Thread regarding State Street Corp. layoffs

Reduced footprint and headcount in US

2021 likely go into be a tough year - employees will not be asked to RTO (return to office). Reducing headcount and company footprint. Wait and see. It’s happening.

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| 1906 views | | 4 replies (last )
Post ID: @OP+15hHc1eO

4 replies (most recent on top)

Yes 20 years of layoffs, doing double workloads, years of tiny raises and bonuses , some years no raises

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Post ID: @2kia+15hHc1eO

I agree. Layoffs will continue but for many who are still working for State Street they will have long successful careers. Outsourcing is and has been a way of life for a while in many large corporations. This gloomy, pessimistic attitude has got to stop. Unless you have actual facts to backup your pessimistic outlook I don't think many who read your messages would agree with you.

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Post ID: @2gst+15hHc1eO

2021 will be bad. Leases expire on properties and offices will not renew space. Using this time as test run. This is a fact.

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Post ID: @1dyv+15hHc1eO

Nice Try, actually met with my peers this morning about our game plan to get people back in the office starting in August.

If that 1st wave goes off without a hitch for 60 days the 2nd wave will come back in October.

We will never go back to BAU, but anyone that wants to come in and do their job will have the opportunity to.

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Post ID: @mnf+15hHc1eO

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