In December they announced unemployment numbers were at an all time low and the economy was strong and doing great!!!! Things have never been better!!!!
Cheer up!
18 replies (most recent on top)
@Post ID: @Xekzdto-siap
Nobody is hiring people over 50yr because they consider us too expensive to hire
Some of us are luck to find a job which pays 30% less just to have some money coming in.
Some of us are work 1 full time c-ap job and another part time c-ap job
No one is hiring at the VP level and above and if they are, the pay is substantially less.
job market is sh--.
It’s going to be a sh--show. Get some popcorn.
The scary fact is....the economy is not good. So many people have been looking for jobs and can’t find anything. It’s not just over 50 crowd, the economy is only being as being strong because it’s supported by continued spending via credit cards and people taking on more debt or using home equity loans to spend. It is not because everyone has a healthy cash flow, a great savings in their banks with an incredible interest rate, lol....
And raises/ bonuses? Pffffft. They barely cover cost of living increases, if at all.
It’s bad out there, worse that being reported.
Hate to say I told ya so, but I told ya so....
Get rid of your debt now!!!!
Housing crash is next... if you have any equity and a big mortgage, sell now and save what you can with any equity
Massachusetts is a dying economy that will be hit hard when one of its biggest employers sinks. Other companies are going to be laying off soon....it’s happening, people. Get ready!!!! Stock market is about to crash....the bear rally will not last forever.... a few more up days and boom.... it’s all going to crash.
The ship is sinking, folks, alarms are sounding!!!!
SELL everything while you can!!!!
You’re welcome
:)
@Post ID: @Xekzdto-1uhp
Agree there was a time when ever high school and college graduate was thrilled to land a job at
State Street and have life time job security.
You are correct the company got stuck in a laid back attitude of not keeping up with the changing
technology, because why upgrade when you can use the same old 15 year old hardware and software and save $$$$$$$$
Taking courses and having the company pay for it was a very long and difficult process.
Unless the courses were job related they would not pay for any of your courses.
Even if they were the lastest courses on new software and hardware, because if the company doesn't use it, then they are not paying for a course on it
Over the last 2 decades, layoffs have become the "new normal". That is why planning for a career that involves staying at one company is shortsighted. Because of that, always be updating your skills and resume with an eye on jobs that exist outside SST (or your present company) or where there is job growth. Many SST jobs don't exist outside the company or involve using 1990's skills like Excel spreadsheets or creating PowerPoint presentations. Even the twenty-somethings get into this mode. Get new skills even if you need to pay for them yourself or use vacation to take training. The issue with some 50 plus laid-offed employees is that they have been taking training that is more of a boondoggle than acquiring skills and have no clue what companies are looking to hire.
Why? Because Dodd Frank destroyed finance and AI is killing jobs.
Everyone is doing layoffs, government is shut down for possibly 2 years and the stock market is about to take a nose dive...
Spend more!!!
Buy more stuff!!!
Spend spend spend
LMAO
The economy is horrible. People are not spending money, they are using credit cards to buy sh-- they don't need.
There will be no new jobs . If you get laid off, that's it for you, you're done.
Yes, it isn't just finding a job but a decent job at the same level that is the challenge. It is called being underemployed which is of course better than being unemployed.
More like if you're over 40 it will be difficult to get the same level job....
If your over 50 it will be difficult. Companies want younger cheaper labor that they can mold
lol
Yes, our government has assured us that we have a strong economy and all is well. Let's keep spending into oblivion and just pretend these state street layoffs are only at state street...
Go take out a home equity loan and buy something, keep the economy going... Spend, spend, spend...
Yes, our government has assured us that we have a strong economy and all is well. Let's keep spending into oblivion and just pretend these state street layoffs are only at state street...
Go take out a home equityian and buy something, keep the economy going... Spend, spend, spend...