Does anyone have any news or insights into how many people in London may be affected?
4 replies (most recent on top)
London is prime real estate. I would not expect them to keep people there when it’s cheaper elsewhere. Find out when the lease ends and that’s lay-off time....
Plus, London salaries are more expensive than other places. It’s a dead company. No future.
thanks for your response. We have previously had offshoring to both Poland and India. We run a lean ship in London but maybe they see even more fat to trim. worrying times.
If they can lay you off and hire someone, or two people for cheaper of what it costs to keep you, they will cut you.
Basically, if you are paid a fair wage or overpaid, you’re getting cut. Doesn’t matter where or who you are. Everyone is replaceable at a cheaper cost.
Not really sure but have any of your positions in the past been sent to India. I would expect you will say no and in that case your office won't be affected. I can't imagine that all global offices have been influenced by the layoffs that have been happening since the 90's. A former employee of State Street who was fortunate enough to live in Europe for a short-time in my career at State Street. At that time they were sending qualified employees to help train/work in key positions. I would imagine they are still offering current employees the opportunity to work in Europe. Australia, etc. but I can't be sure.