Layoffs and offshoring - Account Manager State Street Employee Review

2.0
15 Dec 2014
Recommend
CEO approval
Business outlook

Pros

It used to be a place you were proud to name as your employer. Now the pros are limited to a decent vacation policy, co-workers are generally good people, employees are given two paid days each year to participate in community service.

Cons

The threat of layoffs has loomed constantly for many years while jobs are simultaneously being offshored to India, the Philippines, China, etc. Consequently, morale is very low and overtime is high among client facing teams as they struggle to keep clients happy in the face of the offshore challenges.

Explore other reviews about State Street

5.0
28 Jan 2026
Recommend
CEO approval
Business outlook

Pros

Salary benefits vacation people culture

Cons

Work life balance could be better

5.0
23 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Own book runner and strategy. Good work life balance. Good working environment and nice people to work together

Cons

No much growth. Promotion to VP or higher is even forbidden based on company policy. Instead, ask people to move to different role. It doesn't make a lot of sense since it encourage people to find a new job.

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