Bad Company Culture - Officer State Street Employee Review

2.0
13 July 2015
Recommend
CEO approval
Business outlook

Pros

Flex-time, the ability to work from home, good benefits. If you are an entry level employee, you are given three weeks of vacation and after two years you get four.

Cons

Since I started working at the company close to a decade ago, the company culture has completely changed. Constant layoffs and replacing seasoned veterans with entry level employees has created a very hostile atmosphere. If you are close to the age of 50 you better be prepared to be laid off. In an effort to save people from losing jobs, management has just closed open reqs. So when an employee leaves, they just are not replaced. I have seen multiple mistakes (some consisting of large financial losses) and clients becoming increasingly unhappy. Internally the teams are beginning to turn against each other. I have been on internal calls with multiple members of upper management yelling at each other. I would not be surprised to see the company losing a good number of clients in the near future if they don't begin to change things.

Explore other reviews about State Street

5.0
5 June 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.

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