In ending lay offs any thoughts suggestions for some one that likes their job hates their Salary state street

Outsourcing the work to India - IT is always subject to the chopping block. Ironically, State Street continually touts how it is investing in IT, but is really means standardizing processes so that systems/applications can do the work (i.e... — read more 

There was a time when workers were treated with respect and paid a decent wage. Now over the last 10 years it been nothing but layoffs and outsourcing of jobs If they really want to save money lay off the Highly paid Exectuives making over $500,000+... — read more 

They degrade with low wages they outsource at a rate higher than any company then they kick you in the teeth with chronic lay offs I repeat where is the outrage why doesn't this get more press

Tomorrow is the last Wednesday of the month (SSBs preferred layoff day) and the earnings report was sent out Friday. My first thought was layoffs are coming tomorrow. Received confirmation today. Although this probably won't be in the news, like most... — read more 

How likely is this. I've seen some comments here on this topic, I've heard the same things in the office, is this really going to happen and are we going to have cuts again? My manager things it's all over, but she tends to be on a positive and... — read more 

There is a lot of anger in my group, a lot of it (it's kind of mixed with anxiety and shock) - I know some folks who worked for State Street for over 20 years and now they are being laid off without real reason - there is a thousand other things that... — read more 

How true is this? I've heard this rumor many times, is it true that we may have major cuts in September.

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I see that you have many open reqs for hiring people - how come that you hire and fire at the same time? Is this some kind of special State Street technique...

Typical State Street modus operandi: Lay off the rank and file hardworking MA staff to subsidize chief executive Jay Hooley's 29% salary increase to an exorbitant $15.5 MILLION. Perhaps Jay Hooley will step up, show some leadership and volunteer to... — read more 

We recently announced that we will cut 400 people this year, as always we want to focus on trimming costs instead of growing business. Here locally,m (Massachusetts) we'll lose over 100 people... Now, we ARE affected by low interest rates, but State... — read more 

Anybody has details? I left in 2009 but have many dear friends over there...

Anyone knows? Who will be affected the most? How about the IT group?

It's too much, I joined 7 years ago and our growth is immense. I think that we got to fat, 27K, come on...

Do you think we'll be hit with layoffs in 2014? I heard that State Street is considering even more outsourcing deals and our IT group may be restructured. If this is a valid rumor, do you know what positions may be affected and what groups will... — read more 

More, and more work will be outsourced

I remember worse days, yet we are still cutting jobs

I have been working for State Street for about 5 years right now, I work in technology and I can tell you that some of the people we have do not deserve to work here. Job cuts and downsizing would be welcome in some departments, there is very little... — read more 

We are just beaten so much that nobody cares anymore here at State Street - we might as well close our IT dpt

can someone email me one day when there are no ubs layoffs?

State Street headlines always crack me up. That fumbling oaf of a company announces layoffs every year despite already paying the lowest comp in the industry.

Morgan Stanley may be done showing people the door but State Street is just getting started. SSC said today that it would cut 630 jobs in a conference call and filing larded down with jargon to soften the fact that it’s canning 2% of its staff. The... — read more