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$$. Morale is low on the list of priorities only deliver them the cash want And more of it. They will squeeze each dept head to follow their lead and if they don’t then they will be let go without their packages. The vp of day group has to stay to collect their payouts. If they don’t produce they will be gone.
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Just watch, next year only client services, programmers will remain in KC. Everything else they say will go away.
IT datacenter will move to New York or CT. Don't expect them to keep much of the facilities entact. The space KC is occupying is $$$ and they need to downsize.
DST is top heavy and needs to slim down fast, everything must go or else. SSnc will not make the numbers if they don't. Savings=cuts
This last round broke me, I'm planning to move on as quickly as possible. I ethically am apposed to how so many people have been treated.
What IT department? That department is gutted already.
Confirmed. No associate appreciation cookout.
what a figgin joke of a company.
Oh you didnt get the memo? It was held at the local sewage treatment plant for those of us "left behind" on June 26th...
I wonder when the associate appreciation cookout will be.