Thread regarding State Street Corp. layoffs

Talent Marketplace?

Does anyone know what's up with this new "Talent Marketplace" thing? In theory you are moved from your current role/dept into this marketplace where you'll be matched with another role within State Street. What happens if there are no roles that match your skills? Do you sit on the bench in the marketplace and after a certain amount of time get laid off?

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Post ID: @OP+16g5CXNQ

10 replies (most recent on top)

Just putting the marketplace into a larger context companies pull this to long tenure, loyal, hard working employees. We are a small portion of the global population of the companies that benefited by America and her citizens we shouldn’t be left out to dry. This is all with the genesis of globalist Bll Gtes who started this insidious notion of off shore and out source. He’s self loathing and is bent on crushing our country. The days are over in America we will be third world within 10 more years. You can’t float all boats without sinking a few hundred million or so. (Sarc). Be sure to vote this November there’s a thin line between anarchy and civilization as we know it. We might be able to stave it off for 4 more years. ;)

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Post ID: @nfru+16g5CXNQ

@myoe+16g5CXNQ Congrats you have written the dumbest comment I have ever read on this message board.

Well done.

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Post ID: @nipn+16g5CXNQ

A big tech company did that years ago during Great Recession called the pool. Yeah sink or swim Jobs in Poland India anc China. We are no longer needed in America. So what are we to do with MA being #1 for unemployed in country? Hard times ahead. Looks grim.

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Post ID: @myoe+16g5CXNQ

It appears the EAs are getting the first transfer into Marketplace. More to follow. Reorganized structure in all admin segments with many of them asked to join Marketplace beginning in October. There’s your 90 day window then the door. Call today with group was all show. They don’t care.

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Post ID: @ioqs+16g5CXNQ

It does say that employment may have to result in positions outside of the company.

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Post ID: @3sft+16g5CXNQ

@Post ID: @3vjz+16g5CXNQ

Their was a time when having State Street on your resume was a bonus.
Now its a death knell as State Street thanks to Senior mgmt is considered an obsolete company.

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Post ID: @3uff+16g5CXNQ

2021 will be a record year for layoffs with this Talent Marketplace implementation. Tick Tock buying time. Rebuild resume while you can.

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Post ID: @3vjz+16g5CXNQ

Just another way to get people to quit so they don’t have to pay severance. If no raise for years, Laughable bonuses even for top performers, below market salaries don’t make people leave, forcing them into jobs they really don’t want to be in should help.

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Post ID: @2aqq+16g5CXNQ

@1xte+16g5CXNQ I know a few peers in my network that have been "moved" to another role within State Street. They are just trying to convince current employees that they have job security. Job security has not existed at State Street for at least 15 years or maybe more. Entire departments have been outsourced and will never return. I am surprised that State Street has still retained some of their client's but would imagine that many of them have already left or will leave soon. My advice to anyone who is currently working for State Street is to update your resume.

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Post ID: @2mro+16g5CXNQ

Its just another feel good scam to lull the workers into thinking they have job security.

Remember for 20 years the motto is Ousource, Oustource bring in H1B workers

Cut cost by any means

They may match a worker with a new job within the company, but not tell them its only going to
last 6 months to a year until you done what was needed.
Then your going to be told,, " your no longer needed"

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Post ID: @1xte+16g5CXNQ

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