Thread regarding State Street Corp. layoffs

Don't Let this Quarter's Results give you a sense of peace. The AXE is being sharpened as we all plan our family vacations.

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| 911 views | | 3 replies (last July 29, 2016) | Reply
Post ID: @OP+IBbo1a2

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I agree with all of the latest developments we should expect layoffs soon. So far, I haven't heard anything new about layoffs. I also have a lot of friends that work in other areas and they also haven't had layoffs recently. Since they already announced 7,000 layoffs by 2020 I would imagine that that number could increase.

I wouldn't be surprised if they have some layoffs soon though.

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Post ID: @1xfk+IBbo1a2

True SST now longer makes money by winning new clients. They make money by just having

yearly layoffs. Least this year they went after the real fat in the company. All those overpaid

EVP and SVP.

Usually they just laid off the average worker who was actually the one trying to SST running

The average worker who makes less than $45,000 a year.

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Post ID: @mhd+IBbo1a2

I agree. Lots of closed door meetings going on around me. Seems to me that something big is coming soon. People leaving the closed door meetings look to be very stressed out.

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Post ID: @lve+IBbo1a2

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