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 

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!

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?

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 

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 

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 

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

Folks- any ideas/speculations/intel as to what might happen this week? Is Wednesday still the day to watch out for sh--storms?

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 

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.

What’s happening over in potatoe-land?

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 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 

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 

I’ve had 15 interviews in 2018 and I think state street has cursed me....I can’t find a job.

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 

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

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 

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 

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 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 

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 

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?

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 

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

On Wednesdays!!!

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?

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

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

Custodian bank State Street Corp plans to lay off 15 percent of its senior management, Bloomberg reported on Wednesday, citing people familiar with the matter. The lay-offs, which will affect executive vice president and senior vice president... — read more 

It’s very quiet lately... calm before the sh-- storm. LOL!!!!

You don’t need 95% of the c-ap you spend your pay on. Fact. Start taking a good look at why you spend on what you spend on. If you are in debt due to mortgages and cars, you’re doing it wrong. You’re welcome.

First of all, I don’t want to be taken the wrong way. I applaud that the new CEO had the guts to start cutting from the top. Regardless of that, I see some hypocrisy in our perception of this News. When nothing is happening, or regular workers are... — read more 

The layoffs will also be worse than they are reporting. It will be more like 30% of all employees getting laid off. Just thought I’d let you know. ;)

To VPs and above from Cyrus at SSGA. Anyone wants to share the email?

State Street may lay off 15% of senior management https://www.businessinsider.com/state-street-plans-to-lay-off-15-of-senior-management-2019-1

49 here. No debt. Paid my mortgage off last year (only had a 15 yr mortgage). Never let the wife talk me into buying a bigger house we don’t need. We live in an upscale town, house has doubled in value, I see no reason to trade up, ever. Both cars... — read more 

Can anyone advise what the Severance Package is for BPs and MDs?