Do not post here any more - the company does not exist any more - post at https://www.thelayoff.com/sungard-as

The story of SunGuard

heard whispers in the exec suite that there might be staff reductions in a drive to improve margins. as you all know they have been taking a beating due to competition and price cuttings. The only way to improve margins is to reduce personnel costs... —  read more 

Sungard continues to cut American based jobs. Moving more and more IT support to overseas support in India and Costa Rica. Customers continue to complain about a lack of good support and rapid response to critical issues. Solution? 3rd party and... —  read more 

Down to a skeletal crew in this former division, now stand alone company - Sungard AS. Hundreds of jobs sent to India, now Costa Rica, for cost savings. Some people still awaiting their "packages" but moving to a "global" model. Heard about 138 laid... —  read more 

The company is known for massive layoffs every year, typically in the fall and early winter. The financial services business just started laying off a slew of its employees globally. The company is not doing well--do not invest or apply for a job... —  read more 

Any truth in this?

I heard that there are reorg plans which include massive cuts to internal resources

Keeps going downhill, greed, greed, executive greed...

Execs are clueless - execs promote people into positions that do not have the expertise which causes serious lack of quality. Decisions are based on very limited knowledge. Also, many execs are disrespectful to the employees and treat their teams as... —  read more