Thread regarding State Street Corp. layoffs

What's one improvement that you'd implement at the company right now?

Just one. Let's say you had all $$$ and power to implment it.

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Post ID: @OP+1hir8zRE

6 replies (most recent on top)

Fire all of fund accounting and financial reporting dead weight. Get rid of the a-s kissers and the people who spread their legs to get to the top

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Post ID: @7cmv+1hir8zRE

@ikj+1hir8zRE - I am no longer living in Massachusetts but was recently contacted about a hybrid contract role in the $75 hour range. No idea what the corporation was that was hiring but that is definitely a good salary. I was not formally working in an IT role either. I told the employment agency that contacted me that they should be able to find quite a few qualified candidates that were recently laid off from State Street who are still living in Massachusetts. I did send the open role to some of my former colleagues but not sure if they were interested. Most of my former colleagues have found a similar role or transitioned to working in another finance/accounting role.

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Post ID: @3qyt+1hir8zRE

Replace the CEO and all top executives with individuals with more of a vision and ideas of what the finance world could be....instead of these penny pinching, political, old school men that can't see past 20 years ago.

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Post ID: @3lbf+1hir8zRE

I would 1st bring back all the highly skilled workers who were laid off due to outsourcing.
The people who gave 150% to make this a very profitable company due to their vast
knowledge base.

I would then bring back some of the fun summer events they used to have,
Free ice cream parties, free concerts during the summer.
These small gestures helped boost employee moral.

I would make sure the average worker got decent raises and bonuses.

Do a study of which workers can work from home , and which workers have to be onsite due to their job.

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Post ID: @ikj+1hir8zRE

Your 100% wrong, most of the U.S staff is gone to 20 years of outsourcing
For the last 10 years of bringing in H1B workers to replace them.

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Post ID: @gyx+1hir8zRE

25% to 35% pay increase for all staff up to VP level to bring salaries somewhat in line with competitors pay. Index link salaries thereafter to inflation plus 2%. This will at least stop the mass exodus of staff leaving. In their droves which is widespread currently the company.

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Post ID: @lgg+1hir8zRE

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