Thread regarding State Street Corp. layoffs

40 replies (most recent on top)

@1db don't worry they'll be cheering for the India team not Team USA.

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Post ID: @5fm+1khrwjyng

@38p Congratulations on your huge increase. Do you mind sharing some info on it percentage-wise? Was it a raise, a bonus, or both?

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Post ID: @392+1khrwjyng

Mine was a huge increase over last year. No complaints here. IM IT. Not a top performer but get my work done and try to be on top of things as much as possible.

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Post ID: @38p+1khrwjyng

@m4 mine was 3,300...6% drop from last year

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Post ID: @38e+1khrwjyng

0% raise and 4.3% bonus. Greedy a-s company.

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Post ID: @38d+1khrwjyng

@1ev

If your very very lucky, you will get a new job asap. And still be collecting your
severance package from the company.

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Post ID: @1z5+1khrwjyng

@1w2 would be ecstatic with 10% as mine was only 2.5% of my base last year

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Post ID: @1wb+1khrwjyng

0% raise (again) 10% of base for bonus.

Time to move on I guess

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Post ID: @1w2+1khrwjyng

@1fa that makes sense as I’ve never been reviewed since I was hired

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Post ID: @1fj+1khrwjyng

@1es your manager has to send it to you.

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Post ID: @1fa+1khrwjyng

As of tommorrow i will make more money on unemployment then the company boned us out of since being released 1-23-26. That means more money then i would have received on my bonus. I had my first interview and will know in a week.

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Post ID: @1ev+1khrwjyng

How are you seeing what your TCP is? I searched TCP IN Workday and it’s blank.

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Post ID: @1es+1khrwjyng

@19d

I worked in a highly critical area where I had to be onsite.
This meant sometimes staying 1 to 2 days at a hotel during major snow storms.

And the company did reward me multiple times with , T-shirts, coffee mugs and other insulting State Street promotional products.
The T-shirts did come in handy for cleaning my car.

I would have been happy with a $50 to $150 check instead.

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Post ID: @1ec+1khrwjyng

Place is so depressing.

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Post ID: @1eb+1khrwjyng

@1da Investing in the World cup event was a carefully planned PR stunt by
State Street. Trying to keep up their public facade

         The two most important this is cutting costs an increasing profits.
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Post ID: @1db+1khrwjyng

@OP cutting TCP to allocate money to sponsor the World Cup. Would be nice to invest in your people instead of outside events.

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Post ID: @1da+1khrwjyng

No raise, same as last year. Bonus about 20% of base. A little bit more than last year. Bonus is trending down in the last 5 years.

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Post ID: @1ae+1khrwjyng

My rating was Achieved. I work in GD. I work in Quincy.
I got 2% merit and the same bonus which is about 8% of my salary. That is sadly a good year for me.
I follow my persona and work hard but I do not ki-l myself anymore. I could and would do more if there was any correlation to how I’m compensated but I feel like a fool when I give it my all and there is no reward.
I don’ t just mean money either. There is never a free breakfast, a small pizza party. Never a sweatshirt or bag given out. At least for me, maybe it’s better in other areas.
I actually make an effort not to care because I naturally want to do a good job but I feel like a fool for doing so. This company is so messed up. I don’t know how we are having strong years. I guess our competitors are just as bad, which is scary to consider when you think how much of the world’s money is with the small group of banks that do what we do.

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Post ID: @19d+1khrwjyng

Earned the best bonus of my career there…I left the company!

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Post ID: @wt+1khrwjyng

@qe You may get the promotion and find out your raises and bonuses will not increase as you thought.

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Post ID: @ty+1khrwjyng

They string employees along about promotions. Don't fall for it. They will give you more work, but you won't get that promised promotion for bailing out management.

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Post ID: @qe+1khrwjyng

@px that's easy $0 raise and $0 bonus, global delivery

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Post ID: @qb+1khrwjyng

I got a 0% raise and near $0 bonus.

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Post ID: @q7+1khrwjyng

@m4 you can start by posting yours

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Post ID: @px+1khrwjyng

@mf mind giving a hint which business unit are you in?

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Post ID: @mp+1khrwjyng

2% raise and bonus was 10% more than I got last year. Kind of disappointing but reading the other posts I’m lucky.

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Post ID: @mf+1khrwjyng

The hard truth is that some people did actually get decent raises and bonuses. I won’t pretend to know how things are split up but for myself I got a 5% raise and a decently higher bonus than last year. I’m satisfied. I was not a 5.

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Post ID: @me+1khrwjyng

@m5 5. Frequently exceeded 4. Sometimes exceeded 3. Achieved 2. Progress required 1. Underperformed

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Post ID: @mb+1khrwjyng

@km If a 3 is "meet expectations", what is a 2 and a 4?

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Post ID: @m5+1khrwjyng

As of now, nobody in this thread provided monetary or percentage amount of their bonus and salary increase. So no reader of the thread can compare. It's a pity ...

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Post ID: @m4+1khrwjyng

Same bonus, no raise for the second year. My team must deliver double what we did last year. I’ve been looking since last year but it’s tough out there.

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Post ID: @m3+1khrwjyng

My boss told me anyone who met expectations on their review didn’t get a raise (I know that’s BS, but maybe for her group in GTS, but I don’t trust her either). Got a small bonus but 5% less than last year.

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Post ID: @kr+1khrwjyng

The rating system used to be valid 20+ years ago.
And the higher your rating the higher your raise and bonus.

Now it means nothing you could get a 5 and still get the a tiny raise and bonus.

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Post ID: @kn+1khrwjyng

@kj meet expectations is a 3.

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Post ID: @km+1khrwjyng

Can somebody please explain what are word equivalents of ratings 1, 2, 3, ...? Does 2 mean "Meets expectations"?

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Post ID: @kj+1khrwjyng

@b4

With the ratings … what you are seeing is that those with lower ratings were laid off, however the company still needs to maintain a bell curve so now that they got rid of lower than 3s and also what they consider behind the scenes mid to low 3 ratings. This now pushes people that might have been above 3s down further even though their work quality has not gone down.

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Post ID: @f0+1khrwjyng

Reduced overall tcp. Did get small raise but lower bonus. Raise is better for future layoff due to severance paid on salary not bonus (that will inevitably happen). Did you see that 78% of our staff is not in USA? Yet majority of our assets are those of Americans. Crazy.

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Post ID: @eh+1khrwjyng

Worse than last year....

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Post ID: @eg+1khrwjyng

2nd year of $0 raises. Bonus is shrinking annually. Company profits are up, but rewards are down.
Manager says I need to beat a 3 rating (Achieve), but I've been doing the work of the level above me for years with no promotions. The worst part is I have to fix the mistakes created by the VP Indian workers in our team.

In 2025, they actually hired (and sponsored) someone externally at a higher level to do what I'm doing . Plus, a fresh batch of Indian contractors got onboarded. The money is there..it’s just not for us.

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Post ID: @b4+1khrwjyng

You guys are getting raises? :(

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Post ID: @as+1khrwjyng

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