Thread regarding DST Systems layoffs

Employees still here including myself are and have been on borrowed time

2,500 employees gone give or take 500 through layoffs and attrition since early 2017. Likely layoffs to come early summer and fall of 2019. Constent game of musical chairs with leadership. Company provides no direction for the future except to get more customers signed onto old software and cut costs. Companies billions in debt with extreme disorganization due to continouse acquisitions. Last but not least the company will gladly layoff there most tenured employees to cover up failed leadership. Dont worry the company can always send a letter out to those talented individuals they deemed of no further worth to the company. Employees still here including myself are and have been on borrowed time. Its natural human behavior to think you are less valuable and resourceful then you truly are.

The OP ( @X2HZbwt-7ozp ) points are valid. Thought this should be more visible.

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| 2321 views | | 9 replies (last February 28, 2019) | Reply
Post ID: @OP+X9pvXFa

9 replies (most recent on top)

I was laid off from DST in June, I rode it out and waited until the right job came. I just accepted a job making 30% more than I made at DST. Lets just say it would have taken another 20 years to make this much. Hold out my friends, you deserve so much more than DST offered you.

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Post ID: @Hmzl+X9pvXFa

screw them... TAKE WHAT YOU CAN, if they lay you off, oh well. In the meantime, ride it out.

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Post ID: @gsng+X9pvXFa

Ha, I intentionally write this way to p-ss off grammar nazis -sshats. Their hilarious! Annoying them is grate fun!

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Post ID: @dyeu+X9pvXFa

Dude its a layoff forum what do you expect. Not an entrance application into Harvard. Chill out. Be the grammer police elsewhere..

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Post ID: @dkcl+X9pvXFa

I hope none of you have jobs where you have to spell correctly and have good grammar. Because you’ll fail their tests. Or as you might say, Yule fell they’re test’s.

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Post ID: @cntg+X9pvXFa

No suprise, layoffs are the companies way of manipulating quarerly earnings. Dst became dependent on layoffs, it had no choice the management that took over made one bad decision after another. If theres a layoff this year then you know ssnc is playing the same game. The fact is you can't play the game if your companies already understaffed. Hence get the word out ssnc is hiring, just don't mention it might be to subsidize there next layoff.

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Post ID: @vtl+X9pvXFa

Um genious we are all on borrowed time. It's called life.....we live till we die till our time runs out.....if you don't like your present gig move on and find something else that makes you happier than at your last gig...otherwise adjust and make due and carry on. Quit whining on here and not doing much about it....

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Post ID: @kwp+X9pvXFa

Reposting; this forum doesn't like ampersands apparently:

I don't know how accurate that number is but 2,500 souls is a substantial savings for the company, on the order of $250M. So good in fact, there may be no more layoffs. Consider the highest cost cutting number I ever heard was $150M. If true, that is.

The products are already in bad shape from new feature and improvement perspective. DST was a software company after all. SS and C was not. They certainly don't understand that software has to be updated periodically; for security updates, and for annual state and federal regulation changes at the minimum. You can't just halt all development and sign on new customers. Bit rot, it's a thing.

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Post ID: @vvf+X9pvXFa

I don't know how accurate that number is but 2,500 souls is a substantial savings for the company, on the order of $250M. So good in fact, there may be no more layoffs. Consider the highest cost cutting number I ever heard was $150M. If true, that is.

The products are already in bad shape from new feature and improvement perspective. DST was a software company after all. SS for security updates, and for annual state and federal regulation changes at the minimum. You can't just halt all development and sign on new customers. Bit rot, it's a thing.

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Post ID: @bgp+X9pvXFa

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