As the press release states, the financial results for the third quarter are to be released on Friday, October 19, 2018, at 9:30 EDT. Think it will give us some sort of picture of where we stand. All of the details are in the link:
https://markets.businessinsider.com/news/stocks/state-street-corporation-announces-date-for-release-of-third-quarter-2018-financial-results-and-conference-call-webcast-1027560117
I posted on each separate State Street layoff thread just in case not everyone who carries about State Street's layoffs saw this thread. I'm sorry that you think I am an a disgruntled A2 who is posting, but indeed I was a Managing Director. If you don't want to believe what Andrew Erickson and Brenda Lyons are planning, fine. For the rest of you who do care, my advice is start looking to get out now. The worst is still coming.
Very true just got word layoffs will occur at SSGA this month Ocotober 2018..after GE took over group. Positons being offshored
The early point is totally accurate. Just look at the number of people in India Captive. Our unit is adding about 12 people there for 2019. Those aren’t adds to staff. They are replacement for leavers (both voluntary and involuntary)
Your claim loses any credibility by you posting the same comment on 7-8 posts.
You just come off as another bitter A2/Senior lifer mad because you stuck around 15 years too long watching the clipper slowly sail into the rocks.
Layoffs are still going to happen regardless of the Q3 report. 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.