Thread regarding SS&C Technologies layoffs

Is anyone surprised? The during my time here I saw whole teams building out useless features for years that nobody used with no revenue potential. All the while the core platform (which brought in all the money) had the worst user experience of any software product I have ever used. How long did anyone expect the Americans to keep throwing money at that?

I agree, those who remain have the difficult task of having to put up with the incompetence of the people mentioned in the thread previously. Some will do all the hard work and be treated the same as the ones that were cut this time. Meanwhile the snakes take all the credit when things go right and avoid taking responsibility when they don't.

As someone who has been part of the resource reduction, I find the personal attacks on people in this forum pretty abhorrent. You don’t know what conversations were had behind closed doors. You don’t know what pressure those people are now under. If they have overstepped, then my experience is that it will find them out. To those who remain, I wish them luck. They’ll need it at SS&C, so having to read attacks from former colleagues on this forum is the last thing they need. Please stop.

Good lord I'm seeing some Open To Works and OoOs today that are incredibly short-sighted: people who deliver more in a cigarette break than most of the "senior" leadership could aspire to. Whose successes are they going to claim as their own going forward now they've removed so much genuine talent? I'm doing the rounds saying my belated goodbyes to them today - some really wonderful and valuable colleagues and I'm not sure we're going to be able to replicate their expertise and dynamism.

Yes, that Hosseinitabar is a snake expert at kissing a--es, taking credit for others work and backstabbing. I don’t think he’s behind this layoff, he likes to make other think that he is important. The exec must know that all his initiatives are duds or laughable, that he delivers zero value and is nothing but a mouthpiece for whatever person is in power. Product has changed leadership many times since SS&C took over, Omid has convinced some that he knows what customers want but it’s all going to land on its face, same as all the things he has ‘delivered’

Jeremy is aware of the hit they will take on revenue this years, he or someone above him has decided to reduce costs, shock the company Elon-style and now we see dozens of people out. It’s just business, nothing personal.

What happened to the "I am Omid" post, that was funny!

Jeremy is telling everyone that the layoff project was all down to his chief of staff, we all know who this is.

They made all the decisions apparently, so you can be sure many of them were motivated by spite and jealousy!

There are comments, suggesting that the posts are from those laid off. It's clear that the vast majority are made by people still in the organisation, and plugging the gaps caused by the decisions and incompetent management that is now in place.

Layoffs of great staff are just a long term symptom of a bad acquisition. Blue Prism needed big investment to let the talent modernise the product and compete with RPA rivals who have 2-3x the headcount. Seems SS&C had no intention of major investment on top of acquisition. I think it will struggle to recoup the cost with a streamlining management approach.

Some silly ideas among management about AI's role in RPA too. AI needs massive data for training but customers cannot hand over the confidential info you'd need to do anything useful, RPA-wise. Rule-based automation is exactly what big corps need to meet their regs and have transparency. Scalability and easy interaction with the lay user are the real problems that need focus. Until someone puts the dollars down to do that then Blue Prism will suffer and keep affecting SS&C's bottom line.

SS&C paid waaaay too much for Blue Prism which had some elements of good and lots of bad (but generally good), the problem has been people (incompetent a$$-ki$$sers) who give steer and direction at the top have no idea how to exploit AI/Automation enough to truly take (BP) to another level.

If you looked at the littered carcasses that have been the hallmark of SS&C you will see a recurring pattern of buy-out and strip (dont innovate) and absorb (DST Systems) being a classic example.

If you are working somewhere and hear that SS&C is taking over your company - run (unless you are thick and have nothing to your name like me, still milking this company for what I can get)

In a semi-competent company, performance is definitely a factor but this isn't the case. Individuals with zero (or negative) contributions are not only safe, they're receiving promotions that do not reflect their performance, contributions or competencies. It's nepotism and political games all over.

I partially agree that there's a lot of fat in the org, but performance was not looked into, this was a butcher chop, not a surgical cut.

The last two comments don’t have it exactly correct. Yes these are financial decisions that every company on the planet faces. When an operating expense target is required, the leadership removes individuals based off their performance and projects that are going away. Performance is the first piece to the puzzle. Every individual is carefully looked at.

But if it helps you sleep at night sure it’s random.

"The complaining on this post is probably a driving reason why you all were on the list."
Not really, it was roles that were made redundant, not specific people, you have no idea what you're talking about

Layoffs are not performance based. They are revenue based. Underperformers get pip'd or fired. Layoffs are for the benefit of the bottom line.

The complaining on this post is probably a driving reason why you all were on the list. Whether it was BP or legacy DST, there are reasons why you are chosen over someone else. If you listen to the complaints people mention sitting back and doing nothing. Why should you have a job over someone who cares about what they do?

And if you didn’t sit back and do nothing what were you actually doing? Did you help change or shift the company in a more positive way? Stop blaming everyone else, it’s mostly your own fault.

Yeah well Jeremy sounds like he's never known the joy of their hard work being able to buy Papa Stone a new yacht

Responding to JeremysRosti: It is rather telling when someones reaction to swathes of their colleagues losing their jobs is apathy. These people have had their lives thrown into turmoil, have no source of income and can't support themselves or their families. On top of that, to wish that MORE people had been affected, based on some measure of value you've unilaterally decided upon? How callous. You should be ashamed of yourself.

5 or 6 of those lost will hurt, but most of the people gone just got in the way and slowed everything down. It's a shame some of the laughable ops and support goons escaped it though

Who is that sh-t for brains person posting the previous message? What a loser of the lowest order.

No idea any of this was going on. But so many of the people mentioned have serious BDE and yet have such tiny and limited ... vision.
My gosh do they love the drama and being the keeper of the secrets. I bet they are loving this. Probably started the thread. Oooh well played...

If you were caught off guard without a backup plan, well, that’s on you. There were plenty of signs pointing to the massive layoff, especially from our big boss, Jeremy, during the town hall meeting in December. It was all written in big, bold letters. I was about to hand in my notice when I got my pilon agreement… thanks for the bonus!

I want to give a shoutout to his new chief of staff. She’s been whispering about the upcoming restructuring, and Omid has been sharing all sorts of juicy details about the churning projections and even leaking some confidential info about potential acquisitions. They’re both real power players, always trying to prove that they belong in the inner circle by running their mouth.

They’re deadweights because they dropped your momma last night for the new hoe.

Let's spell out who the political deadweights are - JR, CHS, BH, OH, JB-1, JB-2....... everyone knows who they are, Jeremy's gang of talentless, clueless, heartless deadweights!

I briefly worked at Blue Prism and the truth is there was absolutely zero accountability for any level of contributor. Releases were always missed and the pace of delivery glacial.

Who is the new GM?

Blue Prism is a great product. This is just another classic case of a company born from engineering excellence and slowly ki-led by business and finance people who have zero understanding of technology. They can’t innovate, can’t grasp what makes a product good, and their only move is to slash costs, fire key talent, and promote political dead weight. It’s Boeing all over again. Or Sun Microsystems. Or Nokia. Or Kodak. The pattern is always the same - strip the soul out for short-term numbers, inflate stock value, then exit like a hero while leaving a hollow shell behind.

UK Blue Prism roles being let go left right and center. Hope they are also culling management as well as infantry.

If the product was so bad, it’s a shame your leadership team wasn’t smart enough to spot it before signing the deal. Sounds like the real problem wasn’t the product — it was you.

Next time, blame the mirror.

Couldn't happen to a better bunch of people. This sh-t pile has been on fire ever since we took your broke a-s product onboard