The thing that bothers me the most at State Street is that this place is too political. Has it always been that way or...?
STT 2022 layoff and early retirement
Anyone has information on STT year 2022 layoff plan? Does STT has a early retirement program for those 55+?
Maybe it’s high time to start caring about other things too?
Since it is obvious that State Street is very worried about employees being protected from the virus, my only hope is that State Street will soon start taking care of other things that bother employees. For example, other stress-related illnesses... — read more
Inclusion for people with skills
Does it seem to you that this company has become inclusive for everyone except for people who are great at what they do, who have knowledge and skillset? It seems to me that it has never been more undesirable to have skills than it is here now. No... — read more
Going to work for direct competition
I came to State Street from a company that was not a competitor, and now I have received a very tempting offer from direct competitors. I talked to people who also crossed over to competitors and they all tell me that there was something very... — read more
Got sick, but my manager rejected my sick leave at STT. What should I do?
I got sick badly and applied to use some of my sick leave left. But my manager in STT rejected my request. What should I do?
Does State Street have a plan for that?
I do not believe that in the end many people will leave because of the vaccine mandate, but I think that their number will not be small. I'm just wondering if this company has a plan on how to attract replacements, since it's no longer a very... — read more
Vax or be Fired in January
State Street is requiring all employees be fully vaxxed by 12/22 or face voluntary resignation in January with no severance or unemployment. Problem is 50% are still not vaccinated. Bend on your personal beliefs and you get to stay and watch the... — read more
State Street Layoffs 2022
This is a master thread about State Street layoffs? Any chatter, news or rumors?
Redundant positions
I just wonder how many people will become redundant because of merger?
Wow… look at this article about State Street not wanting to hire a certain class of people , people …..how do you white men tolerate this?
https://www.dailymail.co.uk/news/article-10174235/Bosses-one-worlds-biggest-investment-firms-need-special-approval-hire-white-men.html Wow… look at this article about State Street not wanting to hire a certain class of people , people …..how do you... — read more
When is the State Street / Invesco merger happening ?
Will duplicate roles be eliminated? Is that why the GC left? She wasn’t there for that long.
Underpaid?
Since I have more and more work almost every day, I feel more and more underpaid. From talking to some friends who work in other financial institutions, State Street seems to significantly underpay its employees. Did you make any comparisons? I... — read more
Can my manager in SST fire me for unable to complete COVID vaccine in a week ot two
My manager has threatened to terminate me if I cannot complete vaccine shot in a week or two. Is this legal in NJ or MA?
C.O.L.A.
Think State Street does anything for their employees to offset for inflation?
Talent Bank?
What happen when you are put into the talent bank? Do it mean you are on your way out?
Be honest
Was State Street once a great employer? I've been here for a few years and all I have are bad experiences. But some of my older colleagues keep swearing that this was once a great place that respected employees and treated them as an asset. It's hard... — read more
Is there anyone who would want to come back?
I’m 99.9% sure there isn't anyone who would love to come back here after they’ve been laid off or after they’ve left this ridiculous company on their own.
Leave on your own terms
There's no point in staying and building a career here. The longer you stay, the bigger problem you become for the company. When layoffs come around, chances are higher you'll be affected than not. If you don't leave on your own, they'll make sure to... — read more
Are they trying in any other way?
I mean, did it ever cross their minds to try to keep some jobs and some people? From what I've noticed so far, their business strategy equals cuts, putting pressure on people to leave on their own and that’s it. Such a strategy can be implemented... — read more
Tired and depressed
I am glad for those who left and found better opportunities, but I also envy them a little. I'm so tired that I'd most rather do the biggest stupid thing - give notice even though I didn't find a new job. I just don’t have any motivation to work. I... — read more
Vaccination Requirement
If you have a job that requires you to be in the office, what happens if you do not get vaccinated by the 17th?
How much time do you have?
Not sure how many people are holding on until they are retirement (or early retirement) eligible. I’ve got less than 3 years and I’m just keeping my head down so as not to be singled out for the slightest things. To be honest, the thought of spending... — read more
Talent Marketplace Package
Expecting the tap on the shoulder anyday now. Assuming you get to the end of TM without an offer, what kind of package do they pay out? Is it different in Ireland and the USA?
Severance-related question
I haven't heard anything about more layoffs, so this is not about that. I'm just trying to plan ahead just in case and I'd like to know how things work. Have there been any changes to severance in the last year or so? How long does it take to receive... — read more
It’s sad how little trained they are
Does State Street really think it saves money if people have such bad training? I would not even call it training. It's a shame really. My opinion is that a company in this way can only lose customers, trust, and ultimately - money. The company's... — read more
Exodus of the best people
State Street is in real trouble. You can tell that by the continued exodus of most of its best people. Everybody who has marketable skills has by now realized that higher pay, significantly better culture, and proper work/life balance are readily... — read more
This company has turned into a joke
The best people are long gone. Those who are still here are either looking for a better job, waiting it out until retirement, or are underachievers who won't be able to get a better job anywhere and are milking it for as much as they can for as long... — read more
Sinking
I marvel daily how this ship keeps afloat. Are our corporations this disorganized?
What's up with promotions?
What does a person have to do these days to earn a promotion? Has there been a company-wide freeze or what? I've been promised a promotion nearly a year ago and ever since then nothing happened. Whenever I ask about it I get the old "it's a done deal... — read more
IT Layoffs?
Any one have info if there will be more IT layoffs coming anytime soon?
State Street has no respect for us
Leadership here believes they can treat employees any way they want. We have to deal with intimidation and bullying every day in addition to being lied to and thrown under the bus when they need to cover their backs. It's truly shameful what's being... — read more
State Street fined $115 Million (So I guess layoffs will happened )
State Street (STT) Agrees to Pay a Criminal Penalty of $115M STT 0.89% Zacks Equity Research May 18, 2021 STT 0.89% The U.S. Department of Justice recently said that State Street Corporation STT has entered a deferred prosecution... — read more
Layoffs
Is there a way to volunteer for a layoff? Or is that not an option anymore with employees being placed in Talent Marketplace before qualifying for a package.
2021 Post Severance Health Care coverage issues?
Anyone else having issues getting the EE Subsidized health rates that State Street promised during the severance period? I have been fighting with both State Street and Fidelity Net Benefits for 3 weeks now with no progress.....
I remember...
I remember it was the dream of every graduating high school and college senior to get a job at this company. To get a job here meant you were set for life with a good paying job, chance to advance up the job ladder and job SECURITY SECURITY... — read more
What Areas Will Be Hit
Hearing some layoffs will be coming in the next several weeks. Anyone know in what areas / department?