Topics regarding layoffs at SS&C Technologies

Topics regarding layoffs at SS&C Technologies

More Layoffs next week 10/26 effecting GIDs

Can confirm next Thursday there will be another staff reduction. This will be for all of GIDs, not sure on areas but know that it will impact Broadway building so Kansas City.

RIF for SS&C to happen on 10/10/23

Confirmed RIF for SS&C on 10/10. Unknown how many business units will be impacted but Retirement Solutions will be one affected. Good luck to everyone in that org.

Wonder what he thinks of Blue Prism Deal now...

oh Bill, buddy you paid 1.5B for a company that did $100M/year - and did the value of SS&C change at all? Probably went down. I wonder if someone is thinking - wtf did we do taking on that much debt with nada to really show for it. I'm sure... — read more 

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| 1930 views | | 7 replies (last October 16, 2023)
Post ID: @OP+1oVa9brq

SS&C DST 401(k) class action lawsuit for $125 million

DST Systems and Ruane, Cunniff & Goldfarb agreed to pay more than $124 million to resolve a class action lawsuit claiming they mismanaged an employee 401(k) profit-sharing plan. The settlement benefits current and former participants, beneficiaries... — read more 

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| 1970 views | | 4 replies (last October 7, 2023)
Post ID: @OP+1oMyKXZa

Corporate Su----e?

The latest round of RIF's in the UK have pretty much devastated the GID's business here(seems to be over 10% of our workforce gone in this round of cuts) Anyone that knew the job has left with irreplaceable system knowledge just gone. We're now left... — read more 

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| 1154 views | | 1 reply (September 25, 2023)
Post ID: @OP+1oMUJb3N

Info on layoffs

Hi, If you have any information on this latest round of layoffs at SS&C, please reach out to me today or early next week. Specifically, I'm interested in around how many were laid off, what divisions, and any other context you might have. We can... — read more 

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| 2310 views | | 11 replies (last December 6, 2023)
Post ID: @OP+1oJPFoGl

SS&C Skeleton Crew

What a surprise more lay offs. Every department is already operating a skeleton crew. There is now no network team in the UK, all operated via the USA. FAST (Funds) business makes up three quarters of GIDS revenue yet they fire the only night shift... — read more 

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| 1670 views | | 8 replies (last September 28, 2023)
Post ID: @OP+1oIJRZqS

Coincidence?

Hmmm so is it coincidental that Billy Bob canceled the Town Hall meeting right after they started laying people off? I think not. I think that he needs to down a few more drinks before he can come up with a good lie to pass on to the remaining... — read more 

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| 2100 views | | 5 replies (last September 19, 2023)
Post ID: @OP+1oC8Yoqe

RIF for SS&C 9/12/23

The latest RIF happened today. Don't know how many but I was included.

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| 4660 views | | 22 replies (last October 10, 2023)
Post ID: @OP+1ozKTQnX

Moving Corr Offshore

They are training offshore to write correspondence, and are trying to force corr to take phonecalls. It seems like the AI is not so good at writing "easy" letters if they have quickly turned to offshore to write instead. I wonder how long before most... — read more 

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| 1740 views | | 9 replies (last September 14, 2023)
Post ID: @OP+1oyFbAsH

Layoffs In UK for ex DST/IFDS

More redundancies this week. We are missing SLA's on a daily basis due to lack of staff but the cuts keep coming. Guess the SLA penalties in contracts are less than they save on the wage bill cuts... No wonder all our clients are leaving. The... — read more 

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| 1470 views | | 1 reply (September 12, 2023)
Post ID: @OP+1otKUjyo

Tired of being sick and tired

Hardcore on the job hunt. And seeing some of Kansas City and Rockland’s positions posted on LinkedIn, that pull bodies fresh off the street, into seats in positions lower than mine, making more than me walking in the door is demotivating. Being with... — read more 

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| 1470 views | | 2 replies (last September 8, 2023)
Post ID: @OP+1ogRrpqh

This place get sued yet...

Not only discrimination on older workers.. Now on women wow Billy Boy hope you loose that ugly a$$ shirt you wore on every Town Hall.. Sincerely an Ex Tick...

Thoughts on Tracy Shelby’s retirement?

I think he was one of the last leaders left that felt engaged, showed that he cared about our product, and had the people skills necessary to make employees feel valued. He will be a tremendous loss and I think just shows the downhill we are facing... — read more 

Severance Payout

How is your severance being calculated? there seems to be a difference between legacy SS&C and DST severance payouts. Are you getting one or two weeks for every year served? is HR pulling the numbers out of their @$$?

No More WFH

Seems like a minimum 4 days working in office is incoming. Premises staff are counting active desks to see if they can accommodate every one

Any more layoffs coming up

Imagine how excited I felt when I heard about layoffs on valentines day, then imagine the disappointment that I didn't get tapped on the shoulder. Anyone have the buzz of a 2nd layoff??

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| 4420 views | | 8 replies (last April 19, 2023)
Post ID: @OP+1ldbLadw

Feeling safe

Please don't tell me that no job is ever guaranteed. That much is clear to everyone. However, is there anyone who still thinks that his job is a little safer than others'? I work hard and try to add value so it's hard for me to imagine becoming a... — read more 

Layoffs coming soon

I hear they are going to layoff 10% of the workforce. I hope they call my name. This place sucks.

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| 2590 views | | 4 replies (last February 15, 2023)
Post ID: @OP+1lbi3CUA

The leadership should take a pay cut

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... — read more 

More layoffs coming

I heard one biz unit had layoffs 2 weeks ago and they’re looking for 10% reduction across the board. Can anybody confirm this?

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| 3760 views | | 7 replies (last February 27, 2023)
Post ID: @OP+1l3RoM4f

What is your plan B in case you’re laid off?

I've been sending out resumes left and right, I even branched out into other industries but I haven't been getting many responses. I'm a bit worried that the rumors about layoffs will come true and I'll be stuck with no job for who knows how long... — read more 

Layoffs coming

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... — read more 

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| 2360 views | | 2 replies (last February 6, 2023)
Post ID: @OP+1kYxkAa9

More next week?

Last two times they RIFed the second week after the quarter ended. Year/quarter end was last week. Will they repeat it? I sincerely hope not. Hang tight y'all.

Job hunting

I only recently started looking for a job more seriously/actively, and I was surprised that I already received an offer. Maybe it's pure luck, because I really thought that it wouldn't happen so soon considering the poor market conditions. I know... — read more 

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| 2360 views | | 2 replies (last December 5, 2022)
Post ID: @OP+1jHlQJ5P

They don’t really care about you

When you are not being treated or paid fairly, leave. They don’t really care about you or how you feel. Doing a really good job does not pay dividends like it used to. You are an expense to the company and the least amount of expense is better in... — read more 

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| 2330 views | | 4 replies (last November 17, 2022)
Post ID: @OP+1joyMADE

Ignites Article

SS&C Overhauls Comp After Say-on-Pay Rejections Each of the firm’s top-paid executives will get a raise next year, a filing shows. By Joe Morris|October 19, 2022

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| 2180 views | | 4 replies (last November 25, 2022)
Post ID: @OP+1jizx44T

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