I know the company was desperate to save money but replacing temps with temps? I signed a 3 month contract to work at State Street. After my 3 months was up they extended my contract 4 more times for a total of 15 months. After I hit 15 month they... read more
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Topics regarding layoffs at State Street Corp.
Do they usually do it in the morning or all day?
Go look at all the other companies in the “layoff.com”, every company is laying off over 50 crowd. We’re f#kced.
A little bird told me.
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
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!
When I used to work there, one major issue I had was the way single people were treated verus married people. When they need somebody to work the weekend your the one they asked, because your single. When they need somebody to work overtime your the... read more
Does anyone have current info? Glassdoor.com has such a wide range. Starting Salaries No Staff $$? With Staff $$?
USA payrolls surge by 304,000 new jobs.
Anyone else not as busy?
State Street built 1 Lincoln center downtown Boston. Then sold it after tax credits were used. Then they rent it. Lease ends around 2022. So they have to down size
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
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
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
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
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
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
Layoffs will all happen by END OF 2019. Plan accordingly. They've given you ample notice to make arrangements for what's coming.
No jobs out there for over 50s
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
Hardly any at channel center that I am aware off
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
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
I've been with State Street for nearly a decade, and in that time I've seen at least five restructurings or reorganizations or however you want to call them. Three out of those five times included changing buildings - at least for me personally... read more
Probably someplace with a lot of good technology is my guess...
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)
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?
I knew 3 really good employees that got laid off last year. Each of them landed similar jobs at same pay level (they are all VPs) 2 moved out of state and love their new locations. I'm not even getting any bites on my resume for any out of state... read more
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
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
Damaged! It’s becoming tough for IT people to find a job with Statestreet in resume.
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
In December they announced unemployment numbers were at an all time low and the economy was strong and doing great!!!! Things have never been better!!!! Cheer up!
Are all the direct reports to someone who got laid off next in line to be cut? How will next boss know who worked hard and who didn't?
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
The layoffs have been going on for at least 15 - 20 years. If you have a network of former and current employees of State Street believe me you would be surprised how long they have been planning on sending a large percentage of US positions to India... read more
I mean cmon how many people are going to even do their jobs correctly anymore? What’s the point if most of the workers are getting laid off this year? Someone please explain because I feel like I’m not getting all the facts. Why should Jack and Suzy... read more
Does anyone have any news or insights into how many people in London may be affected?