SS&C will take the banked vacation and change it to PTO system, You will use it or lose it within the year. Those who have a lot accrued will have to use it.
Topics regarding layoffs at Boston Financial Data Services
People are leaving and many are looking. There are those who are no longer waiting for the lay-off as there is no guarantee of any package, . Company trying to keep things calm with the "business as usual" attitude so as not to incite a mass exodus... read more
Anyone else hearing BFDS layoff rumors for Wednesday?
After 11 years with BFDS, I was offered and accepted a job offer with another company on Tuesday. Wednesday I asked my manager for a few minutes of their time and was told "we'll talk later". On Thursday I asked twice and was again ignored. Late... read more
Has anyone else heard the rumor that the few remaining people from Quincy will move to a building in Norwell?
What is the word on the layoffs on Friday?
regardless of how long you have been employed you will only be given a moment to grab your keys and pocketbook. I was advised by others impacted in June and October to gradually begin to take home any necessary documents and/or treasured personal... read more
Those in the know are in fact aware of this. The need to keep lower management is crucial as they are more knowledgeable with front line day to day operations. This is needed for a seamless transition so as not to interupt the client relationship.
October 4th, 2017, Poindexter Building Conference rooms 300 and 401 were booked by HR from 7:30-5:00 today. They started early, around 7:45 calling the chosen and instructing them to the 4th or 3rd fl conference room, to be "Cut" from the company... read more
I’m a guy in the know here. Yes there are more layoffs coming early October (4th and 5th). This is Business. DST acquires BFDS and there are natural efficiencies that need to be realized. Functions overlap (finance, HR, mail room, Ops etc). It’s... read more
Pack you belongings
BFDS has been going downhill for many years now. When I was still there, I remember a town hall meeting where a VP said that the BFDS business model was obsolescent. Of course, that made everyone think of layoffs; but the VP told us not to worry... read more
In order to preserve what little morale is left, BFDS will first host their yearly employee cookout and then have another "Event" after the cookout. IMHO, keep your eyes on Sept 28th or 29th.
bfds layoff 09/01/2017
As of August 2017? Who's being laid off and why?