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
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
As a Client, we are going to get away from this insensitive organization
We do business with people not stock prices. As a long term DST Client, we are going to get away from this organization as soon as we can.
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
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
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
What’s been happening in Basildon?
How are ops being handled and why different to everywhere else? No communication, just whispers still
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!
Any news on severance offered?
Does anyone know what SS&C’s severance policy is?
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.
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.
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...
Billy has the Ax ready- Monday its coming!
Get ready on Monday.... 🐖⛏
Why silence?
I hope things turn out good!
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
200 More Layoffs in IT coming for Pharmacy and Health Solutions!
Yup $200m and 200 people in IT are about to get RIF’d. They’ll likely wait until after earnings release as Billy boy and Rahul don’t like to face the analysts with bad news. And the best part is all the accolades they are getting. 😳 Isn’t it... — read more
Stock options
Any word on stock options this year? I saw Bill got his $450k at around $61 strike price.
Thanks for the 8 cent raise
With almost two decades with company we deserve better
SS&C Welcome our IBM Brethren
SS&C announced today that it has entered into an agreement to acquire certain Algorithmics and related assets from #IBM. Algorithmics provides leading #risk #analytic products and services for the #financialservices industry worldwide. The... — read more
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!
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
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".
How many executives have announced that they are 'resigning/retiring' soon?
...trend or coincidence?
Really....
So when are they going to start layoffs for the old DST people???
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
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
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.
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
SS&C Pressuring former DST Management to acheive 40% Margins
Do they even know? pretty lofty goals for a company that has decades of technical debt pre-purchase that they are still trying to catch up with! How do they spread the costs accross divisions, or do they, so it is equitable? I hope SS&C will make... — read more
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
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