Dst is under performing from a syenergy standpoint. So cutbacks will continue. Actually Dst really doesnt exist except for a tracked merger ebitda line. Dst is done, faded into history like Farmland Industries. Reason, it fell behind competitors and instead of aquiring others, it was aquired. The course was set in the 1980s by bad management vision.
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I totally agree with the comment concerning terrible management in the 80s. I have to constantly remind people that the "good old days with the Tom's" were not really good old days at all. We were slaving away numerous hours/weekends all the time with little pay. Horrible work environments. Not to mention terrible, abusive managers. That was the culture then just as it is now. The only difference is you had job security in those days. But hey, if barely getting by on a paltry salary is enough for you, then so be it. You're just what the oligarchs want-id–ts who are willing to work for peanuts. Bottom line: DST was a sh–hole then and it's a sh–hole today!
I left the company in 2014, moved to FL and changed occupations. SOOO glad I got out when I did! Now watching from a distance this slow-motion train wreck of a company completely disintegrate. I hope all my friends got out shortly after I did...
They did not have many clients left. Looks like the clients that have been hanging on are now working to get away and find other solutions. They are tired of being lied to.
So happy I got out when they were handing out sizable packages! Horrible company! Good luck to the people that remain
Brentwood is UK. Part of DST Financial Services
Where is Brentwood? What business unit? Just curious.
While said with every layoff, I feel it is more relevant now than ever - I feel sorry for the people who are left. They've been cutting deep for years - they really, really, really are down to skeleton crew now in many areas. They have some drunken dream of rewriting systems to modernize the company - the new unproven CTO of health thinks this will happen in 3 to 4 years if he just tosses enough OKRs at it and dazzles them with BS tech concepts. He's just doing this long enough to get a feather in his hat before he goes on to a larger, more well known company. In the mean time, the staff left will have to balance between their day jobs and the rewrite. In the mean time, don't expect any training - Stoneman won't pay a dime for it. They'll likely try to augment staff with new hires with the right skillset - good luck with what they pay. Also, good luck finding that talent in the mid-west - what little exists won't work for this stained place.
Nothing more than a five minute conference call from the cio yesterday, announcing further redundancies in IT. Clearly this was coming with a company who are so desperate to rinse every penny ( or dollar or Thai baht or rupee), that they have stopped giving work to their offshore Thai teams and are outsourcing it to India. The culture in Brentwood IT is shocking, which is why a good many directors voted with their feet in the last 18 months or so. Sorry for people loosing their jobs but it’s a blessing to get away from the aggressive culture and bullying, it’s less a corporate IT environment and more like a bullying police run state from Zimbabwe of the 70’s. It’s a shame the people don’t have up to date skills, counting windows 2003 and sql2000 as their predominant skills !
You are right; worst company ever
Yup.
DST and all it’s sh!tty small companies are done. You think they have a chance at surviving the upcoming economic crash and supply chain disruptions?
Be glad if you got laid off and had a chance to get a head start on what’s coming to America. The poor id–ts who still work there and are in debt up to their eyeballs wont know what hit them.
It’s just getting started....the collapse is here.