Topics regarding layoffs at State Street Corp.

Topics regarding layoffs at State Street Corp.

Vaccination Requirement

If you have a job that requires you to be in the office, what happens if you do not get vaccinated by the 17th?

How much time do you have?

Not sure how many people are holding on until they are retirement (or early retirement) eligible. I’ve got less than 3 years and I’m just keeping my head down so as not to be singled out for the slightest things. To be honest, the thought of spending... — read more 

Talent Marketplace Package

Expecting the tap on the shoulder anyday now. Assuming you get to the end of TM without an offer, what kind of package do they pay out? Is it different in Ireland and the USA?

Severance-related question

I haven't heard anything about more layoffs, so this is not about that. I'm just trying to plan ahead just in case and I'd like to know how things work. Have there been any changes to severance in the last year or so? How long does it take to receive... — read more 

It’s sad how little trained they are

Does State Street really think it saves money if people have such bad training? I would not even call it training. It's a shame really. My opinion is that a company in this way can only lose customers, trust, and ultimately - money. The company's... — read more 

Exodus of the best people

State Street is in real trouble. You can tell that by the continued exodus of most of its best people. Everybody who has marketable skills has by now realized that higher pay, significantly better culture, and proper work/life balance are readily... — read more 

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| 2600 views | | 3 replies (last September 29, 2021)
Post ID: @OP+1bLluq68

This company has turned into a joke

The best people are long gone. Those who are still here are either looking for a better job, waiting it out until retirement, or are underachievers who won't be able to get a better job anywhere and are milking it for as much as they can for as long... — read more 

Sinking

I marvel daily how this ship keeps afloat. Are our corporations this disorganized?

What's up with promotions?

What does a person have to do these days to earn a promotion? Has there been a company-wide freeze or what? I've been promised a promotion nearly a year ago and ever since then nothing happened. Whenever I ask about it I get the old "it's a done deal... — read more 

IT Layoffs?

Any one have info if there will be more IT layoffs coming anytime soon?

State Street has no respect for us

Leadership here believes they can treat employees any way they want. We have to deal with intimidation and bullying every day in addition to being lied to and thrown under the bus when they need to cover their backs. It's truly shameful what's being... — read more 

Layoffs

Is there a way to volunteer for a layoff? Or is that not an option anymore with employees being placed in Talent Marketplace before qualifying for a package.

2021 Post Severance Health Care coverage issues?

Anyone else having issues getting the EE Subsidized health rates that State Street promised during the severance period? I have been fighting with both State Street and Fidelity Net Benefits for 3 weeks now with no progress.....

I remember...

I remember it was the dream of every graduating high school and college senior to get a job at this company. To get a job here meant you were set for life with a good paying job, chance to advance up the job ladder and job SECURITY SECURITY... — read more 

What Areas Will Be Hit

Hearing some layoffs will be coming in the next several weeks. Anyone know in what areas / department?

2021 comps

Just wondering what the comps are for folks working at state street and in comparison to other banks. Titles and compensation

Seeking for Lawyer referral in Boston, MA

I am looking for an attorney/law firm that will not hesitate to take on State Street Corp. to help with Bullying, Harassment, Discrimination, and Defamation. Thank you in advance for your referrals.

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| 4170 views | | 9 replies (last March 24, 2021)
Post ID: @OP+19vflSXC

Wait for severance pay?

A colleague and a good friend of mine was convinced that he would be fired, everything pointed to that, so he decided to wait for severance pay. Just because of the severance pay, he decided to miss a great chance at another bank, after which... — read more 

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| 3590 views | | 4 replies (last February 16, 2021)
Post ID: @OP+19qlvbLD

Incoming layoffs

If I got this right, not everybody will be notified right away? If that's that the case how long will we have to wait to know if we're safe or not? Do they really plan to keep us guessing and stressing for the better part of the year? I can't see... — read more 

1200 Layoffs at State Street in 2021

Well...it's official. 1200 hard working American jobs are being cut/eliminated at State Street during 2021. Announcement just made by one of the glorious leaders from the executive management team. Don't say you weren't warned. For the rest of... — read more 

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| 4430 views | | 7 replies (last January 25, 2021)
Post ID: @OP+190Z76FB

Light at the end of the tunnel

I’ve spent months looking for another job and I found something very decent in terms of pay and benefits. I know some people enjoy working here; I hope it lasts for you. I know others are looking for a way out; more power to you and I hope you find... — read more 

2020 Bonus Pool

Anyone hear anything concrete about the funding level this year?

More cuts coming?

https://www.wsj.com/articles/state-street-ubs-are-in-talks-to-merge-asset-management-businesses-11607735564 State Street is having talks with UBS for a big merger, it's been confirmed by multiple news platforms. I have seen many VPs leaving ... — read more 

Ending the "No Layoff" pledge...

State Street Ending No-Layoff Pledge in 2021 https://www.thinkadvisor.com/2020/12/10/state-street-ending-no-layoff-pledge-in-2021/

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| 3860 views | | 9 replies (last January 5, 2021)
Post ID: @OP+18oiYhLe

State Street Layoffs 2021

This is a generic discussion thread to capture comments about potential State Street Layoffs 2021? Any news or rumors?

State Street Layoffs in KC and around the country

Laid off State Street workers have been approved in multiple cities for Trade Act Funding. Here is the announcement for Kansas City. See your local workforce or job center for more information. From the Department of Higher Education and... — read more 

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| 2780 views | | 3 replies (last December 14, 2020)
Post ID: @OP+17TKmVOg

It’s sad to see

I used to be proud of this company being one of the oldest financial institutions. It speaks of stability and longevity. But how much longer can a company last when most of their employees are overworked while receiving pay that is below industry... — read more 

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| 2740 views | | 5 replies (last November 6, 2020)
Post ID: @OP+17El2wcd

Severance?

Does anyone know about severance? Do you just wait it out in the marketplace till they let you go? If you don’t actually accept an internal interview then will you still receive severance when your time is up? They can offer a job but as long as... — read more 

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| 3880 views | | 9 replies (last November 12, 2020)
Post ID: @OP+17sFB4Cs

The P-Pod layoffs have started

A few folks were notified on Friday that their positions were eliminated and they were headed to the marketplace. Mostly MD or above.

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| 2710 views | | 3 replies (last October 17, 2020)
Post ID: @OP+17qygVkf

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