Topics regarding layoffs at DST Systems

Topics regarding layoffs at DST Systems

Workload is brutal

I decided to give notice because my mental health was starting to suffer. Working hard doesn’t mean doing work for three people. Worst of all, here if they see that you manage to somehow finish that pile of work, usually working extra hours, they... — read more 

DST has always been a toxic work environment

I spoke with a headhunter in 1980 about DST and then again in 2000. The two different headhunters had the same things to warn me about: DST has rude and degrading management Management will not mentor you Pay rate is lower than its... — read more 

by
| 1772 views | | 3 replies (last October 5, 2021)
Post ID: @OP+1d62U39q

Golden years

I came here shortly before the pandemic started and at first I thought the problem was in me and it would take me a while to get used to the new environment. Nope. I plan to give notice early next month. Purely out of curiosity I wonder now if... — read more 

by
| 1980 views | | 4 replies (last December 11, 2021)
Post ID: @OP+1d3nFr53

Let them leave

If people want to leave the company for whatever reason (and I think we all know what I'm talking about,) let them! What's the worst thing that can happen? The rest of us will be safer? There'll be fewer layoffs? Honestly, just let people do what... — read more 

by
| 1770 views | | 2 replies (last September 17, 2021)
Post ID: @OP+1cRPrpeD

September layoffs at DST

Rumors are starting again about possible layoffs before the end of the month. I'd like to avoid worrying if I can, so if somebody here knows if there is any truth to this, please share. I don't want to start stressing over somebody's overactive... — read more 

by
| 2020 views | | 6 replies (last October 1, 2021)
Post ID: @OP+1cRhm5LW

Merit Farce Part 2

Results are in, if you are on shore and you get more than 1% then you did really really well! If you're offshore, the most you probably got was 10%, but hey that's ok, you can walk out the door and double your salary, so certainly don't waste your... — read more 

by
| 2180 views | | 4 replies (last September 23, 2021)
Post ID: @OP+1cJ5SOhz

How much would they save on severance pay?

I do not believe that there is anyone who thinks that the vax mandate by this company would be for the purpose of caring for the health of employees. I wouldn't like to go into the discussion of whether one should get vaccinated or not, I am not a... — read more 

by
| 1870 views | | 1 reply (September 7, 2021)
Post ID: @OP+1cIyUWZE

Is it still a thing?

Is DST still relying strictly on cuts to boost up profitability? It didn't work while I was there and I seriously doubt that it works now, but I wouldn't be surprised if they're stubbornly sticking to it. DST never had a good leadership team that... — read more 

DST layoffs partly because of this reason:

"DST DOES NOT LIKE YOU". I know it hurts, its insulting, but DST has never shown respect or caring toward its staff. DST has known since the 1980's that its staff was underpaid compared to employees doing the very same job just a few miles away. ... — read more 

Is HR trustworthy?

Is it smart to approach HR about a harassment issue with a manager?

Why?

Why does DST continue laying off people based on their pay instead of their productivity/knowledge/experience? I keep seeing the same thing happen. They get rid of people who know their jobs inside out and then they have to hire two people to replace... — read more 

Coworker thinks he's your boss?

The situation I found myself in is a bit ridiculous and I thought something like this could never happen to me. Now I have a coworker who thinks he’s my boss. The reason is very simple, he knows he is favored and I guess it he thinks that gives him... — read more 

CEO cites labor shortage?!

Saw am article where crusty stoneman says M&A will be strong this year but he's concerned about labor shortage... 1) YOU HAD A STRONG LABOR FORCE - YOU KEEP LAYING THEM OFF!! 2) Nobody in their right mind would work for your hack shop anyhow! — read more 

Insulting Evaluation and Merit Farce Once Again

Hey Senior Management, your evaluation process is a complete joke and has been for f---king years. Now it's soooo much worse. The only people you have left are working their tails off. You've got a bunch of 4-5s but you mandate a bell curve. So I'm... — read more 

If you quit recently

and you by some chance still visit this page (or maybe you know somebody who quit) any chance you can describe the exit process? Are the two weeks necessary or do they tell you to leave immediately? Is there an exit interview? Do they care why we are... — read more 

Lawsuit

Any word on the 401k lawsuit?

No reason to worry as much

Most of my coworkers spend their days constantly worrying about being laid off, and that makes me sad. Being laid off is not easy, but it's also not as bad as some people have convinced themselves. I was laid off twice so far and each time I ended up... — read more 

How does a good employee survive here?

Every day you hear stories about injustice, about unethical practices, about those who are comfortable here just because they are someone's favorites, about superstars who have taken someone else's credit, etc. For a while I tried so much to focus ... — read more 

Consequences of layoffs?

They laid off mostly the best people from whom much could be learned and left those who not only do not have the capacity to do the job, but are not much interested in their job either. That is my impression. As far as I am concerned, this... — read more 

I'm not even trying anymore

I used to give it my all, go the extra mile whenever possible but recently I stopped trying. Why bother? It's not like hard work is recognized or rewarded in any way. Being good friends with somebody in the management might do the trick, but that's... — read more 

What was the layoffs process like?

I don't mean to be rude or insensitive, but in case another layoff round is brewing it'd be good to know more about the process itself. Things like how were you notified, is it possible to negotiate your severance package, do you get an explanation... — read more 

2021 RIF Aftermath: Stuff is Getting Real Now

After this last round of layoffs, the situation is becoming dire in a few areas. They fired some really key people, and the ones that are left are holding a bag of "who knows what" because they don't! Senior execs with no clue how the business works... — read more 

Affordable Care Act Supplement

Has anyone been able to receive the additional weekly $300 under the Affordable Care Act? My understanding is that DST/SS&C has to acknowledge the last layoff was Covid-related when responding to the unemployment claim. If they do, the additional... — read more 

by
| 1320 views | | no replies yet
Post ID: @OP+1aFq3zWK

Ha ha! No cheap buy!

Stoneman forced to up his bid on that Australian company! Good! Stock falls 4% - good! Makes me happy to see him have to shell out dough

What is Your Favorite DST Mismanagement Story?

Please regale us with your favorite DST Story. Here is a true story. One time at a DST facility in Kansas City, it was common place for a group of managers to leave the daily operations meeting at 8:00 a.m. and then go have breakfast at a little... — read more 

Do not be loyal to a company like this

Many of us have been very loyal to this company over the last few years only to be called in and be laid off. It is time for us to place our loyalty and skill sets elsewhere. For the few of you that are still there, do not believe them and think you... — read more 

by
| 2160 views | | 4 replies (last June 10, 2021)
Post ID: @OP+1auWjwKu

Favoritism

OK, it is more or less present in every company, but I think the problem is that here they are not even trying to hide it anymore. It seems to me that these layoffs have shown how important it is to be a favorite of your superior. We’ve been losing... — read more 

How much has SS&C harmed DST?

Sometimes I wonder what would be the situation in this company if that acquisition hadn’t happened? I came in here after the acquisition, but some people who were there even before it happened told me that everything went downhill after the... — read more 

Little support (if it means anything)

I heard from a friend about the latest layoffs in DST, so I came here just to give my support. When I was laid off, it was sudden and I wasn’t ready for it at all. I thought my whole world was going to collapse since I didn’t even have any savings... — read more 

by
| 1760 views | | no replies yet
Post ID: @OP+1ahIKbvW

Why give an employee a bonus before layoff?

I heard from a friend in Kansas City that they had a RIF on Wednesday. I believe that may just be on the pharmacy side of the business. I know that the company recently gave out bonuses which seems dumb if the company is losing most. This is evident... — read more 

Start a new thread - post a news comment, question or message:

: