Charles River Development, one of the companies State Street acquired, just dumped a bunch more US employees, and moved the jobs to Ireland. Bravo State Street! Lets keep eroding the US tax base. Suggestion to people applying to State Street or... — read more
Layoffs this week
Why am I reading about layoffs happening yesterday? We haven't heard anything and nobody in our team was affected. Does anybody know if this is something that actually happened and if so, what was hit? Also, should we expect more cuts throughout the... — read more
Bonus
I think Ron should split his entire bonus one year to all of the company employees. Maybe they will try and force us to get another shot. Don’t do it! More work less pay and no reinforcements on the way but hey kids out of school with no knowledge... — read more
what is going on in Quincy?
Had a meeting in the john adams building today and the entire 4th floor is all Middle East or indian males. Walked by no less than 200 people and not one was a poc, female or caucaisan. The person I was meeting with took me for a tour after our... — read more
Q1 2025 layoffs on the horizon
Heard the new year will come with layoffs. Shocking. Not. Happy Holidays!
Year End Reviews
Are the senior managers dictating the average "3" rating for the employees to control the bonus payouts towards the lower end.
Layoff 11/18
I heard the last layoff date was 11/18-but not seeing anyone post, anyone get laid off?
Incoming layoff date?
Nov 13 or Nov 20? - a Wednesday convention? Can we negotiate an earlier TD?
State Street Layoffs 2025
What are your thoughts about potential State Street layoffs? Any chatter, news or rumors?
Will layoffs continue in 2025?
I know November 20th is the last schedule staff reduction date for 2024, but has anyone heard anything on them continuing into next year?
Union for State Street Employees
I am not a big fan of Unions but I think ib this case lower level employees would benefit if State Street Corp was a union shop. Bet we would have better benefits and perhaps a raise that actually makes a difference. Anyone ever attempted that ?
This week's cuts
I've heard some people received their notifications, does anybody here know more about it? Was it just a few targeted people or was it something more significant? Is it over or can we expect more tomorrow? I hate there's so little transparency from... — read more
Mental Health
If you really care about yourselves and your mental care, get out of here. I am free of this joke of a company since June.
Think half my department called State Street’s bluff.
Not sure any other offices are the same, but after a month in Quincy, I am not seeing full compliance with the 4 days in the office mandate from more than half my department. My SVP told us to basically do it for another month and if no one else... — read more
New RTO on June 30th
Has anyone heard how they’re policing the new change in RTO? The first one was a big joke once everyone found out they weren’t being tracked or penalized. Does anything change with that come June 30th?
Query on Unemployment Insurance in MA
I got laid off in May. During the GHR webinars, I understood that in MA, severance is not considered as income and we could claim UI (Unemployment Insurance) soon after being laid off. I applied for UI the next week of lay off. I received notice of... — read more
Next layoff date - July 10th
Next notification date for reductions will be July 10th with an end date of September 20th.
Next Layoff date?
Anyone any idea of next layoff date? Is it September or will there be a round in July also
AWA
Has anyone heard they are reconsidering AWA?
Next layoff date - May 1st
Notification Date of May 1st with an end date of July 12.
Severance & UI
May sound like an insensitive inquiry but the UI decisions varies from one company to another so i have to ask or wait weeks for an answer. From anyone that received severance, did you manage to get UI at the same time or were you told you’d only be... — read more
Rumor 1,000 more layoffs soon to come; SS needs to be transparent about USA impact
This is rumor from a well-connected source. At least people aren’t learning about it first at a Goldman Sachs forum. Hey does that mean more USA jobs can be shipped to China etc. and cr-ppy vendors so the exec team can buy yet more lavishness? It’s... — read more
Next round
Next round week of 5/10/24. And every other month until eoy. Can anybody confirm this? Is this just guessing or has there been an announcement of some kind about it?
Any layoffs today?
Has anyone heard about layoffs?
Live in NH & Work in MA.
So in July I have to go into Boston to work. Can anyone explain how much this will cost me in terms of paying taxes? I’ve been working at home as an OSL since 2022 and never had to pay any taxes to MA.
Boston SVPs being replaced by India
So three SVP that have been with SSB for a number of years ...their positions are moving to India. This was announced in a company wide email. Who will be next? Seems there is no loyalty whatsoever any longer.
RTO
If we just refuse to comply and they fire us, would we be eligible for unemployment? I have been working from home since 2017. My agreement was either 1 or 2 days in the office. I would say they arguably changed our work location involuntarily. Just... — read more
SVP approvals for OSLs should be independently audited by Fed
Some OSLs were already targeted, despite being brought into the firm with remote provisions. It would be interesting for a study re which OSLs got SVP approval and why. If someone working in MI (with no other related personnel in MI), is supporting... — read more
Say goodbye to AWA and OSLs in July
The other shoe is dropping on the four day RTO. Email coming next week basically saying every non medical flex schedule will be forced back in four days at the end of June. You will need to re-apply and get SVP approval to have any deviation... — read more
You think you will make a career here?
SSBT is now the worst bank with little to no regard for employees, especially if you are UK/USA based. Company is riddles with consulting firms. Hire cheap labor, think HCL, stating they are cheaper and available 24x7, while their delivery is less... — read more
Bonus
Don’t fret boys and girls I’m part of the meek and insubstantial.no raise and less than 2% bonus. I am happy though that Ron and the boys will be able to put caviar and champagne on the table for another year
Beware of consultants at State State
All the recent posts unlock a memory and role I had at State Street. Awhile back I assigned to a project involving the creation of PowerPoint slides for management, with deck names like 'Global Footprint,' 'Workload Profiles,' and 'Follow the Sun... — read more
Comp Payouts
Any word on bonus payouts , is it as bad as advertised ?
old story, fire in Boston, hire in Ireland, India
State Street announced 1500 layoffs back in December, still has not chopped yet, everyone has been on edge since and getting worse. Just heard a bunch of new req's came in for Ireland, and India. Apparently they are waiting till the new foreign... — read more