Thread regarding DST Systems layoffs

Yup.

I am SOOO glad I quit that sh*thole in 2014. 👍👍👍

2019 will be a tough year DST has to lighten the load. After the 1 year grace period ssnc will make dst leaner. Do expect severance but at a lower rate than the dst package after march

Those who have a lot of vacation banked will see it wiped out when Ss&c installs the paid ttime off system as it will be use it or lose it within a year. It means they won’t allow employees to carryover the balances to nex year. If you don’t use it they will wipe it off your records and won’t let you cash out

If you have tons of cash by selling stale products, that good. If you carry stale products and have debt that’s bad. Being so in debt, has hurt the bottom line. Sell off the other business units and keep the core products that make $. Human capital is expendable and expensive to maintain. Stale software is easy to maintain if it has a huge customer base. You don’t need to do upgrades and try to upsell features. Also now they can cross sell and get all their customers to buy various products easily. Whichever business unit makes the best product wins. The stale depts will merge into them

Ss&c has done this on a smaller scale before when they acquired companies. Only difference is DST is huge. But to Bill the same methods are done to get cash. Cut cost, sell off in wanted business units, break contracts, consolidation of business units& etc. cash is king and dst has plenty. They want also the dst customer base so the can sell them more products. If they don’t get this done the shareholders will go crazy. Oh by the way Bill is one of the largest shareholder

Given all this information that is public and indicated in several news articles, you'd be a fool not to find another job at this point. Luckily, this time frame gives people a jump start to start interviewing, rather than wait until you are laid off with next to nothing in a severance package.

Get out there and start interviewing, people! You are DST cattle headed for slaughter.

Sure, they haven’t gone full ss&c on DST yet. They see a pile of cash and they want it. They run things like a private equity firm or like a Corp raider. Think Carl Icahn. They laid off 6 percent which is low given the size of Dst. Also they want the margins at 40 percent otherwise it’s not considered profitable enough for them. They will need to cut more. This is as nice as they are going to be. Just watch, next quarter if DST does reduce some costs, the 6 will be 10 then 12 percent going forward. They will not pull any punches.

There's a honeymoon phase going on?! I don't think so!

Sure no problem as I write this from my yacht.

Hi, Bill...thanks for the heads up.