DTCC reviews

Bully culture is alive, thriving and encouraged. The company is grossly understaffed and employees are over worked. Upper management is either clueless or simply does not care. HR will listen but will do nothing; it will even count against you. Individual contributors are at the mercy of their managers. There are no checks on the managers however employees are heavily scrutinized. Career growth programs are held during working hours. Since most people are over worked participation is near impossible. Social events have a cost associated (even the Holiday party) and are held in the evenings. Since leaving on time is a luxury few have, attendance is difficult. Remote work options are an easy way to squeeze a few more hours out of an employee. Performance bonuses are simply a carrot to force over worked employees to work more. The bonus and compensation topic is brought up ad nauseam. Employees work for every penny; it just evens out the extra non-paid time spent at work. Promotions are only awarded to those who either never sign off or those who have “friends”. Promotions are more about the prestige and less about pay. Much of the work force is overseas touted as business continuity however it is really just cheaper labor. There is no loyalty to employees since layoffs happen every single October. Layoffs are meant to save money and to open spots to be shipped overseas. How can you trust a company where the mission statement is not being followed? “Lead with integrity” and “Develop employee potential” are two things that DTCC does not follow.

I worked here for 5 years. When I started, I got the sense that something was way off. People looked burned out and miserable, management had shifty eyes. HR orientation felt weirdly disorganized. Feedback was "encouraged" but then ignored. I had to ask for the employee manual 5 different times before I finally got one. This is the most toxic and stale work environment I’ve ever experienced. The technology is laughably outdated. It had a warehouse mentality from day one, borne from lazy union workers doing their jobs manually. There are still managers from those days, and they still treat that their employees like lazy manual laborers, mainly because those are the only types of people they know how to manage. If you work here, you’ll find yourself getting dumber by the day, just because of upper management’s self fulfilling prophecy that their employees don’t want to work, and so therefore their job and their top heavy management structure is necessary and justified. I knew one manager who’s total job responsibility was to send one weekly email. Senior Management is a club of mostly white men from the old days, who have given lip service to “diversity”, but only at the lower levels, mainly as a buffer so that they can keep their club functioning. There is a cruelty in the air here. Management actively encourages employees to turn on each other, killing any sense of teamwork, while it’s a total hangout culture as you get further up the ladder into senior management. Petty games and decades old unproductive rituals rule. They have no competition in their industry, so employees here are busy killing each other. They have met the enemy, and the enemy is them. The longer you stay, the more your sense of fair play and teamwork at work, and in life, will be eroded. The worst part is looking around at all the nastiness and realizing how terribly unproductive it is. Soon you’ll find yourself following management’s lead, going through the motions in order to get paid, and treating your fellow employees and your staff like absolute trash and hating yourself for it, That’s when you’ll have to make a choice between your money or your values. I chose wisely and am so happy that I had the foresight to leave before that state of mind became permanent for me. I now get paid twice as much and am as productive as I want to be. Yes, it’s competitive world, but teamwork, collaboration and productivity are possible. Just not here. You have been warned.