Thread regarding State Street Corp. layoffs

Enough is enough

Crap company that can't think of any other way to survive other than to cut costs by outsourcing as much work as possible to Bangalore. Those of us dealing with India know that much of their work is barely acceptable, but I guess that's good enough for State Street. And as bad as the outsourcing is, now they have foreign workers in our Boston office and are forcing us to train them. Oh, they say that this is to free us up for more "value added" work that's coming in the near future. Yeah, right. If there's a more disrespectful and degrading way to treat the American workforce, I'm not aware of it. To hell with this place.

Posted by @TkwJaxs-grf.

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| 2111 views | | 3 replies (last September 29, 2018) | Reply
Post ID: @OP+Toffot7

3 replies (most recent on top)

I was a managing director in Fund Admin in Boston up until this summer (I left voluntarily) and I can confirm that their plan is to move 85% of the US workforce to India by the end of 2019. Some groups are at 50% or more already. If your group is not at 85% now, more layoffs are coming and a good financial report in Q3 is irrelevant.

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Post ID: @20tbo+Toffot7

IN-competence.

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Post ID: @bfrb+Toffot7

That is why they keep a few well trained U.S workers to keep cleaning up all the Indian messes

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Post ID: @igf+Toffot7

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