Have fun at work this week, it’s gonna be fabulous!!!
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Topics regarding layoffs at DST Systems
and Hooley has thrown in the towel. Kind of like selling a car you haven't maintained, thinking that as long as it has oil and the tires are up it will last forever!, and now those years of neglect, have resulted in a complete overhaul, do you... read more
No layoffs. You must be feeling pretty stupid.
So what’s the good word or not so good word? Layoffs or not? If so, what timeframe has everyone heard?
Because there are no layoffs. Cheaper to scare you into leaving on your own. This didn't occur to me before, but now it seems so obvious that I can't believe I didn't notice it sooner. I know of two people who left the company in the last two weeks... read more
Wonder if anyone ever wonders why this new "exec" is loosing all his leaders? He doesn't care - that's why. He is single handedly bringing down an org. Bet the new buyers don't know that.
Did y'all get laid off?
Has anyone heard anything about COBRA letters being sent?
I absolutely hate how DST made sure we all know layoffs are coming but gave us absolutely no details. Now we are left to stress as we guess who, how many and when. Frankly, I'd rather they just do it. I can deal with being laid off. It's this... read more
I love my job! DST has been great , I well,we have been milking the proverbial teet for years. My department “works” about two hours a day. We spend most of the day in meetings discussing how we should or could work. We come in late, take extended... read more
Actually the salesman is right. I left a huge company once, but left my 401k with them for a year. During that time the employer switched 401k custodians, and the default investment option was a target date fund. Fund collapsed (it was 2008) and I... read more
As a training manager in Quincy, I can tell there is no truth to the fact that there will be... Wait, what? You're taking my broom? How am I going to find another job? I don't have buddies at other companies. Wanna see my grades from college? It... read more
Another fun, informative video, from one of our highly regarded genius execs. Can't wait!!
What’s the latest update on layoffs? Any real facts? How many , timeframes affected departments etc. Thanks
Anyone heard if it’s today or next week?
Motivate current employees to get the hell out of there. Sad to say but that is the conclusion of many.
What has everyone heard on the number of people let go this week? I've heard 1200, also heard 50. If it's going to happen to me, I'd like it to happen sooner rather than later. The 50 number greatly reduces my chances.
Any stories of people NOT worried about layoffs?
Was lucky to work under McDonnell tenure. the leadership back then 'made it work' with the employees and did so much for downtown and surrounding areas. would have loved to work my whole career within DST but like so many others left for the same... read more
Why do you guys put up with this stuff, why don't you just leave DST?
Some are wondering how many will be let go before the merger. One only has to round up the total compensation for the 5 execs in the merger the number is around 70 million. Average pay is around 60,000 after averaging tenured and non tenured staff... read more
Layoffs starting today? Saw one of the plethora of HR VPs headed to a meeting with what appeared to be several of her minions....handful of conference rooms off-line today, tomorrow and all of next week M-F. Anybody knows more about this? Have there... read more
Anybody else here heard that DST was lowering its severance for future layoffs? There's a good chance I'm looking at a layoff somewhere down the line (most likely sooner rather than later, I check all the boxes) but I don't want to start fretting... read more
Hiring a CIO with no experience Moving that CIO over the financial services group after he failed as a CIO Hiring another CIO with no experience in IT Focusing heavily on EPS Paying VP's East Coast salaries that are not sustainable Not hiring a COO... read more
Anyone heard this rumor? I heard up to 1500 people could be axed.
Customers mean you need employees to service them. Hooley to prop up EPS and falling revenue has endless layoffs. Problem is Hooley ran out of employees to cut last october. Cornered between his failure and resigning he found his golden ticket to... read more
If it can be somewhat organized between KC & Boston it would sent a message. I have no expectations of 100% participation, but a sizable number could paralyze the daily operations significantly.
That's what I hear. 3 very important clients, including the one that for years was the mainstay on the mutual fund side, are pissed that they recently signed long term deals and now find themselves with SS&C whom they don't want. Talk is that one... read more
Severance Payment: DST or its successor will pay the executive within sixty days of the qualifying termination, a single lump sum cash payment equal to: (1) two times the executive’s annual base salary as of the date of termination; (2) two times the... read more
Too bad for the BFDS leftovers. DST doesn't know them and SS&C aren't going to give a crap about them. Those hanging on until the buyout is complete are fools cause SS&C don't owe them anything. Don't believe what you hear about getting packages... read more
Heard the first phase of "reductions" will be next Tues or Wed. 1,200 was the number thrown out. Also as I predicted the severance has been axed to possibly 10 weeks max. Ol' Hatchet Hooley is practicing his swing now. Anyway they can f--- over those... read more
The Pitch is working on a story on DST. It's going to focus on the executive payout as a part of the sale of DST to SS&C (Steve Hooley will be paid $28 million in the 'golden parachute' portion of the contract, and many millions more in other... read more
Oh please God, let me be on the list to be laid off soon! I can’t take it anymore. DST is a joke of a company. Can anyone name the last product that was actually built by DST and taken to market? How many millions of dollars have been wasted on... read more
Now now let's not count are chickens before they hatch, after all we are your problem until your golden parachute lands. As of this moment 1 thousand and 95 people seen your burger flipper comment. Regardless what exec you are I believe you just... read more
Golden Parachutes Compensation Officer Cash (1) ($)(b) Equity (2) ($)(c) Perquisites/ Benefits (3) ($)(e) Tax Reimbursement (4) ($)(f) Total ($)(g) Stephen C. Hooley $ 7,045,685 $ 20,973,303 $ 148,687 ... read more
There's a reason the execs get these packages. The amount of work put into reducing the debt to make the company buyable is nothing less then amazing. If burger flippers could do it all of you would be getting golden parachutes. Soon you will be... read more
It's a long read, and I will be the first to admit that I don't understand all the details in the 'Interests of the Directors and Executive Officers of DST in the Merger' section starting at page 54, but if you're interested, here's the official SEC... read more