Thread regarding State Street Corp. layoffs

Discussion - Corona Virus + State Street

Discuss if you have something to add or ask a question.

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| 2018 views | | 7 replies (last )
Post ID: @OP+13NFUMD0

7 replies (most recent on top)

As far as the virus goes, we have at least on confirmed case in JAB. Regarding jobs, I heard that in the short term, layoffs may be on hold due to this pandemic. Once this eases, layoffs will be back on the table.

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Post ID: @lzqw+13NFUMD0

A little bird told me.....

Massive layoffs are coming.

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Post ID: @elgg+13NFUMD0

You should be more concerned with the current economic crash in progress....soon you’ll all be home permanently as the world stock markets bare collapsing and layoffs will be huge. Buh bye.

Ha ha. S—s to be at state street.

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Post ID: @6pja+13NFUMD0

Late last Friday, they already issued guidance for no in person internal or external client meetings through mid April. That is essentially a WFH mandate because there is little other reason to come to the office.

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Post ID: @6qpz+13NFUMD0

Very concerned about it. Expecting a notice to let us wfh...

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Post ID: @5zrv+13NFUMD0

The Corona virus is definitely a concern for all companies, not just State Street. At least most State Street employees have the option to work from home. I imagine this trend may continue and expand to having many employee's work from home permanently for several month's or until the Corona virus threat has been minimized.

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Post ID: @5iue+13NFUMD0

Corona virus is but however we will survive. I am far more concerned about the low interest rates....the US 10 year at 1% and 30 year at 1.60% are not good. A major source of revenue for State Street is no more when rates are this low.
A drop in revenue means only one thing....need to cut more expenses and that means more job cuts and more offshore of jobs!

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Post ID: @con+13NFUMD0

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