In the realm of stocks, a tale unfolds, Of NTRS, once vibrant, now feeling the cold. Its price, a star that once brightly shone, Now struggling, faltering, feeling alone. Investors hoped for gains, their dreams set high, But alas, NTRS... —  read more 

All asset based fees will be hit, which is a leading indicator of layoffs

...you know what this means...Get prepared

Leaving the company soon. Anyone know if theyll pay me my unused pto?

Been here just under 18 years. NT is nothing like it was over 25 years ago, layoffs every 1-2 years, they work with Boston Consulting Company, morale is awful and more cuts happening. I am in same boat as you, looking for an organization that is... —  read more 

Ok so the company I work for within this industry is FULL of non stop complaints, issues and frustrations of the company on this website. What’s the deal with NT? Why’s there no one complaining nonstop on here??? Do I work for the wrong company?... —  read more 

Things are not looking good at NT or the banking sector in general. I think we're headed towards another major round of cuts within a month or two at the latest. Usually, I wouldn't be that worried, I know my worth and I know what I can offer to... —  read more 

Be prepared for RIFs, every other company in our industry is having them.

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... —  read more 

Any word on bonus pools this year? In bad market years past it has not been pretty.

Overemployed is a taking 2 remote full-time jobs to diversify income streams. https://overemployed.com/ https://www.reddit.com/r/overemployed I know people that have been doing this for years

Keep Jobs at home – Tell NT/B3 and politicians that >75% of bank jobs must stay in USA The automobile industry is required to have 75% domestic content under NAFTA. Should US-based banks also be required to keep 75% staff in the USA? (Yes) If... —  read more 

Quiet Quitting is the intentional employee dis-engagement from the workplace, doing the minimum to get by, lacking all enthusiasm for the company and its “mission”. U.S. employee engagement is falling, according to Gallup data, but Gen Z and... —  read more 

Everything you do on a company PC can be recorded, like looking at this page. This info can be used to score the most/least active employees and can help identify those for termination. This software is best for tracking activity or quantity of... —  read more 

The MSCI ESG Investor Snapshot on NTRS, dated May 31, 2022, noted Northern Trust client lawsuits under the category of Recent ESG Controversies. Client lawsuits raise the question of whether NTRS Governance standards & practices fully meet legal... —  read more 

If the Q2/Q3 2022 ROE falls below 14%, layoffs are forecast by late 2022 or early 2023. NTRS layoffs in the USA typically increase as the ROE trends downwards. For example, ROE fell below target before the major layoffs called "project excellence"... —  read more 

NT India has 5600+ jobs. How many jobs in Chicago? About 4000-5000?

Ken Griffin expressed concerns in an interview with Bloomberg News. “We’re getting to the point that if things don’t change, we’re gone,” Griffin told Bloomberg. “Things aren’t changing.” The Citadel concern is shared by many IL companies -- costs... —  read more 

www.Execpay.org reports "Top executives at Northern Trust received an average $5M per person in annual compensation from 2006 to 2021". 2012-2021 NTRS Exec Pay of $295 million exceeded the $250 million "Value for Spend" plan. From an ESG... —  read more 

ESG gurus just banned Tesla for not being ESG enough while Exxon is OK. WTF! NT is very exposed to ESG indexing... but when investors realize that ESG is leftist BS they may exit these strategies. They should. NT does not have the economies of... —  read more 

We knew this was coming, and finally it's here. Over 1,000 people will be laid off by Northern Trust in the following three years. Frankly, the way things have been going here for the last while, i'm surprised the number is not larger. Damn, it will... —  read more 

I've been in some initial discussions with Northern Trust. Is it a good place to work? Any long-term flexible work arrangements for some roles?

Insiders avoided $9 million in losses by selling ahead of the 2022 decline. "Our core principles —Service, Expertise, Integrity (& insider trading) — have remained constant since our... —  read more 

"The boss of Chicago's largest locally headquartered bank cashed out more options in May and December than the number of shares he currently owns." December 13, 2021... —  read more 

NTRS close on June 17, 2022: $91.68 NTRS close on June 9, 2017: $91.75 More sales and profit would help...but growth is slowing so that leaves layoffs

Brennan Hawken forecasts bank layoffs coming. Is it just a coincidence that he covers NTRS for UBS? June 1. https://www.businessinsider.com/wall-street-hiring-freeze-layoffs-investment-banks

Layoffs typically increase as ROE trends downwards. And falling asset prices cause variable fees to fall. So, does the 2022 bear market point to NT layoffs? What is the correlation? The NTRS Q1 2022 ROE of 14.2% was in line with the target range... —  read more 

"The Northern Operating Services Private Limited (NOSPL) was launched by Northern Trust in Bengaluru and Pune in 2005 and 2016 respectively. NOSPL combines the Northern Trust heritage of market-leading products and services with a highly dedicated... —  read more 

Starting a job with NT next month and they’ve asked me to bring proof of vaccination. I have the first dose but have not gotten either of the boosters. Can anyone tell me what Northern Trust requires as far as vaccination goes?

Financial analysts at NT Bangalore report on Glassdoor that annual compensation averages 335,000 indian rupees ($US 4,400). This is less than 10% of comparable Chicago wages. NT can hire 5 Bangalore analysts for each Chicago layoff and still cut comp... —  read more 

The WFH era for US employees is now threatened by increased offshoring to cut US costs and to follow managers that are offshoring as fast as possible. NT has offices in about 20 US states but already has a network of 11 offices across Asia-Pacific... —  read more 

SEC FORM 10-K For the fiscal year ended December 31, 2021 Page 15. "Northern Trust employed approximately 21,100 full-time equivalent staff members as of December 31, 2021. The regional breakout of our workforce is 43% North America, 39%... —  read more 

Q4 2021 Results - Earnings Call Transcript. January 20, 2022 Page 7. ..."the current quarter included $9.5 million in charges related to severance and a pension settlement, while the prior quarter included a $6.9 million pension settlement charge. ... —  read more 

Source: NTRS Q3 2017 Earnings Call October 18, 2017 (BB speaking) “Now turning to Page 10, as Rick previewed, we would like to spend some time today walking you through a focused expense management initiative that we have launched this quarter which... —  read more 

I have a good friend who was recently laid off after many years and multiple promotions. This is a "good old boys club" and layoffs are not being done with any attempt at fairness - it's who you know and who will cover for you. Also many new "sharks"... —  read more 

The days of ethical practices at Northern Trust are long gone. Today it’s a pit of vipers stabbing each other in the front and the back. I truly feel for those few good souls left standing while Mike O’Grady engineers the sale of the company... —  read more 

It has begun.

Do you have any updates about rumors on Layoffs for NT for June and July 2017. What's the likelihood they will have job cuts again and if you know, I know it's just a rumor for now until it's published, what levels will be affected. How about... —  read more