Robots and AI will run the show.
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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 SECURITY.
Prior to the year 2000 the company rarely had any layoffs, until since 2000 where laying off and outsourcing is the norm.
I remember after being laid off in 2000, visting the few few remaining people I knew in 2010, 2015 and 2019.
As the years went by I noticed the yearly increase in workers from India replacing U.S workers
Long gone from this sh–hole of an organization
There is zero chance STT is taken over by another bank, there is no way in hell it would pass anti-trust.
Selling GA is the first sign of trouble. If CRD doesn't move the needle by YE 2023 I'd think they'd start parting the company out
I see it in India!!
State Street will be bought by another large financial firm , I remember a long time ago the rumor that Bank of New York was going to take STT over.
Within 10 years I think State Street will complete their goal of having at least 75% of the work done outside the U.S
And the remaining U.S staff replaced by at least hmm 90% H1B workers
Poland
India
China
Any questions?