Thread regarding DST Systems layoffs

Cuts will happen. Bill wants to take SSnC to take over ALL the administrative expenses like HR, IT, Facilities, Legal, etc by next year. He will keep a small team to administer his plan. Then all offices, worldwide will need to be consolidated. Any cost or contract must be run past SS&C managers and Bill Stone. He will control DST cash holding and any expense will be questioned....nothing will get past them. SSnc will delay payments until the vendors settle.....ala Trump.

What does 'uts' mean?

It’s moving to slow for bill. Expecting more aggressive uts by the end of this year.

There are plenty of cobol programmers in the Thailand office. They just move the majority of the client services to Thailand.

Bill is a big fan of Carl Icahn and his methods. Same playbook. Bill likes to pretend to be human and care but he comes off bad. If he said he was going to lay off people before the acquisition the sale still would have occurred. He tries to soften the blows but it comes off creepy. He sends out quarterly emails to inspire his employees but they are the least inspirational emails. He’s thankful for all the things he has from your hard work. But he always say he need to give him more.

Vp & managers have incentives to stay until they are laid off. It will happen within the year.

SS&C has no mainframe Cobol programmers. They can't support DST Pharmacy Solutions without that staff.

Many of us think DST execs are greedy overpaid yes man minions who say they value their people and talk about what a great year the company is having while they leverage and layoff those same people because they want to make even more.

If not laid off or bought out in June, I'm not resigning in August, making it easy for them. I'm going to sit my old mainframer arse at SS&C for years and years s---ing up that payroll as long as possible.

I can say this, if they don't lay me off in June. then I won't be there by the end of July. I'm tired of the threats from our so called "leaders" . Little do they know, they are the first to be let go so quit with the threats. No one cares about what they say, the direction has changed, but they keep holding on. Makes me laugh. Stupid Directors at DST. Can't way to watch them go as well. I will laugh, and I am not your Robot. I laugh at you daily. I'm out before August hits, with or without another job.

Planning on being wfa on June 20th.

Per MM today they like to move fast to get wall street off their back to...sooo who knows when or where it could happen. If June 20th is the date or not...just be ready and not act surprised like you thought it wasn't going to happen or something...still no official email filtered to all either about Vercie or Beth....ssnc also sounds like they really dont give a crap either about loyalty so don't hold your breathe if you think they care whether or not how long you've been here...cause sounds like they dont.

All about the dollar...