Topics regarding layoffs at State Street Corp.

Topics regarding layoffs at State Street Corp.

Worst company I worked for..

seriously worst company I worked for. Extremely top heavy management absolutely clueless. They spend alot of time tearing each other down. Unbelievable nonsense actually. Most give out nonsense work just to waste time.. I don't get this logic other... — read more 

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| 2470 views | | 5 replies (last April 4, 2025)
Post ID: @OP+1jqcpbk2f

Why State Street never submit WARN?

With State Street being notorious known for doing layoffs, how are they getting away from not submitting WARN? https://www.mass.gov/info-details/worker-adjustment-and-retraining-act-warn WARN for Employers As an employer, it is your... — read more 

GA Got Hit Today

Just got the word two of my teammates got the pink slip this morning.

State street

State street is a joke of a company. Financial reporting leaders are always acting like it’s not their fault. India workers can’t do anything. Pathetic

Record year profits only 3% bonus

And no raises working in the division that makes bulk of the company's revenues. The joke went from comedy to tragedy really quick.

Great place to work . . .

If you live in Ireland, Poland, India. If you live in the USA State Street wants to be rid of you, erode the tax base, and hire foreigners.

TCP - Numbers are out. How we feeling?

I tell ya, this company takes the cake and ice cream too. TCP numbers are out today! Yay! What a great year we have had they say! Um, did we forget about the su-kers who made it happen? No merit, same bonus (which we honestly count on as part of... — read more 

Hello Ireland! Good Bye USA!

Charles River Development, one of the companies State Street acquired, just dumped a bunch more US employees, and moved the jobs to Ireland. Bravo State Street! Lets keep eroding the US tax base. Suggestion to people applying to State Street or... — read more 

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| 3070 views | | 9 replies (last February 7, 2025)
Post ID: @OP+1jjk1xcjq

Layoffs this week

Why am I reading about layoffs happening yesterday? We haven't heard anything and nobody in our team was affected. Does anybody know if this is something that actually happened and if so, what was hit? Also, should we expect more cuts throughout the... — read more 

Bonus

I think Ron should split his entire bonus one year to all of the company employees. Maybe they will try and force us to get another shot. Don’t do it! More work less pay and no reinforcements on the way but hey kids out of school with no knowledge... — read more 

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| 2800 views | | 15 replies (last January 16, 2025)
Post ID: @OP+1jgrqcz8f

what is going on in Quincy?

Had a meeting in the john adams building today and the entire 4th floor is all Middle East or indian males. Walked by no less than 200 people and not one was a poc, female or caucaisan. The person I was meeting with took me for a tour after our... — read more 

Year End Reviews

Are the senior managers dictating the average "3" rating for the employees to control the bonus payouts towards the lower end.

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| 1650 views | | 2 replies (last December 20, 2024)
Post ID: @OP+1vORg0oL

Layoff 11/18

I heard the last layoff date was 11/18-but not seeing anyone post, anyone get laid off?

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| 1310 views | | 4 replies (last December 19, 2024)
Post ID: @OP+1vEBlcDF

Incoming layoff date?

Nov 13 or Nov 20? - a Wednesday convention? Can we negotiate an earlier TD?

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| 1160 views | | 2 replies (last November 15, 2024)
Post ID: @OP+1vo7slB0

Will layoffs continue in 2025?

I know November 20th is the last schedule staff reduction date for 2024, but has anyone heard anything on them continuing into next year?

Union for State Street Employees

I am not a big fan of Unions but I think ib this case lower level employees would benefit if State Street Corp was a union shop. Bet we would have better benefits and perhaps a raise that actually makes a difference. Anyone ever attempted that ?

This week's cuts

I've heard some people received their notifications, does anybody here know more about it? Was it just a few targeted people or was it something more significant? Is it over or can we expect more tomorrow? I hate there's so little transparency from... — read more 

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| 2420 views | | 8 replies (last November 5, 2024)
Post ID: @OP+1uIbZo9T

Mental Health

If you really care about yourselves and your mental care, get out of here. I am free of this joke of a company since June.

New RTO on June 30th

Has anyone heard how they’re policing the new change in RTO? The first one was a big joke once everyone found out they weren’t being tracked or penalized. Does anything change with that come June 30th?

Query on Unemployment Insurance in MA

I got laid off in May. During the GHR webinars, I understood that in MA, severance is not considered as income and we could claim UI (Unemployment Insurance) soon after being laid off. I applied for UI the next week of lay off. I received notice of... — read more 

Next Layoff date?

Anyone any idea of next layoff date? Is it September or will there be a round in July also

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| 910 views | | no replies yet
Post ID: @OP+1sD4V3eH

AWA

Has anyone heard they are reconsidering AWA?

Severance & UI

May sound like an insensitive inquiry but the UI decisions varies from one company to another so i have to ask or wait weeks for an answer. From anyone that received severance, did you manage to get UI at the same time or were you told you’d only be... — read more 

Next round

Next round week of 5/10/24. And every other month until eoy. Can anybody confirm this? Is this just guessing or has there been an announcement of some kind about it?

Live in NH & Work in MA.

So in July I have to go into Boston to work. Can anyone explain how much this will cost me in terms of paying taxes? I’ve been working at home as an OSL since 2022 and never had to pay any taxes to MA.

Boston SVPs being replaced by India

So three SVP that have been with SSB for a number of years ...their positions are moving to India. This was announced in a company wide email. Who will be next? Seems there is no loyalty whatsoever any longer.

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