Oh how wonderful it be to have the Ghosts of Christmas past, present and future visted the CEO and Board of Directors. Show them how they have destroyed the lives on so many former State Street Workers. People making 35% to 40% less due to their new... — read more 

Heard it from a friend.... layoffs happening first quarter of 2019. S---s to work at state street, lol.

As much as some people on here didn't like Jay Hooley I think we will miss him in 2019. We did get some cost savings though. Jay was making 16 Million. Ron will only be getting 10 million this year.

The company has diversity and financial goals to meet. If your peers are women and especially non-white women you will be the first to be shown the door. They get two birds with one stone. Cost savings and an instant boost in diversity ratio. So much... — read more 

We need our clients to demand their accounts are serviced by people in the US.

I wonder if investors are aware of our CEOs dark past. We are pushing ESGs, but the guy running the ship withdrew from law school for plagiarism.

STT just spent 2 billion on a tech company. Say good bye to your IT contacts.

I would advise you to work very hard during the day and look for job after work. Increase your odds of retaining your employment.

Get your resumes ready. They have to make it up somehow.

Does anyone know what the strategy is for 2019? If you are reassigned to delivery are you doomed? What about client service? It seems like they want to get rid of COEs.

There should be a penalty for moving work offshore in bulk.

When you see the term spans and layers in communication, that is code for eliminating management. If you are a manager and you lose your direct reports - you are in trouble. If you are given more staff someone near you is in trouble. Stripping you of... — read more 

Did anyone notice the 30% decline in stock price? That's what happens when you spend 2 Billion on an acquisition and have nothing to show for it. They are going to move as much work to india to make up for it.

They are not replacing any onshore reqs unless you belong to a client facing group.

We received prep documentation about how to communicate undisclosed changes and company strategy to be announced Q1 to staff.

Was just on a call where my department head was talking about how they had to pump the brakes on layoffs because they ran out of desk space in Hyderabad and Bengalaru. Guess they'll be between 500 and a 1000 more seats before end of Q1. Also that... — read more 

How did you like the review process this year? You did not even need to participate. Take your unjustified rating and eat it.

I’m watching senators from Michigan right now discussing GMs layoffs and the devastation where was it should I say where IS Lizzie? Ed? Crickets! And I’ll bet you all voted them back in too.

Does anyone remember that StateStreet gave us a day off in lieu for the passing on Ronald Reagan? Why aren't we getting one for Bush?

I'm not sure where all the worry is coming from. What I'm reading seem to be mostly rumors that never materialize, and we haven't had any layoffs in quite a while, from what I can see. Not that there'll be no more layoffs, I know there will be, but... — read more 

I heard some folks working on the AIS side are being forced to work from home 100%. There will be no permanent desks for FR and fund accounting staff.

Or, it'll be all milk and honey in 2019.

The move is globally to low cost area not only India and Poland. Impacting not only US but also EMEA and APAC. State Street is about to open a pandora box sooner or later.

GOOGLE? Can everyone have the wherewithal to rally for higher wages for regular employees and better conditions without fear of layoffs? Where’s our senator? Isn’t she good at protesting? Smh

Post any information about potential or actual State Street Layoffs in 2019?

Anyone being asked if they or anyone on their teams want to go part time?

State Street's problems have nothing to do with the "globalist" vs "nationalist" debate. If only it was that simple.... The company's stock is down almost 30% YTD. Far more than the declines in the stock prices of bank of NY, Northern trust or JP... — read more 

JH “Beacon continues to deliver significant savings and we have embarked on new productivity initiatives to achieve greater standardization and globalization of our operations and services.“. Not hard to read between the lines there now is it...

That’s a huge loss in share. Not good. Not good. Any pensions being renegotiated? Well if not they should be. Lots of blue chips do that to cut costs. Wake up Tick tock

Rumors are flying that part of the staff at SSGA will be laid off. They are now under the management or lack there of former GE staff. Again aquire/merge and layoff!! Glad I dont work there and recommend anyone climbing the ranks be aware.

It’s official now, State Street is purchasing Charles River for $2.6 billion. No surprise there, as the acquisition was already announced earlier this year. Don’t wanna get into the discussion whether SS paid too much in this deal, as it was... — read more 

As the press release states, the financial results for the third quarter are to be released on Friday, October 19, 2018, at 9:30 EDT. Think it will give us some sort of picture of where we stand. All of the details are in the link:... — read more 

State Street opened a second new office in Abu Dhabi on Monday (Sept 10) expanding in the United Arab Emirates as it eyes growth prospects in the Middle East region. Only a matter of time before layoffs are used to fill positions over there.

From what I can see, September 6 rumor turned out to be false at least where I am. Unless I am missing something? Where there some layoffs somewhere else at State Street that I didn't hear about? I think word would have spread by now if that were the... — read more 

Hi Everyone, I just got a job offer from State Street Atlanta Office. After reading all these posts about how SS is a sinking ship and there have been several rounds of layoff across the board. I am not sure if I should step in. Any Thoughts?

Anyone hear anything about 9/6 being another lay off day?

Apparently Aug 2nd will have some layoffs. Not sure which areas Anybody have more info on this?

Bloomberg has an interview with the top guy. Cuts will be at the bank not CRD.

Any news?