There are a few close-knit directors who are now acting God-like, playing favorites, lying straight to their employees' faces, covering up major customer impacting mistakes that will result in missed SLA's, with financial penalties. These people need... read more
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Topics regarding layoffs at DST Systems
I’ve been through 3 layoffs in 20 years. I left before it became #4. The SS&C buyout/layoffs followed the corporate playbook page for page. I was laughed at and criticized for packing my bags after the announcement in January. I only hope the best... read more
The latest buzz is that couple of offshore(India) managers have received an email asking to prepare a spreadsheet containing the details of their resources based on their dependency/criticality. It is expected that all the senior managers will... read more
Received an email late today, what is that about?
seems like I was healthy and then boom, i have all sorts of health issues from stress.
Has anyone got their severance pay? When is it expected? On normal payday? I signed agreement and returned immediately. I understand they have 30 days to pay plus 7 for my revocation right. Thanks
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... read more
16 Steps Guide - What do do after a layoff What are the severance package details? Can I use personal holidays until I'm gone? What’s the policy about retirement and health plans during the last days at the company? Am I being let go with cause? Can... read more
Was there anything in the severance package that explicitly forbid anyone that was laid off from participating in future litigation against DST/SSC? I heard the Valeant fiasco with the profit sharing may be going to arbitration. Wondering if recently... read more
I think this perfectly describes the idiocy of DST's decision to lay off so many experienced and talented people. If we don't want them, plenty of others will scoop them up immediately. DST Systems goes AWOL with layoffs as Kansas City fights ‘global... read more
can we just relax a bit and coast?
What a joke!! For a technology company they can’t even live stream the meeting without problems !!!!
DST management will be gone in a year or so . They will promote some but they will need to adhere to SSt deliver the $$, then DST management will need to do more drastic cuts. SS&C will consolidate the facilities and IT datacenters. The... read more
Kansas City Star | KansasCity.comDST Systems goes AWOL with layoffs as Kansas City fights ‘global war for talent’ | The Kansas City Star BUSINESS DST Systems goes AWOL with layoffs as Kansas City fights ‘global war for talent’ BY MARK DAVIS... read more
Apparently we've had a bad week. You don't say. I think we will be stuck on this list for at least a month or two, until the whole layoffs backlog is cleared out. At least until the next cleansing instituted by SS&C... read more
Just wondering, does anybody at DST still have faith in our leadership? Still believes that there is a way for us to progress instead of regress with current management on top?
Had Dst reinvested it's earnings rather than paying it out to executive staff from 80-2017, it would not have been bought out. It would be in great shape. No layoffs. It would have been buying other companies instead. The offshore staff was a... read more
All you have to do is go to SS&C’s SEC filings and read about the planned cuts through the end of 2018. They indicated that approximately 900 would be cut by December 2018. We lost under 500 last week. That means another 400+ yet to go this year... read more
Some of the names and positions I saw cut makes me believe they didn't spend much time thinking of who or how many and where they need to run the biz. Many clients are on long term deals. The systems run and the revenue comes in. Stone probably wants... read more
Losses have been announced in the London region of the U.K. Mainly corporate services. First wave of many, IT will be hit next. Watch this space.
I heard there might be more layoffs at DST sometime next week. Did anybody else hear the same?
Has anyone read an Ignites article with commentary from our new CEO? Sounds like he doesn't think very highly of us from what I've been told.
I had to pay up front today at the doctor's instead of paying a statement in 60 days. Now I have to submit the bill myself and wait reimbursement, which can be done after they get around to sending me Cobra info and I send that back and coverage is... read more
After the stock market crashes , wiping out 40% of the market, there will be no jobs anywhere. Enjoy your life while you can. It's going to be worse than any previous market crash.
Sorry to hear that yet another round of layoffs happened last week. For those that are still employed by DST, let me give you a word of advice.... I worked for DST for almost 15 years and was part of the big layoff that happened in the fall of 2014 (... read more
What is their next step?
Just because dst's logo is on ripple glass dumpsters and they get your glass free, don't quit using them
I thought once layoffs are done I'll feel better, but somehow things are even worse now. With so many people gone, I suddenly feel like an intruder when I get to work. Now I'm dreading going to the office even more than I did before. I guess I really... read more
Did everyone still pay parking, healthcare coverage, optional life insurance, dental and vision coverage in their final pay? Seems like that would be paying for a next months coverage that does not exist.
Is it true we'll be seeing more layoffs as early as August? I've seen this mentioned in several places, but it's hard to believe they'd push them together so closely. It would make more sense to me to just have one major round of layoffs all at once... read more
I agree with all of the sentiments in all the threads. Even before the SS&C merger, DST had drastically changed from the days of the Toms. Of course we all work for a paycheck, but DST used to answer to its shareholders, while still valuing its... read more
Don't be a fool, start looking now!
Anything else happening today? Saw a united armed security services van right across the street in the parking lot with cones around it so was curious...
Any layoffs at offshore DST...We are hearing bangkok got impacted
They need to get rid of all the HR reps embedded in the business units. They provide zero value.