Topics regarding layoffs at Sungard Availability Services

Topics regarding layoffs at Sungard Availability Services

Sungard toxcity slowly poisons 11:11

The acquisition of Sungard is the downfall of 11:11. Sungard was a worthless company as far back 2015. They debtors should have forced them into Chapter 7. The people who stayed at Sungard for 10+ years were there because no one else wanted to hire... — read more 

Moving to 11:11 and 365, bad move!?!?

Lots of Sungard people taking positions with 11:11 and 365 who bought piece parts of Sungard. I have seen this so many times in the past and history has a way of repeating itself. Those SG people took positions these companies already have people... — read more 

When does the sign come down?

So, when is the official last day for Sungard Availability Services? Everyone is posting their new jobs 11:11 and 365. Good for the survivors. Even HG got a nice kushy title. So, when is Sungard no more?

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| 2010 views | | 5 replies (last November 8, 2022)
Post ID: @OP+1jxRsqpy

Goodbye Sungard AS

I have spent most of my career with Sungard AS. Lots of ups and downs but what an amazing group of people I worked with over these many years. Even as we close facilities, the people impacted were as reliable as they always were and did everything... — read more 

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| 2684 views | | 6 replies (last November 15, 2022)
Post ID: @OP+1jqJZu2u

INCREASE OF HOURLY RATES OF PROFESSIONALS

You'll be glad to know that while many are existing on the scraps left of SGAS, our friends at Jackson Walker LLP are getting increases in their hourly wages, some to the tune of over $1000 an hour. And you thought you were making decent money... — read more 

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| 1700 views | | 5 replies (last October 19, 2022)
Post ID: @OP+1jaQNc1l

SGAS dead in morgue... waiting for court approval

Once the court approves the sale of RS to the buyer, SGAS will be no more. From the morgue to the grave for burial... I am sad that this used to be a thriving org.. I was one of the original comdisco guys... R.I.P SGAS. Read more from the comm from... — read more 

Well at least somebody made money in this fiasco

Sorry that you may have missed the croissant, magic/puppet show, and movie night in Bryant Park (or perhaps even my gfs "endowments"), but somebody has to make a profit off of train wrecks like this. Our good friends at Akin Gump Strauss Hauer & Feld... — read more 

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| 1684 views | | 3 replies (last September 23, 2022)
Post ID: @OP+1iRzru0r

So, Sungard AS has been sold.

So apart from France and Ireland... Sungard AS is DEAD, no more, definitely deceased, this is an ex-company. kicked the bucket..

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| 2140 views | | 12 replies (last September 23, 2022)
Post ID: @OP+1iPhXFOA

What happened to Sungard???

How does a company, the likes of Sungard, fail??? This was the de facto disaster recovery company!!! I worked at Sungard during the prosperous years. Retired nearly 10 years ago. Made a very good salary for a good number of years. When I was... — read more 

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| 2322 views | | 5 replies (last September 17, 2022)
Post ID: @OP+1iE9f8dm

I just became less productive

I use Microsoft Teams on my phone and tablets a lot but that's blocked now so I can't do that anymore. I guess people just won't get replies now ¯_ (ツ)_/¯ I refuse to install the corporate spyware on my personal device to get my functionality... — read more 

The Debtors Cancelled The Auction Sale...

The Debtors Cancelled The Auction Sale...with respect to colo, network, and workplace. The rest (sale of the remaining) is adjourned to a date yet to be determined. Case 22-90018 Document 532 Filed in TXSB on 07/29/22

Microsoft comes knocking for its money

Regarding Licensing Agreements Case 22-90018 Document 489 Filed in TXSB on 07/12/22 You can pay nearly a quarter million now (before 9/26), or well over a half a million later.

401K funds under the Vanguard plan

Whether one decides to leave their 401k funds under the Vanguard plan that Sunguard has in place or not. My question is in light of the bankruptcy and financial instability are those funds protected since they are under the employee and/or former... — read more 

KERP payments being increased to 35K avg

Due to rapidly increasing attrition rates "higher-ranking employees whose knowledge of the business and managerial skillset would be extraordinarily difficult and costly to replace at this point in the chapter 11 cases" Ya think? The number of... — read more 

The Auction Sale has been moved to August 1st

If you're at Bryant Park on the 1st, they'll be a magic show in the park at the same time the action sale begins. Hopefully the 'magic show' going on in the office tower above the park doesn't make one's livelihood disappear!

Confused by Bankruptcy Notices

Hi there. Its been nearly 4 years since I left SunGard. I was a longtime employee prior. But I keep getting these court notices in the mail about their bankruptcy. Got another one yesterday. Not sure what they mean to me personally as an ex-employee... — read more 

Are you included in the KERP?

Key Employee Retention Plan. About 4 mil divided between 121 employees (avg 30K) vesting in 2023. Also, consider what it means if you're not. See Docket 421, dated yesterday.

Want to know how much you're worth?

The deadline for setting the reserve price has come and gone and it determines at what price the powers that be are willing to sell the whole lot for, no second bidders necessary and they won't challenge it with a bid of their own. So how much are... — read more 

ECS, S2D, R2C, MV4DD

RIP to all of these great products! ECS, S2D, R2C, MV4DD, etc. Bonus points if you can translate! Extra credit if you think of others!

To The Valiant Few Remaining

To the valiant few remaining. Not so much to the hangers on, like deer in the headlights not knowing what to do. But to the bold, brave, knowing their potential fate, and still embark on a likely unrewarded task. Commend your efforts. You hold this... — read more 

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| 1752 views | | no replies yet
Post ID: @OP+1hoVenql

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