Someone mentioned H1Bs. It’s deeper than that. Many in EMEA cannot get laid off due to country job protections (e.g., Italy, Germany) yet are leveraging skills from 25-30 years ago! And let’s not even talk about beefing up staff in communist China... — read more 

Let the following figures sink in: This information is according to proxy statements filed for the 2022 fiscal year. Chairman and Chief Executive Officer at STATE STREET CORP, Ronald P. O'Hanley made $18,004,619 in total compensation. Of this... — read more 

In the latest string of bright ideas to come out of executive mgmt or Hr (who knows who comes up with these ideas), it’s been decided that there will be no more promotions. So if you continue working hard, taking on more responsibility etc in the... — read more 

I've been mulling over the idea of quitting my job at State Street for a while, and the latest layoffs have just made that desire stronger. But I'm curious how folks who've already left are holding up. Do you regret it? If any of you still check this... — read more 

We have zero power. They have it all. They take all the profits. Decrease bonuses. Increase our health care costs. There is no good news for employees ever. We have no say in anything. What would it take to start one? Is there any legal reason we... — read more 

I heard this round is kicking aroud 1500 people globally. 250 of those in IT. Is this correct?

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

Given any tiny (1%) merit pool must be used to pay for promotions (only allowed now for to avp and below) and bonus pool down 80% (or more) compared to last year, if you thought inflation was pinching your budget … it’s about to get worse! You are... — read more 

Was thinking about Ron declaring that Sunday Times front page about State Street racially engineering the workforce wasn't true and that legal options were going to be explored, did anything come of this?

Rumor has it Jan 10 is the day for the next round of layoffs. Anyone else hearing that?

Thoughts? Any State Street layoffs? Any chatter, news or rumors?

Did someone purposely submit wrong numbers?

A chart which shows the following percentage of layoffs by groups Senior Vice Presidents, Executive Presidents, Vice Presidents, Marketing Directors Mid level workers Low level workers A chart which shows the percentage of... — read more 

Not sure why this is news to anyone. State Street lays off a healthy percentage of its employees at year-end EVERY YEAR. It’s part of the business model. It’s how they hold down compensation, limit advancement and make survivors grateful for their... — read more 

From what I can gather, only a fraction of the 1,500 announced employees have been laid off so far. Looks like they are really waiting until January to let us know who will stay and who will go. This is not going to be a fun and enjoyable Christmas... — read more 

With all the layoffs, does this mean they’ll cut bonuses, using cost cuts as an excuse? Has anyone heard anything?

Has anybody been notified already? The entire process should be much more transparent if they don't want to see morale plummet.

CFO said at GS conf there will be more layoff

Any news yet?

Anyone else think a significant number of employees are not following the 4 day RTO? While I saw more people in the Adams building this week. Hardly anyone from my team did 4 days.

I would like to hear stories from people who were laid off or quit State Street. Treat these as cautionary tales to keep future hires or current employees more informed. When I joined State Street more than a decade ago; I noticed a lot of people... — read more 

Left State Street three months ago. I feel much better

It has been 3 years since I left Statestreet. I didn't bother to write about this. My mother worked in fund accounting for 18 years, was laid off right before she retired. 4 people in India failed at taking over her job, so they called her back. Let... — read more 

Any news on TCP and how's going to be ?

I skipped today's call because I wasn't in the mood to hear Ron 's BS about back to the office. I heard though that someone laid into him and it all went downhill from there . Anyone here dial in?

You are the heart and soul of a company. You are the ones making it run. Meaning; if you are not happy- the company should not be happy. Start taking back your control. It will fall.

I only received one salary increase for over 10 years at SST. Most of the collogues in my department have the same misery life at STT. With effective inflation going over 10%, SST is holding employee as hostages which I believe is seriously violating... — read more 

Sorry to be the new guy here - I came from another financial institution and the leveling and roles here make no sense. At my old company we had managers, directors, and managing directors - MDs being the top. What is with the VP/SVP/EVP roles? If... — read more 

I seriously think we should consider forming a union to fight so many things - the unfairness of the top (setting up services for just them with different , lesser quality services for “us” (exec IT help desk, exec free parking, their marble palace... — read more 

Email sent to managers today. Starts in October for managers and November for all others.

I’m thriving. Left state a year ago for a new job, I’ve received two large raises this year at the new company, and have gotten more respect and responsibility/say than I ever had over a decade at state Boston. State will forever be the most... — read more 

I've worked here nearly 3 years in total and I can't stand it. It's completely changed how I view the world and ruined me mentally, physically, and emotionally. The managers are heartless clowns and I'm surrounded by stupidity. I refuse to quit... — read more 

I notice that the management's "main job" is not only to terribly overwork us, but also to convince us that it is not much work at all. In other words, we are bad employees. How do you deal with this much stress?

Has anyone at STT run into trouble with compliance on failing to disclose a trade or outside activity? What is the consequences?

Anyone know what is going on? Went to apply for a job posted last week and noticed almost all opened regs are gone. Only 1 in Quincy and 70 in Boston. That is down from close to 400 the week before.

This might sound crazy, but has there been any attempts from employees forming a labor union at State Street Corporation? I know Wells Fargo employees made some attempts. But I couldn’t find any articles online to unionize at State Street Corp. I... — read more 

How many times can a company say the layoffs are related to reducing the layers of the reporting structure? Yes that is a rhetorical question. I see an increase in EVP and SVP level positions reporting into the same level. Why is this happening with... — read more 

Anyone have any idea how the talent pool works? We were told this week that our MD just got added and I have no idea what that entails. I know it means they are on their way out, but what are the ins and out? Guy is still in his office everyday... — read more