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
Topics regarding layoffs at State Street Corp.
A few folks were notified on Friday that their positions were eliminated and they were headed to the marketplace. Mostly MD or above.
What do folks know about talent marketplace? If you don’t get picked up in 90 days do you get shown the door?
A few areas are being told to find another 20% to cut in Q1. Good luck to anyone still around.
Any news of anything happening from now to end of year as far as lay offs?
For anyone who is still working at State Street, is it normal to be on hold with them for over 30 min?
Does anyone know what's up with this new "Talent Marketplace" thing? In theory you are moved from your current role/dept into this marketplace where you'll be matched with another role within State Street. What happens if there are no roles that... — read more
Then a major crash. Prepare. This time there won’t a dead cat bounce. Life as you know it is about to change for the worse.
2021 likely go into be a tough year - employees will not be asked to RTO (return to office). Reducing headcount and company footprint. Wait and see. It’s happening.
The next batch of state street layoff is scheduled at the end of June. Looks like most of the government offices will not be fully open for background checking etc, State Street is determined to throw some employees to the street. With State Street... — read more
The best time in history to be laid off and state street allegedly slams the breaks on layoffs would love to have been let go on may 1st and have my severance a nice tax payer funded vacation with government bonus through august wonder if the... — read more
Many employees in State Street have received notices to be laid off at the end of April. It is the very few big banks doing layoffs at the peak of COVID 19. Guess State Street is financially expecting a big lose in the immediate future.
While State Street is keep doing layoff of US works, it do kept many temporary workers from India at office. This looks just the new culture trend of the company.
Seeking someone laid off as a recent of Coronavirus cutbacks and willing to talk about layoffs. Please contact: [email protected]
Has anyone been laid off in the last few weeks? Have you heard about anyone being laid off in the last few weeks? Any rumors about layoffs in the next few weeks?
I expect layoffs to be announced soon.
No severance. There will be so many heads cut all at once and no severance. No money. This economic crash will destroy state street.
You’re going to lose your state street job by July 2020. Bye.....
Get ready....you’re going to be unemployed for a long time.
Are there Aditi on SL layoffs planned in GTS (global technological services) ? Please share only authentic information.
New targets in headcount reduction for High Cost centers announced. Nearly 3,000 impacting all departments over the next 2 years. This is in addition to the normal ones. This is going to be major Impact to Clients and services.
Discuss if you have something to add or ask a question.
I am 49 and have worked in various roles in financial services my entire career. The last few years I have worked in risk, audit and compliance. I have been looking for a new job in risk, compliance and audit at other banks and investment companies... — read more
The layoffs will ramp up now big time given the market sell off. March 4th and 11th will prove to be very bad days.
Left Eaton Vance to work at SSGA. what a joke, first year they prorated the bonus, second year and 4 managers later it was halved. if you have a job offer from them, do not accept it!
No posts. Hmmm.. Fear?
After over 39 years I am losing my job. I really enjoyed this company when I first started. It was a great place to work. Over last 10 years been threatened with lay offs all the time. Can’t believe how down hill it’s been going. It is... — read more
When ex McKinsey and booted Mellon guys run the show, things only go down. It’s a shame to stay in place like State Street if you have any skills. Hopefully BoD sees it soon, otherwise rudderless sheep is bound to sink. Where is my alpha???
Just got the notice today of being laid off, I work hard on a daily basis, yet can't escape the fate. I am petty for my co-worker because it is not like we are sitting at our desks doing nothing, the person who stays is going to pick up the extra.
Next round of layoffs. 2/5 and 2/12. Buckle up. Let's hope they cut the fat cat executives, because it is the workers that run the company.
What's your guess on how many employees the company will have before the end of the year? How about the overall headcount? And headcount at Boston?
SSC Execs, including the new CEO,love to hold employee calls to basically provide lip service, so staff that remains does not walk away. IT will be hit hard with layoffs again in 2020. If you are offered a job with this company, run away like it is... — read more
In GAO Area. We were told early June we will WebEx train India on our jobs. Of course, they have said nothing to us about being let go and tell us there is no time frame. Then we were told last week we are way behind in how many of our clients we... — read more
Where can I get a W2 to be downloaded. I am a former employee. I've been laid off in 2019, but now I need State Farm to issue me a W2 for the time I worked there. Thanks for your help.
January 17, 2020 State Street expects to eliminate 750 jobs in so-called “high-cost” locations this year, executives said Friday. Last year, 3,400 positions were cut. The headcount reductions are part of an overall plan to lower spending by about... — read more
State Street Corp. reduced its headcount by 3,400 employees last year as part of a cost savings initiative, more than doubling the number of job cuts it had anticipated at the outset of 2019. The company (NYSE: STT) revealed the figure Friday... — read more
Anyone hear anything in regards of this year’s merit increase? Got squat last year and am hoping for something better, but I am not going to get my hopes up.