State Street Corp. Layoffs

Topics regarding layoffs at State Street Corp.

Talent Marketplace?

Does anyone know what's up with this new "Talent Marketplace" thing? In theory you are moved from your current role/dept into this marketplace where you'll be matched with another role within State Street. What happens if there are no roles that... —  read more 

Reduced footprint and headcount in US

2021 likely go into be a tough year - employees will not be asked to RTO (return to office). Reducing headcount and company footprint. Wait and see. It’s happening.

VP software developer

The next batch of state street layoff is scheduled at the end of June. Looks like most of the government offices will not be fully open for background checking etc, State Street is determined to throw some employees to the street. With State Street... —  read more 

Go figure

The best time in history to be laid off and state street allegedly slams the breaks on layoffs would love to have been let go on may 1st and have my severance a nice tax payer funded vacation with government bonus through august wonder if the... —  read more 

VP level senior developer

Many employees in State Street have received notices to be laid off at the end of April. It is the very few big banks doing layoffs at the peak of COVID 19. Guess State Street is financially expecting a big lose in the immediate future.

Principal Software Engineer

While State Street is keep doing layoff of US works, it do kept many temporary workers from India at office. This looks just the new culture trend of the company.

Facts Please

Has anyone been laid off in the last few weeks? Have you heard about anyone being laid off in the last few weeks? Any rumors about layoffs in the next few weeks?

Lay-off 2020

Are there Aditi on SL layoffs planned in GTS (global technological services) ? Please share only authentic information.

New 2020-2021 Targets

New targets in headcount reduction for High Cost centers announced. Nearly 3,000 impacting all departments over the next 2 years. This is in addition to the normal ones. This is going to be major Impact to Clients and services.

How to get a job in another industry

I am 49 and have worked in various roles in financial services my entire career. The last few years I have worked in risk, audit and compliance. I have been looking for a new job in risk, compliance and audit at other banks and investment companies... —  read more 

Market Sell Off

The layoffs will ramp up now big time given the market sell off. March 4th and 11th will prove to be very bad days.

bonus pool 50% from two years ago

Left Eaton Vance to work at SSGA. what a joke, first year they prorated the bonus, second year and 4 managers later it was halved. if you have a job offer from them, do not accept it!

Just got notice will be let go next month

After over 39 years I am losing my job. I really enjoyed this company when I first started. It was a great place to work. Over last 10 years been threatened with lay offs all the time. Can’t believe how down hill it’s been going. It is... —  read more 

Toxic place with clueless execs - future looks dim

When ex McKinsey and booted Mellon guys run the show, things only go down. It’s a shame to stay in place like State Street if you have any skills. Hopefully BoD sees it soon, otherwise rudderless sheep is bound to sink. Where is my alpha???

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Extensive cut that hurt employees

Just got the notice today of being laid off, I work hard on a daily basis, yet can't escape the fate. I am petty for my co-worker because it is not like we are sitting at our desks doing nothing, the person who stays is going to pick up the extra.

Expect more and more IT layoffs in 2020

SSC Execs, including the new CEO,love to hold employee calls to basically provide lip service, so staff that remains does not walk away. IT will be hit hard with layoffs again in 2020. If you are offered a job with this company, run away like it is... —  read more 

Offshoring Options

In GAO Area. We were told early June we will WebEx train India on our jobs. Of course, they have said nothing to us about being let go and tell us there is no time frame. Then we were told last week we are way behind in how many of our clients we... —  read more 

State Street W2

Where can I get a W2 to be downloaded. I am a former employee. I've been laid off in 2019, but now I need State Farm to issue me a W2 for the time I worked there. Thanks for your help.

Another 750 layoffs -

January 17, 2020 State Street expects to eliminate 750 jobs in so-called “high-cost” locations this year, executives said Friday. Last year, 3,400 positions were cut. The headcount reductions are part of an overall plan to lower spending by about... —  read more 

State Street 3,400 job loss

State Street Corp. reduced its headcount by 3,400 employees last year as part of a cost savings initiative, more than doubling the number of job cuts it had anticipated at the outset of 2019. The company (NYSE: STT) revealed the figure Friday... —  read more 

Merit and Bonus Pools

Anyone hear anything in regards of this year’s merit increase? Got squat last year and am hoping for something better, but I am not going to get my hopes up.

Bottom Line

The goal is 85/15 offshore/onshore by 2022. That’s all people need to know as the bottom Line-and the future for all employees here. Currently Operations- Now is at 50/50. So quite a few more to go over the next 12-24 months.

Layoff Jan 8th

Layoff happening on Jan 8th. Confirmed. I expect it to be a huge one atleast 10% ON IT dev and 15% in IT SQA.

State Street Slashes DLT Developer Team

For all those doubting State Streets layoff plans....and critisizing those who have tried to warn our fellow employees about what was coming....why dont you tell it to the 100 or so members of the Blockchain development team that have been let go... —  read more 

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