Thread regarding State Street Corp. layoffs

That's what they do precisely make the conditions so difficult or undesirable it forces you out. A rather sleazy cheap and morally bankrupt way to force you out.

They keep wages low they demoralize you to make you feel worthless and you stay out of fear of not being of value elsewhere.

It's a gross insidious business model and the uppers will flourish with no repercussions.

But are these newly hired workers H1-B visa workers who are paid 25% to 35% less than the people they are replacing ?

Are these people coming out of college and desperate for a job so they will take what ever State Street offers them ?

Usually when they lay off people and replace them its with H1-B cheap workers

And yes they can encourage you to quit to avoid paying you severance by changing your working hours, your shift or move you to another location which is further away from you.

By end of June, teams were to have seen the benefits of many Beacon projects work.

Unlikely this is work was done effectively enough to automate fully but I assume people will still be let go.

I also think that actual layoffs of employees are becoming more rare.

Instead employees are being moved into new roles, projects, and departments, basically forcing people out. Are other areas in the company seeing this strategy used as well? Severance and benefits are getting expensive. I think they realized they can get people to quit on their own.

Lots of new people being hired too which seems to contradict everything. The people I see being hired are highly educated and experienced and I would think do not come cheap.

Wednesday is the day.

They walk you out when they get to you morning or afternoon if you are out of the office they call you. There is no hiding

Do they walk you out then is it morning or afternoon?

How many are going? anyone have s clue?

This Wednesday is in play. Book the projected savings before the end of the quarter so that Jay can look good for his Wall Street buddies. Call in sick, work from home or take a vacation day. Do anything you can to stay away from the office.

It's strange no people chime in or offer sentiment.

I think Wed is in play too, I just wonder how many felt pressure to leave making 39000 for four years and no raise

I mean is that really not a forced quit?

The silence is deafening isn't it?!

My bet is Wednesday is in play.