First I would like to thank (most) of you for all of the kindly worded insults and misguided attempts of guessing who I am. The truth is I find them intriguing . You see, I read your attempts of slander and misinformation as insight into what the... — read more
Susan lynch expense report emails
Lynch and the other bozos do not adhere to the expense report policie. I see it every day. the limits imposed for meals and travel are not followed by Lynch, stern. Trust me when I say this. As Dwight would say “ FACT. Lynch is a hypocrite.”
Will you ever be satisfied?
Why do you continue to perpetuate negativity and spread rumors? Today you have heard of all the traction made by your co-workers and the progress they are making as we embark on the next chapter for this company. Instead of celebrating them and... — read more
Any news on the UK sale?
It's been a while but I have not heard anything about the sale of the UK company. About a month ago a poster who correctly had the inside line about the bankruptcy also said the sale of the UK was in the works and all a matter of time and paperwork... — read more
Is anyone seriously buying this b---s---?
Stern’s call today was typical Stern. “We are strong. We are doing incredible”. Blah blah. b---s---. I love how the mentions of the awesomeness of the LT. Very hard to listen to. I hope everyone still there is getting out. It will be sold off bit by... — read more
We are turning the corner!!!
Great work to all who have contributed to the recent success and momentum for such a great results. Lots to be excited and positive about!!! Be part of the change!! One Positive Guy
Time to head out
Now is the time for everybody at Sungard AS to start looking for a new job. No matter what happens, this will never be the company it once was, and it'll just be a matter of time before something like this happens again. My honest advice is to update... — read more
Funny Money
18 months ago - "gotta make the books look better for creditors, let's pay people to leave." This week - "gotta make our story look better for purchasers, people are leaving, let's pay them half of their sales comp to stay." The irony is hilarious. 😂
Don’t be surprised!!!
Listen I don’t work at SGAS anymore. I left to go to what I thought was a better place. I was an avid reader and contributor to the posts on this site and quite frankly let it influence me way too much. After being in several roles since SGAS I am... — read more
When will we know more?
I'm getting tired of being left in the dark. Is this how little they respect us?
Stern and USInternetworking. Anyone see a pattern here? Deja Vu
Some interesting "deju vu" articles. History is repeating itself. Even down to the $100M cash investment by Bain. https://www.crn.com/news/channel-programs/18817748/usinternetworking-files-for-bankruptcy.htm "Last October, Bain Capital Partners... — read more
Things are looking up
The end result of the chapter 11 filing is that roughly 2/3 of SunGard's debt will be relieved. Without that debt burden things are looking up. SunGard's new owners understand that SunGard's value lies in the services that SunGard offers as opposed... — read more
What's happening at Sungard AS right now?
My dad works there, and he's been a nervous wreck lately whenever I call, but he refuses to admit anything is wrong. I know there were some layoffs and talk of bankruptcy, but for some reason I thought things have settled down this week. Am I wrong?... — read more
Just got a position as a Consultant. Thoughts?
During the interview process, I was concerned about the news, but everyone continued to explain how the restructuring will help the company. I decided to take the job; however, I am not seeing a lot of positive outlook in regards to the... — read more
If you're part of the few people who 'still believe', you're going to be worked into the ground
I can tell you as an employee that it's only been 1 wk since this announcement and morale has sunk to an all time low. Folks are clocking out early and taking time off arbitrarily. If you're the committed type, you're likely picking up for the ppl... — read more
Let them eat cake
Said by... Alfred Binford Andy Dzerovych Bill Price Josh Crowe Kathy Schneider Susan Lynch and last but definitely not least... Andy Stern
No transparency
Here is the thing. I imagine a lot of us feel betrayed. Betrayed by Stern and the LT. When people say "if you don't like it, just move on"....well, perhaps some people were blindsided by the actual filing of Chapter 11. We could very well be laid off... — read more
Why the $100 mill?
If the new people want to sell off or liquidate, then why sink $100 mill into SAS? Thoughts?
Will older employees be targeted?
I've heard that in Chapter 11 situations older employees who earn more are specifically targeted - do we know if this will be the case here as well? And if it will, is there anything we can do about it? This sounds like a clear case of age... — read more
Are you Committed to turning this place around?
Hey if you are a current employee and committed to continuing the turn around of this great company raise your hand in this post and let your voice be heard. Lets drown all the negative negative rhetoric with a show of hands and positive commentary... — read more
Chapter 7?
Any guesses on timeline?
Advice for those still there?
Is it advisable to stick around and wait to see what happens? Or get the hell outta dodge? I do not see any success moving forward but yet again we have no idea what is happening since no one can give an honest answer. I see mass layoffs but hope we... — read more
"the world had moved on"
I can't begin to describe how infuriating this Stern quote is: "The approach the company had taken to disaster recovery really hadn’t changed in 20 years — and the world had moved on," Stern reportedly said. "We had been slow in recognizing the... — read more
I am curious of all the people commenting about future of SGAS.
How many of you are still employed there? If you are still working there and unhappy, why would you just stay and complain? Why not stop crying and take action? Perhaps get up and go find a job that is fulfilling for you? If you are still employed... — read more
Companies House showing UK as Dormant
Companies House showing Sungard Availability Services UK as a dormant company in October 2018 is this alarming?
What does this mean for severances?
Chapter 11 means restructuring and restructuring means layoffs. Major layoffs. But what does this mean for severances? Do people who are laid off still get the usual severance package or is it significantly reduced due to being a part of Sungard's... — read more
We deserve an apology
As far as I’m concerned, we all deserve an apology for Stern and all of the LT. They have completely destroyed this company for what was a very promising place to be. As for the so-called Leadership team, they have done zero leadership. They should... — read more
Everyone headed for the door?
Just gathering your thoughts on your next moves. Are you headed for the door or are you sticking around? My big issue with this whole thing is how not transparent upper management is. They say "everything is fine" yet this happens, layoffs happen... — read more
What happens now?
After today’s call regarding chapter 11 is everything going downhill from here? I know it’s an obvious answer wonder what’s going to happen to the UK.
Chap 11 is happening
Stern: "we’ve reached an agreement with our creditors that will meaningfully reduce our debt by more than two-thirds. This agreement will also reduce our annual cash interest expense by almost $100M. Finally, our creditors, who will exchange much of... — read more
Wow
"The approach the company had taken to disaster recovery really hadn’t changed in 20 years — and the world had moved on," Stern reportedly said. "We had been slow in recognizing the business had to change.”... — read more
It's April 1st and SgAS has not declared Chapter 11/13 and UK has not been sold.
It's April 1st and SgAS has not declared Chapter 11/13 and UK has not been sold. So much for "rumors"
VALUES, TOXIC BEHAVIOR TOWARDS NEW JOINER, NO TRAINING, NO SOP SHARING, CUT OUT FROM CALLS
I joined Sungard AS on Dec 2017 & left in Dec 2018, 1 year short journey. First few weeks were quite normal but when I got a project in hand my team lead started showing his real color. He did not provided me any SOW or SOP regarding the process... — read more
New Moody's downgrades Sungard Availability Services' CFR to Caa1; outlook negative 26 Feb 2019
Published on yesterday on Feb 26th Rating Action: Moody's downgrades Sungard Availability Services' CFR to Caa1; outlook negative 26 Feb 2019 New York, February 26, 2019 -- Moody's Investors Service ("Moody's") downgraded Sungard Availability... — read more
March 28 is the rumor
Sungard India is on a hiring spree - no qualifications necessary! Unfortunately in order to make room for 300 new employees in India long term employees in the US will need to be let go. Customer feedback is no longer a concern as long as they hit... — read more
Turn out the lights
New board member with a history of bankruptcy in his background does not look good for the useless management team at SGAS. It won't be long now, no one put a meaningful bid in since the place has been on the market, only a few low ball offers to... — read more
April
April you will see, what has Sungardas done that has made any sense. They need the revenue. They are all for sale!! Again this may be the best that could happen to out uk friends. April is just a matter of legs paperwork.
More layoffs this week?
I'm panicking, I've heard it from several people now that we are looking at more - and not small - layoffs this week. Is this true? Is there more info on it? What locations are getting hit? I'd appreciate any info on it. Working at Sungard has become... — read more
UK?
Not sure if this is someone playing games or an insider. Probably the same person that posted Giggles would be out at the end of 2018. He's still here This was posted to to an earlier thread: Uk is sold!!! Trust me you will here by April all... — read more
'Miki the Lisp' and 'Obsessive Compulsive Halzel' drained talent
Forward thinking talent has fled Sungard, now it has become a button-pushing, outsourced, irrelevant, diverse failure. No innovative talent will go near the place. Senior management enjoyed the expensive 'free drinks' party while the ship sank. The... — read more