Thoughts on the New Technology & Product Model?

Management announced the shift to the "New Technology and Product Model" yesterday, effective June 1. They are framing the 1,000 cuts as a "skills reshuffle" to make room for 2,000 early-career hires.

To those in Tech/Product: How is your leadership actually mapping this? Is your "squad" being dissolved into these larger teams, or is this just a way to cut senior headcount before the RTO mandate hits in September? Curious if anyone has seen the new org charts yet or if we’re all just flying blind until June.

#ChangeManagement #Layoffs #Leadership #OrganizationalChange #Technology

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@ac Fidelity seems to follow trends from other higher profile, academically-forward tech companies like FAANGs, etc. There is likely no other explanation for this decision to abandon AGILE. Frankly, so many of the people in those non-technical roles seem to contribute very little, and it's a wonder those roles have existed for so long. I've never seen so many middle managers and support roles at a company.

My gut feeling is they don't know what they are doing and are just trying another model that will also fail. There are so many groups to all running around "getting alignment" with each other that they fail to just get the work done. They could be driving right off a cliff and all they would worry about is if they are doing it consistently across teams with shared components.

We're supposed to learn more next week but we'll see

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Thoughts on the New Technology & Product Model?

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