I think in light of the layoffs, its time to write to DST's board of directors. Its clear that DST is in business to benefit stockholders, but maybe more, to benefit top executives. The average worker at DST is not aware that top execs have made... read more
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Topics regarding layoffs at DST Systems
The best feel good story, company receives millions in taxpayer dollars. Taxes paid in part by the employees the company laid off because the company has no money. https://www.cheatsheet.com/culture/states-companies-more-money-poor.html/?a=viewall
Here's an idea, let's take salaried employees, downgrade their job titles to the lowest rung, make them hourly and rob them of what they have rightfully earned all these years. Where is the loyalty? If the plan is to make employees WANT to leave... read more
More layoffs coming in November 17th. 5% gone Albany on the hit list. I've been browsing other threads, and ran into this. Haven't seen this specific date mentioned anywhere else, so I was wondering if anybody knew if this is just a rumor, or if it... read more
Oh, layoffs, layoffs… Every year I hear the same story but layoffs never happen here in Kansas City.
See this fore all the details: https://www.bizjournals.com/kansascity/news/2017/10/04/dst-systems-initiates-across-the-board-layoffs.html
Quincy office is having layoffs. At least 5 gone as of right now. BFDS is in the same building and is also having layoffs today. No idea of numbers there.
Huge police presence at DST this morning. Layoffs are imminent.
Possible layoffs tomorrow. 100417.
Policy is you cant travel for work during work hours. Travel on your personal time. Dst doesnt pay for you to travel to client locations. Yet the paid some former hr leader 54 million in stock options. Layiffs are a blessing
Several associates were let go yesterday with a bunch more coming this week. Layoffs always seem to happen when the summer interns have arrived. It sends a poor message to the interns.
Before my last day, I did the bear minimum work, since nobody asked the critical things in the hopper I didn't tell them, nor gave any advice so I am sure it promptly blew up the day after I left. All the critical things I had in my head about the... read more
My manager and most others promoted to high levels have reputations for being rude and callous. Those are considered good skills, and they are rewarded for their lack of any feelings toward staff. Why?
He may have recieved over $59,000,000.00 in total compensation over his tenure. There are probably financial execs in the area that gladly would have worked for $150,000 per year in his role. DST is overly generous to the top execs and they really... read more
Bob Tritt got $900,000.00 when he left in 2014 and it all documented in this SEC filing from DST. Its even on DST letterhead. $900,000.00 seems a bit pricey for a guy that was making under 50k in 1988. Here is the SEC link (its a required public... read more
I need to ask you a few things - are there going to be layoffs, who will be affected, if yes where and when will cuts take place. How about Kansas City.
Its glory days are over. Competition is strong. No longer have a corner on the market. People like Robert Gould let the established management from Kansas stay. he should have cleaned house and brought in some NY, London, Paris, Zurich and Singapore... read more
I received some information today that officers and directors will have their titles changed and bonuses either retracted or cut. The hits just keep on coming for this company. I guess this means that DST does not think they can squeeze any more out... read more
DST executives sold 36k shares of stock over the past three months before it dropped 15% in one day after the quarterly earnings were released. Insider trading at its best.
I used to work at DST. Quit. Then hired people away from DST to work at Sprint. Made a fortune doing it. Glad DST didn't make it more attractive to stay, as I would have missed out on making 500K each year. Thanks DST for helping me by underpaying... read more
Rumors are flying. Mood s---s. Not like we are not making a profit, 'cause we are. Just not enough for the shareholders I guess. More offshore coming. This time India. Heard they were after those who make the big bucks this time.
Leave Dst before a layoff. Work at Apple or Microsoft. Even their secretaries are millionaires from their stock options, so look for a future is tic, not data sys tance.
More and more good folks are putting in their notice. The mood in many areas in DST is currently quite gloomy and the disdain for upper management is quite evident. If you stay, hang on!
My old manager, who claimed he had been involved in devil worship in California, who slept with his dogs in their cages, who followed the gals in the dept around and took pictures of their tushes with a film camera using Fuji film, who tried to... read more
Who was the DST exec that gave away the bonus income from clients for 99.9% computer up time? He should be fired!!!
A friend works here, some people say there were no layoffs - he told me that they DID have layoffs today
Around 150 people were let go today. Mostly affected was the Baltimore office for Brokerage Services. In KC, some managers, applications analysts, project leaders, and a few techs that I know of were shown the door. Once this shakes out, I hear there... read more
Yep, it happened in several different departments and buildings.
Hearing rumors of layoffs for this week, about 170 people. But not to worry. The 200 new hires in Hyderabad should be able to keep the clients happy.
And if I had a problem with someone, say a manager that would not promote me, or was playing favorites, all I did was mention to Tritt that "between you and me this manager doesn't respect or like you". That manager's career was then stalled and... read more
I recently retired from DST Output--CC...... 15 years ago I moved from DST to DSTO.... I worked at DSTO for 15 years, the first 14 were great. The first 14 years Output was led by Steve T. Under his leadership Output went from $5 Mil a year to $60... read more
It's been a few years. Is it about time for another huge devastating layoff?
I formerly worked at DST Systems Inc. I can tell you one story that sticks in my mind. Had a DST employee that I had met once or twice call me at home one night at midnight. Said she needed my password to access accounts to fix something - hers... read more
Vercie Lark destroys the IT department then is hired to run the Financial Services division. Is Steve Hooley that clueless? It will be a disaster all the way around now.