Thread regarding SS&C Technologies layoffs

Any news on severance offered?

Does anyone know what SS&C’s severance policy is?

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| 3223 views | | 9 replies (last )
Post ID: @OP+13FNd1v4

9 replies (most recent on top)

I’m somewhat sure it’s 2 weeks pay for every year. I want to get laid off with my tenure it is a big check but they never lay off the little people

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Post ID: @9cnh+13FNd1v4

How many years were you with the company?

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Post ID: @3hma+13FNd1v4

They are paying you the dollar amount of what they would normally contribute to your benefits for 6 months in one lump sum. The rest may be different for different people (some were enrolled in single coverage, some in family coverage). In addition, I was paid 4 weeks pay plus all unused PTO (which in my case was 40 hours). The bonus is not guaranteed and is "at the discretion of your manager". I am not sure how that will work as my manager was also laid off. This part I had a problem with as the "bonus" is something that was earned over the previous 12 months and they are, in a sense, holding it hostage, unless you sign the SEPARATION AGREEMENT, and then and only then, you MIGHT get the bonus.

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Post ID: @3uub+13FNd1v4

The benefits end at the end of February. But the cost of benefits for 6 months is what was given.

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Post ID: @3ibj+13FNd1v4

So are they paying the cost of healthcare for six months or are people covered for six months? I thought benefits ended at end of the month?

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Post ID: @2obt+13FNd1v4

Do they still have to use the DST severance package? If so, when does that expire? Does anyone know what SS&C’s company policy is?

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Post ID: @2ilt+13FNd1v4

What do they mean 6 months benefits? Is that additional money?

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Post ID: @2gnm+13FNd1v4

2 weeks per year. 6 months benefits. No bonus and options were forfeit

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Post ID: @nte+13FNd1v4

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