State Street Corp. Layoffs

Topics regarding layoffs at State Street Corp.

Slow down the layoffs

Nobody is safe anymore indeed. I can tell you with 100% accuracy that upper mgmt has recently admitted that they have recently let go of people too fast without finding out if their offshore counterparts could do the job. Do you want to know how... read more


Apparently the board is nervous and fear a takeover given the low stock price. If the price continues to drop it may happen. State Street is almost to the point where it would be attractive for a larger company.

Layoffs due to non workers

Half the people laid off were either taking hour lunches mowing their lawns or bringing kids to school jokes on State Street

Poor work quality

I am amazed with all the layoffs, and the poor quality of work being done in India. How this company has not lost any major customers. But then they seem to do a good job of keeping things out of the news. I pity the U.S workers already doing double... read more

Anyone know how to get yourself laid off?

Had enough of this place, and am looking for a change of scenery. Been asking my manager for the last 18 months to get laid off but it hasn’t happened even though there have been multiple loses in my team. I am in the category of too competent and... read more

There is life after State Street

There is life after State Street. I was RIF'ed last year that found a job in 4 weeks with better salary and benefits. I am 50+. The upside is it is a great employment market.

Layoff news

Heard there were going to be layoffs in fund admin starting tomorrow and happening throughout the summer Any chance we can get some more info on this?

Did IBT management ruin SSC

It’s no coincidence that the mighty Clipper started to sink when the acquisition of IBT occurred. IBT management came in and took high position and kicked out SSC folks. Now that most high level VPs come from IBT, are they to blame for the current... read more

I could’ve told them this for less!

“Noted banking analyst Mike Mayo warns State Street shareholders executive pay is too high”. Really? You think? I know my salary is getting to be close to the new minimum wage the libs want to award kids in high school for their summer jobs too. Once... read more

Stop and shop

They get pensions but us here at state street nothing No presidential candidates helping us. No governor or mayors helping us. They care not one iota about us. But go ahead keep voting in the same hypocrites maybe next time they’ll come to our aid... read more

Volunteering for a layoff at State Street

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

So if so many top tier are getting laid off

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

Banking Finance going extinct in USA

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

Layoffs at State Street have started

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

AGEISM is real out there!

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 Raise, Low Bonus

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

This thread is useless

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

A company run by vendors

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.
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BB&T and Suntrust

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

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