DTCC reviews

Everything boils down to politics and I hear a lot of not my fault, not my job, not my problem. It's a very cover your butt culture. One of the major issues is that no one knows how to work together across teams. My team has been trying to get a new system approved (actually we have many other products from this one vendor, it will just be a new function). It's now been 3 months and we still have to get through at least 2 more committees to get it approved. It should not be this hard to make one change in the organization, but everything seems this way. It also seems like they don't have a whole lot of money in the bank. They just sold our non essential products and division. They are also in middle of their 4 year cost cutting plan and keep moving jobs down to cheaper areas. Problem with cheaper talent is lesser quality. They are keeping everyone that has been here for 15+ years in management positions that get paid too much to not have a clue on how to solve the problems of today. They are still hanging on to that one product they essentially have a monopoly on in the industry. Once someone else figures out how to provide that product, this company is sunk. Top management is asking for employee input on what the problems and dissatisfaction boils down to, but does not seem to have a clue on how to fix it. It seems that they are struggling to be a 2017/2018 company.

They lay off tens, maybe hundred of employees a month now. Down from several hundred. Their IT is outdated and for a "tech" company that's a bit sad. Management is bad at managing. They often buy bankrupt or soon to be companies that flounder, then sell for a loss. Rinse repeat. Place is becoming more and more toxic to work despite people attempt to make it "fun".