Topics regarding layoffs at State Street Corp.

Topics regarding layoffs at State Street Corp.

Constant reorgs

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 

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| 1420 views | | 3 replies (last January 23, 2019)
Post ID: @OP+Xgl2IqU

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 

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| 1900 views | | 6 replies (last January 23, 2019)
Post ID: @OP+Xg4PNJe

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 

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| 1650 views | | 10 replies (last January 23, 2019)
Post ID: @OP+XgFIjki

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)

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| 1220 views | | 8 replies (last January 24, 2019)
Post ID: @OP+Xf5exPZ

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?

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| 1012 views | | 3 replies (last January 22, 2019)
Post ID: @OP+XffPjHN

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 

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| 1710 views | | 10 replies (last January 23, 2019)
Post ID: @OP+Xf2Ibb5

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 

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| 1400 views | | 11 replies (last January 23, 2019)
Post ID: @OP+XfFc6yf

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 

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| 1770 views | | 16 replies (last January 22, 2019)
Post ID: @OP+XfRFBMU

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 

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| 1070 views | | 4 replies (last January 22, 2019)
Post ID: @OP+XeyhJxA

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 

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| 1030 views | | 2 replies (last January 21, 2019)
Post ID: @OP+XescVRH

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 

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| 1850 views | | 11 replies (last January 21, 2019)
Post ID: @OP+XetiFBt

London Lay-offs

Does anyone have any news or insights into how many people in London may be affected?

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| 1000 views | | 4 replies (last January 21, 2019)
Post ID: @OP+Xe0ezdY

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?

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| 1210 views | | 5 replies (last January 22, 2019)
Post ID: @OP+XeRuRfd

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 

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| 1242 views | | 2 replies (last January 21, 2019)
Post ID: @OP+XdCSXFO

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.

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| 1950 views | | 12 replies (last January 21, 2019)
Post ID: @OP+XdNAjbi

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.

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| 1070 views | | 5 replies (last January 20, 2019)
Post ID: @OP+XcE1NQe

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 

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| 2360 views | | 11 replies (last January 21, 2019)
Post ID: @OP+XbjYJ9e

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 

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| 1500 views | | 7 replies (last January 19, 2019)
Post ID: @OP+XbBTsuU

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 

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| 2650 views | | 23 replies (last January 21, 2019)
Post ID: @OP+XbQllnX

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 

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| 953 views | | 2 replies (last January 18, 2019)
Post ID: @OP+XbpHP89

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 

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| 1680 views | | 5 replies (last January 21, 2019)
Post ID: @OP+XacMhAC

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 

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| 963 views | | 1 reply (January 17, 2019)
Post ID: @OP+XaDd7Aw

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?

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| 2300 views | | 2 replies (last January 17, 2019)
Post ID: @OP+XaiQvK4

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 

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| 2590 views | | 33 replies (last January 21, 2019)
Post ID: @OP+XaBJc82

I got laid off today

My wife works for the federal government and she is not working. Don't know what to do now.

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| 2830 views | | 21 replies (last January 18, 2019)
Post ID: @OP+XaUI5x3

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?

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| 1400 views | | 4 replies (last January 20, 2019)
Post ID: @OP+X9NqDYt

Poor earnings

Hold onto your socks people. Banks all have a bad Q4. Quincy 'WORK' FROM HOME folks wake up!!!!!

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| 1240 views | | 3 replies (last January 16, 2019)
Post ID: @OP+X8yD4VL

Town Hall coming up.

Who else planning to send feedback to Ron's Town Hall at the end of the month?

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| 1440 views | | 10 replies (last January 17, 2019)
Post ID: @OP+X8od1Ls

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