Thread regarding State Street Corp. layoffs

Is State Street poised for a takeover?

i have posted this in the past but will again. Doesn't anyone else agree that they are a good target for a takeover? Even a large corporation like State Street appears to be so poorly mismanaged that they can't continue. I can't imagine how it is possible that they still have any clients that are happy with the work they are doing for them. Additionally, the current employees are being overworked and harassed from what I understand and it gets worse almost every year. What about all of the current employees who are being displaced and offered new positions in a department that they have no desire to work in.

Most in the financial services industry are well-educated, hard-working persons who have no desire to work for a corporation where they are treated so poorly.

Originally posted by @Paaxhhi-5nge.

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| 2313 views | | 4 replies (last September 18, 2017) | Reply
Post ID: @OP+PfzEIwh

4 replies (most recent on top)

A takeover would be the best thing for State Street and all the few remaing U.S workers.

The new company could as Trump says " Drain the swamp of corrupt ,lazy incomptent Senior

mgmt.

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Post ID: @5dfw+PfzEIwh

Hopefully.

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Post ID: @1hle+PfzEIwh

...yes.

Which is extremely bad news for employees if it does happen.

Very bad news indeed.

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Post ID: @aje+PfzEIwh

STate Street used to be a great place to work at, every high school and college kid dreamed of

being hired by State Street.

If you were hired you new you were set for life with a 20 to 35 year run at SST.

But then outsourcing of jobs and the use of importing workers via H1-B workers took over around

the mid 1990's

Now the remaining workers are caught in vicious cyle of doing the workload of 3 people and afraid to leave, because of the dreaded job climate out there.

I remember once hmm 20 or 25 years ago the rumor was Bank of New York was thinking of buying State Street

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Post ID: @hss+PfzEIwh

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