Thread regarding Boston Financial Data Services layoffs

Target Date - Wednesday October 4th

Pack you belongings

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| 3211 views | | 13 replies (last October 4, 2017) | Reply
Post ID: @OP+Pw8AFnP

13 replies (most recent on top)

Didn't see one person let go on my floor but heard cabs were outside and some Managers were let go.. Canton and Midwest lost some too! I think tomorrow will be lower level associates.

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Post ID: @4qcs+Pw8AFnP

So much for Customer Service Week, large numbers of people have been and are being let go today.

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Post ID: @4rfo+Pw8AFnP

I can't wait to see what the next rumored layoff date will be when nothing happens tomorrow.

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Post ID: @3lbf+Pw8AFnP

There is no obligation by any company to provide packages regardless of prior practice. Each "workforce reduction" is treated and viewed as a separate occurrence. Additionally packages provided in June varied by employee some made out very well, others not so much. Not sure about KC, but In Massachusetts you are an "employee at will" and can be terminated for no reason/cause and the only compensation is for unpaid hours owed up until the termination.

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Post ID: @3our+Pw8AFnP

Those laid off a few months ago got packages so I would think they could face lawsuits if they denied them now!

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Post ID: @3exj+Pw8AFnP

Believe it when it happens

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Post ID: @3rob+Pw8AFnP

Word has it, no packages will be offered. Those who left on their own accord since the last layoff knew this. Enough said.

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Post ID: @2gje+Pw8AFnP

I posted before about packages because I heard they might not give them for this layoff. Anyone know

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Post ID: @2lsr+Pw8AFnP

It will be interesting to see what happens this week. It's Customer Service Week - cNt imagine they'd do anything. I truly believe nothing is going on.

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Post ID: @2rrs+Pw8AFnP

BFDS/DST realized in hindsight that they mismanaged the June reduction by letting go certain employees that unbeknownst to their own managers processed specific quarter-end client tasks. Not wanting to chance a repeat now that the quarter has passed target date(s) are the 4th-6th.

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Post ID: @2arc+Pw8AFnP

So many people were sure it was going to be 9/29-9/30. I'm starting to think nobody has a clue.

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Post ID: @1ypf+Pw8AFnP

Some people don't like to give details, as it may expose their identity. Let the day come, then we'll know.

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Post ID: @yyt+Pw8AFnP

Anything concrete to back that up?

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Post ID: @nnx+Pw8AFnP

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