Thread regarding State Street Corp. layoffs

How much did it cost for the bank to send their directors including the one from douche to Singapore and Hangzhou? Retain costs is the mantra for little people only.

@Post ID: @kbpw+1p7ozNTI

The problem is State Street laid off too many highly skilled U.S workers with years of
experience. The remaining U.S staff is so overworked they are just suffering from
massive burnout.

The problem with the Indian staff is most Indian workers are more concerned with
constant job hopping from one company to another. This means the few few U.S workers have to start all over again training new Indian people, and keeping out with their double workloads in the U.S

I am close to retirement age but worked at State Street for 27 years. Many of my colleagues were laid off or left because of the toxic environment. My understanding is that many of the staff in India either isn't trained properly and they also have a high turnover rate. This will only result in issues for the staff who is reviewing and submitting their work. Unfortunately, I never found another similar role since leaving State Street and transitioned into a sales role which really isn't my strength. I occasionally post on this site since I want to encourage anyone who still works for State Street to take advantage of any training that they offer, keep your resume updated and make sure that you have a good network in case you do eventually get laid off.

1. I saw an associate who still works there , literally 22 years old become MD in a span of 3 years. zero clue on how the business worked, but you can definitely measure how high her skirt is - and you can definitely the tall blondes and brunettes who make it.
2. Anyone who worked there more than 15 years have their own tribe. They are protected from everything.
3. They have a retainer from a large law firm in the Boston area dedicated to fight discrimination. I've never seen a company that has a retainer.
4. 80 percent of the time you will receive zero raise, that is budgeted and allocated for promotions for favored employees.
5. 99% of decisions are made by literally old white males.
6. There is blowback for everything that is against your manager. It won't be the next day, but you will realize it when it is too late.
7. The can put you up to Nov for termination and not pay any bonus.
8. The incentive pool is fixed. if they add 20% to your department, the pool does not grow.

Worked at SS for about 8 years and was harassed many times by compliance guys on my outside activities even it complies to SS policies. Compliance guys illegally peeked into my out of work life and lied to me that they learned it from anonymous call. This company is on the way to be destroyed by too many parasites at compliance, HR and managements who's exist are only to abusing their power and destroying the company culture. Certainly SS is one of the most notorious bank on no pay increase for years, close to zero bonus, at work slaving, rude of management ....

I quit.

Worked there for almost a decade, abused. The end I did start tracking the s-xist discriminatory abusive things that went on . Brought them up to hr on multiple
Occasions, realized I could not fathom the thought of other young women (or anyone !!) coming in and going through what I did. I fought. Brought them up to lawyers outside of state, I did have a case. I ended up leaving for a better job before taking it to court/ the whole situation was causing me to spiral into deep depression. By the time I left all women I knew left already, I was so alone. I still have all the documents, If others want to get together and fight I would be happy to.

The culture is insanely toxic, very male dominated: everything is a power play, you aren’t a person you are a pawn being used for someone else’s benefit.

I am happily free
Now :)

I worked here about 3 years, splitting time between two different teams with a failed stint at grad school in the middle. I’ll just lay out the facts:

1. was harassed by supervisor for medical appointments outside work hours. Had to have meeting where I explained my medical conditions.
2. couldn’t get sick leave approved and was threatened into working from home while sick. Generally harassed about most forms of PTO.
3. lied to about reasons for hiring, I.e. told that the team was expanding when in fact they had huge issues with turnover — five people left within the span of a month
4. lied to about rehiring for individual who was bullied out of team within the first week. Found candidates for my supervisors who just ghosted me and never brought it back up.
5. different supervisor ghosted me during training then publicly berated me for making mistakes
6. was never trained for first six months at the company
7. my first stint mostly comprised training teams in India while being actively encouraged to seek employment elsewhere.
8. frat bro/high school culture. Listened to managers talk sh-t about individuals inside/outside their teams, new hires, and everyone in between. Heard VP’s make s-xist remarks in the break room. Managers constantly swearing, talking about gambling/drinking, and treating the office like a gymnasium (one of my managers was quite comfortable hawking loogies in the office).

I could go on. All of the real work at this company is done by interns and associates. Anyone who stays long enough to be promoted to management level is either too incompetent/complacent to find work elsewhere, is a sociopath, or some combination of those things. I’ve met one VP who I thought sincerely knew what they were doing, that is the exception not the rule. Cheers!

I only taught 60% of work process to my Indian staff. I let them fail since the upper management will layoff me anyway.