This is a generic discussion thread to capture comments about potential DST Systems Layoffs 2020? Any news or rumors?
Topics regarding layoffs at DST Systems
Staff are dirt
DST only cared for their top executives. I expected layoffs long ago, to boos stock price. DST cared less about their staff, or their careers. You even had to pay to park in their company owned lot, even though it was for their benefit. Other... — read more
A recurring problem encountered with many 401k audits is the treatment of severance pay and subsequent compensation. To properly determine whether compensation paid to an employee during or after his dismissal is considered as compensation eligible... — read more
Where would you cut the fat?
I hope you're happy with it cause this is all you're getting till this time next year! Did you get 1%? Less than 1%? 2%? 3%? Wow you must really be doing something right to get 3%! or more! You were probably promoted and got 3% as your promotion... — read more
Feds Sue Ruane Cunniff Over Valeant Stock in DST 401(k) Plan Southern District of New York, docket No. 1:19-cv-09302
Dst was a bad place to work. Managers were horrible. A dump.
Dst broke the law. Tells you what kind of place dst was....
Anyone else hearing rumblings? If I was only hearing it from one or two people I wouldn't give it a second thought, but have heard from a few including a client this morning.
Its not fair that management got huge multi million dollar payouts. It should have gone to our retirement funds for long time workers and retirees. People who barely worked at dst made 20+ million in payouts
It seem management should bear the brunt of cut backs. Ordinary folk do all the needed work. Any xmas party planned?
If that wasn't a load of poo...
Gotta make more ebitda or its going to be unpleasant.
VPN down twice this month alone. Guys you gotta keep the basic infrastructure up! No wonder with all the outdated, out of support software and hardware they have. News flash senior executives: Not updating you sh-t costs you $$$, it does not save... — read more
Welp if you were expecting even a reasonable increase in pay this merit cycle that so called was to get in-line with the SS&C performance cycle. You will be very disappointed. The merit increases will be penny’s meaning if you were rated a 4 or even... — read more
What a joke of a plan choice.
Its staff were just pawns to make the executives milliions in stock option profits. Execs never cared about regular staff
Well if attrition is what they want, that's what they're going to get more of this time around. But it's the same old DST song. The people with options left a long, looooooong time ago. Now you have the disengaged hangers, who don't really know or do... — read more
DST Health Solutions Inc 2500 Corporate Dr, Birmingham, AL 35242
More to come.
Waddell Reed, welcome to the east coast takeover of “fly over” country with your just announced layoffs.. Stone won’t give a thing about you next year. Stone, great work on your over aggressive earnings guess by eliminating key KC employees at DST... — read more
One user posted this on their last day. Google it, interesting read.
The video by Mike S this week was a joke. No useful information. They are sticking with the BS excuses for no raises.
Why keep VPs, Directors and Managers that are part of the reason things are so bad. If you keep doing the same thing you will get the same results. Come on new guy, get it in gear and start cutting dead weight. Don’t fall for their ideas. They didn’t... — read more
Is it true everybody at DST now receives only two weeks of severance?
Recently heard after a--&C Health progress update - If you are a 10+ year employee you are part of the problem. Get out now and leave on your own terms or SS&C will show you the door with just a 2 week severance. Clients don’t want you and neither... — read more
DST now means done, shuttered, terminated. It used to mean "dont stay there". Which was good advice back then!
Well that's a loaded question. Was asked that recently and turned them down. Too many factors many of which they won't fix.
Word on the street is the new healthcare ceo got mr bs a seat at the dinner table with ibm. Lots of medical data on the heathcare side of ss&c for data analytics. Ss&c lacks the innovation and talent to put it to use. If only a company existed like... — read more
With todays announcement the Health Solutions business can rest assured they will sold and/or spun off in a year or two. This guy has experience in "high performing growth business, including startups and divisions of larger companies". This is... — read more
CEO is gone. VP (buddy of CEO) was promoted to take CEO’s place by the CEO before leaving, has given notice. More managers will be joining them. SS&C is wise to clean house on Managent level. — read more
Heard a rumor today that Winchester is being sold....anyone heard this?
I think DST is supposed to be out of BWB by the end of the year. Wonder if the building will be a potential landing spot for Waddell now that they have announced they are looking to move? Could be a bitter pill for the former DST folks working there... — read more
Dst has now faded away into obscurity. It is no more. With a decade all the Dst code will be replaced. Dst is gone
July 1st is approaching. If no major layoffs by then it will have been a whole year anticipating when the next major RIF is without it happening. In my book that put's Stone a step above Hooley. Time will tell just how good of a ceo he is not only... — read more
There is a--&C/DST Canton location 5/31/19 lay-off WARN notice for 75 people — read more
Finally they're dropping "DST" entirely, and the wheel turns.
DST was always known as a sweatshop with poor management, and abusive management. Nowdays some of the stunts the managers pulled would be considered "hostile work environment" and there would be lawsuits filed. DST could have been a much bigger and... — read more