The video by Mike S this week was a joke. No useful information. They are sticking with the BS excuses for no raises.
Topics regarding layoffs at DST Systems
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
Any layoffs going to sungard? I was hired in the 1979 era, there were no non competes. Left dst about 1998 and helped them with escheatment. It was a good place
Anyone else hearing that discussions are taking place that the Quincy office staff could be relocating into Boston around the beginning of the Fall? Lease buyout is being negotiated.
Does anybody still believes there is such a thing? Both older and newer employees - do you think a long term career is still a viable thing at DST?
Executives of Dst made hundreds of millions in stock grants and options over the years. Why? Dst could have hired local bankers, financial ceo's, from other companies here in town for much less. Dst always had thr highest executive pay of any local... — read more
The sad part is the hurt is only begining. Large successful companies get that way by providing innovative services or products. Like every established company the innovation fade's over time. Stone is making a good attemp to keep it going by... — read more
Two people started working in our department in April as replacements for a few who decided to leave this mess on their own, and I'm appalled at how little they know and how little they're trying to learn. Is this where we are now? Is this the best... — read more
Lots of discussion about DST https://seekingalpha.com/article/4258311-ss-and-c-technologies-holdings-inc-ssnc-ceo-bill-stone-q1-2019-results-earnings-call — read more
We can't lose anymore people and continue to function properly. Too many people have been laid off, too many have left on their own, and too few were brought in to replace them. We are doing the work of two-three people each and if we have to pick up... — read more
Dont be fooled. Dst never cared for rank and file. Only top, self serving execs
dst layoffs are direct result of bas management. Missed indusrty standard of sub accounting. Promoting executives lovers was always a bad move. Rockhurst infatuation was silly. As a result, dsr is gone
I've been looking since I started working here a year ago. To be honest, I am finding it difficult for the first time in my life to find a new job. I've sent out 100s of resumes, especially to jobs I am qualified for, even out of state, and I've got... — read more
So many people I talk to keep telling me they are already looking for a new job - to the point where I am wondering if there is anybody left here who is not actively working on getting out of DST? Even the new hires are saying the same thing... I... — read more
The DST purchase closed one year ago. So the DST separation agreements have expired. Now what is Stone going to do?
Yikes, heads up people, you know the drill! Group Health Continuation Coverage Under COBRA — read more
Two people in our team just confided to the rest of us that they are giving notice later today to our manager. Both were recruited by someone who left previously to join them at a financial firm. Selfishly all I can think of is how this is going to... — read more
They just hired someone in my group. She is going to be really upset when she realizes what a mistake she made accepting the job. No one in my group is happy. No raises and now a new employee to fight for the work with. Fml — read more
April 10th -11th? anybody? buellar? buellar?
Yes, its true.
With Ellen’s resignation we are all once again wondering What the ? To say staff is surprised is an understatement - though it should not be shocking. seemed we finally had a strong leader who might be able to turn it around. The timing means no one... — read more
I honestly don't see a way out of the mess we are in right now. There were times before where proper decisions by management could have changed the trajectory of this sinking ship, but I think those times are gone for good now. Am I wrong? Is there a... — read more
Dst is defunct. Its stock is delisted. This thread should be ended. Dst does not exists.
Interesting no new rumors of when the layoffs will be? Maybe we should've started a pool on the date.
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?
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. — read more