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?

Soon Statestreet will be in the news for fraud in recruiting. Postings already have a preferred candidate. Managers do fake interviews involving external candidates. Even internal candidates are taken for a ride. Recruiters will be fired for being... — read more 

In the lastest company communication, Ron says we 'mark a strong finish to another successful year for State Street'. He also mentioned that he looking forward into workforce reductions. What a stand up guy! If you heard your manager this month... — read more 

Dont work for this place. The anxiety of losing your job is real. Constant layoffs happening at this place. Terrible employer, no raises, no bonus, nothing.. Employer is terrible.

I don't want it for others, but myself. I would volunteer if there was a way. I'm just so done with this place.

Is anyone else being asked to track all of their hours in Clarity, not just projects?

Who in management makes the final decision about who gets cut? SVP? MD?

Per ignites article… if global markets continue to sour…could mean layoffs down the pipeline

Anyone have insight on the comp /bonus payouts this year ? Is there a full payout or is the comp pool down this year ?

Rumor has it that state street posts the positions after a U.S. employee leaves for 30 days but either freezes or pulls it so they can justify adding it to the H1B pool. Anyone believe this to be true?

What are some of the signs you saw that you will be laid off soon.

We have like a crazy amount of Job Postings this past couple of weeks. Why would there be this much if they have layoffs in early January.

In a comment on a post of November 20th "Layoffs started in Toronto office...", somebody wrote that they were informed on November 18th about the termination on January 23rd, and that the package was "not like old times". Any information on the new... — read more 

What's your prediction as it relates to the possiblity of State Street layoffs? Any chatter, news or rumors?