The layoffs have hurt many hard working American individuals and families and to what end. How have the markets reacted to all the job cuts at State Street!
The company's stock price is now below 57 per share down from 81 in mid 2015 and below its all-time high in early 2008 of 86 per share. So in other words---Jay and his team have hurt many hard working employees while not achieving the result they expected. In fact---their actions have been completely rejected by the markets. You cannot cut your way to profitability.
On 3/14 we unite as one voice to finally draw attention to this tragedy. The layoffs and horrible treatment of the Sate Street workers must stop.