Thread regarding DST Systems layoffs

Ssnc doesn’t really care about dst management. As far as they are concerned they have stated they want a leaner workforce and company. The debt has to be priority and cash is need to service the debt. Don’t kid your if 150 million or higher cuts is in the works. They will cut and merge groups as they see fits so long as cash comes in. Then they get their cut. They will strip dst of most of its assets and flip the other unwanted businesses for quick cash.

Ha, what kind of bumpkin doesn’t recognize their new master’s ticker symbol?! Yeah, SSNC- they own you and you better pay attention. Lovely to see someone make themselves look stupid while trying to pounce on someone else. Besta luck, yer gunna need it, LOL!

DST was already selling the company before ss&c bought them. They will slowly gut the business internally by keeping management around for the transition. Right now they are assessing and the first to go are expendable people. Next are the IT depts. next are the offices. Every dept will need to be productive with less. Middle on down. The upper management will be there in the mean while as a buffer. In 2019, they will change everything from benefits to phones to office space. The dst logo will be gone and rebranded to ss&c. If it cheaper to move the will move. If it’s expensive forget about it. Only mangers will get phones. Any parties will also be scrutinized. If there are contracts signed they will rather eat the cost to cancel than spending more$$. Morale is low on the list of priorities only deliver them the cash want And more of it. They will squeeze each dept head to follow their lead and if they don’t then they will be let go without their packages. The vp of day group has to stay to collect their payouts. If they don’t produce they will be gone.

They will have DST employees train people and then fire them. Hmm...that sounds vaguely familiar.

Uhhhhh - SSNC is the ticker symbol for SS&C. No need to criticize someone’s communication skills (or intelligence) for using either of these terms to describe the acquiring corporation.

The $150M number came from internal communication, not public release. You are bitter mean person who's apparently really bored to be posting here as frequently as you do.

Ssnc is the ticker symbol.

Fact check: the cost cutting amount DST quoted when they merged with BFDS was $20 Million not $150 Million as was quoted. $150 Million was roughly the cost of the stock that was exchanged in the merger. Because revenue is only about $220 Million that would be too much of a cut to remain sustainable. Check source here: https://www.prnewswire.com/news-releases/dst-to-acquire-remaining-interest-in-joint-ventures-bfds-and-ifds-uk-from-state-street-300429615.html

Oh & it’s SS&C NOT ssnc - but since so many people who work at DST have no basic communication skills, why would we expect to get it right!

This week is quarter end, you will either see some gone this week, or the week of payday. But guaranteed by end of May as HR will be gone.

Nailed it.