While State Street is keep doing layoff of US works, it do kept many temporary workers from India at office. This looks just the new culture trend of the company.
The company been doing layoffs for the last 15 years and outsourcing jobs.
But the biggest insult is brining in hundreds if not thousands of H1b workers from India and
forcing the U.S staff to train them. Then sadly the U.S staff is given the pink slip