I just wonder how many people will become redundant because of merger?
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@qdw+1dKNfD3d - Even some former State Street employees will be hired back in a contract role. If you are not hired by State Street you might be hired in a contract role by JP Morgan Chase or BNY Mellon. Sometimes these positions might lead to being hired on a full-time basis. Some of my former colleagues who are members of my network were hired by other financial services firms.
Well when the merger happens they won’t need two HR departments, they won’t need two legal departments or two General Counsel roles, or two CEOs or two CFOs, or two COOs, or two (insert role here)…. You get the picture. They will mostly get rid of STATE STREET people like they always have in past acquisitions and mergers.
If you’re a white guy, over 50 and in a senior role State Street, I’d be looking for another job. But I doubt you’ll get hired as it’s not cool to be white now. And over 50 is looked down on for hiring.
Hopefully the over 50 white guy that laid me off will get his serving of karma soon. So good to be watching this from afar.
The question is not how many redundant people will be laid off.
The correct question is how many white American men will be laid off using the excuse they are redundant?
Hate to tell you when they merge redundant people will be laid off.
For the last 15 years State street to save money, State street has been
laying off people, bringing in contract workers and H1b workers.