IT
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@115gZP53-1bto Yes, I agree that something needs to be done about this continual outsourcing and layoffs at State Street.
https://www.bizjournals.com/boston/news/2019/09/13/state-street-lays-off-250-it-workers-in-latest-job.html
250 IT according to ignites. The ironic thing is that when the tax cuts were announced at the beginning of the year SSB instead of getting raises for employees they were going to invest in systems .... right
@115gZP53-1wnp. Right on point. What this executive team is doing should be illegal. These thieves belong in jail.
The great Executive Team Can't sell the clipper ship just yet...still have more large salary increases to get and more huge cash bonuses and share options to award themselves.
Cut, cut and cut further is the executive team's plan to get rich.
For the rest of us—not so much!
can they sell the company already?....layoffs have been going on consistently the last 20 years
Sure. Why not? There's a correlating trend going on. I would suspect more cuts to make way for the new year. My belief is that most cuts will in October to ensure satisfactory headwinds going into next year's. Have a look at their stock STT.
No