Thread regarding SS&C Technologies layoffs

SS&C/DST - Kansas City got hit AGAIN

Good grief, there's not going to be anyone left to service the clients Well, the clients leave and there's no need for the rest of us.

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Post ID: @OP+13FYdMqh

30 replies (most recent on top)

It's doomed. They new "CTO" is just a hack trying to make his name. They're gonna rewrite the pharmacy platform - lol.

He's only looking to polish up this t–d long enough to build his resume and then run. Ssnc will be left with a jalopy and the customers will be left with empty promises.

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Post ID: @1cqec+13FYdMqh

I heard there is a Humana buyout coming because Humana knows we have nothing new to offer them. I was told by someone in client management there are other top clients leaving. The new President was fired by IBM cast off and MP was sleeping with his direct report for a year before they were forced to announce they were married. Hired a bunch of east coasters to lie to KC employees but the crash is coming.

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Post ID: @1ceff+13FYdMqh

How long do we think the Health and Pharmacy side lasts? I couldn’t tell you what MP was doing at the company the last 6 months.

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Post ID: @9sxe+13FYdMqh

Palmer has left the building. “Mutual agreement” according to the announcement that went out yesterday.

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Post ID: @8wmj+13FYdMqh

I would gladly take a layoff package. Promoting a hostile workplace and bulling are encouraged and praised by management.

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Post ID: @5wjp+13FYdMqh

The remaining clients on the health side are livid.

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Post ID: @5wkv+13FYdMqh

I am in the Birmingham Alabama office and saw them Monday walking one of our most knowledgeable key individual to the door and later saw them cleaning out his office. We could not believe it. This individual has kept the organization going as other people in Birmingham fall all over themselves. We watch the senior managers from executive row strut around cluelessly. Most of us in the Birmingham office agree, we are not going to be able to recover from this.

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Post ID: @5rte+13FYdMqh

Many good people were laid off this week. Doubtful if there are enough people left to support the clients. The managers and directors left in Birmingham are basically a joke.

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Post ID: @5qea+13FYdMqh

I'm a reporter with the Kansas City Business Journal.
I'm looking for more information on this layoff. Feel free to call: 816 777 2242. You will remain anonymous.

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Post ID: @4mkr+13FYdMqh

Getting laid off from there will end up being the best thing that could happen. People will find out how underpaid they were.

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Post ID: @3txq+13FYdMqh

I have been trying to tell a relative that works for the company that this day was coming. Whenever there is a take over there are massive layoffs. The health and pharmacy side is weak at best as it pertains to their competition, specifically since they are losing Humana in June. Put those resumes to work people!

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Post ID: @2uaj+13FYdMqh

Wow, s—s to hear! But honestly, it’s been a sinking ship for years so maybe it really is a blessing in disguise. The company keeps their share prices high through acquisitions. From the outside the company looks fine, but internally, it’s a sh–show. As one commenter said, those that got laid off have the opportunity to find something better because let’s face it, SS&C is far removed from being even considered a good workplace. 8 out of 10 people that disputes that have probably drunk too much of the kool-aid, and the other 2 people knows the truth and are just watching those 8 people lie to themselves and everyone else.

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Post ID: @2orp+13FYdMqh

MP is still there. Go figure.

Pharmacy and Health both got nailed. the new direction is to rewrite the system in 3 years - what a joke. They're gonna try to support the customers (what's left of them) with a skeleton crew and reorg the whole thing into "agile team". Get your popcorn, this is going to be fun to watch.

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Post ID: @2viq+13FYdMqh

Where can I read about this announcement? Can't find it anywhere on the internet

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Post ID: @1vpq+13FYdMqh

Who got hit hardest healthcare or pharmacy. Is Palmer still there? What directors are having to answer for poor model

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Post ID: @1fef+13FYdMqh

Anthony Caiafa is a total liar who was dishonest from day 1 and was responsible for several lay offs(YKT) Rahul is a piece of trash as well, didn’t pay bills and threatened lawsuits to make it go away. Hope to see them at about $15 a share!

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Post ID: @1fhr+13FYdMqh

10 years on the pharmacy side of things for me. It's been a mess for awhile, but knowing several who were laid off in 2018, and some from yesterday, the silver lining is they no longer work for a company which is rudderless. I happily departed in 2018, and landed squarely on my feet. Hoping for similar results for the ever-growing list of DST alumni.

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Post ID: @1auk+13FYdMqh

Explains the big push in pharmacy to cross train for healthcare.

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Post ID: @1sft+13FYdMqh

They even got some of their new hire execs. Stoneman is a drunk mess. Can't wait to see this house of cards fall.

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Post ID: @1kma+13FYdMqh

It's clear that Bill Stone isn't as invested in the healthcare side of the organization as he has stated. This became crystal clear when a large portion of the IT staff was laid off. Oddly enough, the healthcare side of the business has hired several new people and since mid-December. I hope that those who have been directly impacted will find better jobs with an organization that has a more stable workforce. At the end of the day, it's all about money and well all know that Bill Stone is all about profit. Nobody is safe.

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Post ID: @1agl+13FYdMqh

32 years, kaput. The names I’ve heard so far are all people with 20+ years at the company. The avg age of the lay-off will be significantly skewed relative to the company average. Some really good people too.

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Post ID: @nbj+13FYdMqh

My spouse got laid off after 20+ years with DST/SS&C in Kansas City today just a bit ago. There is NO company loyalty any longer. But perhaps it is a blessing in disguise.

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Post ID: @dtq+13FYdMqh

Health solutions appears to have had massive reductions. I am not sure of who is left but I do question if they can continue operations from what I have learned. I have to believe that pharmacy is filling the gap.

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Post ID: @vjn+13FYdMqh

Took a sick day... Thank god I was home since I ride the bus. Just got laid off. 10 years with DST/SSC... Thanks!! effers

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Post ID: @ebp+13FYdMqh

Birmingham was hit hard today. Best of luck to everybody!

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Post ID: @sbj+13FYdMqh

Of the names I’ve heard so far, I’ve worked with a few of those folks. All of them are good people. Best of luck.

In the long run, all the folks that have been let go the last few years may ultimately be in a better place than those of us that are still hanging around.

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Post ID: @fom+13FYdMqh

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