Is AI determined who to lay off now?

What's with career development? Where are the jobs?

I just received a list of new hires in my division at State Street and it appears that only 12.5% had Anglican names. Based upon the names, most of the new hires are Indians and Asians. I am curious to see what will happen with the tighter H-1B... — read more 

If you worked there prior to 2000yr, then you remember how great a company this was. People could worked their way up the job ladder through hard work. The company rewarded employees with good raises and bonuses. The company motto was " Our... — read more 

Why is so urgent that surveys be done? Are they used to target reductions?

Anyone else think its a slap in the face when you get 0 point Thank you Awards from BRAVO? whats the f'ing point. Just another way SS is cheap!

More layoffs to be announced apparently during ER call. They will use the words that the Street wants to hear. More investments in AI even though excel macros are still the drivers of automation

Layoffs have started, beginning at CRD in Burlington. Sounds fairly significant.

Excited to see how state pans out with this one :) they’ve taken advantage of this system for so long and I am so very excited they will need to start paying to back up these poor decisions.

How is the company tracking compliance with the RTO? Are they just looking at badge swipes or the total time spent as well

Well Ron , you have lied to the flock! State street is hiring contractors and you know what that means there are no internal jobs they want you to quit or get terminated so you don’t get a package. Bravo suspensions, how cheap can it get? Quote the... — read more 

Rumor has it that Wednesday September 10 is a major cut day at state street. Internal jobs don’t exist , defcon one is upon us. They even took away and froze bravo awards. Ron should get one for being cheap and treating the employees like cr-p but... — read more 

I was in a meeting with some senior managers last week. MDs and SVPs mostly. I was reflecting on just how bad quality managers we have. How could this happen so quickly in the last 5 years ? A bunch of yes men/women with no courage or attributes

September layoffs coming soon with additional cuts to be announced in Q3 Earnings Call. Europe (Poland included) and US targeted

The W.V. Whipple Manufacturing Co. introduces a new automated manufacturing machine that will eliminate 61,000 jobs and the company's president, Wallace V. Whipple, is quite proud of his achievement. Not everyone agrees with him, especially the loyal... — read more 

There have been several articles … one in Boston Globe and at least one other in Ignites where it stated that layoffs were due to increased efficiencies of AI at SSB. However just the other day Ron stated the opposite when asked why employees should... — read more 

Does any of you have an idea of what Global Delivery Simplification do on a daily basis ?

There's a recent review posted glassdoor that I found to be an accurate assessment of State Street. As you might be aware, most critical and honest reviews usually get purge from the website whenever State Street request for them to be removed... — read more 

State Street should seriously consider implementing employment separation buyouts through a Voluntary Exit Program for employees who are interested in leaving. I understand this was explored in the past, but the program was reportedly canceled due to... — read more 

Talk around the water cooler is Morgan is not using State Street as a service provider. Anyone know if this is true ?

for a VP role. It's related to data. But going by the comments here, it seems like State Street is a dumpster fire..no different than my current firm. Don't want to jump from the frying pan into the fire....go through the interview and decide what to... — read more 

Both parking garages are closed. And there's and Homeland Security admin office that is holding people inside. That office is on the same road.

Wth all these layoffs is the company considering bank

There is absolutely a list of layoffs coming ~ they’be done a round in technology more are coming in security. Anyone who says they’re not is lying … standby they’re using a restructuring as an excuse

The leadership keeps making baffling decisions just to boost the stock short-term, while gutting teams full of experience we can’t easily replace. Honestly, it’s hard to see a way forward without new leadership, which is most likely why so many are... — read more 

My business unit has seen pretty regular layoffs the last 12 months.. There appears to be no rhyme or reason as to who is getting selected. Sometimes it is a small team of 3-4,, while other times it is just an individual contributor or manager... — read more 

HR Voluntary Attrition: When employees leave by their own choice, due to personal or professional reasons. State Street leaders: We will target specific employees by stressing them and put them in a toxic environment. They will commute and return... — read more 

Looks like impact also on offshore locations such as India and Poland

What happened to this company. It's not the company I thought it was. Moving on. Good luck to all of you.

State Street averages 2.5 Billion in profits in the last 5 years but layoffs is the norm (usually 2-3 times per year).

Title pretty much says it all. Luckily, I have a few really good interviews. Severance is poor... I would not recommend SS.. This place is mess.

Last year, State Street made an announcement that there are no more inline promotions (internal promotions) for current VPs and AVPs workers. But I still see some people getting promoted. I don't mind people getting promoted but it's I find it unfair... — read more 

GA Ops/IT had layoffs. But instead of telling the people in the US they were laid off on the day of official layoffs they told them several weeks before that they were on a list that hadn't been finalized. This happened in March. Then they were... — read more 

There are rumors that State Street will vacate its Channel Center Building in Boston by the end of this year and move its occupants elsewhere. Do you have any info about when it could happen and if it is related to future layoffs?

Anyone have any info on the new RTO policy. Received an e-mail they are going to start tracking and this time if you don’t show up there will be consequences. Anyone know when this new policy is going to take affect?

I really want to leave State Street, and I just got a good offer with solid pay and benefits. The catch is, the new company had layoffs a few months ago. From what I can tell, layoffs aren’t common there, but it still makes me nervous. How risky is... — read more 

For folks that recently got informed they're being let go, what were the tell-tale signs? Curious if management are using new tricks to get rid of local employees. Several years ago, management suddenly became more distanced leading up to the layoff... — read more