State Street Corp. laid off approximately 250 information technology employees on Friday, part of the company’s drive this year to cut 2,300 jobs in higher-cost locations in the U.S. and elsewhere.
The Boston-based financial services giant (NYSE: STT) has been slashing expenses in the face of declining revenue this year. It initially announced in January that it planned to cut 1,500 jobs in 2019, including senior managers, then revised that target to 2,300 in July.
Some of the job cuts occurred…
Boston Biz Journal https://www.bizjournals.com/boston/news/2019/09/13/state-street-lays-off-250-it-workers-in-latest-job.html?ana=RSS&s=article_search