I got laid off in May. During the GHR webinars, I understood that in MA, severance is not considered as income and we could claim UI (Unemployment Insurance) soon after being laid off. I applied for UI the next week of lay off. I received notice of... — read more 

Next notification date for reductions will be July 10th with an end date of September 20th.

Anyone any idea of next layoff date? Is it September or will there be a round in July also

Has anyone heard they are reconsidering AWA?

Notification Date of May 1st with an end date of July 12.

May sound like an insensitive inquiry but the UI decisions varies from one company to another so i have to ask or wait weeks for an answer. From anyone that received severance, did you manage to get UI at the same time or were you told you’d only be... — read more 

This is rumor from a well-connected source. At least people aren’t learning about it first at a Goldman Sachs forum. Hey does that mean more USA jobs can be shipped to China etc. and cr-ppy vendors so the exec team can buy yet more lavishness? It’s... — read more 

Next round week of 5/10/24. And every other month until eoy. Can anybody confirm this? Is this just guessing or has there been an announcement of some kind about it?

Has anyone heard about layoffs?

So in July I have to go into Boston to work. Can anyone explain how much this will cost me in terms of paying taxes? I’ve been working at home as an OSL since 2022 and never had to pay any taxes to MA.

So three SVP that have been with SSB for a number of years ...their positions are moving to India. This was announced in a company wide email. Who will be next? Seems there is no loyalty whatsoever any longer.

If we just refuse to comply and they fire us, would we be eligible for unemployment? I have been working from home since 2017. My agreement was either 1 or 2 days in the office. I would say they arguably changed our work location involuntarily. Just... — read more 

Some OSLs were already targeted, despite being brought into the firm with remote provisions. It would be interesting for a study re which OSLs got SVP approval and why. If someone working in MI (with no other related personnel in MI), is supporting... — read more 

The other shoe is dropping on the four day RTO. Email coming next week basically saying every non medical flex schedule will be forced back in four days at the end of June. You will need to re-apply and get SVP approval to have any deviation... — read more 

SSBT is now the worst bank with little to no regard for employees, especially if you are UK/USA based. Company is riddles with consulting firms. Hire cheap labor, think HCL, stating they are cheaper and available 24x7, while their delivery is less... — read more 

Don’t fret boys and girls I’m part of the meek and insubstantial.no raise and less than 2% bonus. I am happy though that Ron and the boys will be able to put caviar and champagne on the table for another year

All the recent posts unlock a memory and role I had at State Street. Awhile back I assigned to a project involving the creation of PowerPoint slides for management, with deck names like 'Global Footprint,' 'Workload Profiles,' and 'Follow the Sun... — read more 

Any word on bonus payouts , is it as bad as advertised ?

State Street announced 1500 layoffs back in December, still has not chopped yet, everyone has been on edge since and getting worse. Just heard a bunch of new req's came in for Ireland, and India. Apparently they are waiting till the new foreign... — read more 

Why are people mentioning layoffs already again? Is something coming?

With all the layoffs going on and the high probability that I might lose my job within months if not weeks, my motivation has taken a serious hit. I just can't shake the feeling that even if I don't get let go immediately, it's just a matter of time... — read more 

Wondering if anyone experienced something similar. The performance was release i saw it yesterday and they rated” partially met exppectations. I think I was rated a 4 for 6 of the past 9 years, Rated 2 this year is totally bogus. My manager has... — read more 

Someone mentioned H1Bs. It’s deeper than that. Many in EMEA cannot get laid off due to country job protections (e.g., Italy, Germany) yet are leveraging skills from 25-30 years ago! And let’s not even talk about beefing up staff in communist China... — read more 

Let the following figures sink in: This information is according to proxy statements filed for the 2022 fiscal year. Chairman and Chief Executive Officer at STATE STREET CORP, Ronald P. O'Hanley made $18,004,619 in total compensation. Of this... — read more 

In the latest string of bright ideas to come out of executive mgmt or Hr (who knows who comes up with these ideas), it’s been decided that there will be no more promotions. So if you continue working hard, taking on more responsibility etc in the... — read more 

I've been mulling over the idea of quitting my job at State Street for a while, and the latest layoffs have just made that desire stronger. But I'm curious how folks who've already left are holding up. Do you regret it? If any of you still check this... — read more 

We have zero power. They have it all. They take all the profits. Decrease bonuses. Increase our health care costs. There is no good news for employees ever. We have no say in anything. What would it take to start one? Is there any legal reason we... — read more 

I heard this round is kicking aroud 1500 people globally. 250 of those in IT. Is this correct?

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

Given any tiny (1%) merit pool must be used to pay for promotions (only allowed now for to avp and below) and bonus pool down 80% (or more) compared to last year, if you thought inflation was pinching your budget … it’s about to get worse! You are... — read more 

Was thinking about Ron declaring that Sunday Times front page about State Street racially engineering the workforce wasn't true and that legal options were going to be explored, did anything come of this?

Rumor has it Jan 10 is the day for the next round of layoffs. Anyone else hearing that?

Thoughts? Any State Street layoffs? Any chatter, news or rumors?

Did someone purposely submit wrong numbers?

A chart which shows the following percentage of layoffs by groups Senior Vice Presidents, Executive Presidents, Vice Presidents, Marketing Directors Mid level workers Low level workers A chart which shows the percentage of... — read more 

Not sure why this is news to anyone. State Street lays off a healthy percentage of its employees at year-end EVERY YEAR. It’s part of the business model. It’s how they hold down compensation, limit advancement and make survivors grateful for their... — read more 

From what I can gather, only a fraction of the 1,500 announced employees have been laid off so far. Looks like they are really waiting until January to let us know who will stay and who will go. This is not going to be a fun and enjoyable Christmas... — read more 

With all the layoffs, does this mean they’ll cut bonuses, using cost cuts as an excuse? Has anyone heard anything?

Has anybody been notified already? The entire process should be much more transparent if they don't want to see morale plummet.