Thread regarding State Street Corp. layoffs

Any chance we are done?

With cuts happening at various State Street locations both yesterday and the day before, I'm not sure if I should relax just yet or if there will be more today?

Do we know if we are done for sure?

by
| 2026 views | | 8 replies (last )
Post ID: @OP+111uyx9y

8 replies (most recent on top)

Oh, you ain’t seen nuthin yet.... stock market is going to crash. Then the fun really starts. Job? You won’t be able to find one when the collapse happens.

by
|
Post ID: @eudc+111uyx9y

Whatever you do, don’t buy anything you don’t need, don’t take out a big mortgage, buy a car with a loan, etc.

Of course they are not done. They have a huge number of layoffs left to do to meet their quota of over 8,000 layoffs by 2020. Some will happen by end of 2019, more will happen throughout 2020. And they are probably going to be laying off even more when the stock market crashes.

I worry about some of you, your really don’t understand what’s happening all around you.... it’s going to get a lot worse. Make sure all your debt is paid off.

by
|
Post ID: @edmo+111uyx9y

“Any chance we are done?”

You’re joking, right?

by
|
Post ID: @kqc+111uyx9y

They been doing Layoffs and Outsourcing for the last 15 years, so no its not going to end

by
|
Post ID: @kcp+111uyx9y

Layoffs will always continue as more offshore happens. Best bet is to apply outside of SS and see what bites you get. It doesn't hurt to apply and see where it goes. Worst case you don't any and best case is you get a new job

by
|
Post ID: @blo+111uyx9y

Not done yet. IT will be hit hard until the end of the year. State Street does not value IT. They will learn a hard lesson at the point of no return. This company is a sinking ship. The executive team thieves need to make sure they receive their bonuses and pay increases, while the rest of the company goes without. Cut, cut, cut and continue to do more with less.

by
|
Post ID: @ftz+111uyx9y

Get out while you can. I am happy I left earlier this year. My poor friends who are left are dealing with the fallout & this weeks layoffs are making their jobs 10 times harder.

by
|
Post ID: @bjp+111uyx9y

The cuts and layoffs will not be done until the so called cost savings are sufficient to fully fund this year's bonus for CEO Hanley and his band of executive leaders.

And then the cycle will start for 2020....

They have no plan! No strategy! All they know is cut, cut and cut some more.

It's not over my friends. They continue to laugh at the hard working American worker.

The glory days under Marsh Carter's leadership are sadly long gone.

by
|
Post ID: @nlw+111uyx9y

Post a reply

: