Thread regarding State Street Corp. layoffs

Project Hummingbird

Can someone tell me who comes up with these name for the JV transitions?

It was brought up today in a department meeting that I attended regarding staffing migrations to low cost locations and it took all of my self control not to laugh.

I guess it would soften the blow if when I met with HR to discuss being laid off if they told me it was a part of "project hummingbird".

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| 2342 views | | 14 replies (last August 29, 2017) | Reply
Post ID: @OP+OUdzdu8

14 replies (most recent on top)

Makes no difference what team what location what level it is a house of cards a game of musical chairs

Whic country can offer the cheapest labor rent etc

Change the name it's just the same story everywhere

Only difference is STT telegraphed their plans which just adds insult to injury

Highly degrading

Highly demoralizing

And quite honestly a bad business model

Tells your competitors your weak and desperate

CEO and shareholders only ones that benefit

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Post ID: @6tfz+OUdzdu8

Read the file today and it only listed two departments. ABO and North America Trade Processing, neither of which I have ever heard of so can't imagine they are big groups.

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Post ID: @5rwq+OUdzdu8

zlecenie wykonania usług na zewnątrz, dziecko,

lol ain't it the truth

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Post ID: @4umq+OUdzdu8

@2oir - hahaha - LOL - Roseta Stone - awesome

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Post ID: @3dyk+OUdzdu8

Surprisingly Poland has a nice quality of life going on now, modern clean safe

Have your passport ready I guess and buy Rosetta Stone

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Post ID: @2oir+OUdzdu8

I looked it up today, doesn't give a head count but lists out the three impacted department. Funny how they refer to india/Poland as "low cost locations."

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Post ID: @2gzd+OUdzdu8

They signed a lease at Heritage Landing 90000sqf back in 2015.

The Boston leases were expiring , no news here.

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Post ID: @1ztr+OUdzdu8

So odd so evasive

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Post ID: @1yvd+OUdzdu8

If you can't access it, then it's none of your business.

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Post ID: @lvv+OUdzdu8

I can't access please elaborate

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Post ID: @xtl+OUdzdu8

I just looked it up on collaborate.. pretty brazen to put this stuff up for all to see...

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Post ID: @ysn+OUdzdu8

Details please

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Post ID: @pxw+OUdzdu8

Does this have to do with the migration out of Channel to JAB and beyond so SSGA can move in and take over?

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Post ID: @uem+OUdzdu8

You can't make this sh--

Up

Fill in more details

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Post ID: @vsj+OUdzdu8

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