It seems to want to divest itself out of existence that's one way not to give pay raises ...
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I don't understand the BATS comment. State Street is moving listings of some of its ETFs from one exchange (NYSE) to another (BATS). They are not losing their ETFs or ETF business. Agree with all of the other comments about the company generally though.
It's terrible each round of layoffs brings more stress and anxiety never knowing when or if your job will be cut. Will they retrain people? My guess unlikely this CEO and board have no regard for employees only keeping their salaries/fortunes alive
I wouldn't be surprised if they continue to lose clients. How can they still have satisified clients with all of these continual layoffs? They are mostly laying off experienced workers and replacing them with recent college graduates. I personally know many former State Street employees that were experienced workers that were laid off in the past few years.