Topics regarding layoffs at SS&C Technologies

Topics regarding layoffs at SS&C Technologies

Bonuses Handed Out

From inside sources, bonuses were handed out to the (remaining) beguiled employees probably in an attempt to retain and allay future concerns. This happened after the most recent round, so probably after the review cycle. Apparently, the best bonus... — read more 

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| 4380 views | | 9 replies (last March 23, 2020)
Post ID: @OP+13XQuZvF

Severance 2 weeks total?

With the clients canceling their contracts, the April layoff will be around 300 more individuals. The severance package is only 2 weeks total, not 2 weeks for each year of employment. There will only be a skeleton crew left to run the show. The... — read more 

Maybe there could be layoffs among higher management?

They keep laying off employees and lower management and threatening even more layoffs throughout the year and yet it's their own salaries that are the biggest burden on the company's bottom line. Not to mention that most of the people running this... — read more 

There is another Layoff coming in April

Looks like this last layoff was about 300 people for DST. For the people left that did not get hit in this layoff, there is another one being planned for April. As the DST Senior Management stands up and says, "there will be no more layoffs, this... — read more 

I am a--&C Health Solutions Client. The recent layoff on Feb. 24th, 2020 left us without the key people that have been supporting us.

The recent Feb. 24th, 2020 layoff left us as a Health Solutions Client without a very key person that had been supporting us. This also happened previously when they had the layoff prior to this one. AT this point we are now looking for other... — read more 

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| 2160 views | | 5 replies (last April 12, 2020)
Post ID: @OP+13JcM6YH

First Hand Knowledge

I was affected by this round of layoffs. I'd been with the company for less than 5 years. They hired me away from a great company and within weeks of getting hired, they did a massive layoff but I was not affected. I was told over and over that my... — read more 

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| 2600 views | | 2 replies (last February 29, 2020)
Post ID: @OP+13I36Be2

This could be a blessing in disguise

Getting laid off from there will end up being the best thing that could happen. People will find out how underpaid they were. Exactly! I left on my own a year ago for a job that paid nearly 50% more - and it was the same position! I keep telling... — read more 

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| 1550 views | | 1 reply (February 29, 2020)
Post ID: @OP+13IjKNyf

Will there be more layoffs this week?

I've heard from a few people it might not be over yet. SS&C seems really determined to keeps us guessing for who knows how long. Just get it over with, already!

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| 3000 views | | 5 replies (last February 26, 2020)
Post ID: @OP+13GkGnvr

Outsourcing to India and Ireland

It's too expensive for them to operate in the UK and we are seeing many jobs slowly being offshored to Ireland and India. This trend cannot be reversed.

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| 1431 views | | 2 replies (last February 28, 2020)
Post ID: @OP+13FaVtRq

So Long...

After 20+ years I am leaving the company. Just like others noted here on this board, I see a lot of experienced people affected - I'd say they went mostly after folks that were compensated well and had long tenure with the company. This may work... — read more 

SS&C/DST - Kansas City got hit AGAIN

Good grief, there's not going to be anyone left to service the clients Well, the clients leave and there's no need for the rest of us.

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| 12900 views | | 31 replies (last September 14, 2023)
Post ID: @OP+13FYdMqh

SS&C strips back DST UK to the bare bones

DST UK have just announced that although we have reached 28% profit, it's still not the 40% they want so we are going to get there by redundancies in IT and Funds. Offshoring to India and Ireland. Its the beginning of the end...

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| 3181 views | | 3 replies (last May 28, 2020)
Post ID: @OP+13Fhv2NA

Why silence?

I hope things turn out good!

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| 931 views | | no replies yet
Post ID: @OP+13u3NCa4

Humana purchased a PBM?

So I read in an online article. Looks like SS&C health may shrink fast for Humana is a large part of their work volume. Why use us as a PBM if they own one and their contract ends June 2020?

Investor Services Technology

Hi all, although not the right forum, figured it'd be worthwhile to ask my questions. Software professional currently being interviewed for SS&C Technologies. I have to admit I am not so impressed after reading the Glassdoor reviews. Few questions... — read more 

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| 2160 views | | 4 replies (last February 25, 2020)
Post ID: @OP+13bSnB7Q

Stock options

Any word on stock options this year? I saw Bill got his $450k at around $61 strike price.

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| 2080 views | | 2 replies (last January 20, 2020)
Post ID: @OP+12LkEcmZ

Earnings Report II

Thanks Bill and management team for the options you gave us last year! Couldn’t ask for a better ‘underwater’ gift. Kind of wish Holley was back!

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| 1136 views | | no replies yet
Post ID: @OP+10jEoCg8

Earnings Report

Thanks Bill and management team for the options you gave us last year! Couldn’t ask for a better ‘underwater’ gift. Kind of wish Holley was back!

Gateway

Gateway Health plan Medicaid is not renewing contract. It end June 30 2019. Furloughing July 15 2019. Suppose to be trained doing claims. How long do we have to wait. Tired of being stringed along

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| 1216 views | | no replies yet
Post ID: @OP+ZBNB0eS

And So It Begins

While Stone and Kanwar get double the bonus amounts they did last year, no raises, low morale and departures reign! The latest senior folks are "retiring" signaling the beginning of the end.

Wow... Really?!

How 'bout that newsletter! "Get better"... "Work more quickly and accurately"... "If you want more, give more". Should've just said, "Do more for less ... Make me richer".

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| 2242 views | | 3 replies (last April 21, 2019)
Post ID: @OP+Yu73Su4

Really....

So when are they going to start layoffs for the old DST people???

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| 1374 views | | no replies yet
Post ID: @OP+Ygha5NY

SS&C’s layoffs hit Eze

I’m not sure who is worse off, those that got laid off and are looking for a new job or those of us left, wonder if layoffs will be the new normal. Great way to boost morale Stone. “We need to lay off your friends so we can reward you financially.”... — read more 

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| 2660 views | | 3 replies (last April 22, 2019)
Post ID: @OP+Yc3h2sw

SSNC No Pay Rise for ALL

I have just been informed by my manager that there will be no pay rises for any SS&C employees this year. Is this normal at SS&C? I'm an ex DST employee.

January 2019 COBRA letters

Anyone else receive notices how to apply for COBRA before you have even been laid off and nobody can explain why only some people received them? Really, we're not stupid, just give me my end date then, please...I had hoped that SS&C would handle... — read more 

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| 2940 views | | 7 replies (last May 23, 2019)
Post ID: @OP+XiEbdHa

Stone

During the town hall Stone said "treate people how you would want to be treated. If they sue you they sue you, so what". Either Stone considers employees less then human or he likes to be treated like tra$h to be taken out every other quarter.

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| 2240 views | | 3 replies (last August 16, 2018)
Post ID: @OP+UwZym7L

The human capital is always the easiest to cut first

Unfortunately as& Christmas management only sees the cash. If you look around, the customer base is huge and the actually pay for the existing software. Everything else is moot. Cash and debt service is all they care about. The human capital is... — read more 

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| 2173 views | | 1 reply (July 20, 2018)
Post ID: @OP+UbshlCa

Grow a pair! ssnc

Dont be like dst and play this mind game crap. If you are going to do it do it already! Please dont fall into DSTs game trap where they are going to say they are going to do this one day then keep moving the dates around! It is stressing everyone out... — read more 

Laying off former BFDS first?

Would be nice if SS&C would take a look at what DST purchased before making any decisions. Current DST management has no respect for former BFDS employees. They have no idea what the BFDS business was, and are dismissing all of the good work that was... — read more 

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| 3850 views | | 3 replies (last July 13, 2018)
Post ID: @OP+Tt1yQja

Lay Dst off

Come on SS&C don’t be a bunch of pansy asses and start laying off the aquired Dst people. We the people are so burnt out especially those of us who have been here for ever and we can’t say that we won’t intentionally do something to screw something... — read more 

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