article excerpt

Bank of New York Mellon initiated a round of layoffs Monday, putting some workers on edge wondering who might be next.

The number of cuts is said to have been around 400 - or roughly 1 percent of the global workforce - including about 100 in the Pittsburgh region.

Employees posting on online message boards Tuesday were bracing for another round of cuts later in the week.

"I heard that it's goingto come in two waves this week, Monday and Friday," said one poster on TheLayoff.com.

"The smell of despair [is] in the air. Many layoffs across the organization," said another.

"My job was eliminated yesterday, 1/14/19. It shocked me," another poster said.

BNY Mellon spokeswoman Jennifer Hendricks Sullivan declined to comment on the size of the layoffs, or whether more cuts were looming.

"We continue to optimize our global business structure to increase efficiency, enable faster decision-making and better serve our clients. …

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