No doubt SS&C execs are looking gleefully for any opportunity to layoff more people given tech companies are laying off people enmass. By deduction, it's going to come soon, before annual performance review and raises. This will help them manage to their 3% merit increase budget.
The only question is whether they will RIF their newly acquired companies given they are trying to build momentum and enthusiasm to drive sales.
Just watch.
Instead of taking peoples jobs, why don't the big boys take a pay cut? It would hardly make any difference to them. If they are really in a bad position, why not just freeze merit increases and bonuses? This way people can keep their jobs and the company can still reduce their costs. God knows how many of my hard working colleagues lost their source of livelihood because of these evil people!
I heard one biz unit had layoffs 2 weeks ago and they’re looking for 10% reduction across the board.