I'm talking about major rounds - not the small cuts we are witnessing each day.
Topics regarding layoffs at State Street Corp.
The first Wednesday of every month appears to be reserved for Layoffs. I heard there were more coming the first week in May. I hope for more on the business side this time rather than IT. A large portion of the higher up business people are... read more
You can contact HR and volunteer to accept a severance package as long as your dept is looking to make cuts. I had someone in my dept take the severance package voluntarily. Is there any way to find out your department is looking to make cuts any... read more
Why can’t we get a pay raise? It’s been years without an actual raise. I’m tired of “big banks” being demonized by 2020 potus contenders. Who’s going to manage all their money? I’m so tired of making ends meet with a top college degree excellent... read more
Just heard some upper management got hit today in GA.
I was a 15 year SS employee until last summer. During the past 18 months as we moved 80% of my Fund Admin team to India, the output from India was awful. Those of us left in Boston worked our tails off to fix the work and keep the client happy. But... read more
https://www.bizjournals.com/boston/news/2019/02/21/state-street-in-settlement-talks-with-sec-over.html HUGE cuts are coming in addition to the already scheduled layoffs for the end on 2019, so they are able to pay the lawsuit settlement. $267 billion... read more
layoffs are coming.
Next will be insurance. Where will we find a job? Manufacturing - gone. We’ve been outsourced to oblivion and not one person in “power” has a real tangible solution for this outsourcing of jobs and industries. Computers are already smarter and wiping... read more
It's starting in Quincy already today. 2 layoffs that I know one of so far. It's not looking good for the rest of us since the 2 were the first 2 to arrive at the office today. Good luck to everyone. Does anybody have any more info on this? Have any... read more
This is true in every corp company. They want young ,cheap employees. Once you hit 50, you are considered old. Have 5 friends going thru this now. Very sad situations. They can’t seem to find a job that pays enough to live on. Some have to sell homes... read more
No one is hiring anyone over 50. Better make as much money as you can by age 49 and pay everything off before age 50. Gone are the days of working until 60. I’m dirt poor again like when I was in my 20s. All those years of working and saving, all to... read more
Most of my department got comp info this week. Many of us got high ratings but no raise & a very low bonus. I can't imagine what people with poor ratings received. It was expected, especially in Boston & Quincy, but frustrating still. We worked... read more
Thete is nothing factually based posted here. Old lies. Innuendoes misinformation and disgruntled ex employees sowing the seeds of hate and bitterness. Nothing to see here don’t waste your time
IBM, Verizon and CBRE essentially are replacing the actual SSC employees at an inflated price and they are surprising under qualified. Last week another 4 went at Global Real Estate leaving just 5 left....for whom the bells toll.
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
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