Nothing like a poor earnings report (down $3.00 at the open) to boost moral! More layoffs are eminent.
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The layoffs are sped up by poor stock price. They do lay off people to increase the stock price even more if they can get away with it even if they don't have to.
Yes, I agree that the stock price or success of the company won't influence the layoffs at State Street. The current outsourcing has been going on for almost two decades and will continue.
Lol the stock could hit $70,$80 heck $110.00 and they would still lay off people
Remember they been laying off people for the last 18 years.