Not sure how many people are holding on until they are retirement (or early retirement) eligible. I’ve got less than 3 years and I’m just keeping my head down so as not to be singled out for the slightest things. To be honest, the thought of spending... — read more
Expecting the tap on the shoulder anyday now. Assuming you get to the end of TM without an offer, what kind of package do they pay out? Is it different in Ireland and the USA?
I haven't heard anything about more layoffs, so this is not about that. I'm just trying to plan ahead just in case and I'd like to know how things work. Have there been any changes to severance in the last year or so? How long does it take to receive... — read more
Does State Street really think it saves money if people have such bad training? I would not even call it training. It's a shame really. My opinion is that a company in this way can only lose customers, trust, and ultimately - money. The company's... — read more
State Street is in real trouble. You can tell that by the continued exodus of most of its best people. Everybody who has marketable skills has by now realized that higher pay, significantly better culture, and proper work/life balance are readily... — read more
The best people are long gone. Those who are still here are either looking for a better job, waiting it out until retirement, or are underachievers who won't be able to get a better job anywhere and are milking it for as much as they can for as long... — read more
I marvel daily how this ship keeps afloat. Are our corporations this disorganized?
What does a person have to do these days to earn a promotion? Has there been a company-wide freeze or what? I've been promised a promotion nearly a year ago and ever since then nothing happened. Whenever I ask about it I get the old "it's a done deal... — read more
Any one have info if there will be more IT layoffs coming anytime soon?
Leadership here believes they can treat employees any way they want. We have to deal with intimidation and bullying every day in addition to being lied to and thrown under the bus when they need to cover their backs. It's truly shameful what's being... — read more
State Street (STT) Agrees to Pay a Criminal Penalty of $115M STT 0.89% Zacks Equity Research May 18, 2021 STT 0.89% The U.S. Department of Justice recently said that State Street Corporation STT has entered a deferred prosecution... — read more
Is there a way to volunteer for a layoff? Or is that not an option anymore with employees being placed in Talent Marketplace before qualifying for a package.
Anyone else having issues getting the EE Subsidized health rates that State Street promised during the severance period? I have been fighting with both State Street and Fidelity Net Benefits for 3 weeks now with no progress.....
I remember it was the dream of every graduating high school and college senior to get a job at this company. To get a job here meant you were set for life with a good paying job, chance to advance up the job ladder and job SECURITY SECURITY... — read more
Hearing some layoffs will be coming in the next several weeks. Anyone know in what areas / department?
Just wondering what the comps are for folks working at state street and in comparison to other banks. Titles and compensation
I am looking for an attorney/law firm that will not hesitate to take on State Street Corp. to help with Bullying, Harassment, Discrimination, and Defamation. Thank you in advance for your referrals.
A colleague and a good friend of mine was convinced that he would be fired, everything pointed to that, so he decided to wait for severance pay. Just because of the severance pay, he decided to miss a great chance at another bank, after which... — read more
If STT strategy is to replace US employee with cheap offshore resources in other countries, is it possible that far more than 1200 will be laid off this year in US to make up the head count increase in other countries? By the way, anyone know the... — read more
How long one is paid to be in TM? Will a severance being paid if one can't find a position within STT when TM run out ( if there is a limit)?
If I got this right, not everybody will be notified right away? If that's that the case how long will we have to wait to know if we're safe or not? Do they really plan to keep us guessing and stressing for the better part of the year? I can't see... — read more
Heard someone have received the layoff notice. But have not fund out the severance infor yet. Not sure if there is any severance at the 2021 layoff.
Well...it's official. 1200 hard working American jobs are being cut/eliminated at State Street during 2021. Announcement just made by one of the glorious leaders from the executive management team. Don't say you weren't warned. For the rest of... — read more
Now that we are in 2021, when do you think the layoffs will start?
I’ve spent months looking for another job and I found something very decent in terms of pay and benefits. I know some people enjoy working here; I hope it lasts for you. I know others are looking for a way out; more power to you and I hope you find... — read more
Anyone hear anything concrete about the funding level this year?
https://www.wsj.com/articles/state-street-ubs-are-in-talks-to-merge-asset-management-businesses-11607735564 State Street is having talks with UBS for a big merger, it's been confirmed by multiple news platforms. I have seen many VPs leaving ... — read more
State Street Ending No-Layoff Pledge in 2021 https://www.thinkadvisor.com/2020/12/10/state-street-ending-no-layoff-pledge-in-2021/
This is a generic discussion thread to capture comments about potential State Street Layoffs 2021? Any news or rumors?
Just advised snd no location to replace it. Must go next week to remove our items. Mass layoff or are we really moving? Anyone know?
Laid off State Street workers have been approved in multiple cities for Trade Act Funding. Here is the announcement for Kansas City. See your local workforce or job center for more information. From the Department of Higher Education and... — read more
I used to be proud of this company being one of the oldest financial institutions. It speaks of stability and longevity. But how much longer can a company last when most of their employees are overworked while receiving pay that is below industry... — read more
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
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?