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IT Subject Matter Expertise - gone soon

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Application Developer in Quincy, MA
Current Employee - Application Developer in Quincy, MA

I have been working at State Street full-time (More than 10 years)

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

Excelent work-life balance, depending on manager. Supportive and kind co-workers.

Cons

Continuously looming layoffs with not enough communication from management. Very Low morale. Bleak future outlook.

Advice to Management

Rethink the 'Strategic Partering' cost-saving idea, as the service and quality to clients is suffering. The subject matter expertise and critical thinking/analysis skills gained by experienced SSC employees over the course of their tenure here - and required in order to maintain top-notch service on complex functionality - have not been captured in the skills transfer to our strategic partners. Poor skills transformation model: complicated tasks and complex functions performed by several experienced SSC employees have been transferred to a single Wipro employee who is overloaded and at risk for errors. Performance, quality, and the company's reputation are at risk.

reviews filtered by
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  1. Really great service

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Database Specialist in Columbia, SC
    Former Employee - Database Specialist in Columbia, SC

    I worked at State Street part-time (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Really great co workers, Nice, courteous, quick learners, willing to train and help you.

    Cons

    Fast paced office, can be busy

    Advice to Management

    Try to train a little bit more and not be so fast paced.

  2. Helpful (4)

    Bad and Unethical People

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Boston, MA
    Former Employee - Business Analyst in Boston, MA

    I worked at State Street full-time (More than 5 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    Benefits are pretty good, but the company recently decreased the matching compensation for retirement. When completing benefit options, the company intentionally defaults to the more expensive options for an employee, i.e. the employee smokes, thus increasing their health care costs.

    Cons

    Stagnant business model with too many consultants running the show. The compensation for different divisions creates competition and does not foster a collaborative business. Senior management is unethical and HR is just a function in name. Stay away from this place at all costs.

    Advice to Management

    Quit. You are bad an unethical people ruining the lives of thousands of employees. You take advantage of economic downturn by laying people off and blaming the economy. You outsource jobs to China and India, yet senior/executive management still walks away with plush compensation. You increase the work hour and tell employees to work longer shifts, yet compensation decreases.

There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

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