A take on ol blue eyes.
Fidelity is offering buy outs, just one more highly skilled group to try and compete with for the few meager positions out there.
Time to call your governors and Reps for a little assistance.
Tell senator EW to pay attention to her "home" state of MA to help us.
@I worked at both Fidelity and State Street
As a former SST worker who was discarded after 25years of faithful service, working 50+ hours
weekends and holidays when needed. I can tell you SST prior to 1995 was a great place to work
and have job security.
Then things started to change the new Mgmt brought in no longer listen to the idea's and input of employee's Departments no longer worked together as a team, but instead under new
Mgmt each dept became their own little kingdom holding onto their power.
Training became very limited under new Mgmt and any training you did receive was carefully
checked before it was approved .
Yes it is very demanding work for the IT support people to constantly have to do patch work to
keep the computers running, when MGMT will not listen to us.
IT support does a great !!! job of keeping the old systems running.
Oh yea it's getting pretty bad I just posted about London and Hong Kong it just might be too little too late even with tax cuts coming and DF being repealed in parts.
Rot from the top down and from the inside out. At times I feel like there is no escape!
Reason why trying to get out of the Black hole of s s is so difficult.
Can't get out it's like a death grip onto your career.... I said it before it's a career killer and a moral killer and I am trying like crazy to get out.
Brutal just brutal. And mgmt is passive aggressive even the nice ones it's just the culture that has fermented, rots from the top down. Pray for me and I'll pray for you that we get out whole intact and employed.
I worked at both Fidelity and State Street and I can tell you Fideility employees blow State Street employees out of the water in terms of ability and training.
This is not a knock on State Street employees, it is just that Fidelity is so much better managed and they actually value their staff.
State Street is so compartmentalized, that most people know how to do B to C but zero idea of what A or D is. The culture of State Street is so toxic that none of the hiring managers want anything to do with someone from there as all SSB employees are viewed as damaged goods.
It certainly doesn't help that your main platforms have not been updated in 20+ years.
Anyone who is interested really needs to google petitions to Congress and get involved. At least President Trump has the right idea to tax corporations that continue to keep sending jobs overseas. It isn't going to happen overnight but if corporations continue to be allowed to fire a good percentage of their workforce and send these jobs overseas and to other countries this leaves all who are fired without any good opportunities. I know from personal experience that many who were laid off from their corporate jobs are struggling to find any new opportunity let alone obtaining a position that pays them close to what they were making.
Additionally, the younger worker is also finding it difficult to get hired on a permanent basis. Most companies don't care about hiring anyone on a permanent basis but are just interested in their bottom line.
So who exactly benefits from globalization?
Governments with the desire to consolidate power to a select few ruling a collective governance, certainly not you or me or the tens of millions displaced.