Topics regarding layoffs at Sungard Availability Services
Personally I'm interviewing, I think the general populous knows the outcome that is going to occur so that is why the board has slowed. In the next few months you can expect more departures both voluntarily and involuntarily at the LT level and below... read more
How did we go from having one of the most secure and laid back jobs (not in a sense of not having to work, but in a sense of not having to worry about too many things if we did our job well) to this hotbed of frustration, uncertainty and stress so... read more
Was he Rif’ed..... This site isn’t that interesting without him.
This board is about employees finding a common place where they can vent together. I guess sort of like therapy. You cannot complain or vent your fears at the work place so this would be the next best place. This isn't a team building site or a place... read more
ANyone know why?
Anyone else surprised that the leadership team is fully intact other than AS? Any bets on the next forced departure?
I will say - if you are a CSP, you're in a precarious position. When I started at SG, management was dedicated to retention. I worked with CSPs and I worked directly with customers. At that time, I managed every concern the customer had and I was... read more
You want to know who I am? I think you no the answer. I am the employee that has put in the time over many years that wants the payoff. I am the employee that joined the team last Q and is now invested in driving results. I am the executive that... read more
When will the doors close?
Sungard AS is a dead goldfish, circling the drain, and has been for years. You need to polish up y our resumes and get out while you can. Severances will be gone, people will be let go, and whatever assets are left are going to be sold at a fire... read more
In all seriousness, of current employees, are you going to stay and see how things play out or are you actively looking for another job?
The time is now. We must take advantage of our opportunity. For the first time in many years we are in the position for success. healthy economy growing target market with committed partnership with the largest provider of hyper scale compute (Aws)... read more
Will the usual package be reduced now that we are officially in Chapter 11?
It’s official, we have a new CEO Sungard AS also announced the appointment of Michael (Mike) K. Robinson as the Company’s new Chief Executive Officer (CEO). Mr. Robinson will succeed Andrew A. Stern, who served as CEO for nine years... read more
So they were grooming him for the past month, according to Stern's email. Wow, they just keep us in the dark up to the last possible minute. I don't believe anything that comes out of corps mouth, nothing!
We are out people!!! Looking forward to the future. Like I said, remain focused and positive. We will realize our potential in the market. It’s our turn now. Thanks, One Positive Guy
The troublesome issue at SGAS is that there was no change in direction. SGAS was too late to the cloud game that includes AWS. These services simply are not selling at a rate to sustain the product. Trying to compete with AWS, Azure and Google for... read more
Get out now
So I was forwarded this link to read cause I was wondering if there is any news regarding today.., an hour later I have read all the posts and reply’s. I now have one question. Who is OPG? Is it Andy? Is it a marketing person? Thoughts?
Why are there available job posting at Sungard AS right now? Why isn't there a hiring freeze considering what's been going on? What's the point of bringing in new people when we know major layoffs are only a matter of time? This makes very little... read more
Given sgas has not identified any new game changing approach to grow share, the only thing left to grow top line revenue is massive price reductions.... this will lead to more layoffs to reduce cost... dangerous cycle... either sgas gets bought for... read more
I am happy to hear we continue to make progress against the proceedings. Please be cautious if your speaking to customers or partners. Even though we expect to emerge very quickly there are still elements outside of our control that could impact... read more
We were told it was cut and dry. Any word if this went through?
Given that this is the 2nd company he bankrupted he should be made to run the gauntlet - not given a large sum of money
First I would like to thank (most) of you for all of the kindly worded insults and misguided attempts of guessing who I am. The truth is I find them intriguing . You see, I read your attempts of slander and misinformation as insight into what the... read more
Lynch and the other bozos do not adhere to the expense report policie. I see it every day. the limits imposed for meals and travel are not followed by Lynch, stern. Trust me when I say this. As Dwight would say “ FACT. Lynch is a hypocrite.”
Why do you continue to perpetuate negativity and spread rumors? Today you have heard of all the traction made by your co-workers and the progress they are making as we embark on the next chapter for this company. Instead of celebrating them and... read more
It's been a while but I have not heard anything about the sale of the UK company. About a month ago a poster who correctly had the inside line about the bankruptcy also said the sale of the UK was in the works and all a matter of time and paperwork... read more
Stern’s call today was typical Stern. “We are strong. We are doing incredible”. Blah blah. b---s---. I love how the mentions of the awesomeness of the LT. Very hard to listen to. I hope everyone still there is getting out. It will be sold off bit by... read more
Great work to all who have contributed to the recent success and momentum for such a great results. Lots to be excited and positive about!!! Be part of the change!! One Positive Guy
Now is the time for everybody at Sungard AS to start looking for a new job. No matter what happens, this will never be the company it once was, and it'll just be a matter of time before something like this happens again. My honest advice is to update... read more
18 months ago - "gotta make the books look better for creditors, let's pay people to leave." This week - "gotta make our story look better for purchasers, people are leaving, let's pay them half of their sales comp to stay." The irony is hilarious. 😂
Listen I don’t work at SGAS anymore. I left to go to what I thought was a better place. I was an avid reader and contributor to the posts on this site and quite frankly let it influence me way too much. After being in several roles since SGAS I am... read more
I'm getting tired of being left in the dark. Is this how little they respect us?
Some interesting "deju vu" articles. History is repeating itself. Even down to the $100M cash investment by Bain. https://www.crn.com/news/channel-programs/18817748/usinternetworking-files-for-bankruptcy.htm "Last October, Bain Capital Partners... read more
The end result of the chapter 11 filing is that roughly 2/3 of SunGard's debt will be relieved. Without that debt burden things are looking up. SunGard's new owners understand that SunGard's value lies in the services that SunGard offers as opposed... read more
My dad works there, and he's been a nervous wreck lately whenever I call, but he refuses to admit anything is wrong. I know there were some layoffs and talk of bankruptcy, but for some reason I thought things have settled down this week. Am I wrong?... read more
During the interview process, I was concerned about the news, but everyone continued to explain how the restructuring will help the company. I decided to take the job; however, I am not seeing a lot of positive outlook in regards to the... read more