Layoff Report

State Street - What's the deal with hiring freezes?

0x2e8f…59bc

·2d ago·2 comments

Am I crazy, or has State Street basically stopped hiring? I know a few people who applied for roles that were posted weeks ago, and now those postings are gone or have been taken down without any updates. My manager mentioned our team's headcount is 'under review' and that any new hires are on hold indefinitely. It's not just my department; I've heard similar stories from folks in tech and operations. This feels like a classic precursor to layoffs, even if nothing's been said. Is anyone else seeing this? What's the internal buzz? Trying to figure out if this is a company-wide thing or if it's just specific divisions feeling the pinch. If it is company-wide, it's a pretty clear signal that tough times might be ahead. Just want to get a sense of what's really going on behind the scenes.

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Comments (2)

0x3ef5…7b77

·2d ago

I'm seeing the same thing across the board. My team's been waiting on a couple of critical hires for months, and now it seems like those requisitions are just ghosting. It's definitely creating a lot of uncertainty and making people nervous. The 'under review' line feels like a polite way of saying 'don't expect anything soon.' Hope it's just a temporary budget thing, but the silence is deafening.

0x149a…8b27

·2d ago

Headcount freezes aren't entirely uncommon in finance, especially when market conditions get shaky. State Street is a massive institution, and they're probably being cautious. While it can feel unsettling, sometimes these pauses are just about re-evaluating needs or waiting for clearer economic signals. Keep an eye on official communications, but try not to jump to conclusions just yet. Easier said than done, I know.