In 2016, State Street launched a program called Beacon, focused on cutting costs and improving reporting technology. Their main focus was to shrink their US workforce in order to bolster profits in excess of $2.5 billion (2018 figures). Also in 2016, the company acquired the asset management business of General Electric.
in 2016 state street launched a program called beacon focused on cutting costs and improving reporting technology their main focus was to shrink their us workforce in order to bolster profits in excess of $25 billion (2018 figures) also in 2016 the company acquired the asset management business of general electric