Thread regarding Sungard Availability Services layoffs

The end is nearer... Closer whatever

Someone the other day posted this. 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.

If there is no company. Or a change in who owns it. Leadership can promise a pony or whatever they want. None of it matters untill we are out of bankruptcy on July 21. Unless they come back with guarantees. I see people jumping ship. Talk is cheap. Remember all the people talking already have guarantees. It does not matter to them. Win lose draw they all get paid. You do not .

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Post ID: @OP+1gP3ZbAJ

6 replies (most recent on top)

The old model of selling power, price per circuit served SG well until it did not. Most modern contracts with wholesale providers typically pass the power down to clients at cost plus a percentage. What SG did well in the old days certainly has become it's double edged sword. The company is too busy milking out money for it's shareholders that it lost sight in keeping up with industry trend projections and moving out of doing things the old way. Once you're in servitude to debt you're screwed.

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Post ID: @3bxe+1gP3ZbAJ

Who the F-c* stays for a 2-3% merit increase when you can go easily get 20% in the open market.

Peace out SunGard!

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Post ID: @2vpi+1gP3ZbAJ

Guys, the merit increase is just a carrot dangling in front of you, intending on leading people and convincing them of staying onboard and not jumping ship.

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Post ID: @1oby+1gP3ZbAJ

It's like riding a wave that's about to crest and you either jump off before it does or wait to crash and burn! Even if you make it to shore you might still be jobless in the end.

There are no guarantees.

Would like the pony though. Might need it for food!

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Post ID: @tmq+1gP3ZbAJ

B-but-but Dr. Phil said everything's gonna be alright! Customers are paying the extra-contractual money we demanded!

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Post ID: @bos+1gP3ZbAJ

Oh I’m sure you can squeeze out a few dedicated workgroup deals to keep things afloat

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Post ID: @ysg+1gP3ZbAJ

And executive bonuses were likely paid out just before the filing. That’s how it normally happens.

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Post ID: @nll+1gP3ZbAJ

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