Boston Financial Data Services Layoffs


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Topics regarding layoffs at Boston Financial Data Services

Banked vacation, PTO System

SS&C will take the banked vacation and change it to PTO system, You will use it or lose it within the year. Those who have a lot accrued will have to use it.
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145 views | 1 reply ()

Rats leaving a sinking ship

People are leaving and many are looking. There are those who are no longer waiting for the lay-off as there is no guarantee of any package, . Company trying to keep things calm with the "business as usual" attitude so as not to incite a mass exodus... read more
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2129 views | 11 replies (last )

January 31st

Anyone else hearing BFDS layoff rumors for Wednesday?
by | Post ID:
657 views | 1 reply ()

Gave notice

After 11 years with BFDS, I was offered and accepted a job offer with another company on Tuesday. Wednesday I asked my manager for a few minutes of their time and was told "we'll talk later". On Thursday I asked twice and was again ignored. Late... read more
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1657 views | 4 replies (last )

Relocation

Has anyone else heard the rumor that the few remaining people from Quincy will move to a building in Norwell?
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933 views | 2 replies (last )

With any upcomng layoffs....

regardless of how long you have been employed you will only be given a moment to grab your keys and pocketbook. I was advised by others impacted in June and October to gradually begin to take home any necessary documents and/or treasured personal... read more
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897 views | no replies

Middle Management Next Target

Those in the know are in fact aware of this. The need to keep lower management is crucial as they are more knowledgeable with front line day to day operations. This is needed for a seamless transition so as not to interupt the client relationship.
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943 views | 1 reply ()

More layoffs incoming

October 4th, 2017, Poindexter Building Conference rooms 300 and 401 were booked by HR from 7:30-5:00 today. They started early, around 7:45 calling the chosen and instructing them to the 4th or 3rd fl conference room, to be "Cut" from the company... read more
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1350 views | 3 replies (last )

BFDS Layoffs

I’m a guy in the know here. Yes there are more layoffs coming early October (4th and 5th). This is Business. DST acquires BFDS and there are natural efficiencies that need to be realized. Functions overlap (finance, HR, mail room, Ops etc). It’s... read more
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4288 views | 19 replies (last )

BFDS has been going downhill for years

BFDS has been going downhill for many years now. When I was still there, I remember a town hall meeting where a VP said that the BFDS business model was obsolescent. Of course, that made everyone think of layoffs; but the VP told us not to worry... read more
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1301 views | 1 reply ()

Lay offs to proceed after company cook out

In order to preserve what little morale is left, BFDS will first host their yearly employee cookout and then have another "Event" after the cookout. IMHO, keep your eyes on Sept 28th or 29th.
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760 views | 1 reply ()

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