Thread regarding State Street Corp. layoffs

Recent BBH fireside chat

Did any current BBHers who were former SSB employees attend the employee career meeting on 2/16? How much of it was hot air? I used to work at BNY and have nothing but a bad opinion of employees at SSB. I'd love to hear opinions, career trajectories, etc of the front line hard working employees, not the stories of C-level execs who have been there longer than I've been alive.

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Post ID: @OP+1fmmywEa

5 replies (most recent on top)

State Street thought they were so smart when they laid off too many experienced dedicated workers to save money.
These were the workers with 10++ years experienced who trained and guided the new workers to excel at their job.

Now you have people with less than 5 years experience training new hires , many new hires who lack a work ethic of doing their job, be on time and do their job.

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Post ID: @18qcg+1fmmywEa

I've worked at both BBH and State Street. State Street is the better place to work hands down.

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Post ID: @17hjo+1fmmywEa

@OP+1fmmywEa - State Street has been laying off and outsourcing for 15 to 20 years. I have no idea how long you worked for BNY Mellon but the staff at State Street is much younger and inexperienced than it was many years ago. We had many employees leave and went to work for BBH, BNY Mellon, Wellington Management, Putnam Investments, etc. I even know of former State Street employees who ended up working on Wall Street. If you have good educational credentials, experience and a good network it could be possible to find a better opportunity.
I agree with the post above: The majority of the work is now done by unskilled H1B workers from India who are working in the U.S
And then you have the work being done in India by unskilled workers .
Maybe that is why you have a bad opinion of employees at State Street.

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Post ID: @4jvc+1fmmywEa

@Post ID: @OP+1fmmywEa

The excellent workers have been outsourced.
The majority of the work is now done by unskilled H1B workers from India who are working in the U.S

And then you have the work being done in India by unskilled workers .

Remember the motto is Save a buck

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Post ID: @3fmw+1fmmywEa

Well as a current set employee thanks for the insult. I bust my h*mp everyday, produce excellent work, far superior than most. I am burnt out from carrying the water for a very short staffed company and am looking outwards for a new role. Maybe your negativity and bias is why it’s so hard to find a job elsewhere. I am supremely professional and exemplary on my work ethic. Don’t blanket criticize it’s ignorant for you to do that.

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Post ID: @2syr+1fmmywEa

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