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Topics regarding layoffs at Sungard Availability Services
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/
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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
Signs of collapse (and by no means is this a complete list): HR eliminated the long-standing policy that allowed employees to roll over vacation hours into the next year. Long-time customers leaving in droves as if Sungard AS is some kind of... read more
Despite the 75 RIF'd, this month, I'm expecting a SIGNIFICANT GLOBAL (US and UK) RIF very soon after September 1st, maybe right after labor day. CEO has scheduled all-hands meetings for early September, most likely to explain the RIF and continual... read more
In the first week of August, 75 employees in the US were whacked. The rumbles I'm hearing is that more to happen for the rest of the month. There's no question Sungard AS is dying. For five years, sales haven't met its target. These are unrealistic... read more
More significant layoffs of US-based Operations teams are coming in August 2017. 2nd quarter numbers missed the mark so heads must now roll. The move to low-skill / low-pay resources in Costa Rica and India continues so management can make the... read more
I have no idea why the CEO has been in power for such a long time, worse CEO ever! He has completely destroyed the company it's either heading for Chapter 11 or it's going to lowest bidder, if it's lowest bidder the CEO and his board will at least... read more
Just heard there were more layoffs on April 3rd. Off-shore only? Any one have any details?
Wouldn't be surprise with the losses and dismal sales in 2016 if they don't go for the lowest bidder or go bankrupt. 99% of all customer support - RS, MS, Hybrid - headed to either Sungard AS employees in India or a contractor in Costa Rica.