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 

Does any of you have an idea of what Global Delivery Simplification do on a daily basis ?

There's a recent review posted glassdoor that I found to be an accurate assessment of State Street. As you might be aware, most critical and honest reviews usually get purge from the website whenever State Street request for them to be removed... — read more 

State Street should seriously consider implementing employment separation buyouts through a Voluntary Exit Program for employees who are interested in leaving. I understand this was explored in the past, but the program was reportedly canceled due to... — read more 

Talk around the water cooler is Morgan is not using State Street as a service provider. Anyone know if this is true ?

for a VP role. It's related to data. But going by the comments here, it seems like State Street is a dumpster fire..no different than my current firm. Don't want to jump from the frying pan into the fire....go through the interview and decide what to... — read more 

Both parking garages are closed. And there's and Homeland Security admin office that is holding people inside. That office is on the same road.

Wth all these layoffs is the company considering bank

There is absolutely a list of layoffs coming ~ they’be done a round in technology more are coming in security. Anyone who says they’re not is lying … standby they’re using a restructuring as an excuse

The leadership keeps making baffling decisions just to boost the stock short-term, while gutting teams full of experience we can’t easily replace. Honestly, it’s hard to see a way forward without new leadership, which is most likely why so many are... — read more 

My business unit has seen pretty regular layoffs the last 12 months.. There appears to be no rhyme or reason as to who is getting selected. Sometimes it is a small team of 3-4,, while other times it is just an individual contributor or manager... — read more 

HR Voluntary Attrition: When employees leave by their own choice, due to personal or professional reasons. State Street leaders: We will target specific employees by stressing them and put them in a toxic environment. They will commute and return... — read more 

Looks like impact also on offshore locations such as India and Poland

What happened to this company. It's not the company I thought it was. Moving on. Good luck to all of you.

State Street averages 2.5 Billion in profits in the last 5 years but layoffs is the norm (usually 2-3 times per year).

Title pretty much says it all. Luckily, I have a few really good interviews. Severance is poor... I would not recommend SS.. This place is mess.

Last year, State Street made an announcement that there are no more inline promotions (internal promotions) for current VPs and AVPs workers. But I still see some people getting promoted. I don't mind people getting promoted but it's I find it unfair... — read more 

GA Ops/IT had layoffs. But instead of telling the people in the US they were laid off on the day of official layoffs they told them several weeks before that they were on a list that hadn't been finalized. This happened in March. Then they were... — read more 

There are rumors that State Street will vacate its Channel Center Building in Boston by the end of this year and move its occupants elsewhere. Do you have any info about when it could happen and if it is related to future layoffs?

Anyone have any info on the new RTO policy. Received an e-mail they are going to start tracking and this time if you don’t show up there will be consequences. Anyone know when this new policy is going to take affect?

I really want to leave State Street, and I just got a good offer with solid pay and benefits. The catch is, the new company had layoffs a few months ago. From what I can tell, layoffs aren’t common there, but it still makes me nervous. How risky is... — read more 

For folks that recently got informed they're being let go, what were the tell-tale signs? Curious if management are using new tricks to get rid of local employees. Several years ago, management suddenly became more distanced leading up to the layoff... — read more 

State Street used to layoff the first Tuesday of the month, is that still going on? Will I be ok? I've never been fired or laid off before and I'm scared. I've been trying to get a new job but the market is brutal.

I was let go for performance but I feel I was discriminated. Anyone fell for this also? I know others were able to move around and it seems that's the norm but I was not able to find a spot to move. Thanks,..

I refused mine since it was garbage and plan on legal action to get a decent offer. Can you guys share what was your severance package looked like? Thanks in advanced.

As long as severance is half-decent, it feels like we're at a point where getting let go might actually be better than staying. Especially if you're on a team that's been hit, since now you're just expected to take on even more work with zero reward... — read more 

If you were let go, please share area.

worst part, the usual bozos working this place, svp and md, are the culprit but because they know how to work state street, usually blaming their own workers, they get to skip the layoffs. I had people not having any idea about excel or powerpoint... — read more 

Not sure how many but I heard it I will be a noticeable amount.

This company is fundamentally a scam. It's continuously changing and declining. Worst is yet to come. Offshore locations like India and Poland completely out of touch and control. Errors are amassing at a dangerous pace. The glory days are a thing... — read more 

This place su-ks. I do my job and out by 5pm. I don't bother with their "reviews". Nor do I prioritize. This place offers zero bonus nor raises. Avoid this place.

Avoid this place. Not only do they do random layoffs for no real apparent reasons, we have many people of all levels of management leaving the company as well, including SVP/EVPs. Look it up.. Takes alot for these people to leave but this place is... — read more 

We shouldn't be complaining too much about not receiving any raises or bonuses. At least Ron is doing well. As Chairman, Chief Executive Officer and President at STATE STREET CORP, Ronald P. O'Hanley made: Year 2024: $16,715,967 in total... — read more 

seriously worst company I worked for. Extremely top heavy management absolutely clueless. They spend alot of time tearing each other down. Unbelievable nonsense actually. Most give out nonsense work just to waste time.. I don't get this logic other... — read more 

With State Street being notorious known for doing layoffs, how are they getting away from not submitting WARN? https://www.mass.gov/info-details/worker-adjustment-and-retraining-act-warn WARN for Employers As an employer, it is your... — read more 

Just got the word two of my teammates got the pink slip this morning.

State street is a joke of a company. Financial reporting leaders are always acting like it’s not their fault. India workers can’t do anything. Pathetic

And no raises working in the division that makes bulk of the company's revenues. The joke went from comedy to tragedy really quick.