Thread regarding State Street Corp. layoffs

Technology?

Most of the technology is old and what is new is badly designed. Good luck.

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| 2291 views | | 8 replies (last September 18, 2019) | Reply
Post ID: @OP+10l3kv5T

8 replies (most recent on top)

@Post ID: @10l3kv5T-Lkxl

That is because all the Great IT support staff which kept the old equipment running , are old gone.
The great IT staff which did miracles keeping the equipment running through patches and finding
old parts (lol) are gone.

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Post ID: @Lzko+10l3kv5T

They cannot complete IT projects due to the lack of IT talent - because they like to lay them off. Executive jackasses.

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Post ID: @Lkxl+10l3kv5T

Has State Street GTS forgotten how to manage a big IT project and put it into Production? It seems every project now ends up way over budget, way late, until it's finally just cancelled before it is completed.

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Post ID: @Jzkp+10l3kv5T

Omnia is also a failure.

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Post ID: @Fjwv+10l3kv5T

@10l3kv5T I agree that the old technology didn't always run properly. No longer working at State Street so have no idea of the newer technology. It is very important in an industry that deals with the stock market and has tight daily, monthly, yearly deadlines that the equipment runs properly. The result would be losing many clients. The only solution that upper management has is to layoff these productive, intelligent, hard-working employee's and send the work to India. Of course hiring contractors is another solution I would definitely consider working as a contractor for the right job opportunity.

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Post ID: @1slh+10l3kv5T

Beacon is the future. It will only get worse. Executive management will never admit failure. They will respond by increasing the offspring of American jobs and cut, cut, cut the number of American workers.

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Post ID: @1zhm+10l3kv5T

The big mistake they made , was getting rid of all those smart IT support workers with 15+++ years
of experience.
Who through their knowledge and hard work was able to keep the ancient hardware running .

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Post ID: @1jxs+10l3kv5T

Beacon is a failure. No one will disagree.

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Post ID: @1mdg+10l3kv5T

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