Thread regarding State Street Corp. layoffs

Layoff Jan 8th

Layoff happening on Jan 8th. Confirmed.
I expect it to be a huge one atleast 10% ON IT dev and 15% in IT SQA.

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Post ID: @OP+12m4GWCc

8 replies (most recent on top)

State Street and endless layoffs are twins - not news worthy. A slowly dying firm in absence of competent leaders and devoid of any innovation to drive new revenue. Cut baby, cut

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Post ID: @yyai+12m4GWCc

This company has been laying off people for the past 15 years.
Using outsourcing of jobs outside the U.S, bringing in hundreds of H1B workers to
replace U.S workers. After U.S workers are forced to train them or else no severance package.

So the question is are their really any U.S workers left in this company to be laid off ?

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Post ID: @qynd+12m4GWCc

15th of January, similar to their mass layoffs that occurred on a Wednesday the middle of January 2019. It worked last time, as everyone is done with holiday vacation, and most are in the office on Wednesday. Now isn’t that a lovely thought. ❤️

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Post ID: @ppyl+12m4GWCc

I agree with all. Watch for late December restructure charge, just like last year. Need to pay layoffs. Probably layoffs will occur during first couple weeks of January.

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Post ID: @cumc+12m4GWCc

HUGE layoffs in first half of 2020. Three to be exact.

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Post ID: @5gsz+12m4GWCc

I think this sounds about right. Between layoffs & attrition, we have lost a lot of people in Boston/Quincy. But, more is needed in 2020.

I heard the goal is 15% US jobs 85% offshore by 2023

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Post ID: @2qst+12m4GWCc

@Post ID: @12m4GWCc-tzz You have it easy then.

In my IT dept we been doing Double workloads for 10 years , and when a person is sick or somebody is on vacation its called doing Triple workloads

I agree 100% with your post

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Post ID: @szg+12m4GWCc

Who the hell is left to cut? In GA we barely have enough people in IT to keep things running.

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Post ID: @tzz+12m4GWCc

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