Thread regarding State Street Corp. layoffs

The great resignation

It’s real. They know they are in trouble.

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| 2586 views | | 11 replies (last )
Post ID: @OP+1feXAhSs

11 replies (most recent on top)

@Post ID: @mra+1feXAhSs - I left State Street a while ago. Recently, I was contacted directly by State Street and got the impression that they would consider rehiring me or some of my other colleagues if we would be interested in returning. I forwarded this email to a former State Street vice-president who is a former colleague. We both agreed that it was a very unusual attempt by them. Do they really need experienced workers? In my opinion, this continual outsourcing has led to a workforce who is not properly trained. I have no intention of returning to State Street after all of these years.

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Post ID: @8rfx+1feXAhSs

It is because more and more managers were H1 and getting new H1s in would be their great advantage to profit in one way or other. If you really feel the company is doing something against the Labor law, send a filled online complain form to Labor Dept and senators.

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Post ID: @4crb+1feXAhSs

If no one is around, then nothing gets done.

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Post ID: @xpy+1feXAhSs

@Post ID: @xzr+1feXAhSs

Very foolish post on your part.

People who refuse to do the extra work will be FIRED by the company

If your a young person living with roommates or at home with your parents then you do not care.

If your married and supporting a wife and children you take the abuse

If your only 50yr you know most companies will not hire you since its all H1B workers and people of 30yr they want.

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Post ID: @lsz+1feXAhSs

I am now actively working on getting out. I’m ready to push carts at a market this juggling five peoples role. I have zero time weeknights it’s working bed wash rinse repeat sleep on wknds to barely accomplish looking for a new job. Modern day indentured servants. I don’t know how much I can last until I hang it up. I need a life even if my day ended at 730 I’d be happy I can’t do it anymore. They really screwed up I don’t think they know snc if they do they don’t care but you hit it on the bulls eye. Mass resignation is about to occur.

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Post ID: @nez+1feXAhSs

As long as you continue doing the work of multiple people, they will continue to expect more and continue to cut staff. That's the plan.

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Post ID: @xzr+1feXAhSs

@Post ID: @mra+1feXAhSs

As an old timer who was discarded years ago, I remember my coworkers and I doing
double and triple workloads.

The sad thing is the Senior mgmt wasn't even smart enough to give the remaining workers a raise to try and ease the stress of the added work.

If you have a dept with 12 people and you reduce it to 7 people.
Why not give the 7 workers a raise to try and keep their moral up ?

Lol sorry just a dreamer

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Post ID: @vvp+1feXAhSs

I work with various teams across State and am finding everywhere is facing people leaving, and therefore either newer people or other people that stay behind are forced to work double triple time to make up the work. I think there is major disconnect between upper management thinking and this issue, they keep continuing on like this is just all fine. Meanwhile.....people don't want to work double/triple time so they continue to leave.

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Post ID: @mra+1feXAhSs

People are leaving before their jobs are pushed over to low cost countries. The bank didn't expect that. Congratulations to those who walked out.

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Post ID: @vgj+1feXAhSs

I don't know, each posting online still shows 60+ applicants.

Gov is in the process expanding OPT visa for financial analytics and economics to 3 years in additional to STEM.

Congress Compete ACT will provides additional green cards to foreign workers.

H1B foreign worker visa pass rate is now back to 94%, and H1B, F1 are becoming less restrictive than before.

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Post ID: @lsq+1feXAhSs

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