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.

Senior management has created too many strategic programs and is trying to implement all changes too quickly. Staff needs and has requested more guidance and direction but it is too slow in coming. In spite of working harder, and more efficiently, potential for promotions is limited and is very much based on team size and its management. Millennials have best chance of getting ‘fast tracked’ and promoted over people with better work ethics, loyalty and experience. Frequent layoffs (twice a year). Too much focus on pro-diversification vs. goal-achievements regardless of race or LGBT statuses.