This might sound crazy, but has there been any attempts from employees forming a labor union at State Street Corporation? I know Wells Fargo employees made some attempts. But I couldn’t find any articles online to unionize at State Street Corp. I... — read more
Leveling is out of level
How many times can a company say the layoffs are related to reducing the layers of the reporting structure? Yes that is a rhetorical question. I see an increase in EVP and SVP level positions reporting into the same level. Why is this happening with... — read more
How does the Talent Pool work
Anyone have any idea how the talent pool works? We were told this week that our MD just got added and I have no idea what that entails. I know it means they are on their way out, but what are the ins and out? Guy is still in his office everyday... — read more
State Street set to acquire outsourced trading firm CF Global
Not sure if this will impact us, but wanted to share. https://www.thetradenews.com/state-street-set-to-acquire-outsourced-trading-firm-cf-global/
Bonus payout date?
Has anyone been notified yet of their bonus and when the payout is? Asking because I need a start date for my new job next month :)
This bank has the worst technology.
Have State Street ever been sued for unfair labor practices?
I understand if employees receive a severance package they agree not to sue, but have you heard of any stories of former State Street workers that sue or threaten to sue the company for unfair labor practices? I don’t need names but was wondering how... — read more
Finished off my team’s TCP and for anyone who tend to get their hopes up, this year wasn’t anything special. My manager reiterated the same thing with me during my one on one with him. Minimal decrease in both merit & bonus for my staff. I have no... — read more
Base pay amounts based on title
I’ll start: Avp 105k base and expecting a 10k bonus
State Street pays well below market
Just heads up, I was not as aware of this until I started interviewing, receiving offers and working elsewhere-looking back at State open positions: State Street pays well below market. Just FYI
401K Benchmarking Exercise - Assistance Requested
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
If you don't go into the office, they will FIRE you! Long live COVID!
State street and BBH deal - what happens now?
Since the act of acquiring BBH flopped, I am sure at this point BBH is desperate for more employees since a lot have left in anticipation of the takeover. But ultimately they are so small that I can see them being a target in the future. and STate... — read more
Employee Surveys & Reviews
At the current state, don’t voluntarily fill out any employee surveys until you secure another job. Company is not being completely honest with what they do with our responses. It’s not Anonymous. Sure, they can use a third party service to make it... — read more
IT Salary Bonkers …… HOW??????
I’m two years out of college and at the moment earn 55,000 per year. A recruiter contacted me a few weeks ago and I ended up applying for a systems engineer role. They’ve come back and offered me the job but the salary is 165,000 per year, I’m so... — read more
State Street Layoffs 2023
This thread is for info about potential State Street layoffs? Any chatter, news or rumors?
We shouldn’t hate on HB1 and Offshore workers
Public service announcement: I see a lot of resentment towards HB-1 and offshore workers. They are not the bad guys. I bet most of us would do the same if given the opportunity. In most cases the foreign workers don’t know that they are replacing... — read more
Signs of Quiet Firing
I know this site is discussing our cherished pastime of State Street Layoffs, but I would like to know some obvious signs of ‘Quiet Firing’ from long time survivors at State Street. This is where the company deliberately make your job miserable to... — read more
Does anyone know when they are going to announce the punishment for not coming into office? I heard unofficially they will pull raises and bonus
Are they going to announce this or planning to surprise people in feb with tc discussions? Also heard this is a start to terminations. Any more info anyone?
Hearing news that some functions will be brought back on-shore
Due to a total collapse in service and insane staff turnover in India.
What roles in STT have the most trasferrable skills?
Been working at STT for less than a year, and so far no much complaints, but curious about roles where you pick up skills if you want to move on to other employers. Also, how hard is it to earn up to 120K here?
Being asked to return to office?
My team was abruptly told to return to the office, effected immediately. Curious if anyone been asked to go back. Allowing employees to work remotely is only benefit that saving the company from loosing employees. Why yank it away from them when it... — read more
Did anyone get more than SSB Announced?
4 of my 5 team members got the same %, anyone see anyone get anything outside of what was in the announcement? The 5th did not due to a recent promotion.
State Street is not a company employees want to work for anymore. It is failing and people have/are jumping ship, or doing bear min
I have been trying to figure out what exactly is the biggest issues with the company and I've narrowed it down to: 1-hyper focus on cost cutting at the expense of everything else: there are not enough people with skills and knowledge at State... — read more
Anyone know what that’s about in Quincy?
Couldn't it stay that way?
This used to be a company where most employees felt valued. At one time, loyalty, hard work and competence were valued and rewarded here. I wonder why it couldn't stay that way? Today this is a totally different company.
We need a younger workforce
I know I'm going to get hate for this, but it needs to be said. There are too many old people working at State Street who are holding the company back by being stuck in the old ways and resisting any kind of change, even when it would be beneficial... — read more
I can assure you all
There is indeed life after STT. I left after a decade plus of working king and hard with a high degree of excellence. I kept hoping STT would get it’s act together. They did not I got an interview immediately and was hired within a day of my third... — read more
You're always working
State Street doesn't give a damn about its employees. This is a toxic and stressful workplace I wouldn't recommend to anybody. They want us to be available all the time, weekday, weekend, day, night... You can never relax during your time off because... — read more
How many more people do you think will leave with ‘connect week’
Everyone leaves. State street solution? Strong arm them into the office.
Boost employee morale
There are fewer highly skilled employees and morale is very low. It is worrying that the management completely ignores it, or at least that is my impression. Is it so difficult for State Street to do something to boost employee morale?
Consolidating offices in Qyincy ?
Is the rumor true they will be consolidating their offices in Quincy to save money ? They seem to have a few redundant offices in Quincy, which they could move staff into other buildings in the area
State Street needs leaders with vision
It's become miserable to work here because our leadership has no vision. They seem to have completely lost their direction. Do you too think that we are just very lucky that things aren't much worse here, given what our leadership is like? A... — read more
Anyone surprised how little work is done at a new company after leaving Slave Street? Ever worked so hard that you developed awesome multitasking and process improvement skills that makes your new job a piece of cake? That certainly was the case for... — read more
What's one improvement that you'd implement at the company right now?
Just one. Let's say you had all $$$ and power to implment it.
I'm feeling exhausted
Sorry for my venting, but I don't know how much longer I will be able to work at this pace. Without exaggeration, I have been working for two or even three people for months now, and I can't get a better job. I almost don't have any work-life... — read more
I have reason to believe st str will have layoffs soon- can someone confirm
Reasons- the market, and how this company penny pinches. executives in the office talking about headcount and cost savings they need.
Better jobs are not just better paid jobs
Many people point out how much more they are getting paid since getting a job in some other company. Of course, pay is very important, but it is not the only and most important priority for everyone. Besides getting paid more, I'm more interested... — read more