Thread regarding Sungard Availability Services layoffs

My heart goes out

I am sorry for everyone that has been affected by this round of layoffs. I know it was unexpected - it is always unexpected when you are the one who has been impacted. I wish all of my colleagues who survived nothing but the best and I hope others like me will be able to bounce back from this. As for the company itself, I’ve got you in the rear view mirror and trust me - I won’t be looking back.

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Post ID: @OP+18msT6XX

12 replies (most recent on top)

Dear "From a former Sungardian's perspective". Thanks for sharing your uplifting story about your new opportunity. I would love to know who you went to work for as those benefits seem unreal. 10% 401k match, that's unheard of these days?

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Post ID: @5ful+18msT6XX

SG is a management company. If you want to move up you go into management. Technical folks will get so far but at some point you have to enter the management realm to move up. If you're not in management then you will always be a tier1-3 worker. Tier 4 feels entitled but in the current landscape they are going to get absorbed into a lower level technical tier - their title won't change so they will always feel accomodated. Technical people are not valued at SG. Director level or above is the key - otherwise, all bets are off.

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Post ID: @4mgn+18msT6XX

To those hanging on, don't stay too long - you'll get hard. I'm a hard worker and I've been hanging on for quite awhile but at some point, when no one cares, you start joining the crowd - you'll just pass the buck like everyone else. Don't get to that point. These posts about the grass being greener has made me realize there are companies that want passion. I've had that passion but it's getting really difficult. New management doesn't even talk to its employees which only reinforces the posts I read about vulture capitalists. The folks who've been on this gig for 10+ years - time to get uncomfortable because I don't SG is solvent thru 2021.

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Post ID: @4nih+18msT6XX

From a former Sungardian's perspective: I was laid off in January 2020 before the pandemic from DCO and thought I couldn't find a better job. Thought SG was the best I can get for a man of my age, was totally flabbergasted that I was picked by a larger firm to work remotely. After wallowing in despair, not too long, I started to reconnect with collugues that had moved on. Long story short, a gentlemen older than myself retired to FL and now I have his job but better than SG pay and benefits. I get paid 2.5x SG base pay with full health coverage, stock options, company credit card with free lunch every Friday, 10% 1 for 1 401k match and so much more. Guys the grass is greener out there. You have to make the first step to leave. Fire SG!!

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Post ID: @4jgx+18msT6XX

The road ahead is brighter than you realize. When it happened to me a while back I was surprised because I was naïve and thought they needed me. I then realized that people are let go from there for one of two primary reasons. They are either chosen because there is a mistaken belief someone else can do the job as well (overused word redundancy) and they can save you salary or their manager thinks someone else on the team is more important to their success. Notice I didn't say the team's success. That's why you have probably shaken your head over past layoffs because the best people seem to be let go. The days of teams are pretty much over. It will soon be everyone for themselves if it is not already. Once in a while it is because managers take advantage and get rid of people for whatever petty reason so they don't have to go through write ups, PIPs etc., but most of the time it is for one of the two listed above. You are going to find something better. Honestly, it is hard not to do. I promise some day you will look back and realize they actually did do you a favor.

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Post ID: @3wnf+18msT6XX

Yeah ... you can”t have a turnaround when all you do is cut staff which leads into p-ss-d off clients ... the clients are affected negatively each and every layoff ... it’s embarrassing

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Post ID: @3jjv+18msT6XX

Sungard turnaround? Lol that has been the talk since 07-08.. never happened.

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Post ID: @3aqv+18msT6XX

@1uit+18msT6XX Ditto, everyone else get out quickly. Capital is evaporating as the vulture capitalist seek to pad their bottom lines and bonuses. What everyone is seeing is the result of the SG leadership team strung as the vulture's puppets to fulfill their goal. That goal as you all can see are the endless layoffs, assets sale, network outsourcing, ending service desk and so forth.

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Post ID: @2rhn+18msT6XX

You will come out stronger. I know that sounds hollow now, but you’ll see. It will be true as time moves on. Speaking from experience.

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Post ID: @2fkq+18msT6XX

The thing to keep in mind that a lot of the time it really has nothing to do with your performance or how good you are. Your just an expense, a line item that needs to be removed off the books.

And your manager will be offering up names or at the very least having to defend/accept names presented to them. It’s nothing personal. They need to secure their own position for as long as possible as they are desperately aware that a lot of the time they are used to carry out the dirty work, and then their name also magically appears on a list.

Bad place to be when you have to secure your position by getting rid of others .

For anyone still accepting this delusional idea that there is a turnaround; well good luck with that.

For everyone else. Get out. Quickly.

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Post ID: @1uit+18msT6XX

When it happened to me, I was not surprised. That being said, even though I had been expecting it because of how poorly the business was going, it still hurt my pride. Being a hard worker, I wondered if I could've done more. So yeah - it's tough no matter what.

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Post ID: @wxr+18msT6XX

You always know it's a possibility that you are next but always a shock when it does finally happen.

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Post ID: @dxu+18msT6XX

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