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
I’ll start: Avp 105k base and expecting a 10k bonus
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
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!
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
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
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
This thread is for info about potential State Street layoffs? Any chatter, news or rumors?
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
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
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?
Due to a total collapse in service and insane staff turnover in India.
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?
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
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.
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?
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.
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
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
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
Everyone leaves. State street solution? Strong arm them into the office.
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?
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
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
Just one. Let's say you had all $$$ and power to implment it.
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
Reasons- the market, and how this company penny pinches. executives in the office talking about headcount and cost savings they need.
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
14 Signs It's Time To Leave Your Job You lack passion. You don't wake up with a feeling of excitement towards your job. You are miserable every morning - you dread going into work. Your company is sinking. No need for you to sink also. Put on... — read more
Are any layoffs coming soon? I am hopeful, I doubt it though since the entire bank is chronically understaffed. I’ve gotten so sick of the huge workloads, discrimination, finger pointing and blatant lack of respect state has for the people working... — read more
Mine started with 7 people on the team. There have been multiple turnovers and so far this year one person has quit and there are two pending resignations. I now have five employees. Two came on recently. It's the same vicious cycle every... — read more
Or are people who are unvaccinated still WFH?
I’m not a newbie at State Street, nor is this my first work experience. Despite all my previous experience, lately I can barely cope with a huge amount of work. It really isn’t a job for one person. And then some advise me that I should work... — read more
My friend works here as a contractor. It may not be the right place to ask that question, but I would like to know if anyone knows what's the possibility is of a contractor being hired as a permanent employee? I don't know of any such case, but maybe... — read more
Does anyone know if state street has or is planning to actually enforce these? I know they said you need to have a booster now in order to get in the offices-in North America at least, and that you need to be in the office if that is your role but I... — read more
Or is there no need due to increased attrition?