SS&C has been laying pockets of groups off for several month. Hundres at a time.
This is like what DST did to prep it to sell to SS&C.
Building security contracts also have been renegotiated. Many of these groups have no association with AI implementation.
Is Bill Stone retiring and looking to sell? Will it go to Rahul or Bill's son or to highest bidder?
8 replies (most recent on top)
@tb Thanks for clarifying, BPrism was suppose to help some of the automated processes for the others teams but still couldn't work correctly. Claude can automate the process faster.
@p0 BluePrism isn't an AI company, they're process automation and then SS&C shoved their own crummy AI tooling in to it.
@d3 Yes, Blue prism was the internal AI company that couldn't fix the issues so they rather use claude. Development team will need to consolidate anyways so they are cutting out chunk of groups to make expenses look better next year.
@OP It will continue through 2027. each month a group is getting eliminated through RIF and plans are to keep only a handful of people to manage the work. Layoffs and attrition are the plan and hiring will depend on the revenue. 26k people is still too high so expect to be a monthly layoff goingforward.
@d3 which development teams? Blue Prism?
It’s AI…development teams have been gutted.
No, they are doing the buying. They need to shed salary and payroll and probably operate lean as it's the easiest way to save $$.
It’s a public company, you have no clue what you are talking about.