Thread regarding State Street Corp. layoffs

Is there anyone who would want to come back?

I’m 99.9% sure there isn't anyone who would love to come back here after they’ve been laid off or after they’ve left this ridiculous company on their own.

by
| 2961 views | | 11 replies (last November 3, 2021) | Reply
Post ID: @OP+1cYOyK4h

11 replies (most recent on top)

@Post ID: @Frfz+1cYOyK4h

Think of the HR person not getting back to you as a blessing.
You could have been hired but not told it was only going to be for maybe
3,6,9 maybe 12 months then you would be let go

by
| | Reply
Post ID: @Fiyp+1cYOyK4h

I had an HR person from SS reach out to me via Linkden.
Don't recall when.
Doing the we need individuals back song and dance via instant message.
I informed HR that they could try for me and see what happens.
Crickets.
Not even a we're sorry.
That tough and time consuming to apologize.

by
| | Reply
Post ID: @Frfz+1cYOyK4h

I am also a former employee. Have no regrets leaving ssb. Moved onto another financial institution and got a 35% pay increase. SSB will have no employees left with all their best staff leaving. They need to start investing in their staff and IT systems are back in the dark ages.

by
| | Reply
Post ID: @exne+1cYOyK4h

Move the entire company to India and call it a day. Leave the US taxpayers alone.

by
| | Reply
Post ID: @ebyt+1cYOyK4h

Was just shy of 30 yrs when I was let go. Almost 2 yrs in my new company. Went into another business field. Great company to work for. State Street was once a great company to work for.

by
| | Reply
Post ID: @9aml+1cYOyK4h

Merger madness will be a train wreck.

by
| | Reply
Post ID: @6vpg+1cYOyK4h

Absolutely nobody in their right mind and with half a brain would want to come back unless paid properly & in line with the industry, especially given how competitive the market is right now with jobs available. I’ve been with stt for 5 years severely underpaid with my experience and for what I did, and severly understaffed during that time frame; recently received an offer from another leading asset manager offering 25% higher base, and ended up leaving to a private firm with a more than 45% increase in my base and 50% increase in my bonus. I’m for sure not the only one and will not be the last that leaves for brigther horizons…. Good luck if when the Brown Brothers/invesco deals come thru

by
| | Reply
Post ID: @3oyo+1cYOyK4h

@Post ID: @1wtu+1cYOyK4h

I did the contractor thing , I did a 6 month assigment then it was extended another 6 months .
Once it hit the 1 year mark, I was not renewed but replaced by another contractor.

It seems the rule is contractors are only allowed for 1 year .
Seems so foolish to let a contractor who been there 1 year, who knows the rountine.
To be let go so you can waste time training another contractor

by
| | Reply
Post ID: @3ssd+1cYOyK4h

I am a former State Street employee who did interview for several position's as a contractor. I would have considered going back if I was offered the position. Additionally, I am an older worker with many year's of experience in the financial services industry who worked for State Street and JP Morgan Chase. Working as a contractor would be a good opportunity for me. If it didn't work out it would be fine with me since I am close to full retirement age. Of course, that is the reason that I would never be hired.
Just my opinion on the matter !!!
They do rehire former employee's as contractor's especially in certain department's.

by
| | Reply
Post ID: @1wtu+1cYOyK4h

I would only come back if the company had the same Mgmt that treated workers with respect .

I loved working there from 1989 until 2005, the workers were paid well , valuabled by the company.

Now since 2005 with the Bean counters in charge workers were treated as an expense which must be cut.

Layoffs, Outsourcing

by
| | Reply
Post ID: @oru+1cYOyK4h

Why would anybody come back here?

by
| | Reply
Post ID: @fpg+1cYOyK4h

Post a reply

: