Thread regarding State Street Corp. layoffs

They drilled that line into you enough. But it is tue a disguised age discrimination at many companies.

However, you d ppl have it tough because the jobs they should have inherited are going to displaced experienced workers like you, it's an awful mess great globalist companies created, hopefully corporate tax will go down, America first policy will kick in and we just might all get rescued. I'm not really optimistic, I think sst ship has sailed hit an iceberg and is sinking fast.

Sadly it took me 3 years before I could find a new job at a 30% pay cut.

But them again being 54 I was grateful just to find a job.

I wish the Ceo and Board of Directors would stop dropping a few millions to the various

Charities . But no they will continue to give a few million dollars each year to various

charities while laying off workers.

How painful to hear about all these million$$ donations while people are being laid off

People in fear of will I become homeless

All the managers avp vp svp that have to play the game and find fault and demoralize your staff cause you can't offer raises you are all part of the problem. You think you're doing such a great job by baking too execs happy wake up your pink slip is coming too. Karma will come around and because you didn't try to change the status quo you will flounder out there too.

How dare you minimize hard working loyal intelligent employees just to save your own a--

You'll be sorry someday soon too.

There good ceo's and bad ceo's in good financial times bad ceo's are just uncreative but in hard times they are devastating to a corporation. Folks, this is what we have an uncreative, self serving, unimaginative CEO it's kind of like he's followed in others footsteps instead of blazing his own trail and state street is in a rut. Unless it until new life is brought in at that top level of CEO, state street will fall further behind until it is even more of a shell of its former glory. She's sinking and we need to get off now do not look back save yourself.

We all know it's not exclusive to State Street the lay offs, but what I can personally tell you is from friends and family in many different corporations and fields, State Street is the absolute worst for compensation. Absolute worst!

Also yes, a lot of companies are into contracting jobs, why? High insurance, taxes etc etc etc, we can thank former administrations in the WH for making a HOSTILE work environments. But State Street takes it to a different level so sure it's a tough environment out there, but we've been treated way worse and anything will be a step above.

Hopefully with President Trump lowering taxes and dumping ACA and making Americans a top priority for America hopefully we will prevail.

But you need to leave State Street it's a career killer, moral killer, enthusiasm killer... you get the idea.

Unfortunately, this isn't only happening at State Street. I had several interviews with other financial institutions for similar positions that I held at State Street. Many of these other companies are only hiring contractors and you may be employed 6 months up to 12 months. Additionally, you won't be receiving any benefits. These other financial institutions also have a good amount of their workforce in India and other global offices in Poland, etc. If you get hired by one of these companies on a full-time basis do you want to move to Europe?

Yea it is very curious that he's still at the helm.

His salary is stunning given the condition of state street.

If you look on market watch it is suit after suit after suit. You can't blame all of it in Dodd-Frank. I realize it's been the death knell for finance with D-F but pres Trump has already signed a few orders to relieve some of the compliance nightmares.

I keep wanting to believe State Street will get its act together and improve the salaries for us, but six years and I am in disbelief at my salary.

My friends and I when i graduated college started at what I make now, I am at a financial deficit and it's only through diligent saving and scrimping I have a 401k. I can't afford rent, it's hard to buy anything for a property so I keep sending out my resume.

Something's gotta break, I have to get out of State Street. I can't afford to work there any longer, pathetic really!

And all the time it's just one class action lawsuit and then another. Maybe the company's stock is up - maybe that's why the board keeps our ceo? No that's not it--stock is below where it was BEFORE the financial crisis in 2008. So why do they keep him? I can't get out -- I'm trapped and stressed. And all the time our CEO rakes in record salary and bonus amounts. How much this year Jay--how much?

There are many great consulting businesses you can invest in nowadays. The job market doesnt function like the old days. Forget about resumes, job seeking and 401k benefits...those days are coming to end

If you are smart, motivated and willing to take on a bit more risk there are HUGE opportunities in the new economy.

"There's more than one way to skin a cat"

New article in BBJ State Street more employees over 4% hired outside of MA they don't want to increase our salaries or even stay here I said it before it's a race to the bottom and corporate feudalism.

The writing on the wall needs no interpretation or clarification, get out while you can.

Please let today be the day I get an interview and job offer, please!