Thread regarding State Street Corp. layoffs

Why do some people change jobs so often….are they really afraid of being laid off?

I noticed some people only stay in a role for 1-2 years and then change jobs. Is this normal at SS?

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Post ID: @OP+1eGn5VVZ

9 replies (most recent on top)

If STT strategy is to replace US workers with low cost offshore and H1/F1 guys, does STT managers actually care your loyalty?

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Post ID: @2xnt+1eGn5VVZ

@Post ID: @1qpn+1eGn5VVZ

Yes loyalty to a company and a worker are a thing of the past.

Job jumping is fine if you do it say every 5 years or your getting a huge raise and better benefits.
But as I also started some companies see that on your resume and then say to themselves. " Hmm we cann't afford to waste time and money training this person if they are just going to leave us in less than 2 years

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Post ID: @1mqc+1eGn5VVZ

Statistically, changing jobs every 2-3 years gives you the fastest salary increase. Unfortunately, the concept of company loyalty no longer exists - companies are not loyal to their employees anymore, and there's no need to stay in an abusive relationship due to "loyalty".

Frequent job changing is it's own self-correcting problem. You change too much? You're less hireable and you have to stay at your job until you're deemed hireable again. No reason to judge others who jump frequently, they're obviously wanted by the next place. Also, in the current pace of the world, being able to stay at one place is no longer valued that much. But getting up to speed quickly (ie as indicated by changing jobs often) is getting more valued.

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Post ID: @1qpn+1eGn5VVZ

Have you seen many managers including CTO in STT change jobs every few years? One CTO has changed jobs twice after left STT two years ago. Those guys actually got higher pay and position in new jobs.

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Post ID: @hlm+1eGn5VVZ

I encounter teams outside SST hire American with good degrees for "knowledge transfer" purposes.

I actually don't blame them, because those teams are almost workers graduated not long ago. Many are on OPT, H1B and H4.

But if you overstay after successful training them, they will character as--------e you every time you are not looking.

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Post ID: @wtp+1eGn5VVZ

This can be split into 2 answer sections.

1st. Some people work at State Street for 2 to 3 years just to get experience in their
field of interest.
And their are companies which are paying more in salary, raises and bonuses
then State Street.

  1. Now if you are switching companies ever 2 years this is a red flag to the company
    you are interviewing for.
    They see you as a personal who is not loyal to the company.

They are not going to waste time and money training you only to have you leave,
forcing them to go through the hiring and training period again.

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Post ID: @mqa+1eGn5VVZ

If they are making significantly more $$$ each time they move to another job, that’s a good thing, given pay raises are 1-3% and barely make a difference. I’d jump around if I could get more $$$.

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Post ID: @hmv+1eGn5VVZ

I knew someone who changed jobs every year. As soon as they started the new role, they would complain. They’d complain it was the boss. After you change jobs 5 times in less than 7 years, it’s definitely not the boss’s fault, it’s you.

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Post ID: @qiz+1eGn5VVZ

They leave because they can’t do the job. Most people oversell their skill set in the interview.

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Post ID: @zoq+1eGn5VVZ

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