Thread regarding State Street Corp. layoffs

Not a place to build a career at anymore

No one can build his or her career here any longer in confidence. The truth is once someone is maybe feeling like it’s taking off In a good direction, the job may be eliminated or placed offshore. Pretty grim I guess. Greener pastures out there folks!

by
| 1725 views | |
Post ID: @10rMLxGB

5 replies (most recent on top)

Sites like Glassdoor let you compare benefits like 401K and health insurance. Unless you are talking about some small mom and pop shops, benefits are comparable. Some might even be better, like assistance with student loan repayment, because they are trying to retain employees.

by
|
Post ID: @10rMLxGB-gzxs

I agree with your posts to a point. If you end up leaving State Street Corporation for a small organization you have no career path. Of course if you obtain a new position with more responsibility in a different industry it might be enjoyable for about a year. Just my opinion on leaving a large organization for a small organization. Additionally, not all companies use the newest hardware or software. Many small companies have lousy health benefits, dental plans and no retirement plan.

by
|
Post ID: @10rMLxGB-gzzt

@Post ID: @10rMLxGB-aphe

Agree they used 15+ year old hardware and software, which means a lot of your IT skills are only suited for State Street.

by
|
Post ID: @10rMLxGB-adty

Agreed. I left recently & tell all my under 40 friends to do the same. It was a great place to work & build a resume, but no more. The grass is greener elsewhere, I can tell you first hand. I was in rut & stayed at SSC longer than I should have.

Lots of great jobs to be had in the Boston area right now.

by
|
Post ID: @10rMLxGB-ahox

I am surprised that anyone under 35 years old is looking to stay any length of time at SSB. Each year is basically wasted time. It is no longer a resume builder it once was almost 20 years ago. The technology is old and the bonuses are small. While the employment market is good, it is an opportunity to build a career path rather than just a paycheck.

by
|
Post ID: @10rMLxGB-aphe

Post a reply

: