I've been hearing about more layoffs lately, does anybody here know more about what's coming our way?
35 replies (most recent on top)
So where is SeepoyIndia now? Has he survived the latest cull?
"Sungard is stabilizing" , my ar$e
Sounds like CH in the UK is the latest casualty!
Sounds like a few more have happened so were those 'Managers' lying or oblivious?
For some of those that thought the Layoffs had ended, maybe take a read https://www.thelayoff.com/t/1dhpa844
Poor deluded fools!!!
@cgyq+1cDJiqXC - Pipedreams more like :-)
Speaking with colleagues in EMEA and there doesn't seem to be any signs of redundancies over there. I wonder why that is, decent sales or believe that their pipeline will come in?
We're under 30 days now. Feels like the only questions are how many and from where. Tick tock tick tock.
@5ilt+1cDJiqXC - I'm with you buddy. I had a great manager who would make the Sungard world seem better (really annoying :-) ) but in the end gave up!
I must admire the spirit of some of the positive members of this thread but I am curious as to why they are even on the site????? Leadership monkeys maybe????
From SeepoyIndia: “Sungard is stabilizing. We are keeping customers for longer terms with abet less revenue but the churn is getting reduced. The incredible amount of under investment by our previous owners was criminal. . . .”
Very informative. Thanks for sharing your insights.
Sungard is stabilizing. We are keeping customers for longer terms with abet less revenue but the churn is getting reduced. The incredible amount of under investment by our previous owners was criminal. GoldmineShits and Crackstone along with Romey's old vulture capital firm are greed mongers. Suck the cash out and sell it off when the company is almost burnt to ground. Keep in mind those bozos bought Sungard Financial Services for a nearly four time premium over the real valuation in 2006. When the bottom fell out in 2008. Andy tried to make it fly but there have been why to many issues to resolve being very undercapitalized. Sungard AS could be a multi-billion company again. The current management is making some very tough calls and found things much worse than they had been let on to believe. Fixing the sales tools was job one to grow and re-aligning cost significantly to be competitive. I get the pain! But we are still paying for the misdeeds of Goldman Sax, Blackstone and the other investment knuckleheads that run corporate payday loans on one side and poorly managed companies on the other side of balance sheet.
Yes there are layoffs coming. Just like every quarter for the last 10 years. The end game is to outsource it all and no more workers in the US which has been stated before. This is nothing new at all.
AB did nothing for Sales. Period. And I worked in Sales for years while he was at the helm. Put down the Kool-Aid and start looking for a job before your number comes up.
@4enw+1cDJiqXC: Where do you get this stuff?? AB chaired meetings ???
Try reading my post carefully. Like I said in my post, I heard it from coworkers. Let's just say one of them is in management. That's where I got this information. Like I said, "if true" about any of this. I'm not saying it's gospel. It's weird how you have taken this personally.
@3fol+1cDJiqXC Where do you get this stuff?? AB chaired meetings ??? Really? Get serious. Early on it was MR and his drinking buds BC and TJA, were the only ones making any decisions and it certainly isn't with any input of AB. After BC left MB was brought in. But nothing changed, they still did not "phone a friend" named AB. Never happened.
Thanks to Cortez. I knew it, I knew some cool things would start happening here. No way is SG done. A new freakin’ recovery automation product line. Way cool. I’m shaking in excitement. To me this has all the markings of planning by AB. He had something up his sleeve and that’s why they were consulting him a lot during the transition for the new leadership.
I love this place. I wish I was sitting at a bar again with a couple of you. If I ever find myself in your general area again, maybe it'll work out that we can do that. One other guy, I recognize your style but we never had the chance to meet in person. I miss your snarky side chats when we were sitting in some of those meetings, almost as much as some of the post-meeting calls we had. You never pulled any punches, and I hated to see you go.
Back to munching popcorn, for me. Carry on.
Development of Recovery automation was basically junked when that San Ramon office got shut down. The office was for sale but I think they had trouble selling it. I think it’s empty right now.
@3fol: no problem amigo. I talk about other poster that call me AB troll.
It is wrong calling me troll. I am offended. I only say what I hear.
@3tww, that’s one of the funniest posts I’ve read in a while. I like the sarcasm, thanks for doing this.
@Cortez: thanks for sharing what you know. I have to say it is good news that a recovery automation project is in the works if true. I also heard that as SG transitioned to the new leadership there were intense meetings. AB chaired a bunch of them. That's what I heard. I'm speculating that this is maybe where the rumor about him creating a strategy document is coming from. I don't know. Don't shoot the messenger. I'm just telling you about information I got. For the guy who's calling out AB trolls here, don't bother trying to insult me. I'm just going along with the topic on recovery automation. FWIW.
Hilarious! I knew my old pal (@2jid+1cDJiqXC) would come back with a babbling response full of drama queen antics. I see it's all about your self-importance, buddy, which is bigger than the Brooklyn Bridge. But I'm flattered that you're emulating some of my expressions. It tells me you're the one who's truly irked as you expose your emotional breakdown.
"You may want to start with the home page and do some reading, because everything I've posted is well within acceptable standards here. The "purpose" is stated right there on the home page. Doesn't match your definition, I'm afraid. I mean... there's even a whole set of rules if you want to go check them out: https://www.thelayoff.com/rules.php"
It's laughable that you take the time to pull out those quotes but you forgot to mention the main purpose of this site, described succinctly on the landing page: this site serves as “a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company.” Well, you can't learn more about the possibility of job cuts with vague assertions. That's what I was alluding to when I described the basis of a substantive conversation about layoffs. I never mentioned getting into details about names of people, confidential info, revealing detailed sources, etc., that you are alleging. But coming in here and just saying something like “more layoffs coming” is worthless. What department will be impacted? What positions? How did you hear about this news? What did you hear about timelines for these layoffs? Some posters here have been doing that in other threads without getting into specific names or confidential info. But obviously that approach is way over your head.
It's not just your critical thinking skills that are impaired; it's also your reading comprehension. Here's another free advice: use the site ABC mouse dot com. My 5-year old niece uses it in her kindergarten class. Very apt for you. Start with the entire range of early reading, from learning the names of each letter and grasping a few words on a page and gradually advancing to paragraphs.
"So look, "pal," the fun part is... you don't get to decide what the purpose of this site is or isn't."
Dude, calm down. You have a tendency to jump to wild conclusions. I haven't been a dictator, commanding the purpose of this site. Once again, I'm just saying that you can't have any worthwhile discussions about layoffs if somebody will just say something vague like “more layoffs coming.” Look at the landing page of this site again: “the lives of each of us may be greatly impacted by these top-secret decisions - hence all the anxiety that workers may experience.” The anxiety is painful enough. So if somebody doesn't have anything truly noteworthy to share, then that person has nothing to say. In that case, wouldn't it be a friendly gesture not to go around babbling vague layoff announcements? If anything, you're the one who's been a control freak, prone to tantrums when he doesn't get his way, or when someone disagrees with him, or challenges his statements. Whether you're aware of it or not, you're implying that you expect us all to accept your views.
"As far as one's "sources" being present on these boards, that usually isn't the case, but when it is, you definitely can't post any details."
Again, your comprehension is not working on all cylinders. I'll have to spell it out again: the “sources” I”m referring to are us--we the workers who have heard about layoff rumors; but it's only worthwhile to share such info when one has some substance to it as I explained above. Again, I'm not talking about confidential info, or names of people.
“I tend to lean toward things that are 'funny, offensive, or anywhere in between, personally."
Unfortunately, you're not funny but irresponsibly stupid. So your remarks can also be offensive, as you just admitted. You don't say! But thanks for pointing out you deliberately like to offend people here. Obviously, you have a great need to feel above others; that you crave to feel a tad more special in this world. But if you lean towards even “offensive” remarks, then you also shouldn't have issues with me, if you took something I said as a knock out to your ego. And yet here you are exposing how thin-skinned you are.
"You, on the other hand... you're skirting the acceptable standards with some of your remarks.”
The ironic thing is, here you are babbling how virtuous you are, yet you're the one who's inching towards the action of “threatens, harasses, or bullies” other posters as stated in that page you quoted. You're the one who's offending people by accusing them of being trolls. I see you just got that Cortez dude all fired up. That ties in with your last line about what you characterize as “AB trolls.” How do you truly know they're trolls? Why even go there? Personally, I don't believe any of those AB stories. The only plan he had was to bail on this company with his golden parachute. But a poster like “Cortez” (presumably, a guy) is claiming that he's actually pointing out what he's heard. Take it for what it's worth. It doesn't mean we have to believe him. But at least he's not just muttering bland lines like “more layoffs coming.” He's actually describing what he's hearing from coworkers. Yet you're the one who's jumping to conclusions, denouncing him as a fraud by calling him a troll.
"As for needing career counseling, I'm happy to say that I'm not the one still employed at a sinking ship these days. I'm doing exceedingly well, thank you very much."
Yeah, spoken like a true narcissist. It's always about your self-importance. Oh, and it's not career counseling you need; it's psychiatric therapy.
@2jid: "The AB trolls sure are running strong lately. Wow."
You have call me troll? ¡No seas gacho! Cabron. I remember you. I understand how you do writing style. You attack me before. I am not troll. I only share here what I have heard in my area. You bully me always attack me, claim I am liar calling me troll.
Another recovery product? Really? That will save the day? None of them so far have had much automation. I highly doubt the next recovery product will be much different, especially considering how understaffed Sungard is running.
@1irx writes: "What I'm saying is, if somebody's going to mention layoffs at this site, then back it up with some specifics. That's the purpose of this site." The spicy little vent concludes with the juicy tidbit: "to heck with you and $$sc--w yourself."
Ooh... looks like we really touched a nerve there. :)
So look, "pal," the fun part is... you don't get to decide what the purpose of this site is or isn't. You may want to start with the home page and do some reading, because everything I've posted is well within acceptable standards here. The "purpose" is stated right there on the home page. Doesn't match your definition, I'm afraid. I mean... there's even a whole set of rules if you want to go check them out: https://www.thelayoff.com/rules.php
If you do, you'll find much enlightenment, including this quote: "TheLayoff.com is a website for workers to discuss, connect, and share information in an open environment. The nature of this content might be serious, sad, funny, offensive, or anywhere in between. When participating in TheLayoff.com discussions please respect others!"
I tend to lean toward things that are "funny, offensive, or anywhere in between, personally. You, on the other hand... you're skirting the acceptable standards with some of your remarks.
As far as one's "sources" being present on these boards, that usually isn't the case, but when it is, you definitely can't post any details. Do some critical thinking of your own here. You generally acquire truly useful bits of information in extremely limited audiences, often with the statement, "this information cannot leave this room" or similar. I'd say most good critical thinkers are not going to risk their position by revealing exact details, if known... nor their source, just to appease you. Sorry about that.
As for needing career counseling, I'm happy to say that I'm not the one still employed at a sinking ship these days. I'm doing exceedingly well, thank you very much.
On another note... The AB trolls sure are running strong lately. Wow.
@1wyi+1cDJiqXC: "I heard a new product line is in the works. something about recovery automation. A manager I work with was on the call and this topic was discussed. But he's all secretive about it, won't give me more info, all he said was there's planning going on around it. Take that for what it's worth. Then a coworker said this plan is part of a strategic outline that AB wrote before the change in leadership."
¡Que viva Sungard!!! Exciting news! I have heard same and my manager also approve to me that strategy paper get documented by AB during last transition. I have also heard company culture will get new review, role model is Google, the Facebook, and style of Silicon Valley. We will see how all news will get implement.
Recovery automation was attempted and failed on in 2010. They tried to have some discovery tool that would automate the mapping, prioritization, and recovery of applications based on corresponding RTO/RPO objective, etc. it didn’t work. Oh and there are other products that do this already. Good luck
I haven't heard layoff rumors, I heard a new product line is in the works. something about recovery automation. A manager I work with was on the call and this topic was discussed. But he's all secretive about it, won't give me more info, all he said was there's planning going on around it. Take that for what it's worth. Then a coworker said this plan is part of a strategic outline that AB wrote before the change in leadership.
@1nky: "Do you have sources that say there won't be any more layoffs?
I don't know either one of you, but between "more layoffs" and "no more layoffs" I know which scenario seems more likely with this company."
Listen pal, I never said anything about "no more layoffs." All companies will have layoffs. What I'm saying is, if somebody's going to mention layoffs at this site, then back it up with some specifics. That's the purpose of this site. Coming in here with a bland statement like "I heard there will be layoffs" is about as productive as asking a senile person to solve differential equations. There's not much employees left at SG, and this person's "source" (whoever they are) are probably also on this board. They couldn't supply the person with info then, so it's back to the same problem here. And since his posting, nobody else has jumped in with details. You get the picture, pal? If this person truly heard any layoff news, then he ought to be proactive and dig up a little more info on the matter, then share it here. But here's the good news for you: obviously you have zero critical thinking skills to babble such a reply, which means you need serious career counseling. So let me start you off with some free advice: to heck with you and $$sc--w yourself.
You can say whatever you want, just like the rest of us. Do you have sources that say there won't be any more layoffs?
I don't know either one of you, but between "more layoffs" and "no more layoffs" I know which scenario seems more likely with this company.
I hope all the people are safe. I don't care two cents about the site itself.
This just sucks!!!
I would be more worried about Carlstadt being under water (literally) right now ... extreme flooding everywhere in that part of NJ.
So your sources are useless, mentioning layoffs without any details. Unless you’re just spreading FUD here. Stop trolling.
I'd appreciate any info.