Thread regarding State Street Corp. layoffs

A union to protect from layoffs

Anyone want to start a union? We need client service and operations. What are your thoughts? key individuals will do.

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Post ID: @OP+1fom85vR

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With at least 50% to 60% of the U.S staff having lost their jobs to outsourcing and bring in H1B workers.

A Union would have no real power since the membership would be too.

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Post ID: @9lkv+1fom85vR

@OP+1fom85vR - My suggestion is to contact your local politicians in the Boston area. This continual outsourcing has created a difficult situation for many former State Street employees living in Massachusetts. The current pandemic did not improve the current employment situation either. I personally know of many former employees of State Street who were unemployed for a while and are currently under-employed. Maybe at some point they might find a new rewarding position but not after living on their savings for a while.

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Post ID: @9dcy+1fom85vR

Just leave there. I left two years ago and have a new career now. It is not worth all the complaining, they do what they do. It will never change. We were told our replacements make 4-5 grand a year for the jobs we trained them on. And they do not have to pay neither their insurance or 401k. It’s an enormous win for them, so see the reality and just move on! It is what it is peeps!! It will never ch he there! It’s a done deal for outsourcing. Move on and change your lives for the better!

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Post ID: @6cly+1fom85vR

Nothing can stop STT to outsource projects to foreign countries and hire more H1 employees. Pretty much all the outsource countries are more corrupted or having much lose laws, it would be much easier for mangers to get under table benefit without being caught especially the outsource country is the home country. Simply, everyone have been seeing mangers here are treated like king when travel to the offshore sites with free first class fly travel/vacation. Getting H1/Opt from connected consulting firm is another way to profit with unmonitored ways. Lowering cost is partially the excuse to rational everything.

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Post ID: @1wkt+1fom85vR

It would have been a great idea when they started the madness of yearly layoffs
since 2005.

I think at least 50% of U.S staff has been replaced

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Post ID: @1qcz+1fom85vR

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