What a farce and joke they act luck it's the Manhattan Project. It's a terminal layoff no one safe or soared get your resume up to date and pray you can find a new job layoffs are everywhere in all sectors except maybe Walmart or something. Good luck... — read more
Here it is the BUG news on Boston business journal hundred high level being laid off just in a couple hours ago
I don't think the link it copying the full article is kegdlnsi gonthere read Boston Business Journal HOME NEWS State Street to lay off hundreds of high-level employees
On 3/14 we unite as one voice to finally draw attention to this tragedy.
The layoffs have hurt many hard working American individuals and families and to what end. How have the markets reacted to all the job cuts at State Street! The company's stock price is now below 57 per share down from 81 in mid 2015 and below its... — read more
I worked at State Street from from December 1982 until July 2012 (when I was shown the door)
A staffing agency called today. There is a 6 to 12 month contract job where The candidate will be responsible for the reconcilement to third party statements of domestic and foreign derivatives, including but not limited to Swap, Future, Options and... — read more
Any new layoff activity being seen by anyone?
No news is good news I guess. Maybe it was just dead weight being culled? Nothing out of the ordinary or bad going on where I am at, looking pretty decent actually...,should I be afraid?
Repeal Dodd-Frank
It's killing banking, in all ways and venues. The industry as a whole will be decimated and irreparable if Hillary gets in the WH. She'll have her minion Warren do her dirty work to destroy not just STT but the industry as a whole. If you want the... — read more
This is not a State Street problem or issue exclusively.
The whole financial sector is dumping huge amounts this year. JP Morgan BOA lots of layoffs and firings due to compliance irregularities. Dodd-Frank is crushing the financial industry in many ways. It has sa ripple effect on the whole economy. When... — read more
Pensions with Purpose: State Street Reveals Five Ways Pension Funds are Taking Action to Own Better Outcomes for Retirement
Rich am I right? State Strret article on yahoo fiancé not sure if the link will go through. I love the hypocrisy when not only do we not have live able wages, it's tough to deposit into 401k but I do not that it will go far, I'd have to deposit 25%... — read more
I wonder if Jay is watching the presidential race, both sides...
Whether you go GOP or Dem doesn't matter, everyone is angry and fed up with the status quo. Where are the activist investors to shake up State Strrets CEO and board? We are stuck In Quagmire the quicksand for money, growth and career development. We... — read more
So my boss says we're getting a bonus?
She fails to tells when or how much? Are we to just sit and wait and hope it appears in our paycheck? STT seems to take pleasure in having employees live on then brink of poverty. It's so odd it goes against other companies where they try to pay you... — read more
Is Hooley buying State street stock?
Jamie Dimon, the CEO of JP Morgan, announced that he bought 500000 shares of JP stock at a cost of $26.5 million. He used his own money to make the purchase because he believes in his company. Will Hooley announce a similar purchase of State Street... — read more
2016 Bonuses and Raises
So are we all happy with what we got? Even worse than expected for me and I had very low expectations. Now just waiting for the last Wednesday of the month for the next round of cuts.
State Street cares not one iota for you.
We are dispensable commodities being sold out to the lowest outsourced bidder! State smStreet is the largest account for the largest company that outsources people! That tells you something right there how little they value people. It is not s matter... — read more
State street is a terrible company.
You are paid like low wage retail part time workers and then get upset if you don't view yourself essential. Which is it State Street? This company cares NOTHING about you! You are literally a dispensable commodity to be replaced by even lower wage... — read more
Seriously, is anyone getting a raise this year?
I know I'm not joking, are raises (if you can call .05% a raise) being given out? Usually they start giving bonuses and raises and it's always so secretive and hush hush. Most companies enjoy giving out raises and bonuses. State Street makes you... — read more
I know I'm the anomaly, but I like my job and my team.
I have low pay and find it hard to live on the small pay, but I do manage. So you suggest up and leave instead of sticking it out? My guess is the people that are on a higher pay scale might be more at risk of losing their job or am I wrong in that... — read more
Out source the Ceo and the Board ?
Maybe its about time the shareholders vote to outsource the Ceo and the Board to India or China. They could probably get the new Ceo and Board members for 25% to 40% of what they pay the current members. Who else remembers the fortune they spent to... — read more
Another day
Another stock hit. Stock down another $3.00+ just this morning. At some point leadership has to realize they need a change in direction and CEO. This is just not working.
Go to Boston business journal
Another great article that shows the looming cost cutting Jay is implementing. Each dollar cut symbolizes a real person. It's so antiseptic when you say cost cutting instead of heavy, chronic layoffs. Don't hear anything about a cut in his salary or... — read more
$3.50 even further losses
All thanks to the Fed we'll be back into a recession just more fuel to the layoffs. Hold onto your hats it's going to be a bumpy night. It's pretty obvious we'll be a two tiered society like the rest of the world. The bad social experiment has been... — read more
So of course analysts have their own spin on this.
They see the stick as a buy to $70 a share AND Jays cost cutting measures of layoffs good. At some point it can't just be about shareholders. When the human equity is depleted or outsourced so heavily it will cease to exist, I guess until then they... — read more
Not good bad news abounds for STT
It's tanking right now down over $2/share. Large clients pulling money out I expect bigger and more expansive layoffs than reported back in September. I'll be surprised if Jay stays in, he's done nothing to move this company forward or competitive... — read more
Not good bad news abounds for STT
It's tanking right now down over $2/share. Large clients pulling money out I expect bigger and more expansive layoffs than reported back in September. I'll be surprised if Jay stays in, he's done nothing to move this company forward or competitive... — read more
January 27 State Street reports 4Q.
Should be interesting how the guidance goes forth. My guess there will be more pain and lay offs than previously announced. Banks are under scrutiny and with the rate increase by the fed coming too late, all banks are in the hot seat. This should... — read more
State Street reports Jan 27
It will be interesting to hear the 4Q results and how they spin it. However it's spun Jay and his gang will profit on our backs. Just think if he cut out just one million dollars of his excessive salary how many jobs in America he could save at our... — read more
State street fined
Well this means the $12 million will be paid by the following No raises for the slaves 2 No bonuses for the slaves 3 More layoffs of the lower tier workers
Maybe like the food service industry
We should rally and make it heard at the State House of our low wages. It's not about to change we need to have live able wages and normal pay increases. The public sector get 20% pay raises we get if and when we get lucky a 1-3% pay raise only to be... — read more
Is anyone going to get pay raises it bonuses this year?
Anyone on here with info regarding this? The new insurance costs are up what meager pay raise I got last year so I'll be making less than last year. How long can a person backpedal before you're totally crushed?
Ok I now know it must be me.
State Street named top employer in Toronto. Well, back at the ranch here in Boston, not so much. I must be doing something wrong. Maybe I should move to Canada?
Horrible company
Terrible morale which is hard to believe, but is lower than the pay scale. Maybe a layoff is better, make more money on subsidies from the state. I am not optimistic for the new year, bad business as usual.
Is Hooley serious about job training kids ? LOl
“I’m a little more than frustrated” there hasn’t been more progress in educating Boston’s work force, Hooley said. The company this year launched a $20 million program to partner with nonprofits to improve training and help prepare Boston youths for... — read more
Has anyone started to see any lay offs?
Are they waiting for 2016? Will regular staff get raises or bonuses? If anyone has any info pass it along. Thanks
State Street Top 10 List!
As a former employee of State Street I thought it would be fun to put together a Top 10 List of recurring themes or sayings from my experience there. Feel free to comment and reply with your own favorites! How many times have you heard these gems?!... — read more
A good boss makes sure all
Their employees have eaten a lunch before them. Jay is the Marie. Antionette of the 21st century he's either completely clueless or heartless.
State Street - One Foot in the Grave
I’m going to tell you why you should not accept a position at State Street, and instead run far, far away. If you are currently unemployed just collect benefits from the state until they run out. If you are a recent college grad look somewhere else... — read more
Big salary EVP for tech
So that means they have to cover the humongous salary by layoffs. The chasm on incomes is most reprehensible, regular workers are grossly underpaid they know people will leave so why up the salary base they'll get s be batch every year at graduation... — read more