Thread regarding DST Systems layoffs

How much has SS&C harmed DST?

Sometimes I wonder what would be the situation in this company if that acquisition hadn’t happened?

I came in here after the acquisition, but some people who were there even before it happened told me that everything went downhill after the acquisition. I love listening to stories about how it all used to be from older employees who are much longer in this company.

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Post ID: @OP+1ai0PDgq

7 replies (most recent on top)

Let's reminisce about the good old days at DST...you know, where a bunch of mediocre Midwesterners who had dt employee numbers under 100 got awarded huge stock options that made them rich in the tens of millions of dollars. Boy, those were the good old days! And remember the two Toms, who were like the Duke Brothers from "Trading Places"? One of the Toms had an automatic carwash installed in his home garage. And meanwhile, the average DST working schmuck made $60k/year and thought they had won the career lottery because they had cheap healthcare and 6 weeks vacation simply for squatting and gobbling in the same cube for 20 years. And those wage slaves would then bow at the feet of the two Toms for giving them a generous $25 gift certificate to the Plaza each Xmas and also gave them and their family a free night at Worlds of Fun each year. Well, they canned Worlds of Fun night (DST Associate Appreciation night) after a bunch of drunk programmers wrecked havoc at Camp Snoopy and one took a cr–p by the Snoopy statue. And then they canned the overly generous $25 Plaza gift certificate. But the DST working mules still drank the B.S. DST Kool–aid that we were one big happy family and that this was a place you could work your entire career (while earning pathetic, cuckold wages and made the upper tier of DST executives extremely rich). Hooley sold us all down the river for his $39 million exit package to the SS&C vampires. Anyone who still works at DST in 2021 needs to look in the mirror and question their worth in life. Why stay at such a cr–––y place? I guess some people like the abuse and need that level of S&M in their work life.

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Post ID: @epsq+1ai0PDgq

Do clients really still believe this company will be capable of supporting them ?

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Post ID: @2ovn+1ai0PDgq

It is past time for CMS to become involved with this company. Healthcare Insurance companies are still using the DST software products to administer healthcare insurance claims. There are really any knowledgeable people left at what was DST to support these insurance claims processing products. Why do the insurance companies not seek other organizations to support them ?

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Post ID: @2rpg+1ai0PDgq

It is hard to understand why people are still working for this abusive crooked organization with layoff after layoff and terrible support and purposely misleading the few clients they have left. Clients need to understand no truth will come out of this organization. They should not base the we—e of their Healthcare company on this organizations software products.

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Post ID: @2cmz+1ai0PDgq

Dst Systems was stunted by purely employing local residents in management for decades. Instead of bringing in forward thinking geniuses from other cities, financial hubs like NYC or even the Chicago Merc exchange, its employed mainly locals people. I found them to be mostly unprofessional. I recall a Division Group Manager telling a woman "if you were a man I would punch you in the face" after she made a mistake. Truth be known, many secretaries and executive assistants did a majority of the work the top executives claimed to do. Example: Consider the fact that DST was basically in the investment funds business for decades, yet allow Valiant Pharma to be a huge part of the employees "retirement plan". Now if DST's business was making bricks, food, or selling real estate I could understand it better. But they have always been in the mutual fund diversification business. They saw the allocation reports. They approved the allocations, until they lost money on Valiant. No further proof is needed to prove my point of poor management.

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Post ID: @1ful+1ai0PDgq

Who are you to talk - you must have been an under performer

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Post ID: @1qpb+1ai0PDgq

Wake up! " How much has SS&C harmed DST?" Well DST mistreated their employees long before the sale of the company to SS&C. DST started "replacing" their local Kansas City staff with off shore programmers in countries where the pay rates were about 75% cheaper than Missouri. Also DST had been stingy with obtaining promotions and raises for decades. Not even discussing a career path plan with even the employees with master's degrees - it was work a whole bunch of extra hours and maybe someday you will be rewarded. Not to mention the verbal abuse from some managers. Yes I saw people verbally abused for issues with computer programs that were designed and put in service by other people decades before! And the Rockhurst favoritism, and edge of getting ahead if you were Catholic was downright discriminatory. Now if you were a female and dating a manager, VP, or executive V.P. life was wonderful with many promotions, easy transfers to the choice departments, private parties and trips to Colorado with the top brass! You people need to realize DST has been a poor employer long before these recent layoffs. There were no golden days at DST.

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Post ID: @wwf+1ai0PDgq

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