Thread regarding SS&C Technologies layoffs

There is another Layoff coming in April

Looks like this last layoff was about 300 people for DST. For the people left that did not get hit in this layoff, there is another one being planned for April. As the DST Senior Management stands up and says, "there will be no more layoffs, this is it" another layoff list is circulating for the next hit in April.

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Post ID: @OP+13JYJdpO

25 replies (most recent on top)

I am surprised that more supervisors has not quit since the first of the year two of our best supervisors quit and one laid off. Their team members spread out between the ones that are still here the whole company is a joke and what really makes me mad is there trying to hide it especially since humana's leaving I mean it was in the news you can Google it yet they will not discuss it or tell you about it they purchase their own PBM the only extended their contract with us long enough to get things set up

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Post ID: @Sxex+13JYJdpO

Apparently not cuz it's almost May and still no April layoffs

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Post ID: @Ssoh+13JYJdpO

Since the SS&C acquired DST, it was immediate things were going to get worst. The morale at the company went to hell. We operated daily on dishonesty which affected morale. Our customer service department literally ended up a skeleton crew making it difficult to meet client service levels. We were taking on new clients with no additional headcount. The pay is horrible for the Customer Service representatives for the amount of work and stress they have to endure on a daily basis.
I refused to drink the Kool-Aid and happy I left. It's my hope that one day it will get better, but not looking good at this point. This company does not care about the employees, only the bottom line.
Soooo happy I left!

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Post ID: @ebpk+13JYJdpO

Does anyone know if people in the call center will get laid off or are they too cheap to pay us little people severance package and just wait for us to quit

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Post ID: @bykg+13JYJdpO

This should not be suprising to anyone. Stone only knows three business tactics acquire, sell services, reduce. To the naked eye ss&c stock is an unbelievable buy, it should be above $80. Upon closer inspection one will notice a constant cycle of complete inability to grow. A company showing a track record of reduction with no period of growth is a company smart investers want nothing to do with.

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Post ID: @6dra+13JYJdpO

With the clients canceling their contracts, the April layoff will be around 300 more individuals. The severance package is only 2 weeks total, not 2 weeks for each year of employment. There will only be a skeleton crew left to run the show. The folks are lucky they were let go when they were.

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Post ID: @6ajo+13JYJdpO

Management working in the call center and things are horrific. We can't meet our clients goals and there is no light at the end of the tunnel. It was bad in the DST days and is terrible now. It's clear that Stone has no intention for investing to meet his clients need.

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Post ID: @6dee+13JYJdpO

Severance package is horrible. 2 weeks.

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Post ID: @5bsk+13JYJdpO

What kind of lay-off packages are people getting?

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Post ID: @3psj+13JYJdpO

I am part of the SS&C/DST Executive team & there are plenty of layoffs scheduled the rest of the year targeting lower management.

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Post ID: @2ivr+13JYJdpO

I work as part of the DST/SS&C management and can tell you there are plenty of layoffs due for the rest of the year. No one is safe as the decision is not on the worker it is purely down to cost.

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Post ID: @2jhw+13JYJdpO

As for ALPS in Denver.... I heard they are done. Especially after the DOW sinks to 16k

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Post ID: @1ffh+13JYJdpO

Healthcare is about to get turned upside down when Bernie takes over.

Big shift happening as the economic collapse has just started.

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Post ID: @1uxl+13JYJdpO

If they are dissolving, why are they taking on new clients? I would think they would stop sales, it takes a lot of money and effort to put these clients on a system. It also can’t just be shut down, Healthcare does not work that way. It can take over a year to transition clients.

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Post ID: @1eoi+13JYJdpO

What about ALPS Funds in Denver???? I heard they were safe.

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Post ID: @1vox+13JYJdpO

We talked to people who saw the two lists. One for February and another for April.

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Post ID: @tsk+13JYJdpO

Health Solutions side is being dissolved. End date 09-01-2021.

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Post ID: @zhh+13JYJdpO

Are there enough people left on health and pharmacy side to even function?

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Post ID: @cvg+13JYJdpO

How do we know there were two lists?

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Post ID: @fjo+13JYJdpO

Management is telling us all is well. Its like standing in front of an on coming train and them telling you there is no train then the train hits you.

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Post ID: @ooq+13JYJdpO

The people remaining keep drinking the koolaid and listening to the lies of management.

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Post ID: @noy+13JYJdpO

You are right. There were two lists. One for the layoff that just occurred and another for April.

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Post ID: @tti+13JYJdpO

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