Thread regarding Sungard Availability Services layoffs

It is definitely 1 week per year of service. Has been for at least 3 or so years. Expect your manager to go quiet on you. Expect the fiasco of being told you're in a consultation period. Expect HR to bully you into submission. Expect to feel like cr*p. Expect to wonder what the hell it was all about.

Is anyone seeing any interest for products aside from colo and war ? war seems to be a toughie when people are being instructed to hunker down and work from home.

So now they are getting rid of legit Sungard poster boys. The people that live and breathe this $_!t.
The people that manage to keep you in position while the house of cards continue falling down around us. Worrying times when they start offloading the sg cheerleaders. Like it wasn’t worrying enough already. How long before the Christmas send off ?

Plumb is long gone from SGAS

Is Dave Plumb still heading sales?

Please go out and find a new job. Sungard employees are loyal to a company that is not loyal to them. Do better for yourself and get out now

Aside from any statutory severance and your notice period, you may be offered an enhanced severance package which is ultimately hush money. You are signing away your right to take them to an industrial tribunal for unfair dismissal.

The enhanced severance package consists of the same components as above, plus 1 weeks pay for every completed year of service.

It used to be 1 week for every 6 months, but flipping it to 1 week for every ‘ completed ‘ year equips them with the means to pay you less and short change you wherever possible.

Rough ball park hr will be playing with for long standing employees is a total 6 month payout. That will be the net equivalent by the way, after tax deductions.

All benefits will cease at point of termination. Quite normal really.

Your employer reference will be pre-agreed and shared with you in advance. Nothing contentious here as it will only be a typical headstone .

The enhanced offer will be limited to a short space of time for your consideration. If you choose not to accept you will be offered the statutory and still end up leaving. However, you will maintain your right/position to take them to court.

If they don’t need you to go quickly and are in a position to justify why you are being made redundant, there will be no enhanced severance package offered.

If company performance is weak and heading towards greater difficulties, there will be no means to offer an enhanced package.

I hope that provides some clarity as to how the game is played.

Just the beginning it's going to get ugly.

Looks like they hit again today and some big names on the sales side were cut. Interesting way to impact the business....

@1bde+17oU38MB yes. True. Old CFO made that decision.

I thought they cut it to 1 week a year from 2 weeks per year a couple of years ago.

I was let go 2 years ago. Have to say it’s a pretty nice feeling not going in to work every day wondering if today’s the day

@OP+17oU38MB said 'Start your job search now now now.'

While I may agree that folks at SunGard should probably be networking and looking at all opportunities, there is nothing to substantiate that severance packages are going to shrink. I've heard severance is going down or going away many times on this board but it's not backed by any former employees (and I know quite a few.) Also, it's kind of odd that you say 'If you are lucky enough to get your name called at the next round of cuts, take the money and run...' This implies there's an option in 'getting your name called...' I think you meant, 'if you get your name called, feel lucky that you're leaving and getting a decent severance package...'

I think the folks hanging on might be 'comfy' and, therefore, hanging on until the axe falls. But us cynics know - there's never been an obligation for any company to pay severance. Hell - with the amount of offshoring going on it's not like we don't see the big picture.

There's a post before this referring to Cisco as a tangential reference to what it's like at SG. It references people that continue to work in a company in trouble as 'yes men' and 'brown nosers' and the smart folks at said company are working 50% to 75% of the time. I take issue with this. So long as you are employed and being paid a fair salary, you should deliver that value. Yes - I know that's naive, but you are being paid a salary and you should provide commensurate value.

Morale is low and naturally productivity will fall - that doesn't mean you should just check out. I mean really, if you think it's hopeless and there's no severance to even bother, than why stay at all? I see all SG's shortcomings like anybody and I don't want to be 'if you don't like it, just leave' - but really , if you think it's a failing company and there's the prospect of no severance at all, then why stay? If I get irrefutable evidence that there's zero severance on termination, then I can see totally checking out. Otherwise - yes, you are being paid - don't screw your coworkers - show up and suit up or shut up. No one every promised you a rose garden.

How many of us are waiting for that grateful release?