Thread regarding SS&C Technologies layoffs

How SS&C actually works as a company

SS&C is just a holding company that acquires fintech companies.
After acquiring the company, usually within a year or 2, they will layoff a majority of domestic workers within the subsidiary and offshore the work to India so the acquisition appears profitable due to lower costs.

They will not layoff right away, but in quarterly stages so it looks like a consistent cost cutting track record on the books

Happened with DST, and Advent. These companies are a shell of what they used to be.
I expect the same for Blue Prism

If you work for Blue Prism and you are not based in India, I would start applying elsewhere because your head will eventually be on the chopping block

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| 2551 views | | 2 replies (last September 24) | Reply
Post ID: @OP+1jwppnanx

2 replies (most recent on top)

Yeap that is what is happening in the UK with our offices slowly being turned in to ghost towsn, look at the Essex offices which has hardly anyone in that building probalby anonther year or three before it will get closed donw like the London one.

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Post ID: @gdg+1jwppnanx

That sounds about right...

Worked at IFDS, DST and then SS&C for many years and got so frustrated I left.

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Post ID: @cpr+1jwppnanx

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