How about some modesty and humility on the executive level, now that they are talking about layoffs and major job cuts in the corporate in Boston.
Can President Elect Trump Help Save State Street Jobs in America?
Ford just announced it will be keeping a major plant open in Kentucky. President Elect Trump tweeted that he worked closely with Ford's CEO to ensure that American jobs are saved. We should all contact President Elect Trump and ask for his help in... — read more
Make State Street Great Again
We now know major change for the people is possible. Let's extend last night's political result into the corporate world so that we can all work together to "Make State Street Great Again"
Christmas pink slips
SST will probably start handing the employee's their pink slips as a gift from the Ceo and Board And who says SST doesn't give out gifts during Christmas
Since we are all sharing stories, I can't resist sharing this one...
I once had a super-hyper and intense drill sargent-type boss who was quite high up the latter and had his hands in quite a few big deals. He was quite capable to solve problems and drive projects but had very little class in dealing with people and... — read more
Daily Lay Off Reporting
Let's report all specific lay off action. If we see any or hear of any actual layoffs let's report it here. A co-worker, manager of junior staffer. Report it here. State Street generally layoffs in bunches so if we learn of specific layoffs we will... — read more
The token BELL-CURVE excuse
Just out of curiosity, is anyone out there a consistent victim to the annual 'bell-curve' excuse which basically plagues the heart and soul of the State Street annual evaluation procedure making it absolutely impossible to surpass a 3 rating even if... — read more
Today's Townhall
I missed today's call, was there anything good, bad or indifferent worth noting?
Top Charitable Company
Street Street was recently named a top charitable company in Massachusetts. Our CEO Jay Hooley graciously accepted the award on behalf of all State Street employees saying that charitable giving is part of the State Street culture. I have thought... — read more
November and December 2016 Layoffs at State Street
November and December 2016 Layoffs at State Street - State Street always wait till Nov and Dec to give out the bad news. God forbid they wait till after the Thanksgiving and Christmas holiday. The stress levels will hit the roof by Nov and Dec when... — read more
For those in their 40s and above
Start planning your exit by updating and sending out your resume and mentally prepare for your move. Sharpen your personal marketing skills! The clipper ship is not what it use to be and it will continue to get worse, especially for those in their... — read more
Taking Vacation
The last few years I have hardly used any of my vacation. I am scared to ask my manager for the time off and afraid that I will be laid off if I don't continue to work without. I am stressed out and need a break--any suggestions what I should do?
SST comes up with new cost cutting ideas
The following is a list of new cost measures that SST will start within a few months Pay toilets 50 cents 2 Paper towels 25 cents per sheet 3 Chair rental 50 cents per day 4 $5.00 to park in the SST lots 5 Coffee and tea will no longer be free $1.00... — read more
Summer Social "treats".
Was everyone as happy with their crackerjacks and cotton candy as I was? Such a considerate and heartfelt gift. Those treats were just what I needed, and really got the motor going.
State Street to Pay $382.4 Million Penalty and Fine
Well now I know where my raise and bonus went. State Street to pay a $382.4 million fine and penalty for wrongdoing related to FX mark-ups on FX trades executed for custody clients. No you are not reading this wrong and no its not a typo. $382.4... — read more
JP Morgan announces Pay and Benefit Increases for 18000 Workers
In making this announcement--jamie Dimon, JP Morgan's CEO said the increases "are the right thing to do" . Will State Street follow this lead and offer similar pay and benefit increases to its workers? Come on Jay--join the big leagues and follow... — read more
State Street Locker Room Culture
Is it just me or is State Street becoming more like a men's locker room and "old boys club" than a diversified place of work where effort and ability thrive and succeed?
Mid Year Rating for Jay Hooley - State Street's CEO
Well here we are at the mid point of 2016. We have all just completed our mid year reviews. Jay should get a mid-year review also. State Street's stock price is down 18.9% year to date. So it seems the market place is giving him a "1" rating. What... — read more
Hooley and Golf
Jay's love of golf is well known. Has his handicap been holding up this season?
What does Brexit mean to the State Street worker?
Today's UK Brexit vote is not good for banks including State Street. Bond yields are dropping to all time lows which is bad for bank (State Street) revenue. Watch out State Street worker--more job cuts appear inevitable.
Disgusted- Last one standing please close the lights
They are outsourcing EVERYTHING!! Mumbai, Pune, philippines etc, what's next? Vietnam and Thailand Last one standing please close the lights. Outright disgusting how this is unfolding.
I work at State Street --- Can I Retire Comfortably?
I am starting to get really concerned about my ability to retire comfortably given all the layoffs and job uncertainty plus poor salary increases that I have been experiencing at State Street. Can anyone offer me any reasons not to be concerned about... — read more
Employees Vote on CEO
CNBC had a segment today which described a company in Silicon Valley where the employees vote on whether or not to the CEO keeps his job. In my view this approach would ensure that CEO's balance the interest of all involved (employees, customers and... — read more
This trend needs to change
That is just wrong to include outsourced workers to State Street employee count. It just doesn't make sense to me. I am opposed to so many companies outsourcing and believe that the government needs to have a limit of how many employees can be... — read more
350 New Employees Joining State Street---Any Advice for Them?
As part of the recently announced outsourcing if services by Allianz investment Management--350 employees will be joining State Street. Is there any advice that we can share with them about the company they are about to join?
What is the standard process on the day you are laid off?
What can one expect on the day of being layed off? I know a person typically doesn't know in advance whether they will be severed or not, but how does it typically go down? Any insight from someone that has actually gone through the process would be... — read more
Layoffs coming in Dec 2016
How sad some layoffs are going to happen in Dec during the Christmas holiday Looks like the Grinch is still alive and making his layoff list
Civil Law Suit Filed Against State Street for Overcharging Clients
When will this ever stop? Latest news--William Gavin has filed a suit against State street for overcharging it's clients. Check out today's Boston Globe article or you can read about it on Bloomberg. Reuters etc etc. As the internal emails cited in... — read more