They do it every other month. Last one in September was a smaller pool, wondering if anyone have insight on the size or pool for Nov
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@2h4 what email? Context?
@2fc there was an email sent yesterday to all employees
@2c8+1m5xeweeh - what email? The one that managers got?
Chop chop after today’s email
11th or the 18th for notification?
@1db Come on be fair , you know the cost of champagne has gone up, as has the price of cavair. And many State Street Executives have had to cut back on expenses.
Some have even had to sell their 12 room houses and downsize to 8 rooms.
Cut back on their weekly housekeeping services, even lay off their personal shopper.
more chopping on the way, i guess Ron is to busy keeping the shareholders happy.
the next round should hit right before thanksgiving (US).
@tm I know of two MDs that got chopped in one of the last waves
@p4 The danger is you move to another department thinking your safe.
Only to still be laid off. Unless your a MD or SVP nobody is safe
Sign me up!
Some employees are leaving their teams for other areas of the bank. Some found jobs outside the bank. Less support, more work on remaining employees.
@by Same story every time....
@dx The reason technology and software is sodisorganized, is because they got rid of
80% of the people with 15++ years experience. The people who knew the
how everything worked.
Existing global delivery team of 7 got axed last week, I was lucky to have transferred
Heard 25% of staff give within 3 years. Similar to Microsoft but taking us longer because we are rather disorganized with technology and data. Where is the empathy and looking to the future by executives everywhere that just drink to kool aid? Don’t they see what this will do to our society and communities? The selfishness and shortsightedness is astounding
@da i know of staff - all levels - that applied 45+ days ago and have not heard from "GHR" (or the hiring mgr)
Dang - even for the ones that are already in workday?
no backfill means more work for those of us who stay.
Heard no backfilling of positions.