Thread regarding Sungard Availability Services layoffs

Merit Increase over/under

So how much are we getting?? My money is on 3%. If so, it will be my largest increase in about 4 years. However it will still result in 5% pay cut based on the current inflation numbers.

by
| 1591 views | | 7 replies (last )
Post ID: @OP+1gEurNyO

7 replies (most recent on top)

Your raise is coming because they will be laying off the person to you left or your right. You'll be picking up their responsibilities. Did you think LT truly care about you with no strings attached? LT and shareholders are looking for a profit from their investment (your raise) while at the same time saving money. 🤑 💰

by
|
Post ID: @9jph+1gEurNyO

Expect nothing, and if you get anything it will come as a pleasant surprise.

by
|
Post ID: @uml+1gEurNyO

@iht
@zpg

These two must be in RS, so I'll type slowly and use small words - KG sent out an email saying how the raises (no matter how small) are going to happen.

I hope I interpreted this well enough. This site doesn't have a 'crayons' feature.

by
|
Post ID: @opp+1gEurNyO

Wonder if you heard the news yet that SGAS filed for its 2nd Chapter 11 in 3 years. Raises are going to be 0%. In fact the only thing you should count on is layoffs with no severance pay. Have to face reality.

by
|
Post ID: @zpg+1gEurNyO

Auction to sell the company takes place in NY on July 11th with any bidders required to state whether they will offer future employment to ANY of Sungard’s employees.

The answer to that question could be no.

So any increase could be rather short lived.

by
|
Post ID: @tct+1gEurNyO

SGAS is in its 2nd chapter 11 in two years….cuz it’s a failing business model. There aren’t going to be any raises….

by
|
Post ID: @iht+1gEurNyO

Post a reply

: