Garbage company not worth your effort - Team Lead State Street Employee Review

1.0
May 4, 2020
Recommend
CEO approval
Business Outlook

Pros

Time off is about all the company brings to the table.

Cons

Having left State Street in February just before COVID-19 I could see the turn the company had taken and was fortunate to get out before shutdowns kicked in. State Street is completely committed to eliminating manual labor in the states and paying a fraction of a salary here to employees in India. You are worthless in the company's eyes if you're below a VP. Raises and promotions were non-existent my last three years there. Work continues to pile up on people left behind while simultaneously not giving anything back to the employees for doing so. Officers and AVPs overseeing teams act as talking pieces for upper management and aren't going to go to bat for you. Layoffs have been rampant and the company deliberately shapes the work environment to encourage resignations so they can avoid paying severance packages. Absolutely not a place you want to be starting at new right now. Would avoid at all costs.

Explore other reviews about State Street

5.0
Jun 5, 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
May 14, 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.

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