DST Systems Layoffs

Topics regarding layoffs at DST Systems

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Hmm....

Interesting no new rumors of when the layoffs will be? Maybe we should've started a pool on the date.

Again....

Yet another rumor that tomorrow 3/20 will be D-Day... Does anyone know if there is any truth to this most recent rumor? Any layoffs happen this month anywhere in this company?

SS&C No Pay Rises

I have just been told that there are no pay rises this year across the whole of SS&C. Is this true? How often often does SS&C do this or is this the first time.

Medical leave = gone

Just got a return text from a now former co-worker. He went out on a medical leave the beginning of February and was due back today. Few of us chipped in and bought coffee, bagels, etc...to welcome him back and he was a no-show. Someone else asked... read more

Layoffs

With so many experienced people layed off in June 2018, I don’t see another layoff in the forcible future.

Why...

Is it really not happening until April...

Layoff

I heard they are going to pay out the bonuses the End of February, then instead of your your performance raise in April, they will lay you off with all getting a 2 week severance.

Everyone’s had a year to find a new job

Everyone’s had a year to find a new job. If you’ve been in your role a very long time, like over 5+ years, never grown or had a promotion, you’re a gone. My group is slow as molasses. We all know it’s just a matter of time, and that time is most... read more

Ice storm

I hear that due to the upcoming ice storm, they have placed all critical personel in rooms at the Marriott. If you weren’t offered a room - you are on the lay-off list.

Today

Let it be today, the day they let some of us go....

SS&C lettet

I was let go from BFDS in October 2017 after 24 years and employed elsewhere in Nov 2017 to current day. Last night I grabbed my mail and had a 9x12 envelope with the SS&C logo. There was a jumble of sentences on page 1&2 basically indicating that... read more

Long term medical disability - Whats the point!?

Have heard of at least three cases now of people on chemo be let go or forced out basically that were trying to get on long term disability .....never believing long term medical disability again as a "benefit". If you truly wont honor the benefit... read more

Who Says the job market is good?

Wages have not increased in years. Of course if you're talking about low-level jobs at places like retail and fast food, yeah, they are hiring and maybe you get a buck raise for leaving Burger King for Taco Bell. Try getting a Vice President job... read more

Who is looking for a new job?

Most of the people I know are already hunting down new jobs to get away from this mess. Is this a company wide thing? I really hope it is, a mass exodus of employees might be what the DST management needs to realize they can't treat us the way they... read more

Debt is what paralyzes you in any situation

Markets go up. Markets go down. Position yourselves to take the opportunities each present. Money is made going up AND going down. Layoffs happen during either, but more so in a down market. This is all you need to understand to know what's around... read more

2019 is going to be horrible

Well, given that December 2018 was the worst in stock market history since 1931, you can bet your last DST dollar that massive layoffs will be happening everywhere in all companies. So it doesn’t really matter where you work, the good times are over... read more

Starting the new year with layoffs

Been hearing about a major layoffs round sometime in January. Any truth to that? Frankly, wouldn't surprise me one bit for DST to start off a year with layoffs. That seems to be the only thing upper management knows to do lately to pretend they are... read more

Just be done already

Are they doing more layoffs at the end of Dec or not, this whole not giving any information is exhausting!

Reminder of Who We're Wealing With Here

This article is in one of these threads iirc: DST employees were hit Tuesday with massive layoffs, but the decision to fire 6% of the back-office providers’ staff should have been no surprise to those listening to the firm’s CEO speak to investors... read more

More cuts coming

They are changing the game up some. The large layoffs are being replaced with smaller discreet layoffs. With their overall objective of offshoring all coding efforts and their need to meet the numbers, it is inevitable. Their agenda has not changed.

Sort your priorities

How can people be thinking about bonuses and raises right now? We've been having constant layoffs, which we know are going to continue well into the following year. This has stopped being about bonuses a while ago, now people are lucky if they still... read more

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