Thread regarding Sungard Availability Services layoffs

OMG! Please! Just go away and stop posting! I don’t know what world you live in, but it is not the world of every day employees. Do us all a favor and just stop, you have zero credibility!

Wait, did you say "racist"? See, your position e cheerleader stuff I get. It can be explained. You have the wool over your eyes still. I can forgive that.

But racist? Seriously? If you are in the US at least, this is one of the least racist places I have ever worked at.

Things are clearly on the up, all employee calls were always a joke in themselves. Either the line quality was so bad it took Stern 30 minutes to get it working by which time everyone had left or they hadn't provisioned enough lines for everyone so half of the company couldn't dial in to hear the nonsense he used to spout.

Good luck to those left there, hope when it's sold and you get a decent senior management team who can organise a piss up in a brewery and things get better.

Stern would regularly blame sales on the quarterly calls, telling them senior mgmt has provided them everything they needed, relevant products, brand name, leader in the industry, blah blah blah, and couldn't do anything more to help them. It was on sales to deliver......relevant product that hasn't changed in twenty years....Go Andy, Go!!

There is certainly a tendency to blame the employees for the companies woes then to berate them for being upset or having a bad attitude, al a OPG. This is exactly what they did after the employee survey last year returned less than favorable or desired results. It should have a been a wake up call for the LT and management but again, the blame for the bad results was put squarely on the employees. I did have hopes the results would spur management into changing, but it was only pissing into a fan

The rare occasions I attend LT calls, I tend to zone out because the calls tend glaze over real issues, solely focussed on 'WINS' and not a word on offering a viable product. On one call someone asked about the seemingly low morale due to all the layoffs and we were essentially told, 'if you're struggling to stay engaged than you, as the employees. need to work on improving the atmosphere.' As with so many issues, management ignores their role and says 'you, the employees, are the problem.' When asking about operational issues (i.e. other than morale), answers are deferred only to be forgotten later. This is just a job. As @YKig8v9-zro mentioned, staying motivated is tough when people are being surreptitiously let go every couple of months. If history is any indication of what's to come, than I don't expect some 180° turn. OPG, if you're going to be a cheerleader, great, but I think you're small company.

KR is a true megalomaniac in the purest sense. He is a master at the art of pure consulting BS. He can string together 1000 words and say absolutely nothing. He is one of the main forces driving work away from NA and UK to India. He and his closest cronies have promoted themselves to VP and Sr. VP levels for nothing and on the backs of those under them. From the first time over 4 years ago when I first heard him talk about MRP, I could see through he was full of himself and his BS. I've never had an ounce of respect for him since. I've never met a more arrogant and condescending person ever before.

KR is a true megalomaniac in the purest sense. He is a master at the art of pure consulting BS. He can string together 1000 words and say absolutely nothing. He is one of the main forces driving work away from NA and to India. He and his closest cronies have promoted themselves to VP and Sr. VP levels for nothing and on the backs of those under them. From the first time over 4 years ago when I first heard him talk about MRP, I could see through he was full of himself and his BS. I've never had an ounce of respect for him since. I've never met a more arrogant and condescending ever before.

4 years back the best DR architect sent an email against KR HP nexus to all Sr. Leadership and quit the Org out of sheer frustration. Neither AD nor AS did any investigation on that. Rather they were bought in by KR bs ideas. We all are paying for that mistake big time.

When has Stern and the LT ever been transparent and truthful regarding the state of the company, layoffs, product, and direction forward. Perhaps, if there was a few occasions of painful honestly rather than a mea culpa once exposed and no longer able to sugar coat the company heath and events.

The number of team members in the US, UK, and Canada have been in the 100s. The big bang of layoffs in 2017 were a complete disaster from a customer and employee notification standpoint. Since then the rolling layoffs have been of a silent nature. We only find out about them when we try to contact our colleagues and realize they are no longer on the other end though no response or a "vfe" email address. Again, there would be a bit different attitude at this juncture and no doubt a different set of comments on this board if layoffs handled differently. I have no animosity against those in India or Costa Rica who were hired to fill the void from NA or UK workers, but I hope they understand the disgust, fear, and anger of those who are left and trying to get out in NA and UK.

OPG's new name is Gunga Din. Not just for the obvious cultural parallels but also because he's a servile, pathetic, a---kissing management shill who carries Andy Stern's water. Now go fetch that water Gunga Din

One positive guy - you are truly an id--t

I do enjoy laughing at your posts though

https://www.cbronline.com/news/sungard-as-bankruptcy

Looks like there are quite a few watching "The Layoff" board

...Others are less certain of the outlook: Eric Snyder, head of the bankruptcy department at New York law firm Wilk Auslander told the Inquirer that “even with this 70% reduction in debt, it is unclear how Sungard will generate profit in this sector after it emerges from bankruptcy.”

Sungard Bankruptcy: The Cloud Bites Again

Under the Chapter 11 proposal, Sungard’s private-equity buyout firms that have controlled the company for 14 years will give up control to the hedge funds that have financed its mounting debts.

They will replace the buyout investors including Bain Capital LLC, KKR & Co, Silver Lake, and TPG Capital LP that bought the formerly publicly traded company for $11.4 billion, 70 percent of it borrowed, in 2005.

sungard as bankruptcy

Employees fear the company will be asset stripped and not survive, as hedge funds seek to recoup money lost on the debt haircut. Sungard AS insists that won’t happen.

Hedge funds are not typically long term investors and on jobs board “The Layoff” speculation was mounting about the future this week.

One commentator and apparent former employee wrote: “These id–ts were told over and over and over (since 2012 at least!) that cloud services were the future and Colo DR was dead.They were given detailed marketing plans, system requirements, and budgeting.”

“They hemmed and hawed and diddled and would change direction on a whim, without any product or engineering input, to chase the latest vendor shiny object.”

“There is no customer with a grain of sense that should be willing to put their corporate data into a company that “hadn’t changed in 20 years”. [Ed: A claim made, oddly, by CEO Stern] Especially one that is willing to screw creditors to the tune of almost a billion dollars.”

I admire your positive outlook, I hope you were with SunGard when it was great! SP 500 company, bonus to workers stock options, great Christmas parties and summer parks like Hersey park. Great times I worked for that company! This company is a joke we use to care about the customer and have the means to support them. Now .....well let's just say I do my job best I can we what is left,. Sad that people don't see what is going on. Sad that a once great company is a shell of its former self. Negative no! Realistic yes

OPG...you keep telling yourself that while in line for unemployment.

Everything the LT has said has been lies. When they mention no layoffs...there will be layoffs. You are underestimating what venture capitalist do. SAS is a perfect fit for their M.O...to sell it off one layer at a time.

The only reason we are in the "green" is because expectations have been lowered and they are filing for BANKRUPTCY! Stern and company are spinning it as how great we are doing now but not really addressing the real problem. Lack of innovation and vision. That can't be solved with a fancy PowerPoint presentation.