This was a man who valued workers and treated them as human beings This was a man who made every worker feel as they were an asset to State Street Now over the last 12 years its been nothing but layoffs, outsourcing, hiring Temp workers anything to... — read more 

I am currently interviewing for an open position. The question is, do I leave my stable job of 10 years to join this organization with a history of annual layoffs? Thoughts?

Jack Welch handbook which was inhumane, inaccurate, and flawed. You don't just cut for the sake of cutting. There is no real job creation on his part, nothing innovative, all he does is pander to shareholders.

I agree that the current layoff will carry through 2016. They have had annual layoffs every year for the past 10 years or so and I don't expect anything to change. The only difference is that some years the laid off more employees than in prior... — read more 

This current lay off will carry through 2016 at least that is what's reported. What's not being reported is the big increase in next years insurance so much that I'll be making less in my paycheck even though I got a "raise" if I don't get a raise in... — read more 

What do you former or current long term employees suggest? Get out now? Wait it out? Where are most applying to after State Street? Is fund accounting a dead end or are they going after highly paid AVP and SVP types?

Call her call governor baker this needs to be exposed we are fighting for our jobs and livelihoods as Hoey rakes in $16 million a year he makes more in a day than we make in a year this has to be exposed and corrected there will be no jobs left in MA

There should be organized rolling walk outs with media present this is the only way we will be heard and shame them into transparency

New article $500m additional cuts savings due to digitization. Equals more job losses as time goes on s must read article

It seems to want to divest itself out of existence that's one way not to give pay raises ...

What is the likelihood of State Street layoffs in Boston in 2016? Please let me know if you have any information.

In ending lay offs any thoughts suggestions for some one that likes their job hates their Salary state street

In ending lay offs any thoughts suggestions for some one that likes their job hates their Salary state street

Outsourcing the work to India - IT is always subject to the chopping block. Ironically, State Street continually touts how it is investing in IT, but is really means standardizing processes so that systems/applications can do the work (i.e... — read more 

There was a time when workers were treated with respect and paid a decent wage. Now over the last 10 years it been nothing but layoffs and outsourcing of jobs If they really want to save money lay off the Highly paid Exectuives making over $500,000+... — read more 

They degrade with low wages they outsource at a rate higher than any company then they kick you in the teeth with chronic lay offs I repeat where is the outrage why doesn't this get more press

Tomorrow is the last Wednesday of the month (SSBs preferred layoff day) and the earnings report was sent out Friday. My first thought was layoffs are coming tomorrow. Received confirmation today. Although this probably won't be in the news, like most... — read more 

How likely is this. I've seen some comments here on this topic, I've heard the same things in the office, is this really going to happen and are we going to have cuts again? My manager things it's all over, but she tends to be on a positive and... — read more 

There is a lot of anger in my group, a lot of it (it's kind of mixed with anxiety and shock) - I know some folks who worked for State Street for over 20 years and now they are being laid off without real reason - there is a thousand other things that... — read more 

How true is this? I've heard this rumor many times, is it true that we may have major cuts in September.

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I see that you have many open reqs for hiring people - how come that you hire and fire at the same time? Is this some kind of special State Street technique...

Typical State Street modus operandi: Lay off the rank and file hardworking MA staff to subsidize chief executive Jay Hooley's 29% salary increase to an exorbitant $15.5 MILLION. Perhaps Jay Hooley will step up, show some leadership and volunteer to... — read more 

We recently announced that we will cut 400 people this year, as always we want to focus on trimming costs instead of growing business. Here locally,m (Massachusetts) we'll lose over 100 people... Now, we ARE affected by low interest rates, but State... — read more 

Anybody has details? I left in 2009 but have many dear friends over there...

Anyone knows? Who will be affected the most? How about the IT group?

It's too much, I joined 7 years ago and our growth is immense. I think that we got to fat, 27K, come on...

Do you think we'll be hit with layoffs in 2014? I heard that State Street is considering even more outsourcing deals and our IT group may be restructured. If this is a valid rumor, do you know what positions may be affected and what groups will... — read more 

More, and more work will be outsourced

I remember worse days, yet we are still cutting jobs

I have been working for State Street for about 5 years right now, I work in technology and I can tell you that some of the people we have do not deserve to work here. Job cuts and downsizing would be welcome in some departments, there is very little... — read more 

We are just beaten so much that nobody cares anymore here at State Street - we might as well close our IT dpt

can someone email me one day when there are no ubs layoffs?

State Street headlines always crack me up. That fumbling oaf of a company announces layoffs every year despite already paying the lowest comp in the industry.