Not the place to be - Anonymous employee DTCC Employee Review

There are several. If you have any career ambition, I don't recommend working at DTCC. - As other reviews have mentioned, there is a distinct lack of leadership and vision. Very few people could tell you what the goals are for the company moving forward. The problem is that DTCC has a monopoly on the market, so there is no incentive to innovate or do anything different than what they have been doing for years. Once competitors catch up, the company will be in for a rude awakening. - Things move at a glacial pace and there is too much beaurorcracy. It takes forever to get anything done because it has to be approved by so many different levels of management and committees. It is like a government agency at times. - No room for advancement at all. There is a large percentage of people who are just coasting by and clogging up management positions while younger talented employees are leaving for better companies. The company would rather retain these people than promote and pay younger, energetic people. - The company has been undergoing a cost cutting program they implemented about 2 years ago. They've laid off tons of people and started shifting a ton of employees to the Philippines. My department in the Jersey City office hadn't hired anyone new for a year and a half. -People don't work together across the organization. My department had to collaborate with others on certain projects and many individuals within the company just wouldn't cooperate. If it didn't affect them directly, they wouldn't care at all.