DTCC reviews

3.9

75% would recommend to a friend

(1,730 total reviews)
avatar

Frank La Salla

71% approve of CEO

71% positive business outlook

DTCC has an employee rating of 3.9 out of 5 stars, based on 1,730 company reviews on Glassdoor which indicates that most employees have a good working experience there. The DTCC employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
3.0
Sep 3, 2024

The Good & Bad

Recommend
CEO approval
Business Outlook

Pros

Strong Pay, highly talented people, once upon a time a leadership culture that inspired others, respected all and encouraged open communication, unfortunately that changed as high quality senior leaders left and new ones joined, some highly suspect hiring especially in the Technology Dept. Highly innovative with interesting and challenging work makes this a fun place to work.

Cons

As DTCC leadership changed unfortunately so did the culture. They took the diversity hiring way too far. Hiring and promoting based on diversity profile led to some very poor senior leadership hires, especially in IT. Too much turnover, constant layoffs of very good people. Has an odd culture, if you are in with certain key leaders you are in. If you are not in the 'club' then your time will eventually come to an end. The top leadership just changed, and well look at the recent hiring trends, tons of existing employees are being let go with new leadership bringing on their own known contacts from previous companies. The layoffs are every year.

avatar
DTCC Response
1y
Thank you for taking the time to write a review for DTCC. We are happy to hear your appreciation for DTCC's compensation and will share your additional feedback with the appropriate department to ensure continuous improvement.
1.0
Aug 28, 2024
Recommend
CEO approval
Business Outlook

Pros

Some nice people to work with.

Cons

As another reviewer has said, the weight and increasing effort this company is putting in to monitor office attendance has gotten ridiculous. Not only do employees feel like they’re being watched like children, but now we also need to worry about hitting certain marks for attendance because the dashboard does not factor in PTO, holidays, etc. Why are we putting more effort into this monitoring tool, but still leave these reporting gaps open? Its as if it’s modeled in such a way to make it look like employees are missing the mark. Frank’s old ways of thinking in regards to office attendance has already caused great talent to leave the company, and it will most certainly continue - especially since we continue to put more effort into this monitoring. This “flexible” wfh arrangement has gotten increasingly inflexible as time goes on, and it’s very unfortunate that DTCC does not take employee feedback seriously at all on this subject. The fact performance is affected based on what chair employees are sitting in is the absolute wrong line of thinking. DTCCs rationale on office attendance is to “increase collaboration”, but how does office attendance increase collaboration for the teams that are based overseas? Team collaboration does not change when the only collaboration is through a Zoom meeting - period. In fact, collaboration is decreased in this scenario due to the time wasted commuting just to make sure our badge swipe is recorded. Another excuse DTCC uses as rationale is that other companies have had a similar attendance model since Covid. Why does this company claim to hold so much weight in innovation, then? Do we only innovate where convenient? It certainly feels that way, since employees concerns over this attendance policy are never heard and are instantly shut down.

avatar
DTCC Response
1y
Thank you for taking the time to share your perspective with us. We value hearing from our current and former employees, your feedback is invaluable to us as we continually strive to improve our workplaces for our employees. We will share your feedback with the appropriate team in order to address the areas of your concern.
3.0
Aug 28, 2024
Recommend
CEO approval
Business Outlook

Pros

High Salary and compensation. Great Benefits

Cons

Management lack of skills and handling team

avatar
DTCC Response
1y
Thank you for taking the time to write a review for DTCC. We're happy to hear your positive feedback regarding compensation and benefits. We will share your additional feedback with the appropriate department to ensure continuous improvement.
Viewing 325 - 327 of 1,730 Reviews

Glassdoor has 1,964 DTCC reviews submitted anonymously by DTCC employees. Read employee reviews and ratings on Glassdoor to decide if DTCC is right for you.