Thread regarding State Street Corp. layoffs

I'd like to add to my last post that by allowing companies to not just outsource but allow for inversions has created a vacuum where corporations are now as if not more powerful than our country and we need to press congress to support this new president to gat our money back from inversions and unfortunately we need to lower not just our taxes but corporate tax or we will continue tibblwed jobs to the lowest bidder. We have the if not the highest one of the highest corporate tax rate and it doesn't bdvdgir us the workers one iota!

Look I'm not a republican or a democrat my lady vote for potus was al gore until yes I voted for trump because our political leaders are not at all schooled in business and as lawyers all they know how to do is debate and pontificate and deliberate and they keep raising all our taxes with little yo no work by them being done in the past twenty years other than fluff and nonsense.

We cannot support the world we cannot offer cradle to grave entitlements you see atriums the world how this is collapsing or collapsed hearth as it is America needs To go on a fiscal diet or we will face truly harsh austerity and the holy h ell will be unleashed.

We all live within a budget we need our government to learn to live on s bodgeg below it's means.

It's a strange new world we've been dealing with these past thirty years or so. My dad had been a GM for a factory in MA the union wanted to come in it was a small factory maybe 40 employees or so the owner tried to fight it but couldn't keep at it so he closed shop moved to South Carolina then in the late 80's outsourcing got hot and heavy and he left South Carolina for "greener pastures" over in china.

I remember my dad being devastated crushed he started there at 18 and was 58 when he lost his job fortunately he had taken a RE license and went into real estate. He was too honest for the job no disrespect and I mean that sincerely and was like a fish out of water. He plugged away into his 80's just trying to recover from the loss of income which wasn't great by any stretch of the imagination but it was a steady income back at the factory.

This has been a steady job loss in America which is my point, we allowed politicians to speak for us for too long without our input. We need to get these trade deals fair and equal or we will end up like a third world nation no better than them. Our constitution gave us freedoms and rights and we are based on a capitalistic republic and to lump us into banana republics or Marxist socialist regimes is a disrespect to all that have fought for this country. We all need to reach out to our political reps and wake them up no more unfair trade get rid of dramatic outsourcing we are going extinct due to ignorance by our political reps!

I have a few friends early 50's who were able to find new jobs after 18 months , making 30% less than they did at SST. But being in their 50's they are very grateful to have a job.

Its bad enough when your job goes to India but even worse to be forced to train your

H1b-visa replacement from India

1st we lost our manufacturing jobs, now we are losing our IT support jobs.

Soon the only jobs left will be Retail, Service or Goverment hacks

Thank you I had a cogent moment!

You nailed it. True #GOLD post

100% completely out of touch!

It seems that the "top shelf" board and CEO included haven't got a clue to reality.

I don't say this to appear insulting but the facts are present to the demise of STT.

Massive class action lawsuits, endowing temporary statues with 7000 layoffs looming, hiring outside execs with big bonuses, creating frivolous expensive roles to satiate a social cause that doesn't exist.

Look around you is it diverse enough? Are we all getting the same lousy pay no matter what?

A resounding YES unless of course you are the bloated top!

They are the elite sinking on the titanic refusing to board the lifeboats because they know they are unsinkable! They will have a new gig with another platinum parachute.

But just like the titanic those of us that DO need a life boat need to scramble since there are not enough.

It's brutal out there, still trying to find a new job. Completely rejected by all financial institutions.

Guess I'll be sinking with a large number of good souls.

“Qu'ils mangent de la brioche