Thread regarding Sungard Availability Services layoffs

More layoffs coming to Sungard AS

If you were thinking we were done, think again. I'm not sure if it will happen before the end of the year, but I'm positive more layoffs are coming. And I'm not talking a few people here and there, I think we are looking at another major round.

Just ask around the office, I know I'm not the only one who believes this.

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| 4077 views | | 16 replies (last )
Post ID: @OP+11goqwbq

16 replies (most recent on top)

Quick question to the team, or to anyone who might hired a lawyer…. Doesn't SungardAS have to give 60 days notice by labor law (WARN) to all employees being laid off? I am not sure why this is not discussed among people who got laid off as no one seems to hear about it.

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Post ID: @1Zmbg+11goqwbq

Will they clamp down on overtime pay, considering the new Labor Law going into effect in 2020 for "Highly Compensted" employees? When they changed most positions in Operations from exempt/salaried to non-exempt/hourly rates, way back when, who would have thought OT payments would be so high, now, with all the RIFs. They may have a loop hole if an employee is already being compensated above the threshold. It appears, that they could treat them as exempt employees. How fun to work countless hours for a salary?

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Post ID: @hpfb+11goqwbq

I agree, dude it is abiut to get much worse! You think we are short now. Just wait until Nov or Dec.. God help us.

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Post ID: @dcyu+11goqwbq

It’s getting into our super busy season ... so glad we are working off a skeleton crew! Great foresight by the LT team ... pathetic

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Post ID: @cyrh+11goqwbq

4cjg .... you must be new to sungard??

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Post ID: @4pga+11goqwbq

We had outsiders years ago come in and “assess” us ... remember the black belts? Such a total waste of money ...... but maybe this outside consulting firm will come in And come to the conclusion that offshoring so many positions was an absolutely terrible idea and sungard will go back to being a US company ... something it hasn’t been for years now

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Post ID: @4wvj+11goqwbq

People are very nervous about this assessment. Having an external firm come in to assess jobs and productivity is not a good thing in a Chapter 11 company. I am all for positivism, but a little realism in the mix doesn't hurt. These people are going to recommend cuts. That is what they are paid to do. The only thing that could possibly and I say possibly turn this company around is to actually develop products customers NEED. Most likely that ship has sailed. I can assure you companies looking to spend big $s look at these boards just as much as former, current and all around disgruntled people. It is due diligence research. Don't tell me if you are job hunting or looking to invest you don't look here, Glass Door, Indeed, etc. The current CTO could have made an impact with the product catalog several years ago and didn't. But, hey, he sure does like custom made suits and traveling... for the company, of course.

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Post ID: @4bpv+11goqwbq
  • 4xvj

Your blind negativity tells me that you are part of the former leadership that could not make a decision or realize the chaos under your nose. Good riddance.

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Post ID: @4cjg+11goqwbq

If you buy that c-ap I have some swamp land for sale. We'll see how positive you are after the 10% cut you fools

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Post ID: @4xvj+11goqwbq

I liked what the new sales guy had to say. Some new ideas and focus on products that are profitable. AB did nothing except s— up to AS.

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Post ID: @3yps+11goqwbq

Lol at buying into
That .. you new here?

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Post ID: @3kgw+11goqwbq

Great All employee call. Finally real people committing to turning this place around!!

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Post ID: @3isa+11goqwbq

At least he didn't say "Blowing Air Up Your Skirt"......lol

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Post ID: @3mnl+11goqwbq

Yeah agreed ... if the customers knew how barebones we were they’d prob head for the hills

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Post ID: @2blo+11goqwbq

Lol .... what the hell group are you in where you feel you have too many people? Many depts are absolutely barebones right now ... and given all the offshoring the people left have to do double the work at some points ... you can’t replace someone that’s been at the company for 10 years with a few “fresher”with no experience ... yeah it’s great you can pay them peanuts ... but the US employees and the customer suffer

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Post ID: @fuu+11goqwbq

To be honest I am not sure this is a bad thing. I joined about 5 months ago from another similar provider. Take it from me the grass is not as green as you think. I am much happier here. I will say I have noticed we have a lot of overlap. 3 people doing what 1 person can do. If we cut in those areas and then direct those resources to other areas where we have gaps I see it as a good thing. I just hope I am not the one getting cut ;)

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Post ID: @lib+11goqwbq

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