SS&C is known for acquiring companies, moving any existing work out of the country, laying off their people and taking all of their assets. This is a terrible practice that dissolves American companies and destroys jobs. The CEO of SS&C and the board members should not be allowed to do this. They have done this over and over to many companies.
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That’s stupid.. most companies acquired retain most of their employees. It’s business! If shut down would put a lot of people like me who worked in the same place for decades out of work. Not a lot of companies like this you can fully work from home.
They will never get any of our business either. We finally migrated away from them and their outdated software. It was the best decision we ever made.
It isnt illegal but they do manipulate and are insincere in their practices. Confident in knowing SSC will never get any business from the company I joined 15 months ago nor anyone else who asks me. Heard they lost 4 of their top health clients. Expect another wave soon
There is post after post all over the Internet about this company and their sleazy business practices. Post on here, glassdoor and other business discussion sites. With this many posts about how a company has sleazy business practices it must be true.
Completely agree. The SS&C organization is not a real company but a stock manipulation organization. They do phony acquisitions of public companies listed on the stock market to attempt to raise their stock price. SS&C seems to be a master at this. This practice is easy for companies like SS&C when the CEO’s and C levels of the companies they target to acquire have golden parachute options to get out and sign over the assets to a company like SS&C. The C levels get golden parachute cash outs and a company like SS&C gets the rest of the cash and assets. Companies like SS&C have no intent of running the organization they just acquired of do they have the knowledge to run it. Their intent is to pull
Everything out, cash it out, then move on to their next victim. It looks like on the surface they are growing but they are not really. The people at the top of the organization are just putting cash in their pockets and do manipulation of the stock market.
You are on the right track now. SS&C is a criminal company. What they do in organized, manipulation and criminal. This is a layoff site but they do perform and promote layoffs. What they do is much more involved resulting in layoffs.
Acquiring companies with the intent of pulling out the assets, laying off American workers and intentionally damaging economies in specific areas is illegal. The intent and planning to cash out the companies has to be proven. An established pattern of doing this is proof. SS&C is definitely guilty of this.
They have been investigated by the SEC for their business practices. This needs to be looked into more throughly as they move work out of the country to supposedly get the work done cheaper (India and China). This speaks for itself the kind of organization they are.
SS&C needs to be exposed. They use loop holes in business laws to make money. While what they do is not illegal at the present time it is definitely unethical and immoral. Acquiring companies and creating job loss is a practice that needs to be exposed.