Does anyone have a list of teams that were RIF'd on Friday? Anyone have any knowledge of who or what teams might be next? As opposed to companies I've worked for before who were transparent about layoffs, Stern and friends will never communicate the... read more
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Topics regarding layoffs at Sungard Availability Services
The writing is on the wall here folks, Chapter 11 is likely very very close. SGAS management took a horrendous loan (Market Rate +10%) on 425 Million dollars. Thats probably a 15-16% APR loan or $64,000,000.00 (64M) in interest ALONE annually on... read more
Sorry to see so many good people lose their jobs I wish you all the best thank god it’s a good economy
Sungard is the place to be innovative products good management team, strong sales and marketing team in place. There are too many whiners here do the job and yoy will be rewarded out the time in and Be a winner not a whiner like Lost of the people... read more
Confirmation of the reason for fiolettsk.rus, or signs of more to come?! /
Sungard AS needs to realize the American worker has had enough of outsourcing. It is not the "new industry norm". /
Please post below.
It was announced today that the SVP of Global HR has given his resignation after a 9-year tenure with the company, effective December 1st. This another member of the senior leadership leaving and joining the mass exodus of VPs, SVPs, and Executives... read more
There were many rumors about major Sungard layoffs in October, but with a few days left in the month, what I saw were only sporadic people being let go here and there, nothing on a larger scale. Did I miss something and my location just got lucky, or... read more
Supposedly, fiolettsk.rus begin this week (of October 9). That's the buzz here in HQ, and morale is really low. A big portion of sales will be targeted. Sadly, they have nothing to really sell because the products are slow in development and unstable... read more
Customer support is imploding. Good support staff have been laid off and replaced by low quality workers in far away places. Yes, there's nothing like great customer service when the support reps answering the calls are incapable of helping customers... read more
Rampant rumors across the organization, especially within the sales team are saying that MAJOR layoffs are coming very soon, probably early October (if not sooner). The Sales, Solutions Engineering, and Architecture teams were crucified at a recent... read more
Signs of collapse (and by no means is this a complete list): HR eliminated the long-standing policy that allowed employees to roll over vacation hours into the next year. Long-time customers leaving in droves as if Sungard AS is some kind of... read more
Despite the 75 RIF'd, this month, I'm expecting a SIGNIFICANT GLOBAL (US and UK) RIF very soon after September 1st, maybe right after labor day. CEO has scheduled all-hands meetings for early September, most likely to explain the RIF and continual... read more
In the first week of August, 75 employees in the US were whacked. The rumbles I'm hearing is that more to happen for the rest of the month. There's no question Sungard AS is dying. For five years, sales haven't met its target. These are unrealistic... read more
More significant layoffs of US-based Operations teams are coming in August 2017. 2nd quarter numbers missed the mark so heads must now roll. The move to low-skill / low-pay resources in Costa Rica and India continues so management can make the... read more
I have no idea why the CEO has been in power for such a long time, worse CEO ever! He has completely destroyed the company it's either heading for Chapter 11 or it's going to lowest bidder, if it's lowest bidder the CEO and his board will at least... read more
Just heard there were more layoffs on April 3rd. Off-shore only? Any one have any details?
Wouldn't be surprise with the losses and dismal sales in 2016 if they don't go for the lowest bidder or go bankrupt. 99% of all customer support - RS, MS, Hybrid - headed to either Sungard AS employees in India or a contractor in Costa Rica.
Management has been there for a while now training to take over the coordination of Recovery Services, including large RaaS accounts. Not sure how that's going to go over with many clients as these are not employees, but contractors. Already lost... read more
Since the company switched to being private, the Executive Management has had to realign their core values. So, now it appears that their primary goal is to generate a healthy cash flow for the equity investors - this is taking place the expense of... read more