Thread regarding State Street Corp. layoffs

We see the writing on the wall

Given they admitted to hiring over 30% of workforce over last 5 years.... you can expect 30% + 15% to be laid off at the very least.....there will be 45% to be cut easily.

Companies make deals with the state to create “x” amount of jobs. They get big tax breaks. Until they have a few consecutive bad quarters and a few years of no raises and sh--ty bonuses. So we as employees know things are bad. We see the writing on the wall.

Hope these numbers are not true but all the logic points to that they are. Posted originally by @Xh8UZpr-jrn

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| 1241 views | | 2 replies (last January 24, 2019) | Reply
Post ID: @OP+XhkSoGe

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"State Street (NYSE:STT) jumps 8.2% after announcing it's plans to cut about 6% of its workforce, or about 1,500 jobs, to cut costs"

every time they need to boost share price, they'll do a layoff.

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Post ID: @mmm+XhkSoGe

People don’t want to believe what’s coming because it means they actually have to get off their asses and find a job and do some actual work. Maybe even have to work at the office instead of their pajamas at home.

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Post ID: @scc+XhkSoGe

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