Do you have the impression that your current managers in this company are psycopath ?

The next set of layoffs are scheduled, July 15th, Sept16th, Nov 18th and Jan. 20th. AI is suppposedly going to replace all of the those roles. The rumor is a 25% headcount reduction globally.

A friend in GD was fired today for not going into the office. No severance package, realy firing. Has this happened in any other group? Was this just GD or did it occur in other BUs/CFs?

Every other month is a quite layoffs unless it is a big one then even more losses. Then they rehire these kids, give them scraps because they straight out of college, and expect us to train them. Nope. Other more indians with fake diplomas and... — read more 

Ron needs to increase his total compensation for 2026. He's like the Freddy Krueger. Once you think you're safe and put your head down, he comes after your job. Do not sleep!

So burned out. This place is unhealthy.

As people are getting laid off or being quiet fired, please don't hate Ron. As Chairman, CEO and President at STATE STREET CORP, Ronald P. O'Hanley made $19,529,070 in total compensation.

Reopening of Manila office announced. MO, custody amongst other functions to be offshoring to that location.

Listed SS as one of the top companies to work for. LinkedIn has SS as the best workplaces to grow. Well...there you go. We all know the truth.

Mental Health Awareness meetings - really?after folks have been laid off and more layoffs to come - this company is either clueless or really twisted with its cruelty

Looks like nothing is happening. We live to stress another day.

What do you think we should expect this Wednesday?

My entire snapshot was empty except for a yes that I’m on track to meet or exceed expectations, my teammates had theirs all filled out. Do you think I’m on the list?

Huge operation center quietly getting set up in the Philippines. Layoffs every 2 months through 2027. Poland to have massive layoffs. Berwyn Pennsylvania getting gutted. India given increased role they can’t handle. Senior Management denies all and... — read more 

Is there any info someone can share about what to expect next week and what location to be affected?

Did you get your gas allowance from your manager to offset the cost of petrol to meet their in office requirements? No.

Layoff lottery coming soon.

In case you missed the earnings report, they have reduced staff by 3% and plan on aggressively reducing staff to be replaced by AI. They consider employees liablities not assets. I have tried and tried to get out but being middle aged is tough. ... — read more 

India is the land of opportunity.

Stock bonuses of $5m are being offered to executives in addition to their elevated pay if the bank beats multi-year targets for revenue growth. Think about that.

This company is a joke. Full off shoring id--ts and fools. I hope this company goes bankrupt. The VP’s are deserve the worst things in life

Will they put you on the list if you don't complete your self evaluation? I don't understand the point of doing one if they plan to cut 10k jobs.

When do they decide who is on the next layoff list? Would my manager know by now if Ill be effected?

No value working here.

Any Princeton NJ personnel affected recently but layoffs?

Any info on this?

Anyone attended a town hall meeting this morning? During their laughable TED talk, it was brought up that India has the largest headcount of State Street employees at 19,000. Let that sink in. At this rate, the only people will have jobs in the US... — read more 

How's your raise and bonus?

Topping the list: not turning off your audible notification for Teams messages. Is the flashing box on your taskbar not enough to get your attention?

Are you looking for an exciting opportunity to manage workforce transitions and offshore operations? We are seeking a candidate to join our operations to assist with local workforce reductions and restructuring initiatives. Job Requirements: -... — read more 

For those who asked to be laid off and got the severance package, can you share how to ask (even though it’s not allowed) and how long it took? Can anyone weigh in on the chances of this happening? Thanks. Sorry for all the people who were laid off... — read more 

Hello today in fidelity you can call and eliminate any medical benefits and such at fidelity by calling 1-855-447-7007 option one. Ask for a representitive and that you should be listed as terminated in the system. You can then opt out fully of... — read more 

TCP anyone?

For some reason mods removed this thread, I have archived it on wayback machine and here is the text as well: Thread: 900 workforce to be impacted in this quarter....email from mgmt today Poster ID: @OP+1k07sm478 Time Posted: July... — read more 

There seem to be layoffs spreading across the financial services.... especially asset management and custody space (State Street, Fidelity, BlackRock, Vanguard, Schwab, Citi, Morgan Stanley). I’m curious whether this is mostly cyclical or tied to... — read more 

The company decided to pause their AI push, as the low hanging fruit has been harvested, and further adoption requires substantial investment and training. To decrease costs, they now aim to reduce the number of MDs by delegating their work to VPs... — read more 

What happened? Can anyone share how it went down?