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.....
Topics regarding layoffs at State Street Corp.
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?
A few areas are being told to find another 20% to cut in Q1. Good luck to anyone still around.
Any news of anything happening from now to end of year as far as lay offs?
For anyone who is still working at State Street, is it normal to be on hold with them for over 30 min?
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
Then a major crash. Prepare. This time there won’t a dead cat bounce. Life as you know it is about to change for the worse.
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.
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
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
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.
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.
Seeking someone laid off as a recent of Coronavirus cutbacks and willing to talk about layoffs. Please contact: [email protected]