Thread regarding Sungard Availability Services layoffs

Company performed bad in a great market, how will it do in a bad market?

I'm wondering if the company could not turn around its sales performance in one of the best macro economic periods in decades, how are we going to turn it around in a downturn?

Thoughts?

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Post ID: @OP+13ZPTlh6

8 replies (most recent on top)

this leadership team isn't interested in turning us around, they aren't committed to our customer, they aren't committed to retention. CEO's (very late) response to COVID-19 was a friggin joke. no names mentioned, just cliches and platitudes.

Giggles was awkward, but he rose to the occasion in crisis's and communicated to his employees.

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Post ID: @3vyq+13ZPTlh6

The closest SunGard came to a potential acquisition was when Ensono was looking at buying select parts of the business in specific geographies. Once they had a proper look at the books it was an immediate exit. No one acquires a failing business. Not gonna happen. Exit while you can.

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Post ID: @2iew+13ZPTlh6

Not Happening....they know our history and won't waste their money.

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Post ID: @2off+13ZPTlh6

Can we just stop the pain and get bought by Amazon or IBM or Dell please ?

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Post ID: @2zsl+13ZPTlh6

Small RIF happened today hitting Consulting group.

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Post ID: @1osi+13ZPTlh6

Well we’re already barebones as is ... my guess is offshoring to whichever country we can pay workers less than a dollar an hour ... skill set .... English ability .... has never mattered before ... so why would it matter now

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Post ID: @1lea+13ZPTlh6

The new owners have zero interest in "turning it around", no matter the economic period.

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Post ID: @1vkg+13ZPTlh6

Yes this is going to be a very tough time for all company's but Sungardas will have a rough time getting through this. I see lots of cuts and layoffs coming....no raises in the future and 401k contributions in jeopardy. My guess is layoffs in April. This is just my point of view. I have no inside info just my 2 cents

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Post ID: @xmv+13ZPTlh6

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