Sales are falling off a cliff. What to do? I know, take an employee engagement survey. More than 1900 employees responded, and what do we learn? Employees in India are happy. We're hiring lots of them and they get big raises at review time. Employees... read more
Comment! It's anonymous! Post information you know, rumors you heard, your experiences, or contribute to the discussion by answering or asking about layoffs at Sungard Availability Services . The comment form is located near the bottom of the page.
Topics regarding layoffs at Sungard Availability Services
The stuffed suit in charge of company sales just announced he's hired another SVP into the Sales group. Like one more SVP of sales is going to make a difference. This AL has to be being paid on the number of SVPs and VPs he can hire before the... read more
Quite a few team org changes and word of remaining veteran sales management getting pushed out the door seem to be pointing to big changes and a new wave of layoffs in early September just after Labor Day. Sales look as dismal as ever with the weekly... read more
So first we're asked to vote for SgAS for "Employer of the Year" by our delusional leaders. When in fact SgAS could have easily run away with the "Unemployer of the Year" award. Now to add insult to injury or salt to an open wound, S. "RIF" Lynch... read more
As the 3rd quarter results materialize and the id--t running sales continues to lie about his forecast as he did in all of 2017, it's that time of year again where the layoffs have to occur in order to make the Ebitda number so the execs can get... read more
Just got an email asking us to vote for Sungard AS as Employer of the Year. Msg to Sungard AS management --> Look at the ways you've decimated this company over the last 12-18 months. Layoffs, budget cuts, outsourcing, etc, etc, etc. Employer of the... read more
The layoffs are still happening. They are just smaller in number so they fly under the radar. They actually have a blanket RIF for the year and they are bucketing everyone into it. There are at least 12 people laid off after every quarter end and... read more
Without a sales team interested in selling, without a product team interested in innovating, without a support team interested in supporting Sungard AS will continue to spiral out of control until it hits bottom. I would be surprised if the Private... read more
Rumor has it that Equinox or another unnamed co. may buy? I thought we were dead in the water and wouldn't be worth much!?
I'm watching managers leave in droves. Sales continues to head to the exits. Seems like the layoffs aren't happening anymore its all self attrition. I'm so disheartened and in final rounds of interviews at competitors. The culture here was so great... read more
Very little chatter on layoffs lately, which should usually be taken as a good sign, but I'm starting to worry it's a case of calm before a storm. Do we have any indication on when the nest round might take place? This is Sungard, so I'm sure... read more
This time the SAP team. Gone as of May 1. Outsourced to M-Land. Is the Oracle next? We thought it was finally over, but Giggles & Co. are still cutting like mad. They must be having issues making their debt payments again. What's the matter, too many... read more
/sarcasm Operation Outsourcing is great we should double down on it, although instead of India and Costa Rica we ought to think outside the box and maybe go with a war-torn countries motif to keep things interesting //sarcasm
Glassdoor currently has 666 reviews for Sungard AS. How appropriate.
It’s been a few weeks so I figure the clowns up top are ready to make more cuts
You two should be ashamed. You took an amazing company full of loyal caring employees and turned it into a den of disloyalty and house of sadness. I left not because I wanted to, but because I felt I had to. Everything that would have saved SGAS is... read more
All 27 UK Sales headcount with targets, on consultation this week, with 7 heads to go....completely untenable, you cant grow a business with no sales people, ladder pulled up..floating adrift, will sink soon
With all the changes SGAS is very lean now and has cut the overhead so in the long run people who are left in my opinion will make serious money the Brand itself is worth a fortune and with moving offshore it creates free clash flow at a minimum cost... read more
Looks like I was right ..., more layoffs today That’s 4 rounds of layoffs since December and not a peep from management Okay, this was posted on Thursday, but I haven't heard anything about layoffs last week. Anybody else knows what's going on? Is... read more
What a joke of a place this has become, hardly any staff left and all senior managers in the UK have now gone. Listening to Andy 'Bilko - giggling' Stern on the kick-off really took the biscuit....the man and all his underlings should be taken... read more
Sungard heading in the right direction great kickoff and good times let the good times roll again.
Well Philadelphia got hit more layoffs today. DR guys. This is not good when will it end. Chapter 11 is the only answer.
Anyone care to venture a guess? 2-3 weeks? Nobody left to adequately support the customer. One would have to be a total moron to actually think the new “global support” model is going to work. Using cheap labor in India is not what is going to keep... read more
And one more thing to add to the mix. Sungard AS has gotten rid of a lot of women in recent years. Debrief chats with many of them revealed some type of s-xual harassment and discrimination. There is a large possibility of a class action law suit... read more
Just a FYI . This is confirmed . 1 week of pay per year as per the employee manual.
Does anyone have a list of teams that were RIF'd on Friday? Anyone have any knowledge of who or what teams might be next? As opposed to companies I've worked for before who were transparent about layoffs, Stern and friends will never communicate the... read more
The writing is on the wall here folks, Chapter 11 is likely very very close. SGAS management took a horrendous loan (Market Rate +10%) on 425 Million dollars. Thats probably a 15-16% APR loan or $64,000,000.00 (64M) in interest ALONE annually on... read more
Sorry to see so many good people lose their jobs I wish you all the best thank god it’s a good economy
Sungard is the place to be innovative products good management team, strong sales and marketing team in place. There are too many whiners here do the job and yoy will be rewarded out the time in and Be a winner not a whiner like Lost of the people... read more
Confirmation of the reason for the layoffs, or signs of more to come?! https://www.bloomberg.com/news/articles/2018-01-05/leveraged-loan-investors-score-an-activist-manager-style-coup
Sungard AS needs to realize the American worker has had enough of outsourcing. It is not the "new industry norm". https://truepundit.com/laid-off-american-workers-get-day-court-outsourcing-firm-accused-favoring-foreigners/
Please post below.
It was announced today that the SVP of Global HR has given his resignation after a 9-year tenure with the company, effective December 1st. This another member of the senior leadership leaving and joining the mass exodus of VPs, SVPs, and Executives... read more
There were many rumors about major Sungard layoffs in October, but with a few days left in the month, what I saw were only sporadic people being let go here and there, nothing on a larger scale. Did I miss something and my location just got lucky, or... read more
Supposedly, the layoffs begin this week (of October 9). That's the buzz here in HQ, and morale is really low. A big portion of sales will be targeted. Sadly, they have nothing to really sell because the products are slow in development and unstable... read more
Customer support is imploding. Good support staff have been laid off and replaced by low quality workers in far away places. Yes, there's nothing like great customer service when the support reps answering the calls are incapable of helping customers... read more
Rampant rumors across the organization, especially within the sales team are saying that MAJOR layoffs are coming very soon, probably early October (if not sooner). The Sales, Solutions Engineering, and Architecture teams were crucified at a recent... read more