Thread regarding State Street Corp. layoffs

When is the State Street / Invesco merger happening ?

Will duplicate roles be eliminated? Is that why the GC left? She wasn’t there for that long.

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Post ID: @OP+1dpcg5Cc

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GC?

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Post ID: @btrp+1dpcg5Cc

Companies have and always will pay new hires more money, over people who been at a company for 10+ years.

The excuse they use is, " We have to pay more to find talented help"
I once told my mgr, " Well I been here for 15 years and I am the one who is given the job of training all the new hires.

Shouldn't my salary be raised to match the new hires ? He gave me the mgr look

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Post ID: @1cre+1dpcg5Cc

Started my career with IBT, came over after 3 years with the acquisition and not only did I make more money than my co-workers at SS, I made more than my new manager (with 15+ more years experience).

I also worked circles around my peers at State Street who seemed content being 40 year old A2s and seniors for life, provided they got to leave at 5 sharp everyday, take OT when offered and take their lunches.

To each, their own but in my opinion you only go as far as you want to go at SS

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Post ID: @dpc+1dpcg5Cc

SSB folks are always paid less than the personal at the company's SSB buys, that was the case with the IBT folks. I am sure that is the case with the folks from BBH or Invesco. It is all about the bottom line thus there will be more layoffs from the company's they are buying...

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Post ID: @mor+1dpcg5Cc

No they don’t.

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Post ID: @gcn+1dpcg5Cc

They always merge with a company and get rid of the state State Street people. Happens every time.

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Post ID: @wjk+1dpcg5Cc

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