Thread regarding SS&C Technologies layoffs

Investor Services Technology

Hi all, although not the right forum, figured it'd be worthwhile to ask my questions. Software professional currently being interviewed for SS&C Technologies. I have to admit I am not so impressed after reading the Glassdoor reviews. Few questions that I have -

  1. ) How is the general work environment in IT ?
  1. ) Is remote work possible? If yes, is it easy to use or is the technology antiquated?
  1. ) Is Financial condition of the company (particularly the large debt) a cause of concern. If yes, why ? (Because they have a cash generating business after all)
  1. ) What are the best areas of business within SS&C Technologies?

Hoping to get some answers and advice from you folks.

Regards

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| 2162 views | | 4 replies (last February 25, 2020) | Reply
Post ID: @OP+13bSnB7Q

4 replies (most recent on top)

I would not send my family to this company.

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Post ID: @vjju+13bSnB7Q

If you know your stuff you will do fine. The company rewards good performance. During layoffs they cut the deadwood and then if that is not enough, then they look at who else they can cut. It is not just folks who have been at the company for awhile. The company is strong, the parent company wants a 40 percent profit margin. That is the issue.

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Post ID: @voxm+13bSnB7Q

IT work environment is poor. Don't expect to get any special tools or anything that costs money. This place has no interest in spending a dime on improving efficiency or performance. Expect to work with out of support hardware and software. Expect to manually do things that should have been automated. Expect to have your direction changed daily, at a whim, and concrete deadlines set only because somebody told an executive it would happen regardless of feedback.

Remote work is possible, but frowned on. It really depends on your manager. Most of the staff lacks the professional acumen to work remotely or with remote team members. Expect to be isolated and out of the loop if you work remotely. It's likely that you'll be given a finite number of days to do so.

If the company is leveraged to the eyeballs. Everything EVERYTHING that costs money is scrutinized. They don't seem to be in a good cash position. Expect all decisions to be made based on bottom line margin. This will come at a cost to culture, customer service, and your mental well being.

Go with the bread and butter - finance. Avoid the DST units - especially health which will be chaotic and directionless for the next few years while they try to figure out how to salvage the cashflow.

Honestly, if you have any talent, there are much better companies which have much more reasonable demands, and value their people. SS&C is simply a numbers game. If you go here to work, have the mindset of a contractor or you'll end up disappointed.

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Post ID: @ieak+13bSnB7Q

The company performance is extremely strong. The culture is changing and the tech is also evolving. Debt is how almost every company on the planet grows. SS&C is still cash flow positive.

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Post ID: @4xuu+13bSnB7Q

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