Topics regarding layoffs at State Street Corp.

Topics regarding layoffs at State Street Corp.

Does State Street have a plan for that?

I do not believe that in the end many people will leave because of the vaccine mandate, but I think that their number will not be small. I'm just wondering if this company has a plan on how to attract replacements, since it's no longer a very... — read more 

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| 2550 views | | 2 replies (last November 23, 2021)
Post ID: @OP+1dUJn4e4

Vax or be Fired in January

State Street is requiring all employees be fully vaxxed by 12/22 or face voluntary resignation in January with no severance or unemployment. Problem is 50% are still not vaccinated. Bend on your personal beliefs and you get to stay and watch the... — read more 

Redundant positions

I just wonder how many people will become redundant because of merger?

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| 2410 views | | 5 replies (last November 23, 2021)
Post ID: @OP+1dKNfD3d

Wow… look at this article about State Street not wanting to hire a certain class of people , people …..how do you white men tolerate this?

https://www.dailymail.co.uk/news/article-10174235/Bosses-one-worlds-biggest-investment-firms-need-special-approval-hire-white-men.html Wow… look at this article about State Street not wanting to hire a certain class of people , people …..how do you... — read more 

Underpaid?

Since I have more and more work almost every day, I feel more and more underpaid. From talking to some friends who work in other financial institutions, State Street seems to significantly underpay its employees. Did you make any comparisons? I... — read more 

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| 2660 views | | 5 replies (last October 23, 2021)
Post ID: @OP+1dkkfPNZ

C.O.L.A.

Think State Street does anything for their employees to offset for inflation?

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| 2470 views | | 8 replies (last October 15, 2021)
Post ID: @OP+1deuVz8n

Talent Bank?

What happen when you are put into the talent bank? Do it mean you are on your way out?

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| 2270 views | | 1 reply (October 10, 2021)
Post ID: @OP+1dcV4NRW

Be honest

Was State Street once a great employer? I've been here for a few years and all I have are bad experiences. But some of my older colleagues keep swearing that this was once a great place that respected employees and treated them as an asset. It's hard... — read more 

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| 2590 views | | 9 replies (last November 7, 2021)
Post ID: @OP+1dc5xIty

Leave on your own terms

There's no point in staying and building a career here. The longer you stay, the bigger problem you become for the company. When layoffs come around, chances are higher you'll be affected than not. If you don't leave on your own, they'll make sure to... — read more 

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| 2420 views | | 4 replies (last December 14, 2021)
Post ID: @OP+1cVkaqaL

Are they trying in any other way?

I mean, did it ever cross their minds to try to keep some jobs and some people? From what I've noticed so far, their business strategy equals cuts, putting pressure on people to leave on their own and that’s it. Such a strategy can be implemented... — read more 

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| 2410 views | | 5 replies (last September 21, 2021)
Post ID: @OP+1cSo2Xkk

Tired and depressed

I am glad for those who left and found better opportunities, but I also envy them a little. I'm so tired that I'd most rather do the biggest stupid thing - give notice even though I didn't find a new job. I just don’t have any motivation to work. I... — read more 

Vaccination Requirement

If you have a job that requires you to be in the office, what happens if you do not get vaccinated by the 17th?

How much time do you have?

Not sure how many people are holding on until they are retirement (or early retirement) eligible. I’ve got less than 3 years and I’m just keeping my head down so as not to be singled out for the slightest things. To be honest, the thought of spending... — read more 

Talent Marketplace Package

Expecting the tap on the shoulder anyday now. Assuming you get to the end of TM without an offer, what kind of package do they pay out? Is it different in Ireland and the USA?

Severance-related question

I haven't heard anything about more layoffs, so this is not about that. I'm just trying to plan ahead just in case and I'd like to know how things work. Have there been any changes to severance in the last year or so? How long does it take to receive... — read more 

It’s sad how little trained they are

Does State Street really think it saves money if people have such bad training? I would not even call it training. It's a shame really. My opinion is that a company in this way can only lose customers, trust, and ultimately - money. The company's... — read more 

Exodus of the best people

State Street is in real trouble. You can tell that by the continued exodus of most of its best people. Everybody who has marketable skills has by now realized that higher pay, significantly better culture, and proper work/life balance are readily... — read more 

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| 2600 views | | 3 replies (last September 29, 2021)
Post ID: @OP+1bLluq68

This company has turned into a joke

The best people are long gone. Those who are still here are either looking for a better job, waiting it out until retirement, or are underachievers who won't be able to get a better job anywhere and are milking it for as much as they can for as long... — read more 

Sinking

I marvel daily how this ship keeps afloat. Are our corporations this disorganized?

What's up with promotions?

What does a person have to do these days to earn a promotion? Has there been a company-wide freeze or what? I've been promised a promotion nearly a year ago and ever since then nothing happened. Whenever I ask about it I get the old "it's a done deal... — read more 

IT Layoffs?

Any one have info if there will be more IT layoffs coming anytime soon?

State Street has no respect for us

Leadership here believes they can treat employees any way they want. We have to deal with intimidation and bullying every day in addition to being lied to and thrown under the bus when they need to cover their backs. It's truly shameful what's being... — read more 

Layoffs

Is there a way to volunteer for a layoff? Or is that not an option anymore with employees being placed in Talent Marketplace before qualifying for a package.

2021 Post Severance Health Care coverage issues?

Anyone else having issues getting the EE Subsidized health rates that State Street promised during the severance period? I have been fighting with both State Street and Fidelity Net Benefits for 3 weeks now with no progress.....

I remember...

I remember it was the dream of every graduating high school and college senior to get a job at this company. To get a job here meant you were set for life with a good paying job, chance to advance up the job ladder and job SECURITY SECURITY... — read more 

What Areas Will Be Hit

Hearing some layoffs will be coming in the next several weeks. Anyone know in what areas / department?

2021 comps

Just wondering what the comps are for folks working at state street and in comparison to other banks. Titles and compensation

Seeking for Lawyer referral in Boston, MA

I am looking for an attorney/law firm that will not hesitate to take on State Street Corp. to help with Bullying, Harassment, Discrimination, and Defamation. Thank you in advance for your referrals.

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| 4150 views | | 9 replies (last March 24, 2021)
Post ID: @OP+19vflSXC

Wait for severance pay?

A colleague and a good friend of mine was convinced that he would be fired, everything pointed to that, so he decided to wait for severance pay. Just because of the severance pay, he decided to miss a great chance at another bank, after which... — read more 

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| 3590 views | | 4 replies (last February 16, 2021)
Post ID: @OP+19qlvbLD

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