Topics regarding layoffs at DST Systems

Topics regarding layoffs at DST Systems

Rumors make it to industry news

401Kwire.com says DST is expected to let hundreds of people go by June 29. DST management did not respond to requests for comments.

Pressuring people to quit on their own

Is it just me, or has bullying by management at DST reach a new high? It feels to me like those on top are putting pressure on people to quit on their own in order to reduce the number of those who will be laid off - and in turn save significantly on... — read more 

Could be this week

Heard rumors that they may start even phasing people out this week at one point due to the size of the amount of people being laid off. But like I said just "heard" and nothing guarantee. Who k knows at this point anymore what these yahoos are... — read more 

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Post ID: @OP+TEeEkUd

Anybody actually wishing for a round of layoffs?

Only this time one that will get rid of all the incompetent and lazy employees who are a dead weight on the company. Most of the time those who are laid off are among the best workers who have been with the company the longest and earn the most... — read more 

Adios company issued cell phones!

I’ve heard there will no exceptions to this edict. Seems like a quick way to save a buck, but what about client facing and product teams? The expectation that these folks will either pay to keep their work cell or provide the number of their personal... — read more 

look at all these false dates...

Most of you who have posted false dates for a layoff have done nothing but cause others to stress and worry and there is a big piece of karma coming your way. Bank on it. Unless you have real information and can back it up with proof, identify... — read more 

I heard the Layoff is this week on June 15

Another rumor is it’s this Friday since the Interns have been given the day off... this happened in the past... as to not scare off the interns. Have your box ready and take any personal items home if you want to make sure you get all your... — read more 

At least we are safe this week

All the postings here that speculate on the date for the next big DST layoff focus on June 20 and on. I am yet to see somebody say anything about this week. Which means that at least for one week, we can relax and start stressing again come next... — read more 

Rumors

I keep hearing that the layoff will be June 20th 2018 .. over 1200 ppl. I’m ready .

Sneaky way to do layoffs

according to the warn act, a layoff has to include 50 or more people in a given location and does not include part-time or contract employees. I'm sure they stay just under that limit so they don't have to publicize that the layoff is coming. not... — read more 

SS&C Indicators

It seems to me that SS&C has already given us some indicators of what will happen. Go to their website and ready the press release regarding the acquisition. SS&C expects $150 million of run-rate cost savings annually, achieved BY 2020. How do you... — read more 

Name Change?

Will DST become SS&C Technologies or will they keep this entity as DST? Also SS&C is “business casual”. 😳

Be ready to be walked out if you give notice

We lost two of the more well respected people in our group. One gave her two week notice on a Friday just before the end of January. She ended up getting a call at home on Sunday night informing her she wouldn't be allowed in the building come... — read more 

Ss&C co thread on thelayoff.com

I would instead of continuing on responding on here on DST's do a search for SS&C's actual site on the layoffs site and start posting and responding to that one instead. SS & C folks are already whining about being burnt out apparently and someone's... — read more 

so now what?

How am I supposed to plan my summer and schedule vacation time when all I do is worry about WHEN the layoffs are? FML.

Something might be going on in Quincy soon

Our manager who typically floats in around 10ish and goes out of her way to ignore us has since Thursday been showing up at 8:30 with a good morning greeting. Either she was spoken to, which is doubtful since she is still taking her extended lunch or... — read more 

This is no way to live

This constant stress and not knowing if I'll have a job the next day, always wondering if the layoffs are coming this week or the next, spending weekends worried instead of relaxing... This is no way to live. I really wish higher-ups at DST would... — read more 

Next week

Been hearing something's going to happen next week, but I can't find any details wherever I look. Anybody here knows what's going on?

Alps/dst

What do you hear about layoffs in Denver?

No one seems to know whats up.

The signs are there. We had a hiring freeze per SS&C then they lifted the freeze a few days later and canceled interviews were rescheduled. . Strange

Stock Payments...indicator of attitude....

The new company has not made payments for the DST shares and won't identify why the delay...indicator or attitude of management continues.

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Post ID: @OP+SRZvYgh

Karma

OK. I’ll say it. Every former BFDS employee right up through some of the most senior are all enjoying the reaction from DST HR to the SS&C sale. They were all so smug and condescending towards former BFDS employees. They were even overheard while out... — read more 

Why??

Can someone explain to me the benefit of keeping any operations in the KC. Most insurance companies are based in Hartford CT and SS&C is based between two major financial centers in the US in New York and Boston. Most of the activity in the... — read more 

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| 1650 views | | 6 replies (last April 27, 2018)
Post ID: @OP+SPvxWLL

Severance

Does anybody know what kind of severance does DST offer? And will it remain the same once SS&C Technologies take over? I've heard that sometimes incoming companies have a tendency not to honor the severance previously offered by the acquired company... — read more 

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| 3651 views | | 9 replies (last April 26, 2018)
Post ID: @OP+SIKAHoX

don't panic

as somebody said in another thread, don't panic folks. we don't know anything yet. there will be layoffs sure, but they might not as be as bad as some are fearing. hang in there and wait out the storm. who knows once things settle down we might be in... — read more 

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| 1751 views | | 3 replies (last April 18, 2018)
Post ID: @OP+SIbsj0t

How many layoffs are we looking at?

Now that the acquisition is complete, how many layoffs are we looking at? There will be the usual consolidation layoffs, those are always expected, but beyond that? Those who believe there will be no layoffs for a year or two are only kidding... — read more 

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| 1745 views | | 2 replies (last April 16, 2018)
Post ID: @OP+SIDGuSE

First one to go....with millions.

https://www.reuters.com/article/brief-dst-systems-says-entered-separatio/brief-dst-systems-says-entered-separation-agreement-with-ceo-gregg-givens-idUSFWN1RQ0V6

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| 2050 views | | 8 replies (last April 17, 2018)
Post ID: @OP+SHrcKnh

More info on incoming layoffs

We had a meeting. Health Solutions is losing one or two customers so Birmingham will see layoffs. Pharmacy solutions is also having issues. They mentioned reducing staff by 80 people by years end. not sure if that includes Birmingham in that number... — read more 

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| 1880 views | | 2 replies (last April 16, 2018)
Post ID: @OP+SHoICmK

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