Company is stuck in 2005 - Assistant Vice President State Street Employee Review

1.0
20 Sept 2023
Recommend
CEO approval
Business outlook

Pros

If you’re lazy and bad at your job, this company is great for you. You’ll probably be promoted senior management if you’re a brown-nosing schmoozer who is good at making up metrics that make your dept look good or if you participate in some DEI nonsense.

Cons

Warning to all new hires or prospective employees: The company has recently made significant changes regarding remote work policies. Contrary to what was established just 8 months ago, they are now requiring employees to spend more time in the office than they did before the pandemic. Specifically, they have implemented a new mandate of 4 days of mandatory in-office work. This move feels like a significant step backward, as even prior to the pandemic, working in the office for 4 days a week was not the standard. Many employees enjoyed a more flexible arrangement of 2-3 days in the office and 2-3 days at home. It's frustrating to be in the office, especially when much of the work involves sitting on Zoom calls with contractors in India. It's worth noting that this decision may be related to the company's recent investment in a new building in Boston, which some view as an expensive mistake. It seems like they are attempting to address their budget and staffing issues by imposing this change on all employees, potentially as a way to reduce staff through attrition due to their inability to afford severance packages. Overall, these recent changes in company policy have left many employees feeling dissatisfied and concerned about the future direction of the company.

Explore other reviews about State Street

5.0
5 Jun 2026
Recommend
CEO approval
Business outlook

Pros

on-boarding was easy, lot of learning opportunities/clients to service, nice co-workers

Cons

sparse work-load allotted, difficult client assignments, strict vps

1.0
14 May 2026
Recommend
CEO approval
Business outlook

Pros

Remote work is (rarely) an option, though the approval process is extremely slow and bureaucratic. There are a few well-meaning colleagues who genuinely try to drive positive change before burning out.

Cons

Onboarding and HR processes are severely broken, taking 11 months to approve remote status and failing to prepare basic equipment for day one. The workplace culture is deeply hostile, with anger and yelling functioning as the default communication style across teams. Leadership turnover is rampant, resulting in constant re-organizations, splintered teams, and a total lack of strategic direction. Role clarity is non-existent, forcing employees to invent their own daily tasks while receiving entirely contradictory instructions. Direct management is completely absent; I went seven months without any contact from my boss before being laid off via a three-word instant message and short call.

See reviews by: Helpful|Rating|Date|All