https://www.bostonglobe.com/business/2016/03/29/state-street-official-pegs-staff-reduction-workers/89HmTzw98F6AvUCVyA9A4I/story.html
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The biggest mistakes former Ceo's Dave Spina, Ron Logue and current Ceo Jay Hooley was to
cut some of their brightest It support people to save money.
They lost some of the best IT support people who knew the Computer systems and Networks inside
out.
I hear the outsourcing to Syntel and IBM are well hmm full of mistakes which are kept hush hush
No big surprise for many of SSB employees. Jobs are moved to India, Poland, Manila and China. The company is under pressure to increase revenue but Jay tried to use shortcut. He tries to cut cost instead of hiring talents to steer the ship in the right direction.
SSB is old ship so it is leaking everywhere on the bottom. Instead of removing clusters to find the holes, he tries to paint it on the outside.
After nearly 10 years of working in SSB Global market, Treasury and technology division, I quit. Not because I have another job, I got sick of it.
I am luckier than many of my SSB colleagues, i can afford to stay home for a little while before i look for work or start up a small business.
Jay can never get it. Mike Rogers is now running GM and he will ruin it.