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.
An entire mainframe application down this morning
How does this happen? We can’t do work without TA or Chorus.
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.
Stone said there were 4 raise cycles in the past year. I count 1
If anyone remembers the town hall Q&A someone asked how the company was expecting employees to deal with inflation/cost of living with such minimal raises. Bill completely reamed into that question stating there were 4 raise cycles in the past year... — read more
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
Upcoming RIF in October again??
Does anyone know if there is another RIF 10/11 this year for Health?
SS&C (specifically DST Legacy) has entered the business of “quiet firing”.
Long story short, they are attempting to make our lives miserable so we leave on our own vs waiting it out for a severance/lay off. I heard a senior manager yesterday call this “quiet firing”. The act of secretly letting people go, not valuing the... — read more
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
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
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
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
It’s time to unionize - take back control we only need 30% SHARE
https://chng.it/VpyHhGr6DH We, concerned employees and supporters, urge SS&C Health to recognize the need for fair and equitable work conditions by supporting the unionization efforts within the company. We believe that a union will provide a... — read more
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
RIF for SS&C 9/12/23
The latest RIF happened today. Don't know how many but I was included.
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
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
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
Aug or september
This time of year again…..any announcements.
This place get sued yet...
Not only discrimination on older workers.. Now on women wow Billy Boy hope you loose that ugly a$$ shirt you wore on every Town Hall.. Sincerely an Ex Tick...
Thoughts on Tracy Shelby’s retirement?
I think he was one of the last leaders left that felt engaged, showed that he cared about our product, and had the people skills necessary to make employees feel valued. He will be a tremendous loss and I think just shows the downhill we are facing... — read more
Clients should run - offshore taking over and failing hard
The amount of work that is being done wrong in India is wild. And the goals established for this year in moving more and more work there regardless of how bad they are epically failing at the current work. It’s a sh-t storm. Clients should be fearful... — read more
Severance Payout
How is your severance being calculated? there seems to be a difference between legacy SS&C and DST severance payouts. Are you getting one or two weeks for every year served? is HR pulling the numbers out of their @$$?
People who got layed off keep an eye on Job replacement dates
Some information for you all to know... While there are no laws that dictate a specific time frame to wait after a layoff before filling a position; there are several reasons an employer should proceed cautiously when hiring for a position that was... — read more
What do we know about this round?
Any info on how long it will last and how many will be laid off? I'm so worried right now I'm incapable of doing any work.
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
Merit Increases that don’t even keep up with cost of living increases
While these pathetic fools are raking in the money… William C. Stone - Chief Executive Officer - $15,000,000 Rahul Kanwar - Chief Operating Officer - $12,000,000 Patrick J. Pedonti - Chief Financial Officer - $5,000,000 Jason White - Chief Legal... — read more
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??
Departments from which people are being let go the most?
I am very anxious and worried.
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.
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?
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
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
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
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