State Street Corp. Layoffs

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Topics regarding layoffs at State Street Corp.

BB&T and Suntrust

Huge merger. This is the beginning of mega sized banks. Who will STT merge with? Goldman’s? Vanguard? Fidelity? This is likely why the rapid acceleration on layoffs. I have no inside knowledge but it makes sense. Only the large survive in this global... read more

Layoff Wednesday Feb 6 2019

First Wednesday of the year month couple in IT group got the HR call . What a poorly run organization --- and group in Connecticut still standing!

Ignore this while thread

There’s clearly trolls feeding bad info. There’s one that bitter beyond compare giving angry desosrate “advice”. If it happens to you I’m sorry. We all might get a pink slip. Keep your dignity. Keep your head. Don’t panic or do anything rash. Update... read more

Looks like everywhere is better than SS

I see a lot of my college friends that work in the same business are doing better than I’ am. They make better money and definitely have enough time to spend with their families. Don’t get me wrong, those are some people, and I also am a high... read more

Management doesn't care

Is there anybody here who actually feels like this management values us as employees? They simply don't care. They keep piling work on us and expect us to do it for same pay. And as long as you show that you can do it, even if that means seeing your... read more

We see the writing on the wall

Given they admitted to hiring over 30% of workforce over last 5 years.... you can expect 30% + 15% to be laid off at the very least.....there will be 45% to be cut easily. Companies make deals with the state to create “x” amount of jobs. They get big... read more

Curious

I think there’s a lot of geresay abd innuendo on this thread. Unless there are hard facts being put on here you’re dealing with spammers, trolls and disgruntled Forbes employees. Wecall heard the comments from O’Hanley there will fe lstoffs, there... read more

Is it hard to get a new job?

The one that would pay similarly to what we earn at State Street? I'll admit, I've been here for too long and now I find the whole interviewing for a new job process rather daunting. I think that might be the main reason I haven't left this place... read more

Plan Ahead

Layoffs will all happen by END OF 2019. Plan accordingly. They've given you ample notice to make arrangements for what's coming.

What is going on with all the buildings ?

What is SST doing with all the buildings on the South shore , are they selling them or renting out floors to earn money. I just heard on the news how they have plans to move headquaters to One Congress tower in Boston. And did they not move some... read more

Constant reorgs

I’m a relatively young worker who hasn’t been long at the company, so I suppose I still have the energy to take all the bull and frankly I don’t see SS as a lifetime career option, but I honestly don’t understand how the long-time workers can take... read more

So who is safe?

Are the AVP’s? Don’t they need a few “top” ppl yo run the show? Don’t they need workers already trained? Are they going to just shut it down in Boston completely? Aren’t the elected officials concerned in the least? This is a major employer in the... read more

Interesting strategy

My coworker got into a car accident and he has been in short-term disability for almost 2 months. He did not get hurt at all as he texted us and was laughing he got lucky. So he did not get laid off (YET)

Dagnabit

Just when I was hitting my stride feeling really good about my work my life my career etc. really s*cks big time Who will be left in MA ceo his secretary and the guard?

Maybe it’s just ptsd

But I feel like it’s going to be 2007 all over again and when all is said and done that will be the good old days comparatively speaking. I have no optimism or hope or illusions the other investment banks will skim the cream of the crop and the rest... read more

I wish we knew today

Honestly, I'd rather know I've been laid off and work from there than have to go through who knows how much longer of constant stressing and guessing. This is not the first time State Street did something like this and I'm certain it will not be the... read more

So how soon will this carnage take place?

I know it’s been ongoing with the 7000 but this additional bloodletting when will it commence? Should we expect this week to see moves? Is there any division more vulnerable? That statement about high cost locations so is all of MA at risk? And I... read more

Some useful advice

Advice from a fifty something.... I am telling you all right now, if you have debt, get rid of it. NOW. Anyone who is living paycheck to paycheck and in debt because of mortgage, cars, student loans, credit cards, you need to sell that home you can’t... read more

London Lay-offs

Does anyone have any news or insights into how many people in London may be affected?

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