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
Forth Quarter Results for 2025 - Layoff season is coming
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
This place is horrible!
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'm sitting here, praying for a layoff
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.
Clarity Tracking
Is anyone else being asked to track all of their hours in Clarity, not just projects?
Reduction Decision
Who in management makes the final decision about who gets cut? SVP? MD?
SSB to aggressively cut expenses
Per ignites article… if global markets continue to sour…could mean layoffs down the pipeline
Comp Payout
Anyone have insight on the comp /bonus payouts this year ? Is there a full payout or is the comp pool down this year ?
H1B justification
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?
Signs of incoming layoffs
What are some of the signs you saw that you will be laid off soon.
New Job postings
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.
Layoff package question
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
State Street Layoffs 2026
What's your prediction as it relates to the possiblity of State Street layoffs? Any chatter, news or rumors?
January layoffs
January layoffs will be massive. Especially in GD where expected cuts in workforce will be between 20 to 30% from each teams. Mostly ranging from A2 to AVP level.
Fund Accounting Layoffs
I work in Fund Accounting in the NJ office as a Senior Associate. I am wondering if y’all think layoffs will hit me. I see two postings from my team that were posted recently. Will I know soon if I am to be affected?
Should I join state street?
I'm told I will get an offer next week. It will be at MD level, in audit. Would I regret it? I have a pretty good setup where I am. Pay would jump a good bit but I would lose my comfort and I don't want to come over if the place is in constant layoff... — read more
January - layoffs
Hearing there are tech layoffs coming in January…
Holiday Video
Happy Holidays! Hope you like my holiday video. I hope it makes you feel warm and fuzzy. Please don't ask me how many FTE's were sacrificed for my video. Love, RO
RTO and staying in for full shift
Anyone has to stay in the office when they come in for their full shift? Our leadership is pushing managers to make sure their staffs stay in the office for their full 8 hours of shift, especially in JAB. Those in JAB who's managers are in KC are... — read more
AI
Is AI determined who to lay off now?
Career Development
What's with career development? Where are the jobs?
Most of the new hires are Indians and Asians
I just received a list of new hires in my division at State Street and it appears that only 12.5% had Anglican names. Based upon the names, most of the new hires are Indians and Asians. I am curious to see what will happen with the tighter H-1B... — read more
The Glory Days of this company
If you worked there prior to 2000yr, then you remember how great a company this was. People could worked their way up the job ladder through hard work. The company rewarded employees with good raises and bonuses. The company motto was " Our... — read more
Survey
Why is so urgent that surveys be done? Are they used to target reductions?
Bravo Thank you awards - $0
Anyone else think its a slap in the face when you get 0 point Thank you Awards from BRAVO? whats the f'ing point. Just another way SS is cheap!
Layoffs
More layoffs to be announced apparently during ER call. They will use the words that the Street wants to hear. More investments in AI even though excel macros are still the drivers of automation
Today‘s the day…
Layoffs have started, beginning at CRD in Burlington. Sounds fairly significant.
US New 100k$ charge for hiring h1b
Excited to see how state pans out with this one :) they’ve taken advantage of this system for so long and I am so very excited they will need to start paying to back up these poor decisions.
RTO
How is the company tracking compliance with the RTO? Are they just looking at badge swipes or the total time spent as well
New hires update
Well Ron , you have lied to the flock! State street is hiring contractors and you know what that means there are no internal jobs they want you to quit or get terminated so you don’t get a package. Bravo suspensions, how cheap can it get? Quote the... — read more
Rumor that September 10 is a big D day!
Rumor has it that Wednesday September 10 is a major cut day at state street. Internal jobs don’t exist , defcon one is upon us. They even took away and froze bravo awards. Ron should get one for being cheap and treating the employees like cr-p but... — read more
Senior Management
I was in a meeting with some senior managers last week. MDs and SVPs mostly. I was reflecting on just how bad quality managers we have. How could this happen so quickly in the last 5 years ? A bunch of yes men/women with no courage or attributes
coming soon
September layoffs coming soon with additional cuts to be announced in Q3 Earnings Call. Europe (Poland included) and US targeted
Twilight zone episode The Brain Center at Whipple's
The W.V. Whipple Manufacturing Co. introduces a new automated manufacturing machine that will eliminate 61,000 jobs and the company's president, Wallace V. Whipple, is quite proud of his achievement. Not everyone agrees with him, especially the loyal... — read more
Is AI causing layoffs at SSB or is it not?
There have been several articles … one in Boston Globe and at least one other in Ignites where it stated that layoffs were due to increased efficiencies of AI at SSB. However just the other day Ron stated the opposite when asked why employees should... — read more