Don't be a fool, start looking now!
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More layoffs to come. the quarter is over but expect more job losses this year. Bill Stone wants DST for its customer base and cash. But if he doesnt get his cash or make his numbers, expect DST management to be gutted. You do as THEY say and if you don't you will be gone. Don't expect Bill to treat you like a person, he's only thinking about the bottom line. Afterall, he owns the most shares.
Yes only the beginning. They will consolidate offices, centralize Hr payroll functions, It depts will be move to their locations. It will happen in the coming months. All new projects have to have their approvals. Any expense over $5k is reviewed by ssnc management to control spending....nickels and dimes. Ssnc management will extract as much cash from dst as much as possible and then some. They one care about the numbers and cash.
TTOYhZn —- stop giving them ideas about waiting until next year for layoffs. Let them bring it in now whilst the severance is good.
Managers have advised folks to look for another job.
This is serious. The next layoff will be quieter but hit hard.
thinking may also be other business units they didn't really focus on yet to either.
Think these will be a lot of people that deffered due to projects currently working on for this latest round..maybe mistaken
If they lay people off in 6 months the SS&C shareholders should vote out all of the existing board. Why lay off people in December when they can simply wait another 4 months and pay people a reduced SS&C severance plan.