Thread regarding State Street Corp. layoffs

Trolls - 75% of these postings are just trolls

Your not going to find much useful information at this website. Most of the posted subjects are from trolls.

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Post ID: @OP+12ndpfIR

9 replies (most recent on top)

My manager has already indicated that no one is getting a merit increase next March/April - that will be the third year in a row for some (i.e., anyone over 50). I've already updated my resume, and have started contacting everyone. I will either leave soon, or maybe I'll get that sweet, sweet severance offered when they can me in Q1 of 2020. Yes, layoffs are scheduled to continue reducing costs. Don't believe me...keep an eye on SSB announcements between now and the end of year.

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Post ID: @6nfr+12ndpfIR

Trolls? Do the FACTS scare you, OP? Layoffs are coming. You cannot deny that, nor can you deny at some point, probably after the next election, the stock market is in for a correction, possibly a crash, which means even more layoffs to keep the shareholders happy with the stock price.

Go ahead, live in la la land and in denial, some of us are planning for the worst and will come out ahead of everyone else no matter what happens. I'd rather be prepared for a layoff and have my debts paid off than think I'm safe and trust that State Street doesn't mess up my financial future by laying me off. My plan? I live way below my means and save every penny I make now for a rainy day later. I just downsized in 2018 to a smaller house with no mortgage (made a lot of equity on other home and decided it was time to cash in before housing gets hit from the tsunami of layoffs coming from all sectors) and I am so much happier with no debt. If I'm wrong, I still win, cheaper costs associated with smaller home and cheaper to insure/real estate taxes. I keep my paycheck. Plus I don't have to move again when I retire. win/win. Days of keeping up with the Jonseses are long gone. Whoever has no debt wins.

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Post ID: @4pjo+12ndpfIR

I was laid off in June I was given the three month warning by HR in March

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Post ID: @3jws+12ndpfIR

To the oringial poster please try and think okay.

The CEO and Board of Directors and high executives are not going to tell the workers anything.
Try and think about it , if your Boss told you within 3 to 6 months they were laying you off.
The 1st thing you would do is start looking for another job.

Having workers suddenly bail from the company would cause chaos, that is why they keep you in the dark with. Your safe, I have no idea about upcoming layoffs.

Now a few people weree lucky they stayed got laid off but found a new job within 3 months.
So they had their severance package and their new paycheck.

Remember layoffs and outsourcing and bringing in H1B workers has been going on for 10+++ years

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Post ID: @1lmh+12ndpfIR

Just ask yourself... have my bonuses and merit increases been good over last few years? Do they keep up with cost of living increases and inflation? If I lost my job, could I pay the bills? Do I have enough of a savings (liquiod, not 401k) to survive and buy insurance for myself or a family if I lose my job?

If you can't keep afloat financially after a layoff, you need to take a long hard look at your debts...

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Post ID: @vmf+12ndpfIR

For sure there are trolls on this site...lots of them....especially all those trolls that keep denying the lay off plans at State Street and keep pumping out the Executive talking points that all is good at the good old Clipper Ship.

If you think all is good....stay and keep working late each night for below average pay...

If you think more lay offs are ahead...look for another job and get out ASAP...

The choice is yours....

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Post ID: @ips+12ndpfIR

ha ha... looks like the OP is in HUGE debt and can't understand whats happening around him...

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Post ID: @hyl+12ndpfIR

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