Man this place has turned into quite the clown car fast. We just had a small RIF a few weeks ago now email comes out that we are laying off 10% of workers over the coming weeks.
Worst part is they haven’t notified anyone yet and will do so over the coming weeks. Merry f’ing Christmas.
If you’re not looking for a new job already this should be a wake up call to get out as fast as you can.
Test
More layoffs coming! Just found out a few days ago myself and about 13 other sales people were getting the boot. Someone then sent me a yahoo news article I’ll provide in December that said there will be 339 more layoffs on February 2nd which is exactly my last day I will be paid. Really sad and pathetic that this is now happening to sales people. TU is officially becoming a toxic sh-t company.
https://finance.yahoo.com/news/credit-giant-transunion-laying-off-211200882.html
Transunion has been taken by Indians. They target American jobs to send them overseas. How about employees with H1 status? They lie saying that not American can do those jobs. Shameful strategy.
My advice to professionals is don’t join TU if you are american. The strategy is to use you and then move your job to foreigners.
My advice to government contracts is do not give contracts (use our tax money) to organizations like TU that fire Americans for cheap labor.
F Transunion! Jim Pe-k and Mohit where true leaders. The current leadership has no business sense and they are clueless.
This was a great company at one time. Now it is more than likely going to be run into the ground only to be bought up by someone else for the data it has. They will never be able to move everything to the cloud and they will find out the hard way.
How about taking comps from CEO/CIO and other Leadership before laying off US workers.
My 2 cents...
While not surprised at the RIF, 10% is a whole lot. Doesn't sound like anyone is safe. Tbh if it's skimming the fat off the top, targeting terrible people and low performers who have no business being employed anywhere, sure. Looking at the d-mbasses in director or VP+ roles, majority of whom seem to be glorified babysitters. This org is too top heavy, yes, but don't fu-k it up for the people doing the real work.
While we were sleeping this summer and fall, Cartwright wiped all those small offices off the map. There are only 8 offices now in the US.
They should try saving money by closing small local offices rather than laying off employees. Many executives are getting away with so much it’s insane.
I received few emergency training requests in last 2/3 weeks . I knew right then something is fishy . Oh well heard about the lay offs last week. Sincere employees can expect to receive this reward in the upcoming weeks. While I'm certainly disappointed, there might be something bigger and better awaiting us.
Chris and Venkat really woke a sleeping beast with this announcement. This board has been pretty dormant over the last several years. This past week has seen more posts and replies than the past 5 years combined. They may think they’re only getting rid of 10% of workers but I’m sure a ton more are feverishly now trying to get out on their own terms. This is likely going to blow up in their face.
Layoff announcement made 11/15. If we calculate, the notices may come next week, but 12/15 could be the day or 1/15 which is MLK holiday in US. Anything other than CC saying the axe falls “in the coming weeks” sure would’ve been appreciated.
About 5100
Post from TheLayoff.com
This is a consequence of bunch of yes men/women not challenging the senior leadership. The CEO says “jump”, they respond “how high?!?!” Pathetic management and leadership that don’t understand their priorities. Let’s push every f’in thing forward without proper knowledge. Venkats 2.5 minute reiteration of what Chris had said was completely unnecessary and for execution he gets a big F. GO BACK TO SCHOOL AND LEARN HOW TO PROPERLY COMMUNICATE!!!! bunch of incompetent a’holes. Well not so Happy holidays ya’ll.
Does anyone know how many people are employed at TU (US)? Canada?
The fact the stock tumbled 30% in 2 days over the earnings report when other companies ago missed earnings weren’t penalized nearly as bad shows the market doesn’t seem to have confidence in TU being able to deliver. While moving a ton of jobs to India may help the bottom line in the short term, I fail to see how that will position TU well against its competitors knowing just how dysfunctional our GCC is.
Someone needs to take these c suite executives offshore before taking jobs out of america
I hope HR is not impacted.
A few weeks ago I received a Workday message telling me to add my personal email address into the system. Now I know why. One day soon I’ll try to log on and I’ll be locked out. I’ll go to my personal email and see the separation notice. I’m not signing anything from TU until I have an attorney look at it. Every piece of communication from TU needs a decoder ring. The TU sc--w is real.
The real culprit here is GAAP. Public companies are REQUIRED to treat employees like pieces of meat based on decades of accounting rules that put more value on widgets than the people who produce them.
I knew back in Sept when they announced that 2023 year-end bonuses will be paid out in March of 2024 and you need to be employed on 2/1/24 to be eligible that something was afoot. Now we know what the rub is. As well as this is nothing that came about recently, it has been in the works for some time.
TU has been constantly trending downwards since Jim Pe-k and Mohit retired and Cartwright and Abhi/Venkat took over. The past few years have been a disorganized mess in GT and it's only getting worse. All the while they are pushing to get the TU and Neustar orgs merged but could be canning key contributors for the effort "in the coming weeks".
We used to be empowered to do high-quality and methodical initiatives. Now, it more closely resembles a fly-by-night pager store from the '90s with no one at wheel.
After being one of the long-tenured US-based associates, I was already planning on making a move in Q1/2 next year and ejecting from the clown show the org has become. Now I'm hoping to be one of the lucky ones to get paid to do so!
I deeply sympathize with the situation at TU. The issues they're facing aren't merely confined to their organization; it's indicative of broader problems in American business practices. Over time, corporations prioritizing shareholders over accountability have led to a culture where employees are seen as expendable resources. This trend promotes longer hours, harder work, and fewer resources, while dissent is met with reminders of the layoffs. I've contemplated this for years and strongly feel that IT professionals should consider unionization. Income inequality mirrors that of the 1920s, and the outsourcing of jobs only exacerbates the struggle for basic needs. Just as workers unionized in the past, forming unions could pave the way for a stronger economy, more jobs, and reduced societal issues. Some might argue that unions are for blue-collar workers, but the treatment of professionals and the manipulation of salaried positions by corporations suggest otherwise. The current system often exploits professionals, disregarding their time and efforts for the company's gain.
@1kfw+1pB0N8EB I think the plan was always to consolidate everything in Neustar and eliminate positions--oops, I mean "leverage material cost synergies from the Neustar acquisition." The reason this is coming as a shock to employees is because Chris Cartwright has perfected the art of weasel words. When he speaks directly to investors there is no doubt about his plan and no regret about "reworking TU personnel to capitalize on the GCCs."
GCC and offshore representatives are considered lower-tier talent. Those who collaborate with them find it frustrating, as repetitive teaching is required. Numerous negative customer experiences arise due to language barriers, slow responses, and a lack of common sense in communication. Instances like calling customers at inappropriate hours add to the challenges. There's a persistent request for more U.S.-based representatives. Long-term employees observe a decline, foreseeing potential future implosion.
Manipulating data to favor one group for the CEO's approval harms those losing jobs. Irony in claiming office return for connections while firing. Neustar's deceit impacts the company negatively. Hope the CEO exposes their lies. The evident desire for employees to resign is apparent; I'll gladly leave once I secure a new position. It's unsettling to be within a major credit bureau handling sensitive data with unclear happenings.
https://x.com/TheLayoff/status/1725640300948062229
Do you think marketing will be effected?
Nobody knows anything today. Just like nobody knew anything yesterday. My advice is to eat till you explode on Thanksgiving so you can live off the excess body fat once notices go out.
Did anyone receive an update about when they will inform people affected, or it is going to be next week?
Thanks for saying it, @2kqj+1pB0N8EB. I'm sure many of us reading this thread can go into Workday right now and see that we're categorized as a knowledge worker. None of the rest of our titles or roles mean much outside the context of the organization, especially when at the end of the day it's just that easy to treat you expendably. There's not much we can do now, but no matter what happens next or where you go, stick up for your fellow workers.
In difficult times like these, I must admit this post made my day: “Should we give him an:
A for effort, B for reading skills, F for reading comprehension?” (about venkat’s town hall)
Posted on another thread here, https://www.thelayoff.com/t/1pCgbNZz or linked => @OP+1pCgbNZz
I'm really sorry for the folks at TU having to go through this right now. Having watched this company and some of their counter-productive mandates because some business leader read an article, I can't say I'm surprised, but this really isn't so much a TU problem as it is an American business problem. Ever since the 80s, the notion of corporations being accountable (legally, socially, etc.) have gone out the window. We're sitting in the middle of an era where only the shareholders matter, and staff become a resource to be used and discarded when no longer needed. And what does this tell those who are not part of the cuts? It says you better work longer, harder, and with fewer resources, and if you complain, 'please allow us to direct your attention to the 1300.'
I've been thinking about this for years, but I believe we're at a point where IT professionals need to unionize. Hear me out... Income inequality has reached the same point as it did back in the 1920s. In the 50s, you could raise a family on one salary. Today, a two-salary home still struggles to get a vacation in, or send their children to college. The continued practice of bleeding jobs to other countries, unchecked, leads toward an economy where the majority of people can't afford basic goods and services. In the 20s and 30s, workers unionized and shortly thereafter, we entered the 50s with the largest middle class the country had ever known. Unions make stronger economies, which make more jobs, which reduces crime, which... (etc.)
"But we're professionals, not blue collar; unions are for blue collar workers." Are you, really? Are you treated as a professional by your leadership? "But we're salaried, not hourly." Well, no you aren't. A salaried position compensates the worker for the results. You are still submitting your time sheets, right? What would happen if one day, you submitted 4 hours for a day on your time sheet? Exactly - you'll get it back and be told to make it 8 hours. You also don't get overtime pay for all those extra hours you work. This is a manipulation of the salaried model by corporations so that they can hire fewer people, and get free work out of YOU. You are NOT salaried. You're being taken advantage of.
I had heard that Abhi and Chris were not seeing eye to eye toward the end and it was exhausting Abhi. I don’t think Abhi was perfect, not by a long shot but he at least I think didn’t try to go 150 mph in a car that hasn’t even been built yet like Venkat is trying to do.
Not sure if anyone listened to the investor conference they boasted about towards the end of the press release but the link is below. Our previous CTO saw this coming. He left to avoid this chaos. Our CEO struggles to speak in real terms and consistently remains on speaking in a superfluous manner. Listening to the webcast I applaud the interviewer for not letting our CEO get aways with non-answers and fluff. Now is not the time to speak in the dream world and what will happen... now's the time to speak to the capabilities in a practical sense. Investors want to understand what we possess but our C-suite is unable to speak to it effectively and concisely. Every answer given leaves the audience with more questions because the answers are not clear. I agree our portfolio of solutions is under-appreciated by the street, but this is the time when the C-suite needs to be obsessed with the specific capabilities we hold and how they compare with the competition. Stop talking about tech transformation... that is not the hot item anymore. Now is the time to evangelize the real capabilities but our leadership can't speak to any of it and that is the sad truth.
https://jpmorgan.metameetings.net/events/ultimate23/sessions/48913-transunion/webcast/general_signin?gpu_only=true&kiosk=true
I've been through a couple of layoffs, including a few that had an eerily similar timing (announcement comes a few weeks before Thanksgiving) so here's my two cents on this:
I can confirm that many Dr/Sr.Dr/VPs have no idea about specifics. SVP+ seem to know more.
@1rup+1pB0N8EB I’m a Director and I can assure you I have not a damn clue of what’s going on. I haven’t been asked to cut anyone and I sure as he-l don’t know if I’m on the chopping block myself.
“The company will relocate employees to its global capability centers (GCCs) and eliminate other positions as it reduces expenses related to its 13,000-employee work force.”
Who are these employees being relocated to India, Costa Rica and South Africa?
The normal senior leadership distro which includes directors was caught blind by this action and the announcement. My VP is just as blind as we are on this.
2 weeks back in my skip level the guy was very rude and was asking me to get things done asap . I was genuinely surprised by his communication style, and and now after CEO’s email it seems he was attempting to encourage me to resign, likely to avoid providing severance pay. Does this even comply with legal standards? Can someone stoop to this level?
I believe talks have already happened between the VP, Directors and under them reporting level on whom to keep and who all to lay off. The VP would've taken into note there is this so and so important commitments are coming up and these well-versed employees should stay and lay off the rest. I gotta know all this from my other teams. What are your thoughts on this?