Thread regarding State Street Corp. layoffs

Anyone still working at State Street needs to get out ASAP. As a former employee I know that most of you will eventually lose your job at some time in the future unless top management is replaced.

They just don't care about the current employee and how all of these layoffs influence the economy where these layoffs are occurring. They are only interested in the bottom line and shareholders.

I truly believe that State Street will eventually be acquired by one of the other large financial institutions. If you are currently working for State Street and they are acquired by another company you could definitely lose your job anyway.

No the layoffs will continue year after year after year. Some of them will be big others as I had said will be small stealth layoffs to avoid panic. But when people do not show the employee grape vine starts working checking with friends in other departments.

Think of the current Ceo and the past 3 Ceo's as the Captain of the S.S Titanic.

Too prideful ,ignoring the ice berg warnings until it is too late.

Remember one of the famous lines " This ship cann't sink"

It's 7,000 layoffs worldwide through 2020, so just because it is quiet now doesn't mean anything is tabled.

Would be nice if she sailed through the storm from the last decade still intact ...maybe the 7000 lay off is tabled, sure would be nice to have security, real raises and a bonus...I don't dare to get ahead of myself on wishes.

That's because all is good at the Clipper Ship.