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.
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I saw a report now 6 months later, the reqs are open, State Street just moved them overseas. The December 2023 planned layoffs, they're jut going to hire in Ireland and India. If you work at state street, any job, but especially tech., get your resume in order and out asap. Take care of yourself, your family and your health first, State Street really doesn't care about us.
India.... The postings went to India. Namaste.
Deloitte replaced outside agencies. Contractors were pushed over to Deloitte - no raise for contractors but Deloitte is charging more than the small agencies. Conflict? Board? Unethical?
One favorite method of Mgmt to have people quit is the famous, double and triple their workload. After a few months sometimes 1 to 2 years. The workers suffer from mental and physical stress of being overwork. The person quits and the company is thrilled they don't have to pay severance.
Now they can replace the person with a contract worker or h1b worker.
Good question. The goal of these ‘leaders’ has been doing favors for one another at the expense of workers. They move us around like cattle.
- Quiet Fire employees whenever possible.
- Quiet Hire (covertly onboard) half a thousand workers from consulting firms.
It’s a humiliating experience when employees are force to work in an empty office just to jump into zoom calls to train remote consultants to replace us. To add insult to injury consultants are getting paid more. Oh yes, salaries are being compared among workers. I believe overbilling the company is part of the scheme.
I hope this corruption is cover one day for our mandatory trainings.
What is the goal? Are they quiet hiring or trying to avoid layoffs/severance?
Thanks for pointing out the board of directors. Maybe that explains why there’s several hundreds of Deloitte contractors that joined State Street Corporation over the last quarter.
Deloitte-takes the least look whose on the board-
Depends on your business function or region but there are freezes or other rulers in place
Heard they were reshuffling the deck by only “hiring” internally. asking people to volunteer to be moved to new teams.
Global markets has been in a hiring freeze since April. It was to end in June but was extended to August.
Many of the job postings today are
(1) H1B LCA posting for Labor Dept (700,000 H1B visa applications per year)
(2) Green card LC posting for Labor Dept.,
(3) Postings to boost stock price, manager collecting knowledge from industry workers who actually do the work.
(4) Duplicated posting
The job openings are always overstated.
Its about time the Federal government start cracking down on companies abusing the
H1B system.
They use the same excuse , " we cann't find enough qualified U.S workers, so we have
to import them.
Sort of like when Walt DIsney World got rid of its entire IT dept and brought in
H1B workers to run their IT dept.
HMM doesn't sound like lack of workers, maybe a way to cut costs at the expense of U.S workers
I bet State Street Corporation post jobs as a formality to show they made an 'effort' to hire onshore workers. Do they actually interview candidates and intend to hire workers? Who knows. But I've been suspecting for a long time that the company reports to the government that the company must hire overseas workers because they don't have enough qualified U.S. workers.
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Nope the company is getting ready for its yearly layoff, the same yearly layoffs they
been doing for 19 years
Most likely they are having a hiring freeze and re-evaluating positions which are actually needed vs nice to have. It is all part of being prepared for turmoil in market conditions and tightening the belt accordingly