I am amazed with all the layoffs, and the poor quality of work being done in India.
How this company has not lost any major customers. But then they seem to do a good job
of keeping things out of the news.
I pity the U.S workers already doing double workloads, and then having to fix all the mistakes... being done by the unqualified staff in India.
I used to work for another company that was an early adopter of outsourcing to India. It was a given that for every US worker replaced, it required 2 to 2.5 workers in India (it was factored into the outsourcing rates) because of skills, constant turnover, and work culture. Eventually, work got pulled back to the US and only low risk/ basic functions were outsourced.
All you need to watch is the stock price----YTD --State Street's stock price is down about 13%. Over the last year it is down 44%.
The market is speaking and it is not impressed with the State Street management team or the business strategy.
That's all you need to know!
@Post ID: @Zwf1Mxe-1bxt Lol outsourcing outsourcing, replacing temps with temps.
Least the staff in Poland is far more capable than the staff in India.
Was listening in on an exec call, apparantly 70% of the services done in NA has been offshored and we have to do a better job of sharing the knowledge.
This place is a complete joke, they even offshored already offshored services. They closed down hubs in Manilla and Poland to move it to India.