State Street Corporation Eliminates 900 Jobs Last Quarter
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
State Street Corporation has reported the elimination of 900 jobs in the last quarter, reflecting ongoing efforts to streamline operations and reduce costs. This decision comes amid broader challenges in the financial services industry, as companies adapt to changing market conditions. The layoffs are part of a strategic initiative to enhance efficiency and focus on core business areas. While specific locations and departments affected were not disclosed, this move underscores the company's commitment to maintaining competitiveness in a challenging economic environment.
State Street Corporation cut 900 jobs as of September 30, 2023.
That is roughly 1.7% of the 53,000 people State Street Corporation employs.
LayoffTalk has tracked 4 layoff events at State Street Corporation since September 2023, with 4 additional events known from news reporting.
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