If the numbers don't look right next quarter, expect more cuts and more selling of DST in parts. If they can't find a buyer for the parts, then they will just shut it down, offices and etc. They want to keep what makes the cash not the useless... — read more
4th Quarter
Fourth quarter 2018 will be the last for this year. Less then 150 from KC and around 60 from AL. Michigan office to close 12/30/2018, most will be let go with the exception of those staying until 12/1/18. Managers will be kept on as remote employees.
File for unemployment benefits if you were laid off
You can file on-line and it is really easy to do. It can be helpful income while you look for another job.
No more layoffs
As per the recent communication from the leadership team, There will be no more layoffs. The excellent sheet that managers were asked contains the list of skill sets that each associate possess but not about his critilacity. So it's safe now if you... — read more
So any info on what happened at last week's big meeting in Kansas City with a all the senior DST management?
Anyone hear anything about what they're planning now?
Town Hall
Wow.. entertaining town hall, we all left there both laughing and scratching our heads, is that the way William Stone always is??
"Awesome" stand up comedy Stone. Should go on Americas Got Talent
Mr. Stones poor attempt at humor to try to make everyone "feel better" did nothing but the opposite. Just shows we have a new nut job in town... Should take his "show" on the road to AGT and get shot down. Soon as someone says yes and I get an offer... — read more
Town hall summary
Here's the transcription: Are customers are stupid thats why they pay us. Our customers are dumb thats why they need us. My kids dont know anything. I like are customers money. Im going to kill myself. I can do anything i want to anybody i want... — read more
Bullying by Directors DSTPS
There are a few close-knit directors who are now acting God-like, playing favorites, lying straight to their employees' faces, covering up major customer impacting mistakes that will result in missed SLA's, with financial penalties. These people need... — read more
Warning signs
I’ve been through 3 layoffs in 20 years. I left before it became #4. The SS&C buyout/layoffs followed the corporate playbook page for page. I was laughed at and criticized for packing my bags after the announcement in January. I only hope the best... — read more
Layoffs to begin at offshore India
The latest buzz is that couple of offshore(India) managers have received an email asking to prepare a spreadsheet containing the details of their resources based on their dependency/criticality. It is expected that all the senior managers will... — read more
Another Town Hall WebEx - July 20th
Received an email late today, what is that about?
Is anyone's health suffering due to all this stress of future layoffs?
seems like I was healthy and then boom, i have all sorts of health issues from stress.
Severance Pay?
Has anyone got their severance pay? When is it expected? On normal payday? I signed agreement and returned immediately. I understand they have 30 days to pay plus 7 for my revocation right. Thanks
Morale is low on the list of priorities
DST was already selling the company before ss&c bought them. They will slowly gut the business internally by keeping management around for the transition. Right now they are assessing and the first to go are expendable people. Next are the IT depts... — read more
We'll? What's the latest rumor?
Do tell.
Layoff Guide
16 Steps Guide - What do do after a layoff What are the severance package details? Can I use personal holidays until I'm gone? What’s the policy about retirement and health plans during the last days at the company? Am I being let go with cause? Can... — read more
Severance vs lawsuits
Was there anything in the severance package that explicitly forbid anyone that was laid off from participating in future litigation against DST/SSC? I heard the Valeant fiasco with the profit sharing may be going to arbitration. Wondering if recently... — read more
Laying off while others are hiring
I think this perfectly describes the idiocy of DST's decision to lay off so many experienced and talented people. If we don't want them, plenty of others will scoop them up immediately. DST Systems goes AWOL with layoffs as Kansas City fights ‘global... — read more
so now that the layoffs are finally over...
can we just relax a bit and coast?
DST Town Hall Meeting
What a joke!! For a technology company they can’t even live stream the meeting without problems !!!!
Its about to turn ugly in 2019
DST management will be gone in a year or so . They will promote some but they will need to adhere to SSt deliver the $$, then DST management will need to do more drastic cuts. SS&C will consolidate the facilities and IT datacenters. The... — read more
From the KC atar
Kansas City Star | KansasCity.comDST Systems goes AWOL with layoffs as Kansas City fights ‘global war for talent’ | The Kansas City Star BUSINESS DST Systems goes AWOL with layoffs as Kansas City fights ‘global war for talent’ BY MARK DAVIS... — read more
Bad weeks to continue
Apparently we've had a bad week. You don't say. I think we will be stuck on this list for at least a month or two, until the whole layoffs backlog is cleared out. At least until the next cleansing instituted by SS&C... — read more
Anybody?
Just wondering, does anybody at DST still have faith in our leadership? Still believes that there is a way for us to progress instead of regress with current management on top?
Layoffs due to bad management
Had Dst reinvested it's earnings rather than paying it out to executive staff from 80-2017, it would not have been bought out. It would be in great shape. No layoffs. It would have been buying other companies instead. The offshore staff was a... — read more
Job cuts to continue...
All you have to do is go to SS&C’s SEC filings and read about the planned cuts through the end of 2018. They indicated that approximately 900 would be cut by December 2018. We lost under 500 last week. That means another 400+ yet to go this year... — read more
Don't stay at DST
Some of the names and positions I saw cut makes me believe they didn't spend much time thinking of who or how many and where they need to run the biz. Many clients are on long term deals. The systems run and the revenue comes in. Stone probably wants... — read more
U.K. Hit
Losses have been announced in the London region of the U.K. Mainly corporate services. First wave of many, IT will be hit next. Watch this space.
THE JOBS ARE HERE - General Clerk 1
www.brillient.net/careers
More layoffs next week
I heard there might be more layoffs at DST sometime next week. Did anybody else hear the same?
Ignites article
Has anyone read an Ignites article with commentary from our new CEO? Sounds like he doesn't think very highly of us from what I've been told.
Helath insurance cancelled 4 days after layoff
I had to pay up front today at the doctor's instead of paying a statement in 60 days. Now I have to submit the bill myself and wait reimbursement, which can be done after they get around to sending me Cobra info and I send that back and coverage is... — read more
Quit worrying and start stocking up with food and water... there's a storm coming...
After the stock market crashes , wiping out 40% of the market, there will be no jobs anywhere. Enjoy your life while you can. It's going to be worse than any previous market crash.
Advice from someone who went through a DST Layoff...
Sorry to hear that yet another round of layoffs happened last week. For those that are still employed by DST, let me give you a word of advice.... I worked for DST for almost 15 years and was part of the big layoff that happened in the fall of 2014 (... — read more
So did DST/SS&C hit their ‘number target’ on Tuesday, June 26th?
What is their next step?
Please support Ripple recycle by dst systems
Just because dst's logo is on ripple glass dumpsters and they get your glass free, don't quit using them
Not feeling better
I thought once layoffs are done I'll feel better, but somehow things are even worse now. With so many people gone, I suddenly feel like an intruder when I get to work. Now I'm dreading going to the office even more than I did before. I guess I really... — read more