Thread regarding Sungard Availability Services layoffs

How’s the employee morale?

It was terrible when I left 2 years ago ... can’t imagine what it’s like now ... what kind of Positive BS are they trying to spin these days?

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Post ID: @OP+15v6YdXn

21 replies (most recent on top)

Probably ellios and Tyson chicken nuggets for the holiday party this year

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Post ID: @kxdi+15v6YdXn

Probably ellios and Tyson chicken nuggets for the holiday party this year

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Post ID: @kxil+15v6YdXn

Looks like another 10 people have been RIF'd. Will the last person out turn out the lights??

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Post ID: @dqtt+15v6YdXn

@8seq+15v6YdXn

A significant amount of the low morale can be directly attributed to that individual and his minions who, during the past 3 years, have made the work environment miserable for those employees in their reporting chain while also contributing nothing to improve client retention.

Most toxic work environment I have ever had the displeasure to work in.

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Post ID: @chds+15v6YdXn

Agree with SGAS being the strangest company to work for. I always described leadership culture as extremely passive aggressive.

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Post ID: @8pwk+15v6YdXn

Town Hall less than inspirational. Would have been better if someone from Unitas spoke, but then again expectation levels are in flux. WOW another Vendor that will get beat-up....go figure.

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Post ID: @8shh+15v6YdXn

@OP+15v6YdXn – i too left around 8 years ago; this is when we were making the big push for enterprise cloud (which really wasn't cloud but hey whatever). RS was still king although there were reps that made their careers off of adding and resigning contracts. The strangest company I ever worked for. So glad I got out. Saw that a former friend of mine started there last year – I almost want to reach out to him and say "holy c-ap, why?".

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Post ID: @8bzo+15v6YdXn

YdXn - that is a perfect analogy of the SGAS operational model... convoluted set up leveraging 20 year old technology....

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Post ID: @5rfm+15v6YdXn

Turn out the lights the party is over.

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Post ID: @5bmx+15v6YdXn

I connected my laptop to my trusty Sony Trinitron 32-inch FD 480p 4:3 tube TV and the All Employee Update intro video looked crisp. Highly recommend this approach...

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Post ID: @5geh+15v6YdXn

@5szh+15v6YdXn

Ha! SG is hardly a technology company, at least in it's latest form. Nothing left but hosting and some DC ops personnel to break down all the gear for bailing customers. Everything else outsourced to cheap (incompetent) "engineers".

Your point still stands though. What kind of company, in any sector, can't produce decent content for their CEO to "rally the troops". Sad and embarrassing.

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Post ID: @5emc+15v6YdXn

Being a technology company one would have thought the recent MR videos would have better quality. My kids Zoom sessions are far superior. We must be using bandwidth from Unitas.

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Post ID: @5szh+15v6YdXn

YdXn - You are 100% right. What is unclear is how the new owners make money at this point. They specialize in buying distressed assets ( eg SGAS) and sell off piece parts to recoup their investment. They are not here to build anything, they want their money back......

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Post ID: @1qnj+15v6YdXn

Andy Stern Susan Lynch and crew pulled off an epic heist, in plane sight may I add.

They raised a bunch of cash to service the debt, albeit at super high interest rates and gave away seats on the board. This was also perceived as a ridiculous move for SG. However, it’s not ridiculous if they had no intention of paying back the new loan in the first place.

When it was time to pay up, they made it desperately clear that wasn’t happening.

Swapped out the new debt for shares and ownership of an already deep in the demise company to the now new owners.

They got their healthy multimillion dollar severance payouts and handed this dead dodo over the the new management team.

And this was after they had pulled a similar scheme during the sale of Sungard Datasystems to FIS, where they dumped all of their debt onto Availability Services and pulled all the cash out if Availability Services for good measure.

Slick. This has never been about building the company .

Destined to fail as it has now been rinsed dry.

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Post ID: @1cgq+15v6YdXn

I left 8 years ago and RS was hemorrhaging customers back then. We didn’t have any delusions. Anyone with a brain at the time new stuffing MRP, R2C, eVault, Netapp, Data Domain and the rest of the garbage wouldn’t Be enough to plug the margin gap of losing hot site. Andy Stern and private equity guys knew this was coming, but also realize the level of investment required would never pay back.

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Post ID: @1ixx+15v6YdXn

Dr Phil sounds like someone hanging on by a thread .... have fun buddy

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Post ID: @1ohp+15v6YdXn

Tribalism and zero collaboration between teams to include duplication of efforts.
Since there is no defined direction there's very little initiative by employees to do anything aside from maintain operations.

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Post ID: @1fer+15v6YdXn

OPG - this is your time to shine. Lay some of that jibber-jabber on us that you are famous for and walk us thru how this is the path to a google like model.

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Post ID: @jzq+15v6YdXn

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