Not sure why this is news to anyone. State Street lays off a healthy percentage of its employees at year-end EVERY YEAR. It’s part of the business model. It’s how they hold down compensation, limit advancement and make survivors grateful for their low paying, demanding, stressful jobs.
The good news is that it really is better elsewhere, believe me. Whether you get laid off or not, resolve to find a better job with a better employer somewhere else. If you work for State Street, you are in an abusive relationship. Act accordingly.