Thread regarding State Street Corp. layoffs

Future layoffs at state street

No severance.

There will be so many heads cut all at once and no severance.

No money. This economic crash will destroy state street.

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Post ID: @OP+1430IHBu

14 replies (most recent on top)

Severance is going to very little, if anything. Don’t bank on getting it, no matter what level you are or how long you were there. The stock market is down 30% from its all time highs. Do some math.

Severance is not happening. Ain’t a damn thing you can do about it.

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Post ID: @dhxm+1430IHBu

Yeah, beca when ‘management’ says something it must be true.

I don’t think any of you understand what’s coming.

Keep on believing your soon-to-be ex employer cares enough to give severance to the 50% of the company they are going to be laying off very soon...can’t have those profit margins out of whack...

The entire plan of this controlled ‘crash’ was to destroy your 401k and take your income (jobs)

Is anyone paying attention????

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Post ID: @djvi+1430IHBu

In numerous weekly Covid19 company conference calls mgmt has said, they have strong a balance sheet and plenty of money / liquidity in there coffers. So, hoping if it were to happen they would do the right thing by all of us.

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Post ID: @anxh+1430IHBu

My boss just got laid off. He was with the company 20 years. It’s starting.

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Post ID: @6zpj+1430IHBu

Layoffs are coming. It’s going to be bad.

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Post ID: @6sbe+1430IHBu

Hey, @5dwx+1430IHBu, you seem obsessed with the OP that predicted the crash. Perhaps it’s you that has some mental problems. Just saying. You really can’t seem to let it go, perhaps that OP hit a nerve, eh? I for one have been reading all the posts here for two years and took a lot of what I read seriously and I got out of the stock market last October. I’m glad I did. Maybe I’ll get back in when it tanks again, because I do believe it’s going lower, but for right now I’m sitting pretty while everyone else has lost 35%.

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Post ID: @6yoo+1430IHBu

Sad little OP is requested comments making fun of his mental fragility be removed. Classic!

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Post ID: @5joh+1430IHBu

Well ,not saying that I heard anything but why would SS do anything better these times when it was treating it's employees badly during the longest stock market run. So if you expect that now the leadership will care more for you then .....good luck!

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Post ID: @4pqq+1430IHBu

does anyone have an update?

I am so scared.

Please

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Post ID: @4gen+1430IHBu

Those of you who are still waiting for the Executive team to do the right thing for the workers need to wait the f up.

Ceo's at many other companies have already announced they are giving up all compensation during this difficult time.

It would be such an easy thing for our Great CEO to announce the same thing.

To date—this has not happened.

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Post ID: @3vqs+1430IHBu

That is completely awful if that’s true. People have spent their entire careers there. The execs can do without their multi million dollar bonuses to do the right thing for the staff that have created and delivered the value to the clients that made them rich. I truly hope you are inaccurate.

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Post ID: @3kdt+1430IHBu

I heard the same thing. Huge layoffs, little (2 weeks) to no severance because no money to cover. Doesn’t matter what level, a SVP will get nothing.

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Post ID: @1iuf+1430IHBu

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