https://www.google.com/amp/s/www.bostonglobe.com/business/2016/03/29/state-street-official-pegs-staff-reduction-workers/89HmTzw98F6AvUCVyA9A4I/amp.html Oh it's happening.

I sense it since 2016 that SST was going to lay off a lot of people. Every time someone quit or found a new job they never replaced them. Then in 2017 when they force us to trained all of the Indian new hires online. I was out with a new job in 2... — read more 

I was laid off after 25 years of faithful service , but to be honest it was probably the best thing to happen to me. During the last 12 years I lived with the stress of the yearly layoffs ever single year. Seeing the dept where I work have the staff... — read more 

Anybody that has been let go, are they giving 12 weeks plus two weeks per year or just the two weeks? If they keep you the 60 days, does severance begin after the 60 day waiting period?

Why is anyone shocked at how ruthless and cutthroat these companies are? Never forget, no matter what level you are, your are disposable or replaceable for any reason at any time. Trust no one You take what you can while you work there, honestly, of... — read more 

My wife works for the federal government and she is not working. Don't know what to do now.

On Wednesdays!!!

Does someone walk over to your desk? Is an invite put on your calendar? What if your working from home that day? Is it done a certain time of day? Also, are you entitled to your 2018 Bonus?

Hold onto your socks people. Banks all have a bad Q4. Quincy 'WORK' FROM HOME folks wake up!!!!!

Who else planning to send feedback to Ron's Town Hall at the end of the month?

Custodian bank State Street Corp plans to lay off 15 percent of its senior management, Bloomberg reported on Wednesday, citing people familiar with the matter. The lay-offs, which will affect executive vice president and senior vice president... — read more 

It’s very quiet lately... calm before the sh-- storm. LOL!!!!

You don’t need 95% of the c-ap you spend your pay on. Fact. Start taking a good look at why you spend on what you spend on. If you are in debt due to mortgages and cars, you’re doing it wrong. You’re welcome.

First of all, I don’t want to be taken the wrong way. I applaud that the new CEO had the guts to start cutting from the top. Regardless of that, I see some hypocrisy in our perception of this News. When nothing is happening, or regular workers are... — read more 

The layoffs will also be worse than they are reporting. It will be more like 30% of all employees getting laid off. Just thought I’d let you know. ;)

To VPs and above from Cyrus at SSGA. Anyone wants to share the email?

State Street may lay off 15% of senior management https://www.businessinsider.com/state-street-plans-to-lay-off-15-of-senior-management-2019-1

49 here. No debt. Paid my mortgage off last year (only had a 15 yr mortgage). Never let the wife talk me into buying a bigger house we don’t need. We live in an upscale town, house has doubled in value, I see no reason to trade up, ever. Both cars... — read more 

Can anyone advise what the Severance Package is for BPs and MDs?

I know everybody is happy to finally see senior management face some consequences for what they've done to this company, but I wouldn't celebrate too much. Not because they don't deserve it, they certainly do, but because none of us are safe right... — read more 

The retirees from IBM and London Stock Exchange enjoying the Omnia show and collecting big fat checks for reinventing open-source code and cloud. Omnia produced nothing in 2018. Beacon is a Indo-China center for outsourcing.

Time to say goodbye to long-time PR flack, sycophant and poser Hannah Grove?

Ha Ha Ha... its finally happening!

It’s odd how all companies give raises and bonuses and STT only selectively hands them out. That’s wage attrition. Hoping you can barely sc-ape by and leave for a new company never to fill the void.

Sorry the job market is not kind to people over the age of 50, most companies view us as expensive workers. So they prefer to hire the cheapest lowest skilled workers they can find. Even if you do find a job its going to pay you 30% to 40% less than... — read more 

Oh how wonderful it be to have the Ghosts of Christmas past, present and future visted the CEO and Board of Directors. Show them how they have destroyed the lives on so many former State Street Workers. People making 35% to 40% less due to their new... — read more 

Heard it from a friend.... layoffs happening first quarter of 2019. S---s to work at state street, lol.

As much as some people on here didn't like Jay Hooley I think we will miss him in 2019. We did get some cost savings though. Jay was making 16 Million. Ron will only be getting 10 million this year.

The company has diversity and financial goals to meet. If your peers are women and especially non-white women you will be the first to be shown the door. They get two birds with one stone. Cost savings and an instant boost in diversity ratio. So much... — read more 

We need our clients to demand their accounts are serviced by people in the US.

I wonder if investors are aware of our CEOs dark past. We are pushing ESGs, but the guy running the ship withdrew from law school for plagiarism.

STT just spent 2 billion on a tech company. Say good bye to your IT contacts.

I would advise you to work very hard during the day and look for job after work. Increase your odds of retaining your employment.

Get your resumes ready. They have to make it up somehow.

Does anyone know what the strategy is for 2019? If you are reassigned to delivery are you doomed? What about client service? It seems like they want to get rid of COEs.

There should be a penalty for moving work offshore in bulk.

When you see the term spans and layers in communication, that is code for eliminating management. If you are a manager and you lose your direct reports - you are in trouble. If you are given more staff someone near you is in trouble. Stripping you of... — read more 

Did anyone notice the 30% decline in stock price? That's what happens when you spend 2 Billion on an acquisition and have nothing to show for it. They are going to move as much work to india to make up for it.

They are not replacing any onshore reqs unless you belong to a client facing group.