Topics regarding layoffs at DST Systems

Topics regarding layoffs at DST Systems

Final Pay and deductions?

Did everyone still pay parking, healthcare coverage, optional life insurance, dental and vision coverage in their final pay? Seems like that would be paying for a next months coverage that does not exist.

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| 980 views | | 1 reply (July 1, 2018)
Post ID: @OP+TUA1Pq3

August layoffs?

Is it true we'll be seeing more layoffs as early as August? I've seen this mentioned in several places, but it's hard to believe they'd push them together so closely. It would make more sense to me to just have one major round of layoffs all at once... — read more 

Even before the merger, DST had drastically changed

I agree with all of the sentiments in all the threads. Even before the SS&C merger, DST had drastically changed from the days of the Toms. Of course we all work for a paycheck, but DST used to answer to its shareholders, while still valuing its... — read more 

Poindexter KC folks

Anything else happening today? Saw a united armed security services van right across the street in the parking lot with cones around it so was curious...

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| 653 views | | no replies yet
Post ID: @OP+TT9G4zv

Offshore

Any layoffs at offshore DST...We are hearing bangkok got impacted

HR

They need to get rid of all the HR reps embedded in the business units. They provide zero value.

This is just the beginning

As somebody said in another thread, SS&C did not buy us for the workforce. They'll barely need any of us once they finish incorporating what they want into their own system. It might take a year or two, but at least 90 percent of DST employees will... — read more 

Today's gonna be extra hard

Going into work knowing there'll be layoffs is hard enough, going in on barely any sleep is going to make that even worse. I just couldn't get myself to relax and sleep properly after the day we already had and knowing that more's coming today. At... — read more 

Healthcare / Claims

The next round will probably hit healthcare operations harder. There are some uncorrected staffing levels in claims and claims customer support that were not addressed in this layoff. I would expect that they will allow attrition to work for 3 to 6... — read more 

India

So far ...We don't have any layoffs in india

FSG round 2 June 27, 28.

The contact center for AI is going to be obliterated this week. Computer share is acquiring all funds. Haven't you wondered why work levels are low?

Not just DST

Go to "Latest Posts" on this site and spend a bit of time scrolling and you will see major layoffs going on at many, many corporations. Daily we are inundated with the media telling us how "Awesome" the economy is and how this is the lowest... — read more 

850 laid off (per Kansas City Business Journal)

This was just published by The Kansas City Business Journal - the link is below... DST Systems announces large layoffs By Brian Kaberline – Editor, Kansas City Business Journal -- Jun 26, 2018, 3:24pm CDT DST Systems Inc. announced Tuesday that it... — read more 

List Questions for the townhall meeting

Ask truly anonymous questions for the townhall meeting in this thread. I am sure we'll all keep quiet in the actual meeting, so let's ask questions openly here.

HR

HR is just a shame of an operation. Supposed to help employees?!?!? Forget it. They are DEEP in the pockets of management. They have no interest in actually assisting people, just following marching orders from corporate to fire people, and then they... — read more 

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| 2520 views | | 9 replies (last August 3, 2018)
Post ID: @OP+TRQQFxt

June 2018 - Postings Fact Check

June 20th - False June 26th - True - You keep posting the layoffs are next week eventually you will be correct. But likely some good insider info here. 6% - True -? - Not sure if this post was after the Corp Comm email went out. 1200 - True - ? -... — read more 

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| 1830 views | | 6 replies (last June 27, 2018)
Post ID: @OP+TRQOeJ1

Dst existed for benefit of top execs

The board of dir. allowed the dst top execs to pay themselves anything. Even the former hr director made over 50 million on just options. Rockhurst isn't harvard. But local grads made millions, when peers made much less. Dst existed as a way to... — read more 

What did we all learn today?

I'll start... You can't trust what anyone says in the workplace when it comes to layoffs, especially the "I think we're okay" replies from management. That is code for, our group will be hit hard.

Here's a little advice for the interns...

Take a good hard look at how corporate America runs and then decide, do you want to work for da' man your entire life, always worried about job performance and layoffs or do you want to be your own boss, the CEO of your future and decide your own... — read more 

Cost cutting in every way imaginable

Former DST employee here. Married to a current DST employee. Close friends with many DST employees. DST used to be one of the best places to work in KC. There is a reason there are so many employees that have worked there almost 20 years. But at some... — read more 

Gone

52 years old, worked there 19 years (5 as a contractor, last 14 full time). In my TRAC area that I know of, everyone was over 40 with at least 10 years of experience.

1st News Report - The Kansas City Star

The KCS claims they have no info from employees, they can read the WHOLE thing on this board tho. Here it goes, the full coverage (nothing new for us though): Downtown KC employer DST lays off employees, reportedly hundreds, months after sale -- BY... — read more 

See only ACTIVE POSTS - Active Button (blue button)

OK, I am obviously visually challenged but here it goes anyway... There is an "ACTIVE" button right above the first thread - you can use it to see what posts had recent replies. That's all from me. Anyhow, I hope this helps someone today.

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| 723 views | | 1 reply (June 26, 2018)
Post ID: @OP+TRs02ZY

DST Email From Execs

This message is being sent on behalf of Mike S. Today, we will be implementing a reduction in force of approximately 6% of the DST workforce. While difficult to part with many good people, it is a necessary step to improve customer satisfaction... — read more 

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