Thread regarding State Street Corp. layoffs

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 available right now - and they are taking advantage of that. Unless something changes, there'll be no true talent left here sometime really soon.

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| 2601 views | | 3 replies (last September 29, 2021) | Reply
Post ID: @OP+1bLluq68

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Why would you do double or triple the workload for free? You have a contract, do that not more! It's a transaction. Do you expect 3 coffees when you buy 1?

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Post ID: @1jmfd+1bLluq68

I resigned! Wish me luck!

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Post ID: @rkf+1bLluq68

Agree , but you maybe you forgot a lot of the best and brightest were let go when they started doing layoffs around 2005yr. Then the layoffs became ever 3 years the 2 years, now sadly its a yearly event.

That is why you have poorly trained workers being trained by so called senior people who been their 5 years or less.
A vast highly skilled knowledge base was let go to save money.

And know you have understaffed departments with workers doing double and triple workloads.

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Post ID: @zbe+1bLluq68

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