Supposedly, the layoffs begin this week (of October 9). That's the buzz here in HQ, and morale is really low. A big portion of sales will be targeted. Sadly, they have nothing to really sell because the products are slow in development and unstable, so non-existent. Product development itself is struggling and will also be targeted. Meantime, Sungard AS can't attract top talent because it has no money and no stock options to offer as a private company. It's onwards anyway to filling roles in India and Costa Rica, which our customers don't like dealing with. So it's all a death spiral. This place is out of control. Good luck to all.
Anybody knows more about the supposed layoffs this week? It's already Wednesday, and I haven't heard anything.