I’m a relatively young worker who hasn’t been long at the company, so I suppose I still have the energy to take all the bull and frankly I don’t see SS as a lifetime career option, but I honestly don’t understand how the long-time workers can take... — read more
So who is safe?
Are the AVP’s? Don’t they need a few “top” ppl yo run the show? Don’t they need workers already trained? Are they going to just shut it down in Boston completely? Aren’t the elected officials concerned in the least? This is a major employer in the... — read more
How many changes and restructurings do we really need?
I've been with State Street for nearly a decade, and in that time I've seen at least five restructurings or reorganizations or however you want to call them. Three out of those five times included changing buildings - at least for me personally... — read more
So who do you think will buy STT after they cut all the dead weight?
Probably someplace with a lot of good technology is my guess...
Interesting strategy
My coworker got into a car accident and he has been in short-term disability for almost 2 months. He did not get hurt at all as he texted us and was laughing he got lucky. So he did not get laid off (YET)
Dagnabit
Just when I was hitting my stride feeling really good about my work my life my career etc. really s*cks big time Who will be left in MA ceo his secretary and the guard?
I'm starting to realize my ex co-workers who got laid off last year are the fortunate ones
I knew 3 really good employees that got laid off last year. Each of them landed similar jobs at same pay level (they are all VPs) 2 moved out of state and love their new locations. I'm not even getting any bites on my resume for any out of state... — read more
Maybe it’s just ptsd
But I feel like it’s going to be 2007 all over again and when all is said and done that will be the good old days comparatively speaking. I have no optimism or hope or illusions the other investment banks will skim the cream of the crop and the rest... — read more
I wish we knew today
Honestly, I'd rather know I've been laid off and work from there than have to go through who knows how much longer of constant stressing and guessing. This is not the first time State Street did something like this and I'm certain it will not be the... — read more
Omnia IT people resumes :(
Damaged! It’s becoming tough for IT people to find a job with Statestreet in resume.
So how soon will this carnage take place?
I know it’s been ongoing with the 7000 but this additional bloodletting when will it commence? Should we expect this week to see moves? Is there any division more vulnerable? That statement about high cost locations so is all of MA at risk? And I... — read more
Why is everyone so worried about finding a new job????
In December they announced unemployment numbers were at an all time low and the economy was strong and doing great!!!! Things have never been better!!!! Cheer up!
What happens when your boss gets laid off?
Are all the direct reports to someone who got laid off next in line to be cut? How will next boss know who worked hard and who didn't?
Some useful advice
Advice from a fifty something.... I am telling you all right now, if you have debt, get rid of it. NOW. Anyone who is living paycheck to paycheck and in debt because of mortgage, cars, student loans, credit cards, you need to sell that home you can’t... — read more
You would be surprised at how long they have been planning on sending a large percentage of US positions to India and other global sites
The layoffs have been going on for at least 15 - 20 years. If you have a network of former and current employees of State Street believe me you would be surprised how long they have been planning on sending a large percentage of US positions to India... — read more
So how stupid does a company have to be to warn of layoffs and then expect people to still do their jobs correctly?
I mean cmon how many people are going to even do their jobs correctly anymore? What’s the point if most of the workers are getting laid off this year? Someone please explain because I feel like I’m not getting all the facts. Why should Jack and Suzy... — read more
London Lay-offs
Does anyone have any news or insights into how many people in London may be affected?
What to expect this week?
Folks- any ideas/speculations/intel as to what might happen this week? Is Wednesday still the day to watch out for sh--storms?
Advice from someone who was laid off
No matter what happens, getting laid off changes everything. I was laid off before I started at State Street and the day after I got laid off from my old job, I called realtor to sell my house. At the time I was 51and had 8 years left on my mortgage... — read more
So many bitter/disturbed people on here
Some of you need help. I genuinely hope the majority of you are troll accounts and not genuine State Street employees that I may meet in the elevators, or SST is genuinely screwed.
Ireland Ireland Ireland
What’s happening over in potatoe-land?
For the ones who had to actually do the layoffs...
You’re also getting laid off. It’s a ritual. They make you do the cuts. You agree. You do it for the ‘company ‘.... You tell yourself it’s okay. It’s not. You’re going to be disposed off as well. You’ll soon see... That is all.
Do you get any signals it’s imminent?
Do you not get s raise or bonus? Do you hear people lettting you know in advance or are you totally blindsided by it? Does your job performance come into consideration? Have there been layoffs noticed anywhere in teams or are you just thinking people... — read more
So are they hoping people will jump ship on their own?
Do they expect a certain percentage to just leave with new jobs? I mean how cagey is the “high cost location” ckearly they mean Boston. Should we all get Rosetta Stone and learn Polish? It’s musical chairs there are just not enough seats left and... — read more
Seems like other companies are shying away from hiring state street employees
I’ve had 15 interviews in 2018 and I think state street has cursed me....I can’t find a job.
7000 by 2020
15% high end staff 1500 additional staff in high cost areas Uh you mean America? Wow way to go scum bag How about you take $1 for salary to cut costs? How about you renegotiate the big pensions? yea companies do that No instead cut the worker that... — read more
State Street beats 4th Qtr earnings, plans to lay off 1500 employees...
In addition to laying off 15% of its senior management, state street will lay off 1500 employees to cut costs. https://www.bloomberg.com/news/articles/2019-01-18/state-street-says-it-s-laying-off-1-500-workers-to-cut-costs
Bummer
Just when things were going so well. The economy is stabilizing people are getting hired This is so 1980’s layoffs. New ceo has no new ideas sans old same old that’s unfortunate. I really really like my job my team granted my pay is low but the job I... — read more
More layoffs coming all throughout 2019...
State street plans to layoff 7,000 people by 2020, so 2019 will be a year of constant stress and layoffs until they achieve their goals... — read more
Remember this...State Street plans to lay off 7000 employees by 2020...
https://www.google.com/amp/s/www.bostonglobe.com/business/2016/03/29/state-street-official-pegs-staff-reduction-workers/89HmTzw98F6AvUCVyA9A4I/amp.html Oh it's happening.
I Got Out in Time
I sense it since 2016 that SST was going to lay off a lot of people. Every time someone quit or found a new job they never replaced them. Then in 2017 when they force us to trained all of the Indian new hires online. I was out with a new job in 2... — read more
Stressed out and overworked
I was laid off after 25 years of faithful service , but to be honest it was probably the best thing to happen to me. During the last 12 years I lived with the stress of the yearly layoffs ever single year. Seeing the dept where I work have the staff... — read more
State Street Severance Package
Anybody that has been let go, are they giving 12 weeks plus two weeks per year or just the two weeks? If they keep you the 60 days, does severance begin after the 60 day waiting period?
Trust no one
Why is anyone shocked at how ruthless and cutthroat these companies are? Never forget, no matter what level you are, your are disposable or replaceable for any reason at any time. Trust no one You take what you can while you work there, honestly, of... — read more
I got laid off today
My wife works for the federal government and she is not working. Don't know what to do now.
Layoffs are happening!!!!
On Wednesdays!!!
So how does getting laid off work?
Does someone walk over to your desk? Is an invite put on your calendar? What if your working from home that day? Is it done a certain time of day? Also, are you entitled to your 2018 Bonus?
Poor earnings
Hold onto your socks people. Banks all have a bad Q4. Quincy 'WORK' FROM HOME folks wake up!!!!!
Town Hall coming up.
Who else planning to send feedback to Ron's Town Hall at the end of the month?